Thursday morning news drop
The labour shortage isn't over — and employers are having to lower their hiring expectations Businesses are dropping some of their job requirements as they struggle to recruit the right candidates (CBC)
Behind the counter: how some Victoria restaurants are beating the labour shortage The industry-wide labour shortage is putting more power in the hands of the employees, and the restaurants that adapt are surviving. Part six of our labour series, Pay Check (Capital Daily)
Apple Makes It Easy to Work Remotely (Unless You Work for Apple) The company’s relatively inflexible remote-work policies are inspiring some employees to look elsewhere. Businessweek (Businessweek)
The Predictive Power of the Yield Curve: Even if the yield curve does predict a recession yet again you can’t predict: When the recession will happen. If/when the stock market will begin to fall. The magnitude of the recession and stock market correction. What the Fed will do in the meantime. (A Wealth of Common Sense)
Can Norway’s $1.3 Trillion Oil Fund Actually Give Up Oil? It’s hard to understate how big a shift this is. Ever since the first transfers were made in 1996, Norway has made a careful effort to keep the fund at arm’s length from political aims. It was conceived of as a national savings account to hedge against fluctuations in the price of oil. But from its inception, people feared it could be manipulated for political ends. They saw successive oligarchies in the Middle East grow rich on oil at the expense of their people. Experts warned Norway was being naive to expect that a democratic society could manage such a big cash flow in a sustainable way. (Institutional Investor)
The Hottest NFT Marketplace is Mostly Users Selling to Themselves LooksRare encourages users to trade via Looks token incentives Trading has effectively helped to mask the cooling NFT demand. (Bloomberg)
How Long Do Boosters Last? Here’s The Deal On Whether You Need Another One. Now that months have passed since getting boosted against COVID, you may be wondering if the shot is still protecting you. Here’s everything experts do — and don’t — know. (Buzzfeed)
What we can learn from people who take the Flat Earth theory seriously “Flat Earth enables people to cast out all previous information that they didn’t want to believe and rebuild the world from scratch.” (Grid)
Why People Are Acting So Weird: Crime, “unruly passenger” incidents, and other types of strange behavior have all soared recently. Why? (The Atlantic)
What Do Cities Lose When They Lose Pro Sports? In negotiations between the Oakland Athletics and city officials over the future of the A’s in Oakland, more is on the line than just baseball (Ringer)