Jamie Dimon just used one of Warren Buffett’s most famous quotes to warn about higher-for-longer interest rates | Women want ‘lazy girl jobs’ because they're significantly more burned out than men, Gallup finds | Canadians are starting to sour on migration | How the rapid growth of virtual wards is helping the NHS

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Jamie Dimon just used one of Warren Buffett’s most famous quotes to warn about higher-for-longer interest rates - Fortune

While many on Wall Street are crowing about the end of Fed rate hikes, Jamie Dimon remains unconvinced.

The CEO of JPMorgan Chase said Fed chairman Jerome Powell’s current pause on increases to the base rate shouldn’t be taken as gospel that the only way is down, saying there’s anywhere between 25 to 75 basis points higher the Fed could go.

The leader of America’s biggest bank steered clear of throwing down the gauntlet and making an official prediction—instead he told Yahoo Finance he was merely assessing all options to make sure the business was ready to adapt.

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Women want ‘lazy girl jobs’ because they're significantly more burned out than men, Gallup finds - Fortune

Women pursuing “lazy girl jobs”—one with minimal stress and decent pay—are anything but lazy. Rather than shirking hard work, new research has found that they are actually just trying to escape burnout.

In fact, while men have become less burned out as bosses force workers to return to pre-pandemic norms, women are still feeling drained.

Gallup surveyed over 18,000 workers and found that 33% of women are almost always burned out, right now. Just a quarter of men feel the same.

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Canadians are starting to sour on migration - The Economist

An aphorism about Canada is that it has too much geography and not enough history. Immigration has long been seen as the solution to both problems in the country’s century-and-a-half of existence. Canadians, who tend to think of themselves as pro-migrant, have broadly agreed that bringing in immigrants would improve the country’s economic growth and help fund the country’s generous social programmes as its population ages. Similarly, by making the country more diverse, migrants boost its culture, too.

That consensus is now starting to fray. For the first time in decades, the number of Canadians who want to take in fewer immigrants is increasing: it jumped from 34% in March to 53% in September, according to one poll. In another survey 44% of those asked either strongly or somewhat agreed with the statement “there is too much immigration to Canada,” compared with 27% last year.

What has caused this? Partly it comes down to the fact that a post-pandemic backlog in migration has turned into a deluge. For the year ending July 1st 2023, more than 1m newcomers arrived in Canada, edging the population over 40m. That was the highest annual population-growth rate, at 2.9%, since 1957. Statistics Canada, the usually sober statistical agency, announced it was “cause for celebration”.

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How the rapid growth of virtual wards is helping the NHS - The Economist

There is never going to be one answer to the problems of the National Health Service (NHS). But by preventing admissions to hospital in the first place, or enabling an earlier discharge date, virtual hospital wards promise to offer a practical solution to shortages of real beds.

Virtual wards is a fancy term to describe low-risk patients who are monitored at home. Patients are given electronic doodads—blood-pressure cuffs, thermometers, oximeters—so that hospital staff can collect data about their health in real time. They are not new but their roll-out accelerated during the pandemic. Given the approach of both winter and an election, the pace is not letting up. The NHS in England reached 10,000 virtual beds this autumn—actual beds total about 140,000—and wants to have 24,000 of them by the end of next year. During one period this summer, 14 beds were being added daily, says Ben Horner of Boston Consulting Group.

Hertfordshire Community NHS Trust runs its virtual ward, with help from a tech firm called Doccla, from a nondescript office building on the edge of Stevenage. It looks like a call centre, except that nurses, doctors and pharmacists are the ones sitting in front of screens. These display lists of patients alongside their vital signs, such as pulse rate, oxygen saturation, blood pressure and temperature. The measurements taken depend on what kind of ward it is. Virtual wards today are often for geriatric or respiratory patients. But their use in cardiology and other areas is growing.

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