10 Friday morning reading-big picture
My weekend morning
train WFH wrote:
• Regulatory Mystery: Investigation into the SEC v. Ripple case and its consequences for cryptocurrencies The rapidly expanding crypto business is attracting regulatory review by the US Securities and Exchange Commission (Fox Business)
• Covid Resilience ranked one-year winners and losers Past performance does not guarantee future success or failure (Bloomberg) But watch New COVID-19 variants with “horrible” mutations found in three countries Virologists warn of the dangers posed by the “horrible” new variant of COVID-19 first discovered in Southern Africa. This variant is currently named B.1.1.529 and has dozens of mutations, making it more likely to evade the protection provided by the vaccine. Scientists now worry that “very many” mutations may make it more spread than delta variants. (vice)
• Everyone moved to Texas.This is whyAs the Golden Gate closed, the lone star was beckoning. If you are looking for an affordable and economically vibrant city that is less likely to be damaged by climate change than many other US cities, our data shows why Texas is a new one Land of fertility. (New York Times)
• How Serena Williams made a huge social impact through venture capital Serena Ventures has more than 50 portfolio companies with a market capitalization of 33 billion U.S. dollars and 60% of diversified founder investments. By investing in mission-oriented companies, it is making waves in the venture capital world. (worth)
• This may finally be the last holiday shopping season for Sears and Kmart This Black Friday is likely to be the beginning of the last holiday shopping season for Sears and Kmart, the two brands that once dominated the US retail industry with pride. The two chains are just a shell of the holding company that owns the two companies when they recovered from bankruptcy less than three years ago. (CNN)
• Who is right about inflation? The Fed and consumers have very different expectations for the future. (Chicago Booth Review)
• Psychologists have found that triggering large prediction errors can help change false beliefs People are more likely to update their beliefs when they learn that there is a big gap between what they think is true and what they actually are, but when the gap is small, they are relatively less likely to update their beliefs . The research results show that the element of surprise can play a role in reducing the spread of misinformation. (Psychological post)
• New York City is building an oyster wall to withstand flooding Thousands of acres of underwater coral reefs once protected the city’s coastline. Now, a team of volunteers is bringing back the bivalves, one shell at a time. (City laboratory)
• Inflation misjudgment complicates Biden’s agenda Government officials overestimated the speed at which Americans began to spend money in restaurants and theme parks, and underestimated the number of people who wanted to order new cars and sofas. The appearance of Delta variants of the virus in summer and autumn slowed the rate of return to normal. Americans stay at home and continue to buy goods online, straining the global supply chain and causing the prices of almost everything in the economy to soar. (New York Times)
• What does the dog do and what does not understand Research shows that our canine friends cannot understand the meaning of our words without additional prompts-but they do learn to predict what we say (Wall Street Journal)
Be sure to check our Master of Business Meet with Steven Fradkin, president of Northern Trust Wealth Management, a division of the insurance giant, this weekend. The group manages $355 billion in assets and serves one-fifth of the wealthiest households in the United States. Fradkin served as Chief Financial Officer and Head of NT International Business.
Do people realize that immigration to the United States has been reduced by half since 2016?