John Authers, Shelters Are Becoming Rare in This Market Storm
(Bloomberg, June 4, 2019)
The senior editor for markets observes that when it’s just Treasuries and gold that are working, we know conditions are tough. When wondering about what the shelters may be, he explains why some obvious choices (Japan, some commodities, EM debt…) won’t remain unscathed (reads in 4-5 min).
Please click here to read the article.
Brad Plumer, Companies See Climate Change Hitting Their Bottom Lines in the Next 5 Years
(The New York Times, June 4, 2019)
Plain and simple: a new analysis of companies disclosure reveals that many of the world’s biggest companies, from Silicon Valley tech firms to large European banks, are bracing for the prospect that climate change will substantially affect their bottom lines within the next five years. The effects are all-encompassing and wide-ranging – they are both negative (as one example, the cost to the world’s financial sector could reach $1.7-$24.2 trillion in net present value terms) and positive (with many opportunities linked to the shift to a low-carbon economy) (reads in 8-9 min).
Please click here to read the article.
Parag Khanna, Asia Is Where American Superpower Began. Is It Also Where It Ends
(Berggruen Institute, June 3, 2019)
The author of “The Future is Asian” argues that China is not replacing the US, but instead joining an already multipolar global system. He explains why the cardinal myth to discard is the notion that the world is undergoing a power transition from one global hegemon (America) to another (China). This proposition, he says, is as dangerous as it is unlikely (reads in 7-8 min).
Please click here to read the article.
Alexis Madrigal, The Coalition Out to Kill Tech as We Know It
(The Atlantic, June 4, 2019)
The Tech industry has many enemies, which this article enumerates. They are 15 of them, ranging from angry conservatives to disillusioned liberal tech luminaries. As the author argues, “with enemies like these, the industry is going to need some friends”. Despite dozens of millions spent annually in lobbying fees, this won’t be easy (reads in 6-7 min).
Please click here to read the article.
Scott Galloway, Want to be happy and successful? Don’t be an a***ole
(Fast Company, May 25, 2019)
This is a short article (reads in 5 min) adapted from “The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning” – a book written by the famous business school professor. He makes the case for criticizing people less and complimenting them more and explains why psychology research consistently shows that there is a correlation between gratitude and greater happiness.
Please click here to read the article.
