10 Monday morning reading-big picture

I go back to work in the morning train WFH wrote:

GE and believe in management magic The disintegration of the American giant reveals a basic corporate truth: no strategy can eliminate decades of wrong decisions-or offset irreversible changes in business operations. (Wall Street Journal)

Who is going to encrypt? In an era of financial instability, it may be unethical to bet on stocks to save for retirement, but it is certainly rational. (Mother Jones)

Amazon’s Spinmasters: Behind the struggle between Internet giants and the media There was a time when Jeff Bezos cared little about public relations. But after years of increasingly hostile media coverage and more and more public scrutiny of Amazon, the company has begun to attack reporters. It even measures its PR team based on their corrections to the story. (information)

What is the cost of issuing a 50-year treasury bond? Compared with traditional 30-year bonds, the additional cost of introducing 50-year bonds may be small. Since the US fiscal deficit remains large, such long-term debt instruments can provide an attractive opportunity to finance growing debt in a sustainable manner. (Federal Reserve Bank of San Francisco)

How the richest man in the U.S. earned billions of dollars without selling stocks The average pledge size is US$427 million, and the total value of these pledged shares is US$239 billion. The Forbes 400 members made most of the pledges—that is, in terms of value. Musk’s commitment to Tesla alone accounted for 47% of the total value of the committed shares. (Forbes) You can also take a look Elon Musk on the list of $500 billion green billionaires The 15 billionaires ranked by Bloomberg Green demonstrated the explosive growth of electric vehicles, batteries and solar energy. (Bloomberg)

Renters who abandoned city apartments during Covid are returning to the crazy rental market As people return to urban life, rents in metropolitan areas have soared, and these areas have been hit hard by the pandemic outflow (Wall Street Journal)

A quiet scientific revolution that can solve chronic pain New science is rewriting books about chronic pain—and may make treatment more accessible. (New York Times)

Why philosophy needs myth: Some people think that Plato is a pure rationalist, others think that he is a fantasy myth maker. He cleverly used stories to tell a more complex story (Aeon)

Adherents of the Covid vaccine are succumbing to mandatory demands-and then scrambling to “withdraw” their vaccine With the spread of authorization, anti-vaccine groups have been selling pseudo-scientific treatments designed to remove or offset vaccines. Experts say this is like trying to “ring the alarm bell.” (NBC News)

Do you know how the Beatles ended?Peter Jackson might change your mindThe director’s three-part documentary “Get Back” explores the most controversial period in the band’s history and reveals that there are still many controversies. (New York Times)

Be sure to check our Master of Business Meet Robin Wigglesworth, the global financial correspondent of the Financial Times in Oslo, Norway, next week. He focuses on reshaping market and investment trends, from technological disruption to quantitative investment.His new book is Trillions: How a group of Wall Street traitors invented index funds and changed finance forever.

U.S. cannabis is growing rapidly

source: @shopzilla

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