Wednesday morning news drop
How Do Stocks Perform When the Fed Raises Rates? There have been 8 longer-term rate hiking cycles since 1970 Surprisingly, stocks have held up relatively well on average, with a total return in these periods of 23%. (Wealth of Common Sense)
Everyone Thinks Rising Interest Rates Are Bad for Tech Stocks. But Are They? A closer look at the numbers shows that the relationship may not be as clear-cut as many investors believe. (Institutional Investor)
Big Tech Makes a Big Bet: Offices Are Still the Future Even as they allow some employees to change how often they come into the office, tech companies are rapidly buying and leasing properties around the country. (New York Times)
What We Lose When Work Gets Too Casual The loss of workplace formalities like fixed start and stop times, managerial hierarchies with clear pathways for advancement and professional norms that create boundaries between personal and professionally acceptable behavior only hurt workers. We should not be deceived: Many of these changes mostly benefit employers. (New York Times)
Putin’s New Age of Conquest In today’s world, borders are almost never redrawn at the point of a gun. Could the Ukraine crisis change that? (Grid)
Inside the High-Stakes Fight to Control the Narrative on Ukraine As Putin searches for a false pretense to invade Ukraine, the Biden Administration has moved to release, in real time, what it knows of Russia’s war plans (New Yorker)
How Winter Olympians who hate the cold compete in freezing weather As the Beijing Games carry on through frigid temperatures and frosty conditions, athletes reveal the cold hard truth about competing in a polar climate. (Sports Illustrated)
Rental reprieve over: vacancy rate returns to 1% Unfortunately, we’ve known for months that the brief reprieve for tenants was already over, with reports of ultra low vacancy rates in purpose built rentals, a rental crisis for returning students, and swarms of applicants for private suites. The recent CMHC rental report confirmed the return of the dire situation, with Greater Victoria vacancy dropping back to the pre-pandemic rate of 1%. (House Hunt Victoria)
