10 Wednesday AM Read – The Big Picture

My mid-week morning the train WFH reads:

Who owns student loan debt? Most people see a return on their student loans in the form of a high-paying career. (dollars and data) see more child of hate: Pay off all student loans (assumed for the current year only) 100% tax-deductible, and retroactively — at least in part — for those who have already paid. Bankruptcy removes all legal barriers to student loan debt discharge. Abolish federal student loan institutions. (pirate wire)

For job seekers, $20 an hour is the new $15. A sign of how inflation and labor shortages have driven up wages no one could have imagined a decade ago, when Fight for $15, a union-led push to organize fast-food workers, was founded. (Axios)

Buyers are on the sidelines: Desirable homes at the right price are still flying off the shelves, but we’re starting to see some evidence of normalization in the housing market. Median days on market is still absurdly low, but it’s heading in the right direction. (irrelevant investors)

Car companies are making a fatal mistake with electric vehicles : The height of electric vehicles is not their only safety risk. Even with heavy batteries, these vehicles’ electric powertrains allow them to accelerate to unusually fast speeds. Chevrolet touts its “Wide Open Watts Mode” as allowing the Chevy Blazer EV, an SUV, to accelerate from zero to 60 in under four seconds—a speed comparable to popular muscle cars like the Dodge Charger and Ford Mustang. A Tesla Model X Plaid reaches 60 mph in 2.5 seconds – faster than any other SUV. (slate)

Shakeup at Carlyle, Apollo succession planning needs underscore: The current investment landscape may lead to more scrutiny of publicly traded private equity firms. (CIO)

A pretty safe lie: “But is it safe?” Good economists will scoff that this is a meaningless question, because security is always a matter of degree. Nothing is completely safe in the real world. Even if you spend your days hiding in your house, you can die of a heart attack, earthquake or home invasion. (Bet on it)

The crypto world can’t wait for the ‘consolidation’ A long-awaited upgrade to Ethereum, the most popular crypto platform, could make the technology more environmentally sustainable. But it comes with risks. (New York Times)

You love the iPhone. Your partner loves Android. Here’s how to make it work. The pros and cons of Apple and Google’s mobile operating systems—and how people can find neutral apps that work with both. (Wall Street Journal)

What drives galaxies? A black hole in the Milky Way could be the origin. Supermassive black holes have emerged as the engine of galactic evolution, but new observations of the Milky Way and its central hole have yet to hang together. (Quanta Magazine)

Serena Williams by the numbers: Her 319 opponents tell the story of an entire era Williams’ analysis of every head-to-head match-up shows the top-class rivals rising, falling and almost always losing to the 23-time major champion. (Wall Street Journal) see more John McEnroe, seriously On the eve of the US Open, a conversation with a famous NYC tennis legend, the subject of a new Showtime documentary. (Wall Street Journal)

Be sure to check out our Masters in Business next week with Eric Balchunas, senior ETF analyst at Bloomberg, where he’s co-creator of the Bloomberg Podcast Trillions and co-host of Bloomberg TV’s ETF IQ. He has written several books, most recently “The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions

Online auctions have exploded since Covid

Source: Trends

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