Whatever else happens, it’s pretty amazing that 10,000 workers struck a Fortune 100 company and got an immediate 10% raise and saved the pension for all new hires.
Private jets flying to COP26 in Glasgow will blast more CO2 than Scots pump out in a year
Buck the system: In Italy, old towns eager for new blood sell homes for about $1
Fortress, Wichita State U ensnared in Mammoth-Sequoia trade secret theft lawsuit
Google’s ad exchange handles more than 60% of display ad inventory sold in the U.S. The company’s own ad buying tools also win more than 80% of auctions hosted on its dominant exchange, unredacted passages state.
A structural change in the plumbing of the banking system is dampening the impact of monetary policy and may even make rate hikes inflationary. Rates hikes now directly increase the asset returns of banks while leaving their funding costs unchanged – effectively encouraging credit creation. This is because banks have shifted their funding structure away from rate sensitive money market funding to rate insensitive retail deposit funding. The shift is due both to Basel III raising the regulatory costs of money market funding and also the superabundance of retail deposits from pandemic fiscal spending. On the depositor side, the public is also unlikely to see the increases in deposit rates that would arise from a competition for funding. This means the opportunity cost of holding cash will remain low well into the hiking cycle. In this post we review the transition to an asset return implementation regime, show how it changes the incentive structure of banks, and suggest that rate hikes may not be effective in slowing down economic activity.
Chicken Checker See how often salmonella was found at the plant that processed your chicken or turkey
Crypto Cities
Google’s Street View helps us navigate the world, but it’s also a portal on forgotten places and secret moments
Generator-maker Generac set to buy smart thermostat startup Ecobee
The company recently said it would stop making new offers in its home-flipping operation for the remainder of the year. The decision came after the company tweaked the algorithms that power the business to make higher offers, leaving it with a bevy of winning bids just as home-price appreciation cooled off a bit.
Silicon Valley wants to power the U.S. war machine
Danish @Maersk orders 2 @BoeingAirplanes 777Fs. They will join subsidiary Star Air and are the first triple sevens in the 767-fleet.
Rumble setting up US headquarters in Florida.
The whole Payroll Support Program idea was to have the government pay employee salaries to enable some level of continuity once the pandemic finished. For 18 months the airlines didn’t have to worry about payroll costs, but they certainly did anyway. They all put out early retirement and voluntary leave programs and dramatically slashed employee numbers, and that upset is what is causing so much pain now.
“I have lived here all my life. I have been a commercial truck driver for last 25 years. I consider myself to be ‘blue collar,'” Durr’s campaign website reads. “I believe in God. I am hard working, trusting, and very loyal. I believe in fiscal responsibility, transparency, and lower taxes. I also support the Second Amendment. I am not a polish politician who is looking for a career; instead, I would like to see government return to the hands of the people.”
TLSNotary A new kind of auditing – cryptographic proof of online accounts
1/ The established order makes foresight taboo Every known political order in the past died off Yet the current order pretends to be “the last word…perhaps the only word” If people start thinking why and how the current system might expire, they’re less likely to play ball
1/ Zillow made the same mistake that every new quant trader makes early on: Mistaking an adversarial environment for a random one.
Here’s Why Rapid COVID Tests Are So Expensive and Hard to Find
In footage obtained by Human Events, the FBI appears to have taken aerial footage of Rittenhouse and the other participants involved in the shooting. Some of the footage, which is black-and-white and grainy, was shot from an FBI surveillance drone.
Why Your Car Will Become Even More Like an iPhone
All of this has caused deep concern within the profession. “I am a danger to the public working for CVS,” one pharmacist wrote in an anonymous letter to the Texas State Board of Pharmacy in April. Public officials and corporate executives have been hearing the complaints for years. But when things get really bad, the typical response from higher-ups for flagging morale is to… buy their pharmacists pizza. And that condescension from corporate executives and human resources officials is what finally lit the spark.
This paper examines the relation between CEO’s individualistic cultural background and corporate innovation. Using hand-collected data on birthplaces of US-born CEOs, we provide robust evidence that CEOs born in frontier counties with a higher level of individualistic culture promote innovation performance. Firms led by such CEOs increase both quantity and quality of innovation outputs, measured by the number of patents, citation-weighted patents and the market value of patents. Besides innovation performance, we further show that CEO’s individualistic background causes a change in the innovation style, leading the firm to focus more on breakthrough innovation. Our extended analysis suggests that CEOs’ individualistic background promotes corporate innovation through building an innovation-orientated corporate culture and accumulating human capital by increasing the inflow of inventors.
A new indictment continues the slow unraveling of a 2016 political scandal.
Individualistic CEO and Corporate Innovation: Evidence from U.S. Frontier Culture
Re-Organizing the World’s Information: Why we need more Boutique Search Engines
A series of under-the-radar local races signal where the country is really headed.
