Monday morning news drop
Bosses say remote work kills culture. These companies disagree. Some business leaders worry remote options could destroy their company culture. But companies that have operated remotely for years say culture doesn’t come from a physical office. (Washington Post)
Global Bonds Tumble Into Their First Bear Market in a Generation: Bloomberg bond index drops 20% from its January 2021 peak A new environment as bonds fall with stocks: Schroders’ Wood (Bloomberg)
Yield is Back You can’t exactly move to the beach and live off the interest on yields of 2-3% but it’s better than nothing, which is what savers could earn the past couple of years in a world of 0% interest rates. (Wealth of Common Sense)
What Does ESG Need to Work? High returns for investors. Our author argues that a different approach to ESG can strike a better balance between environmental and social goals and profits. (Institutional Investor)
Wages and Employment Do Not Have To Decline To Bring Down Inflation: To lower inflation, policymakers must continue using fiscal policy to focus support to struggling households, improve the economy’s productive capacity, create more resilient supply chains, and limit the profiteering of corporations. (CAP)
Porsche Boss Faces Software Woes Keeping VW a Step Behind Tesla Herbert Diess tried to match the electric-car maker’s tech prowess. New CEO Oliver Blume now has more chasing to do. (Bloomberg)
This Remote Mine Could Foretell the Future of America’s Electric Car Industry: Hiding a thousand feet below the earth’s surface in this patch of northern Minnesota wetlands are ancient mineral deposits that some view as critical to fueling America’s clean energy future. (New York Times)
NASA’s latest moon mission is the dawn of a new space age: A new NASA rocket is about to take off on a historic mission to the moon. The Artemis I mission won’t land on the lunar surface, but the trip itself will be the farthest a vehicle designed for human astronauts has ever traveled into space. (Vox)