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In media circles there is a popular, if disquieting, new phrase this month: "Selective news avoidance."
It comes from the newest edition of the annual Reuters Institute Digital News Report.
While most people "remain engaged and use the news regularly, we find that many also increasingly choose to ration or limit their exposure to it — or at least to certain types of news," the researchers wrote. And they cited a variety of reasons for doing so. READ MORE
Aside from, "You're on mute," "I quit" has likely become one of the most popular sayings in the US over the last two years. But while more people are returning to in-person meetings, quitting does not appear to be letting up. Indeed, an astounding 4.4 million people quit their jobs in April, and there are 11.4 million jobs waiting to be filled, according to the Bureau of Labor Statistics (BLS).
So why are so many workers quitting? Here are four factors driving the so-called "Great Resignation" — and what businesses have been doing to stem the tide. READ MORE
Prominent Wall Street economists like Mark Zandi, investing luminaries like ARK Invest's Cathie Wood and executives like JP Morgan Chase CEO Jamie Dimon can make recession predictions until they're blue in the face, but their guidance will remain just that — an economic forecast.
That's because, in the United States, the economy isn't broadly and officially considered to be in a recession until a relatively unknown group of eight economists says so. READ MORE
Education often biases us towards immediately trying to solve well-framed problems. An algebra test poses solvable algebra problems, and a physics test poses solvable physics problems. Real world problems are much more ambiguous — it may not even be clear that there is a problem to be solved. Even if it is, it may not be clear what sort of problem it is, it may not come with sufficient information to be solvable, or in some cases it may not be solvable as given. READ MORE
Raise your hand if this thought — an actual quote from a real-life CEO — crosses your mind a few times a day:
“I just want to go sit at the beach and do nothing.”
That’s what Andrew Formica, the 51-year-old chief executive of Jupiter Fund Management, told Bloomberg this week after he suddenly announced he’s leaving the $68 billion asset management fund after three years at the helm (and a long career in finance). READ MORE
Inspire your team. Deliver results. Keep costs under control.
Those have always been top responsibilities for leaders and managers at work. But their job duties have grown more time-consuming and complex thanks to the stress of the pandemic, searing political discord, urgent social justice issues, geopolitical earthquakes, the Great Resignation and now recession fears. READ MORE
A member of the Federal Communications Commission is renewing calls for Apple and Google to remove TikTok from their app stores, citing national security concerns surrounding TikTok’s Chinese-based parent company, ByteDance. READ MORE
It’s not yet clear if the US economy will ever return to its pre-pandemic status, Federal Reserve Chairman Jerome Powell said Wednesday at a central banker forum in Portugal.
“The economy is being driven by very different forces. What we don’t know is whether we’ll be going back to something that looks like, or a little bit like, what we had before,” Powell told a panel that included European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey. READ MORE
Economist Stephen Moore warned on Monday that the United States is already in a "soft recession," noting that the "real question" is now whether the Federal Reserve can achieve a soft landing. READ MORE
The repercussions of denying someone an abortion goes beyond just health. It can also lead to harmful financial outcomes for the individual.
On Friday, the Supreme Court voted to overturn Roe v. Wade, the landmark 1973 ruling which recognized abortion as a safe and legal procedure within the U.S. READ MORE
The U.S. Supreme Court’s decision to reverse Roe v. Wade will likely lead to abortion access being cut off in dozens of states. The historic ruling has captured national attention, and is pressuring business leaders to take a stance on women’s reproductive rights. READ MORE
It seems like "everybody" these days is saying we’re going into recession.
So: are they right?
I’ve covered the markets and the economy for four decades, and I can’t recall a time when more people — or at least prognosticators, economists, and bankers — were more certain that an economic downturn was imminent. READ MORE
Data brokers collect detailed information about who we are based on our things like our online activity, real world purchases and public records. Together, it’s enough to figure out your political leanings and health status, even if you’re pregnant. Friday’s news that the Supreme Court had overturned Roe v. Wade, and abortion could become illegal in at 13 states within a month, highlight concerns about ways these piles of information could be used. READ MORE
A GOOGLE engineer who says the tech giant has created a 'sentient AI child' is now claiming it could escape and do "bad things".
Engineer Blake Lemoine has been suspended by Google, which says he violated its confidentiality policies. READ MORE
A growing number of major corporations, including Alaska Airlines, Dick's Sporting Goods, JPMorgan, Lyft and Apple have pledged to cover travel expenses for employees seeking out-of-state abortions. READ MORE
It's been a year since what we now know as The Great Resignation began, but with inflation on the rise, more employees are quitting their lacking jobs in search of new and better opportunities.
Reddit user u/CasperTFG_808 recently asked, "What is your 'The beatings will continue until Morale improves' work story?" Here are a few horror stories from some employees who deserve much better: READ MORE
A few weeks ago my house had a septic-tank emergency, which is as awful as it sounds. As unspeakable things began to burble up from my shower drain, I did what any smartphone-dependent person would: I frantically Googled something along the lines of poop coming from shower drain bad what to do. I was met with a slew of cookie-cutter websites, most of which appeared hastily generated and were choked with enough repetitive buzzwords as to be barely readable. Virtually everything I found was unhelpful, so we did the old-fashioned thing and called a professional. The emergency came and went, but I kept thinking about those middling search results—how they typified a zombified internet wasteland. READ MORE
Ella Fitzgerald famously quipped, “It isn’t where you came from, it’s where you’re going that counts.”
The American crooner’s advice, it turns out, is appropriate not just for jazz singers but also for companies considering their valuations in the current economic climate.
Here’s how startups should be ascertaining their valuation in today’s market based on these timely words. READ MORE
SpaceX, Dish Network and other 5G providers are locked in a heated battle over radio frequencies, which SpaceX says it needs for its orbital internet service, Starlink, and which Dish says it needs for its own customers. READ MORE