November 19, 2018

Money

"Having assessed over 2,000 CEOs and over 18,000 C-suite leaders since 1995, we are struck by how often careers of talented executives stall or even derail because of seemingly trivial issues, many of which are utterly fixable."

"Nearly a year after the tax cut, economic growth has accelerated. Wage growth has not. Companies are buying back stock and business investment is a mixed bag."

"Generally, people work for employers, whether private organizations or government agencies, because employees add enough value to sustain their wages and still benefit the employer. Under a job guarantee, creating value is an afterthought."

"Indiscriminate use of ‘intellectual property’ has unsurprisingly bred absurdity. Anything associated with a ‘creator’ – be it artistic or scientific – is often grouped under ‘intellectual property’, which doesn’t make much sense."

"Each year, local governments spend nearly $100 billion to move headquarters and factories between states. It’s a wasteful exercise that requires a national solution."

"Divided government means Trump will be in confrontational reelection mode while House Democrats and Senate Republicans fight and the deficit soars."

"Documentary filmmaker Nathaniel Kahn would like you to believe that there are two kinds of artists in the world: those who sell and those who do not. And those who do sell, like Jeff Koons, can sell for upwards of $58 million... "

"The Federal Reserve’s relentless pursuit of 2% inflation creates more problems than it solves. The 2% target has become gospel for central bankers."

"Wall Street thinks the Democratic win in the House is a check on the White House's aggressive trade policy, which could potentially boost names like Caterpillar and Boeing."

Does bribery work? What can you get for a twenty-dollar bill slipped into someone's palm? At VICE, Michael Bunchinger attempts to find out by bribing as many people as possible in five days.

"This year in particular, the economy has performed exceptionally well. Among major economies, only the United States has accelerated significantly in 2018, while Europe, Japan and many emerging economies have slowed markedly. "

"So, is this selloff just a correction, offering a chance to buy cheap? That is certainly the easy, happy reaction. However, that view misses the key question: why would such an out-sized, temporary drop happen?"

"It’s increasingly difficult to ignore the profound incompatibility between serious climate action and an economic system predicated upon the pursuit of profit in a ceaseless war of all against all."

"Simply put, describing the call for climate action in economically or politically revolutionary terms is always going to be counterproductive, because the vast majority of ordinary people in most countries don’t want a revolution."

American retail is in a crisis and giant chains are falling like dominos. And while Best Buy may seem like a relic from the 90's, it may be the key to understanding how a company can survive the retail apocalypse.

"The e-commerce company has so much information about us that it’s become expert at shilling us things we didn’t even know we needed. No wonder its advertising business is booming."

"Despite the bold public statements, a number of firms reportedly sent junior-level staffers to the conference anyway — and no one has said outright that they would no longer be working with the Saudi Arabian government."

"With America's political order settling into a seemingly permanent state of crisis-on-autopilot, it is just a matter of time before the paper economy follows suit."

"For nearly 40 years, the GOP has relied on cutting taxes as an easy way to win votes, even when their plans—like the most recent package—benefit only the rich. "

Many people won't take the threat of climate change seriously until they see tangible evidence of its effects. Rising insurance premiums are a powerful and quantifiable sign of a warming globe.

In California and across the country, landlord groups are waging a disinformation campaign to squash efforts to make rent more affordable.

The dizzying run-up in crypto prices in 2017 was followed, this year, by a long, lurching retreat that, as the summer gave way to fall, began to seem perilous.

It’s time to figure out what caused the stock market’s 800-point plunge.

Sears was Amazon in a time before Amazon. Now they’ve declared bankruptcy.

“The number of IPOs is declining, and that could mean that small investors are getting shut out of the most lucrative deals.”

Think your theory about the market plunge is the right one? Get in line.

Stock market crashes are hard to forecast – can we do a better job predicting them?

“…the economic impact of the tech industry in the Bay Area has been making the rich richer and the poor poorer.”

“Let’s hope the Fed is practical and not enslaved to a defunct Phillips curve that could lead the U.S. into recession.”

Why are millennials low on both happiness and savings? Hint: It’s not avocado toasts.

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"Having assessed over 2,000 CEOs and over 18,000 C-suite leaders since 1995, we are struck by how often careers of talented executives stall or even derail because of seemingly trivial issues, many of which are utterly fixable."

"While the revelation of an apparent indictment against Julian Assange sets an ominous precedent for news organizations, it also serves as a reminder of his group’s stark transformation."

"Through classes and workshops, men across the United States are attempting to unlearn "toxic masculinity"—for society and for themselves."

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"Be connected, be still, and be satisfied -- my 3 essential principles of Shabbat do more for me than all the halacha I learned to be a rabbi."