My midweek morning form The WFH reads:
• The stock market is not as calm as it seems: Traders are raking in bets on volatility rising to an all-time high. (the wall street journal)
• Toughest tech cuts could lure new talent into asset management: Asset managers eye thousands of workers laid off by tech industry as asset management firms build their own capacity. (Investment Director)
• The uneven effect of remote work, in one list: This ranking of jobs by percentage working remotely also helps explain why the pandemic has left more scars in some areas. (Result)
• Eat your heart, Tesla. Mercedes-Benz could have the fastest electric vehicle yet. Yasa motors could be a major technological breakthrough, although they are based on principles established by Michael Faraday in 1821. Axial flux motors are used in CD players, but not currently in electric cars other than the Ferrari SF90 Stradale. The motors, notably thinner than standard radial flux motors, promise higher torque and power density, with less weight and bulk. A 250 horsepower motor could only weigh 52 pounds. Motors could be placed in the car’s wheel hubs, a goal for many automakers that has so far proven elusive in production. (Barrons)
• Real estate strategy “Extend and pretend” is running out of time: Rising interest rates and rising vacancy rates have brought the commercial real estate sector to the brink. (business week) but look New York owner Vornado bets $1 billion that more commuters will return: A real estate investor built around Penn Station in the hope that workers will commute to the transit center if the commute is easy. (the wall street journal)
• Reddit boss says he wants it to “grow”. Will his community let him? As the social media site matures, its users and moderators have made their dissatisfaction with the company’s changes known, putting the company in a bind. (New York Times)
• Everyone says social media is bad for teens. Prove it’s something else. Parents, scientists and the general practitioner are worried. But there isn’t even a common definition of what social media is. (New York Times)
• It’s Almost Like the House GOP Never Cared About Deficits After All: Unlike most types of government spending, every dollar spent on the IRS results in far more than a dollar going back into government coffers, especially when the IRS would use that funding to collect unpaid taxes. What those spending would do: The cuts proposed by the GOP specifically target IRS enforcement efforts. The Treasury Department projects that this latest GOP proposal to divert enforcement resources from the IRS would result in an $8.6 billion revenue loss, by limiting the agency’s ability to audit income tax payers. high and tax evaders. (Washington Post)
• How NFL Bad Behavior Poster Pacman Jones Intervened for His Late Teammate’s Family: After strip clubs and suspensions, after the man who drafted him sixth overall called him “nothing but an off-court disaster,” after two teams from the NFL dropped him, CFL decided he wasn’t worth the hassle and he missed out on what he thought was his last chance in professional football, Adam “Pacman” Jones stood at the inside the Paul Brown Stadium tunnel in Cincinnati, overweight and out of shape, his hamstrings screaming, his career in jeopardy and crying… (Athleticism)
• Harrison Ford is 80 years old. Here’s proof: Silver-haired stars are the new box office gold. Ford, Tom Cruise, Denzel Washington and more older actors are coming to a theater near you soon, again. They put a new twist on the term “old Hollywood”. (the wall street journal)
Be sure to check out our Masters in Business this week with Peter Borish, founding partner of Tudor Investments, where he was director of research for 10 years, working directly with Paul Tudor Jones. He was also President and CEO of Computer Trading Corp and Chief Strategist for Quad Group Quant Funds. Borish is also a founding director of the Robin Hood Foundationformed with Paul Tudor Jones in 1988.
“We estimate between $250 and $500 million in medical costs attributable to pickleball in 2023”
Source: @SamRo
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