Thursday morning news drop
The Great Resignation is taking root around the world In the past 12 months, a record number of Americans have quit their jobs, and workers around the world have been paying attention. "The Great Resignation is people saying, 'Whatever the situation is, I want better,'" Patrecia Ming Buckley told CNN Business as 4.4 million Americans quit their jobs last month. (CNN Business)
To Retain Employees, Support Their Passions Outside Work With more and more people quitting, leaders need to find new ways to boost retention. One under-recognized way to keep employees on board is to give them the flexibility and resources they need to pursue their out-of-work passions. Drawing on their research, the authors offer practical strategies for creating “passion opportunities” so that you can attract and retain employees who want to pursue their passions outside of work. Beyond simply providing employees with flexibility, leaders need to make sure that employees feel comfortable actually using this flexibility. Given longstanding ideas about the “ideal worker,” or the notion prevalent in the U.S. that a good employee is one who dedicates their time and energy solely to work, embracing non-work passions requires igniting a mindset shift, including explicit endorsement from leaders. (Harvard Business Review)
U.S. Treasuries yield curve flashes warning sign to investors The U.S. Treasury yield curve is flashing a warning sign to Wall Street, where many are worried that a recession could be in store after bond investors pushed up short-term rates to the point where yields on the two-year Treasury were actually higher than the 10-year Treasury. (Globe and Mail)
What Does a Bond Bear Market Look Like? There have basically only been three long-term bond market cycles over the past 100 years or so for U.S. government bonds: (A Wealth of Common Sense)
Does the End of Cash Mean the End of Privacy? As cash disappears from the modern economy, privacy disappears with it. You can’t spend money with a credit card, debit card or check without creating a record of your transaction. (New York Times)
US seeks new lithium sources as demand for batteries grows. The race is on to produce more lithium in the United States. The U.S. will need far more lithium to achieve its clean energy goals — and the industry that mines, extracts and processes the chemical element is poised to grow. But it also faces a host of challenges from environmentalists, Indigenous groups and government regulators. (AP News)
Climate groups say a change in coding can reduce bitcoin energy consumption by 99% A simple switch in the way transactions are verified could reduce bitcoin’s energy-guzzling mining habits. (The Guardian)
10 Lessons from Great Businesses After publishing over half a million words on some of the world’s most innovative businesses, these are the 10 lessons I come back to again and again. You’ll find tactics from Stripe, FTX, Tiger Global, OpenSea, and other exceptional organizations. (The Generalist)
Online shopping in the middle of the ocean E-commerce giants don’t reliably deliver to the remote islands of French Polynesia, so locals made their own online shopping service (Rest of World)
How War in Ukraine Roiled Facebook and Instagram The rules over what war content is permitted on Facebook and Instagram keep changing, causing internal confusion. (New York Times)
Canadian marijuana producers watch closely as Democrats aim to rewrite U.S. cannabis laws More than three years after legal cannabis arrived in North America on a national scale, Congress is taking another stab at following Canada’s lead by ending long-standing federal prohibitions on marijuana in the United States. (Globe and Mail)
Joel Embiid: ‘I Thought I’d Really Lose It’ Throughout a season of uncertainty for the Sixers, the star center has been the team’s unshakable anchor, remaining steadfast in his focus on bringing a championship to Philadelphia. (Sports Illustrated)