10 Wednesday AM Read – The Big Picture

My mid-week morning the train WFH reads:

That increased the dinner tab. Here are all the reasons. At restaurants across the country, labor shortages, supply-chain logjams, the Ukraine war and other forces have driven up prices on almost everything. (New York Times)

Blame the election deniers for ruining consumer sentiment Measures tracking confidence in the economy by politically disaffected Americans are trending lower. (Bloomberg) see more Are partisanships driving consumer sentiment? It’s surprising that today’s sentiment is worse than the levels seen between the worst modern financial crisis and epic generational market crashes. (large image)

Economic Misconceptions of the Crypto World: It’s helpful to take a hard-nosed look at some of the economic stories floating around in the crypto world. These stories are hard to pinpoint, because — crypto is a decentralized enterprise — there’s no authority telling you what to think about Bitcoin or Metaverse, etc. Still, create value not scarcity, not cash savings. (nohpinion)

Technology that NIMBYs try to combat: City officials are using digital simulations and other online tools to ease contentious public debate over new development and road changes (Bloomberg)

Why does the IRS need $80 billion? Just look at his cafeteria. As of July 29, the IRS had a backlog of 10.2 million unprocessed individual returns. Blame the epidemic, sure, but also blame the agency’s embarrassingly outdated, paper-based system, which leaves stacks and stacks of cluttered returns on shelves, hallways and even cafeterias. (Washington Post)

More power in less land: Drive to Shrink Solar Footprint: With the push for renewables leading to land-use conflicts, building highly efficient utility-scale solar farms on small plots of land has become a top priority. New approaches range from installing PV arrays that take up less space to growing crops between rows of panels (Yale Environment 360).

When cities treat cars as dangerous intruders: To many urban Americans in the 1920s, the automobile and its driver were tyrants who deprived others of their freedom. (MIT Press)

Geometric analysis reveals how birds master flight A partnership between engineers and biologists is beginning to reveal how birds evolved their incredible maneuverability. (Quanta Magazine)

How the Claremont Institute Became a Nerve Center of the American Right They made the intellectual case for Trump. Now they believe the country is in the midst of a cultural civil war. (New York Times)

End of manual transmission: The stick turn is dying. If they go, something bigger than driving will be lost. (Atlantic)

Be sure to check out our Masters in Business interview this weekend with Anat Adamati, professor of finance and economics at the Stanford University Graduate School of Business. He is director of the Corporation and Society Initiative and a senior fellow at the Stanford Institute for Economic Policy Research, was named by Time magazine as one of the 100 most influential people in the world, and co-authored Bankers’ new clothes: What’s wrong with banking and what to do about it.

How hard is it to go to space?

Source: Medium

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