Monday morning news drop
Why employers may need to bend toward a more flexible future to stay competitive Demand for flexibility should be factored into staffing recruitment, retention efforts, experts say (CBC)
In the Tarantino Market, the Hottest Stocks Are Getting Quietly Killed Turmoil under the surface of the S&P 500 is reminiscent of the quant crisis. (Bloomberg)
95% of the time the market is in a state of drawdown. One out of every 5 stocks is down 20% or worse from its 52 week high. One out of every 8 stocks is down 30% or more from 52 week highs and more than 6% of stocks are down 50% from one year highs. (A Wealth of Common Sense)
Gambling Addiction Is Metastasizing: When life feels this precarious, it’s only natural to roll the dice on just about everything. (The Atlantic)
Vigilantes Are Hunting Crypto Scams in $100 Billion DeFi Market These types of scams are exploding in DeFi, the wild west of the crypto market. There, anyone and everyone can mint digital tokens — some that create outrageous fortunes, and far more that flop within hours. FOMO coin culture is the perfect breeding ground for fraudsters looking to take investors’ money and run. (Bloomberg)
The Science of Mind Reading The results of the study were published in The New England Journal of Medicine. The paper caused a sensation. The Los Angeles Times wrote a story about it, with the headline “brains of vegetative patients show life.” It weas estimated that 20% of patients who were presumed to be vegetative were actually awake. (New Yorker)
The futuristic plan to fix America’s power grid This year, millions of Americans across the country lost power at times when they needed it most. As the US power grid deals with an onslaught of heat waves, winter storms, and stronger hurricanes caused by climate change, these kinds of failures are happening more often, taking longer to fix, and harming more people. Power blackouts, which used to be mostly seasonal occurrences, now occur year-round. Winter is often the season for blackouts. Smart grids could change that. (Vox)
Trump called aides hours before Capitol riot to discuss how to stop Biden victory Trump on the afternoon of 6 January. Multiple sources described Trump’s involvement in the effort to subvert the election result. Donald Trump on the afternoon of 6 January. Multiple sources described Trump’s involvement in the effort to subvert the election result. Sources tell Guardian Trump pressed lieutenants at Willard hotel in Washington about ways to delay certification of election result. (The Guardian)
Your Herbs and Spices Might Contain Arsenic, Cadmium, and Lead CR tested 126 products from McCormick, Trader Joe’s, Whole Foods, and other popular brands. Almost a third had heavy metal levels high enough to raise health concerns. (Consumer Reports)
A stunning shift in the way rain falls in America Think your area has had more rain than usual? You’re probably right. Think your area has had less rain than usual? Again, you’re probably right. 126 years of monthly data from the National Oceanic and Atmospheric Administration showing annual precipitation at 344 climate divisions + daily precipitation data from weather stations to measure the change in frequency of extreme rain events across the U.S. from 1951-2020. (USA Today)
