10 Thursday morning reading-big picture


My morning train WFH wrote:

The most lucrative profit since 1950 debunks the CEO’s salary inflation storyIn the second year of the pandemic that started with the elimination of 20 million jobs, American workers performed surprisingly well. It’s just that American companies do better. In the past two quarters, American companies outside of the financial industry announced their highest profit margins since 1950-one of the reasons the stock market continues to hit record highs. (Bloomberg)

The other side of fanaticism On the other side of every craze is the reality of weighing machines. It’s always there, lurking in the background, but in the parabolic, emotionally driven progress, nothing is more insignificant than this. In the past year, we have seen this story unfold in one fanaticism after another. As long as humans and their emotions participate in the market, we will see more in the coming years. (Compound consultant)

Old truck for new money The desire for beautiful old trucks is a national phenomenon. According to data from the collection car insurance company Hagerty, the price of vintage trucks has risen by more than 50% in the past four years, which is 20% higher than the overall price of the vintage car market. This trend was already evident before the current shortage of microchips caused the price of used cars to soar. (New Yorker)

The weak recovery of the U.S. shale patch is a problem in the post-COVID oil market: U.S. tight oil production is clearly lagging behind the price recovery, which is worrying in the period after OPEC+ has completed its scheduled COVID-era production reduction easing policy (Commodity background)

What exactly did Uber’s spies do A former colleague accused these people of eavesdropping on colleagues, invading foreign governments and stealing trade secrets. This is not true, but the accusations still follow them. (New York Times)

Twitter has a new CEO; what about the new business model? What makes Twitter such a confusing company is that the company’s cultural impact so significantly exceeds its financial performance; Twitter’s $1.3 billion in revenue last quarter accounted for 4.4% of Facebook’s $29 billion, but you can prove— —I believe — Twitter’s overall impact on the world is as great as its huge counterparts, if not greater. (strategy)

What deals are there in the Instagram corner where fake celebrity accounts provide inspirational quotes? There have been many strange accounts that target brilliant, misattributed suggestions in the hope of becoming scammers. Does it make sense? (Inner hook)

The pros and cons of sleeping with pets Studies have shown that animals can improve our mental health; for example, studies have shown that human-animal interaction can reduce depression while reducing the level of the stress hormone cortisol. But there may be a problem…(Washington post)

Republicans are quietly manipulating election maps to ensure permanent rule The state of Ohio over the past decade shows how bad it will get—and how quickly. Although voters in the state often sway the Democratic Party, 75% of Congress representatives are Republicans (protector)

The newly liberated pop princess Britney Spears: In November, five months after the June hearing, Spears said she felt like a prisoner in court-ordered custody. Her father supervised it for nearly 14 years and the judge dismissed it. (Work Week)

Be sure to check our Master of Business interview This weekend with John Doerr of Kleiner Perkins. Doerrr supports some of the most successful technology startups, including Compaq, Netscape, Symantec, Sun Microsystems, Amazon.com, Intuit, Macromedia, and Google.He is also the author of a best-selling book Measure the important things; His latest book is Speed ??and scale: an action plan to immediately resolve the climate crisis.

Bank savings increased in two years

source: Bloomberg

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