Monday morning news drop
The stock market can be an emotional roller coaster. It shouldn’t be. There’s how you think about investment risk — and then how you feel about it. (Vox)
Gen Z Knows What It Wants From Employers. And Employers Want Them. To tap into the creativity of younger workers, and to offset a labor shortage, companies are offering four-day weeks, club memberships and work-from-anywhere flexibility. (New York Times)
Bank of England Gives a Lesson in Honest Central Banking: Analytical directness and intellectual honesty from monetary policy makers are inspiring. (Bloomberg)
Blame History for Making Recession Calls So Hard: The National Bureau of Economic Research has been putting dates on downturns since 1929 — well before there was such a thing as gross domestic product (Bloomberg)
Does This Look Like a Recession To You? Things are very weird right now. Contradictions abound. All of the confusion results from turning the economy off and back on again. 2020 threw a wrench in everything. Everything. (Irrelevant Investor)
Londongrad is Falling Down: Inside London’s Struggle to Wean Itself From Russian Billions; Some say the uproar over sanctions unfairly targets elite U.K. citizens. Others are skeptical an oligarch diet can last. (Vanity Fair)
U.S. Likely Didn’t Slip into Recession in Early 2022 Despite Negative GDP Growth A recession is often defined as two consecutive quarters of economic contraction—declining real GDP. The nation’s GDP fell 1.6 percent on an annualized basis in first quarter 2022 and was followed by a 0.9 percent drop in the second quarter. (Dallas Federal Reserve)
Tales from the Thrifts: From savings-and-loan crooks to crypto hucksters (The Baffler)
Inside Hollywood’s Visual Effects Crisis: But no matter where they ply their trade, and despite the technology they have on hand, these artists can’t always fix everything they touch. And what they cannot fix becomes a problem for the consumer, who ends up getting lower-quality visual effects for their dollar. Audiences have been exposed to enough shoddy digital effects this century that the term “CGI” itself now implies poor craftsmanship. This problem is so widespread in Hollywood, not to mention accepted, that producers have their own acronym for effects work that passes muster for them but might not for audiences: a final approval note of CBB, for Could Be Better.
Who do we spend time with across our lifetime? In adolescence we spend the most time with our parents, siblings, and friends; as we enter adulthood we spend more time with our co-workers, partners, and children; and in our later years we spend an increasing amount of time alone. (Our World In Data)
