Wednesday morning news drop
Great Resignation? Tech Workers Try a Great Reconsideration Instead More Americans are quitting their jobs than ever before. Some engineers are finding new workplaces to prioritize their own wellbeing. (Wired)
Office holiday parties are back and smaller than ever People either love or hate office holiday parties. Pretty much everyone hates virtual office holiday parties. As we enter the second pandemic holiday season, both types of events — meant to celebrate employees and humanize bosses — are back. But they are probably different from what you remember. (Vox)
The Conglomerate Paradox: As GE splinters You might call this the end of the conglomerate age. But, the truth is, that age ended decades ago in the United States. GE is just one of a few lumbering dinosaurs that survived the asteroid crash. But while the old American conglomerates are going extinct, a new breed is evolving to take their place at the top of the food chain: Techglomerates. Companies like Google, Facebook, and Amazon have been acquiring companies and entering into industries they’ve traditionally had no involvement in. (NPR)
The Winds of Change The last 20 months have been a most unusual period, thanks primarily to the pandemic, yet many things feel like they haven’t changed over that time span. Each day seems like all the others. I mostly stay home and deal with email and Zoom calls – whether relating to work matters or not. Weekdays don’t feel that different from weekends (this was especially true pre-vaccine, when we rarely ate out or visited others). We’ve had only one one-week vacation in two years. The best way to sum it up is through a comparison to Groundhog Day: every day feels a lot like the day before. (Oaktree Capital)
Bank of Canada warns of elevated household debt as interest rates are set to rise In a speech about the stability of the financial system, Bank of Canada deputy governor Paul Beaudry said that Canadians who stretched their finances to buy into the white-hot real estate market are highly exposed to rising debt servicing costs. (Globe and Mail)
To Bet on Inflation Is to Bet Against Human Ingenuity David Rosenberg, founder of Rosenberg Research, doesn’t expect a sustained surge in inflation. In an in-depth interview, he explains how investors can position themselves for a disinflationary market environment and which indicators he’s paying particular attention to. (The Market)
How Music Created Silicon Valley The tech titans couldn’t have built their empires without songs—and now they are destroying the cultural ecosystem that made them rich (The Honest Broker)
The Pigeon Puzzle: How Do They Figure Out Their Impossibly Long Routes Home? From around 2000 BCE, when it’s thought that ancient Sumerians discovered pigeons’ amazing homing abilities, to now, we still don’t quite know how these birds orient themselves in the sky. Scientists have various theories, but they have yet to fully understand the phenomenon. “It’s a mystery. It’s part of what makes the sport so interesting.” (The Walrus)
Inside the Cozy Modern Home of Hockey All-Star Connor McDavid The Alberta, Canada, abode was designed by his girlfriend Lauren Kyle (Architectural Digest)
Edward Rogers has been a pretty good Blue Jays owner, but what could someone new do? It’s in the nature of owning a big-time pro sports team that everyone thinks you are doing a terrible job at it. If the team doesn’t win, you’re stupid. If the team isn’t interesting, you’re cheap. If things do happen to go right, that’s because you had enough baseline intelligence to understand that you are bad at sports and so hired other, brighter people to do the sports for you. But it still doesn’t make you smart. (Globe and Mail)
Bryson DeChambeau Says Feud with Brooks Koepka is 'All Real' Morning Read's Brian Hurlburt was in video media sessions with Brooks and Bryson, who either really don't like each other or are going out of their way to make it seem like they don't to promote the Match at Wynn Golf Club. (Sports Illustrated)
Bryson DeChambeau vs. Brooks Koepka feud timeline: How it started in 2019 and snowballed to 'The Match' Golf's most famous feud from the last couple years will take center stage during the fifth edition of "The Match" on Friday, Nov. 26. (Sporting News)