Monday morning news drop
Where have all the workers gone? Don't blame COVID, economists say Boomers are exiting the workforce in droves, leaving more job vacancies than there are people to fill them (CBC)
A New Bull Market Can’t Start Until Investors Give Up For a new cycle to begin, people who bet on the market need to capitulate. Problem is, they’ve forgotten what that feels like. (Wall Street Journal)
‘A bigger paycheck? I’d rather watch the sunset!’: is this the end of ambition? From high-flyers quitting their jobs to Beyoncé singing about work-life balance, people are recalibrating their lives and relationships to their jobs. What’s changed? (The Guardian)
What is happening with the housing market? Why big interest rate hikes are scrambling an already strange real estate landscape. The housing market is the most confusing it’s ever been. (Grid)
Copious Corporate Cash May Not Be So Great, After All Touted as a bulwark against recession, it could draw down quickly—and it is concentrated at a few big companies. (Chief Investment Officer)
China’s debt bomb looks ready to explode Many warning signs suggesting that a debt reckoning is imminent (Nikkei)
Pioneering Economist Says Our Obsession With Growth Must End: But what about the counterintuitive possibility that our current pursuit of growth, rabid as it is and causing such great ecological harm, might be incurring more costs than gains? (New York Times)
Traffic Jam at 400 Feet: How to Keep the Drone Age From Becoming an Epic Traffic Jam in the Sky. NASA and the FAA are preparing to revolutionize air traffic control for the drone era. (Businessweek)
The Jewish Deli: An American Tale Told in Pickles and Pastrami “I’ll Have What She’s Having,” a traveling exhibit on the Jewish delicatessen, looks back at a vibrant institution fueled by immigration and irresistible food. (New York Times)