Wednesday morning news drop
The Dirty Work of Cleaning Online Reputations For a fee, companies will tackle damaging search results. But is the new economy of digital makeovers making things worse? (Walrus)
Money has never felt more fake. The market feels like a bubble. Does it matter? The concept of value is a fuzzy one, and valuation is often more art than it is science. Psychology has always played a role in money and investing — and there have always been bubbles, too, where the price of an asset takes off at a rapid pace and disconnects from the fundamental value. (Vox)
The most unusual job market in modern American history, explained Quits, big raises and severe labor shortages: 10 charts on the completely surprising 2021 labor market (Washington Post)
Car shortage could change buying behavior forever Car dealers’ annual year-end sell-a-thons have turned into wait-a-thons for many shoppers unable to find the vehicle they want on dealer lots — but that could be about to change as some companies modernize the way they sell their cars. (Axios)
Here’s (Almost) Everything Wall Street Expects in 2022 As 2022 begins, the overriding message from almost 50 financial institutions across Wall Street and beyond is that conditions still look good, but the rip-roaring rallies powered by the reopening are history. Growth will ease. Returns will moderate. Risks abound—but so do opportunities. (Bloomberg)
This Was the Year When Finance Jumped the Doge From GameStop to bored apes, weirdness abounded among meme-loving amateur investors. (Wired)
U.S. defeats Canada in first dispute under new North American trade pact The issue is dairy. U.S. says Canada not fairly implementing changes it promised, and could face tariffs (CBC)
Fate of 'doomsday glacier' is warning light for climate change, says author Jeff Goodell says what happens to the Thwaites Glacier in Antarctica should push climate change action (CBC)
The Trouble With Airports, and How to Fix Them With all the aggravation associated with flying these days, airport designers are hoping to calm things down with outdoor spaces, wide-open views, less noise and even foliage. (New York Times)