Wednesday morning articles
How Much Growth Can You Expect? Imagine I present to you a magical box that can turn your money into more money. The only problem is that you don’t know exactly how much more money you’ll get from this box. You could put $100 into the box and get back $200, $400, or maybe only $150 when all is said and done. Also, there’s one final catch—you have to wait many decades for this extra money to materialize. The box needs time to work its magic after all. Given this information, would you use the box? (Of Dollars And Data)
Why going into work five days a week is a thing of the past: “You can either try to figure out flex arrangements now or you can battle your employees for the next 5 to 10 years and then pay a consultant a lot of money to help you figure out what you should have started figuring out five to 10 years ago.” (CNN)
These Young Workers Are ‘Romanticizing’ the Return to Office: As many others chafe against employer mandates, creators on TikTok — some new to the work force — are trying to show that the office can be fun. (New York Times)
Why America Doesn’t Have Enough EV Charging Stations: Gas stations spar with utility companies, rural areas predict years of losses on chargers, spotty equipment threatens reliability: The U.S. EV charging network is a mess. (Wall Street Journal)
It’s not your imagination: Shopping on Amazon has gotten worse: The first page of Amazon results includes an average of about nine sponsored listings, according to a study of 70 search terms conducted in 2020 and 2021 by data firm Profitero. That was twice as many ads as Walmart displayed, and four times as many as Target. (Washington Post)
There’s a Job-Market Riddle at the Heart of the Coming Recession: Tech giants and banks are already cutting workers, but many employers seem desperate to keep hiring. (Bloomberg)
FTX And The Rise Of Investment Scams: How To Guard Yourself: The collapse of cryptocurrency exchange FTX has triggered investigations. Aspects of the scandal are reminders that complaints of investment swindles are soaring. The good news? You can protect yourself by taking five precautionary steps.(Investor’s Business Daily)
She Was a Little-Known Crypto Trader. Then FTX Collapsed. Caroline Ellison, who ran the cryptocurrency trading firm Alameda Research, has found herself at the center of Sam Bankman-Fried’s collapsed crypto empire. (New York Times)
Robot Landlords Are Buying Up Houses: Companies with deep resources are outsourcing management to apps and algorithms, putting home ownership further out of reach. (Vice)
This Is Where Most of the World’s Soccer Balls Come From: Sialkot, a city in northeast Pakistan, produces about 70% of the world’s supply—including Adidas’s Al Rihla, the official ball of the 2022 FIFA World Cup in Qatar. (Businessweek)