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TradeBriefs Editorial

From the Editor's Desk

The Most Common Type of Incompetent Leader - Harvard Business Review (No paywall)

The popular media is full of examples of bad leaders in government, academia, and business. But the most common kind of incompetent leader isn’t the ranting, narcissistic sociopath that might immediately come to mind. Rather, it’s the “absentee leader” — those in leadership roles who are psychologically absent from them. These people were promoted into management, and enjoy the privileges and rewards of a leadership role, but avoid meaningful involvement with their teams. Absentee leaders kill engagement and productivity. Research shows that being ignored by one’s boss is more alienating than being treated poorly, and that the impact of absentee leadership on job satisfaction outlasts the impact of both constructive and more overtly destructive forms of leadership. The chances are good, however, that your organization is unaware of its absentee leaders, because they specialize in flying under the radar by not doing anything that attracts attention. Nonetheless, the adhesiveness of their negative impact may be slowly and silently killing your organization.

A young friend recently remarked that the worst boss he ever had would provide him with feedback that always consisted of “You’re doing a great job.” But they both knew it wasn’t true — the organization was in disarray, turnover was excessive, and customers were not happy. My friend was giving it his all, but he needed more support and better feedback than he received. He wanted a leader who would be around when he needed them, and who would give him substantive advice, not platitudes. As a measure of his frustration, he said, “I would rather have had a boss who yelled at me or made unrealistic demands than this one, who provided empty praise.”

Continued here


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Opinion | And the Award for Best Performance at the State of the Union Goes to …  
  

Opinion | And the Award for Best Performance at the State of the Union Goes to …
Bret: Not me. The top one percent already contribute about 40 percent of the overall federal income tax take. And if Biden were running against anyone but Trump, I’d be much more critical of some of the policy particulars of the speech. I also think he missed the opportunity to announce some needed executive actions, like sending troops to the southern border or seizing Russia’s frozen foreign assets and giving the money to Ukraine.


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Emma Stone and Lily Gladstone: Best Actress Award at Oscars Stirs Mixed Feelings  
  

Emma Stone and Lily Gladstone: Best Actress Award at Oscars Stirs Mixed Feelings
Even Emma Stone didn’t seem to believe it when her name was called on Sunday as the winner of the 2024 Academy Award for Best Actress. “I think I blacked out. I was very shocked,” Stone, who was recognized for her captivatingly melodramatic performance in Poor Things, told reporters after the ceremony.






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Billie Eilish Becomes the Youngest Two-Time Oscar Winner  
  

Billie Eilish Becomes the Youngest Two-Time Oscar Winner
Billie Eilish became the youngest two-time Oscar winner at the age of 22 at the Academy Awards on Sunday night. Eilish, along with her brother Finneas O'Connell, won the Academy Award for best original song for the power ballad, “What Was I Made For?” from the blockbuster Barbie.


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Iran's New Wave of Political Conservatives Is Here - Foreign Policy (No paywall)  
  

Iran's New Wave of Political Conservatives Is Here
Analysis: Iran’s New Wave of Political Conservatives Is Here




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How Deep Does Corruption Run in Ukraine? - Foreign Policy (No paywall)  
  

How Deep Does Corruption Run in Ukraine?
Argument: How Deep Does Corruption Run in Ukraine?


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From stars to CEOs: Connie Britton, Lena Waithe, and Reese Witherspoon are among the stars upending Hollywood's gendered power structures - Fortune (No paywall)  
  

From stars to CEOs: Connie Britton, Lena Waithe, and Reese Witherspoon are among the stars upending Hollywood's gendered power structures
The Emmy-nominated actress and producer has a string of iconic credits, including starring roles in The White Lotus, Friday Night Lights, and Nashville. Well-connected in Hollywood and beyond (Barack Obama once declared himself a Britton fan), she is a venture investor, a Dartmouth board member, and a United Nations Goodwill Ambassador. 




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CNBC Daily Open: Conflicting signals on U.S. jobs market   
  

CNBC Daily Open: Conflicting signals on U.S. jobs market
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.


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Gold prices could keep climbing — but analysts expect silver to steal the show before long  
  

Gold prices could keep climbing — but analysts expect silver to steal the show before long
A record-breaking rally for gold may yet continue, particularly as investors position for interest rate cuts — but analysts say silver appears well placed to outshine the yellow metal in the second half of the year.


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Stop Rinsing Your Teeth With Water After Brushing. We'll Explain Why  
  

Stop Rinsing Your Teeth With Water After Brushing. We'll Explain Why
Our wellness advice is expert-vetted. Our top picks are based on our editors’ independent research, analysis, and hands-on testing. If you buy through our links, we may get a commission. Reviews ethics statement




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Mexico-bound plane lands in L.A. in 4th emergency this week for United Airlines  
  

Mexico-bound plane lands in L.A. in 4th emergency this week for United Airlines
SAN FRANCISCO — A United Airlines jetliner headed to Mexico City from San Francisco made an emergency landing in Los Angeles on Friday after the crew reported a hydraulics issue, in the fourth emergency involving a United Airlines flight this week.


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Google Bard asked Bill Nye how AI can help avoid the end of the world. Here's what 'The Science Guy' said  
  

Google Bard asked Bill Nye how AI can help avoid the end of the world. Here's what 'The Science Guy' said
You may not know this, but Bill Nye, "The Science Guy," has professional experience overseeing new and potentially dangerous innovations. Before he became a celebrity science educator, Nye worked as an engineer at Boeing during a period of rapid changes in aviation control systems and the need to make sure that the outputs from new systems were understood. And going all the way back to the days of the steamship engine innovation, Nye says that "control theory" has always been a key to the introduction of new technology.




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A plan to bring down drug prices could threaten America's technology boom - MIT Technology Review (No paywall)  
  

A plan to bring down drug prices could threaten America's technology boom
During my 30 years in MIT’s Technology Licensing Office, I witnessed this transformation firsthand, and I know it was no accident. Much of it was the direct result of the Bayh-Dole Act, a bipartisan law that Congress passed in 1980. 


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Biden's 2025 budget marries progressive tax hikes with populist campaign planks  
  

Biden's 2025 budget marries progressive tax hikes with populist campaign planks
\"President Biden is fed up with corporate practices that unfairly raise costs for consumers,\" National Economic Council Director Lael Brainard told reporters last week. \"And he\'s taking action.\"




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Buyers mis-sold holiday caravans as full-time homes  
  

Buyers mis-sold holiday caravans as full-time homes
It said: \"Many thousands of people buy a holiday caravan or residential park home each year - the vast majority of whom have a positive experience, and go on to enjoy all the holiday and lifestyle benefits that come with ownership.\"


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Opinion | ‘Oppenheimer,’ My Uncle and the Secrets America Still Doesn’t Like to Tell  
  

Opinion | ‘Oppenheimer,’ My Uncle and the Secrets America Still Doesn’t Like to Tell
Richard enlisted in 1946. He was a 16-year-old Black kid in a still-segregated Army, but it got him from East St. Louis to Germany. While there, he got permission to attend a music training program in Dachau, of all places, led by members of the Berlin Philharmonic. It changed his life. Over the next decades he performed for heads of state, led ticker-tape parades through Manhattan and made numerous appearances on “The Ed Sullivan Show.”




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US man linked to Wieambilla shootings claims right to own guns despite criminal history  
  

US man linked to Wieambilla shootings claims right to own guns despite criminal history
Sands last week said Day should not face trial for allegedly possessing a shotgun with an illegally shortened barrel as it was similar to the type of weapons popular in the US when its constitution was drafted in 1787.


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Cult leader William Kamm and partner arrested in Sydney over alleged child grooming  
  

Cult leader William Kamm and partner arrested in Sydney over alleged child grooming
In Australia, children, young adults, parents and teachers can contact the Kids Helpline on 1800 55 1800, or Bravehearts on 1800 272 831, and adult survivors can contact Blue Knot Foundation on 1300 657 380. In the UK, the NSPCC offers support to children on 0800 1111, and adults concerned about a child on 0808 800 5000. The National Association for People Abused in Childhood (Napac) offers support for adult survivors on 0808 801 0331. In the US, call or text the Childhelp abuse hotline on 800-422-4453. Other sources of help can be found at Child Helplines International


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TSMC Reclaims Spot in World's 10 Most Valuable Companies After Stock Rallies to Record  
  

TSMC Reclaims Spot in World's 10 Most Valuable Companies After Stock Rallies to Record
The options market showed that investors remain bullish over TSMC’s American Depository Receipts. The put-to-call ratio dropped to a one-month low, suggesting options traders have been buying more bullish contracts than bearish ones even as its shares kept hitting fresh highs, according to Bloomberg-compiled data based on open interest.


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Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4%  
  

Japan averts technical recession as revised fourth-quarter data shows economy grew 0.4%
Hopes for an upward GDP revision were boosted after Ministry of Finance data released last Monday showed capital expenditure rose 16.4% in the fourth quarter from a year earlier, and 10.4% on a seasonally adjusted quarterly basis.


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Fifty people treated after 'technical problem' caused 'strong movement' on Latam flight from Sydney  
  

Fifty people treated after 'technical problem' caused 'strong movement' on Latam flight from Sydney
"Latam regrets the inconvenience and injury this situation may have caused its passengers, and reiterates its commitment to safety as a priority within the framework of its operational standards."


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Biden Budget Will Underscore Divide With Republicans and Trump  
  

Biden Budget Will Underscore Divide With Republicans and Trump
Later in the speech, in a call-and-response with Democrats in the chamber, Mr. Biden added: “Folks at home, does anybody really think the tax code is fair? Do you really think the wealthy and big corporations need another $2 trillion tax break? I sure don’t. I’m going to keep fighting like hell to make it fair.”


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In Death Penalty Cases, a Texas Court Tests the Supreme Court’s Patience  
  

In Death Penalty Cases, a Texas Court Tests the Supreme Court’s Patience
“The C.C.A. has a remarkable history of treating Supreme Court opinions as optional guideposts rather than the commands of a higher tribunal,” he said. “It often remains committed to reasoning that the Supreme Court has implicitly or even explicitly rejected. And the Supreme Court on more than one occasion has had to exercise jurisdiction multiple times in the same case, not merely to clarify a point of federal constitutional law, but to reaffirm the hierarchy of courts in our federal system.”


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For This Rookie Judge, a Pivotal Decision Looms in the Georgia Trump Case  
  

For This Rookie Judge, a Pivotal Decision Looms in the Georgia Trump Case
Barely on the court for a year, the even-keeled Judge McAfee hews to textualism, a common judicial philosophy that follows the law as written rather than divining intent. During the Trump case, he has kept things moving and done what he can to lower the temperature.


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Currys: Elliot pulls out of takeover bid for UK retailer  
  

Currys: Elliot pulls out of takeover bid for UK retailer
The rising cost of living in the past couple of years has hit many retailers as consumers cut back on spending, and Currys said last month that underlying sales had fallen 3% over the key Christmas trading period.


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Is Gulf-backed bid for Telegraph 'effectively dead'?  
  

Is Gulf-backed bid for Telegraph 'effectively dead'?
Redbird IMI has recruited former chancellor George Osborne as an adviser. It is thought his primary role was to try to help get the original deal over the line, but as a partner at investment banking boutique Robey Warshaw, he would be in a prime position to assist with a disposal.


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When Canceling Your Reservation Costs as Much as Dinner  
  

When Canceling Your Reservation Costs as Much as Dinner
According to data from the reservation service Resy, 17 percent of the U.S. restaurants on the platform charged at least one cancellation fee in January, up from 13 percent a year earlier and 4 percent in January 2019. The practice was even more widespread in big metropolitan areas: A quarter of New York restaurants on Resy charged at least one cancellation fee in January, as did one-fifth of restaurants in Los Angeles and Miami.


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William Whitworth, Revered Writer and Editor, Is Dead at 87  
  

William Whitworth, Revered Writer and Editor, Is Dead at 87
At The New Yorker, he injected wit into pensive “Talk of the Town” vignettes. He also profiled the famous and the not so famous, including the jazz greats Dizzy Gillespie and Charles Mingus (accompanied by photos from his former Herald Tribune colleague Jill Krementz) and the foreign policy adviser Eugene V. Rostow. He expanded his profile of Mr. Rostow into a 1970 book, “Naïve Questions About War and Peace.”


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Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies  
  

Automakers Are Sharing Consumers’ Driving Behavior With Insurance Companies
According to the report, the trip details had been provided by General Motors — the manufacturer of the Chevy Bolt. LexisNexis analyzed that driving data to create a risk score “for insurers to use as one factor of many to create more personalized insurance coverage,” according to a LexisNexis spokesman, Dean Carney. Eight insurance companies had requested information about Mr. Dahl from LexisNexis over the previous month.


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Surprise: An ‘Extraterrestrial’ Gadget Was Something More Familiar  
  

Surprise: An ‘Extraterrestrial’ Gadget Was Something More Familiar
No, it was an ordinary truck, like a normal truck driving past a seismometer. Not being seismologists, the Loeb team may have misunderstood the data. In reality, all they did was find a truck.


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With an Orange-Tufted Spiderhunter, Birder Breaks Record for Sightings  
  

With an Orange-Tufted Spiderhunter, Birder Breaks Record for Sightings
When the bird appeared, Mr. Kaestner had no doubt about what it was: an orange-tufted spiderhunter, a banana-loving songbird with a sinisterly down-curved bill. Documenting the sighting with a photograph made Mr. Kaestner the first birder to reach 10,000 species, a momentous achievement once considered unreachable. “The number of people that helped over the years was extraordinary,” Mr. Kaestner said.


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Overdose or Poisoning? A New Debate Over What to Call a Drug Death.  
  

Overdose or Poisoning? A New Debate Over What to Call a Drug Death.
“If I tell someone that my child overdosed, they assume he was a junkie strung out on drugs,” said Stefanie Turner, a co-founder of Texas Against Fentanyl, a nonprofit organization that successfully lobbied Gov. Greg Abbott to authorize statewide awareness campaigns about so-called fentanyl poisoning.


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Navigating Israeli Restrictions, Many Palestinians Find It Hard to Reach Al Aqsa  
  

Navigating Israeli Restrictions, Many Palestinians Find It Hard to Reach Al Aqsa
The Israeli police said that people were “entering after enhanced security checks that are conducted due to the current reality, alongside efforts to prevent any disturbances.” But they did not answer specific questions about whether there was a policy preventing certain worshipers, especially young men, from entering the mosque on Friday.


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Ukrainian Director Says He’d Rather Have No Oscar and No War  
  

Ukrainian Director Says He’d Rather Have No Oscar and No War
“We can make sure that the history record is set straight and that the truth will prevail and that the people of Mariupol and those who have given their lives will never be forgotten,” he said.


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Oscars’ In Memoriam Segment Honors Aleksei Navalny, Among Film Greats  
  

Oscars’ In Memoriam Segment Honors Aleksei Navalny, Among Film Greats
Taking a moment to recognize those in the film industry who have died since the previous Oscars ceremony, the telecast also paid tribute to stars such as Harry Belafonte, the barrier-breaking performer and activist, and Chita Rivera, the Broadway star who also appeared in films, as well as filmmakers such as Norman Jewison, the lauded director behind “In the Heat of the Night,” “Fiddler on the Roof” and “Moonstruck.”


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How the Wait for Olympic Medals Became an Endurance Sport  
  

How the Wait for Olympic Medals Became an Endurance Sport
All three cases have highlighted longstanding concerns about the inability of international sports officials to balance the imperatives of clean sport and fair play with providing justice to deserving athletes in a timely manner. The reasons are varied — vulnerabilities in testing; a lack of uniform international commitment in the antidoping system; an often lengthy appeals process — but the consequences are personal.


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Opinion | Three Steps That Biden Needs to Take This Spring  
  

Opinion | Three Steps That Biden Needs to Take This Spring
Biden can’t count on the courts to stop Trump (the Supreme Court ruled Monday that Trump can remain on the ballot in Colorado and elsewhere this year), and he can’t count on more people to give him credit on the economy. Just as he flipped the script on Super Tuesday in 2020 and got people to start seeing him as a winner, he will need to go on offense in the face of polls and doubters about his abilities. This week will be a big test of whether he can still go the distance.


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‘Strong Movement’ on Flight to New Zealand Leaves Dozens Injured  
  

‘Strong Movement’ on Flight to New Zealand Leaves Dozens Injured
Natasha Frost writes The Times’s weekday newsletter The Europe Morning Briefing and reports on Australia, New Zealand and the Pacific. She is based in Melbourne, Australia. More about Natasha Frost


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British retailer Currys drops 10% after U.S. investment firm Elliott pulls out of takeover race  
  

British retailer Currys drops 10% after U.S. investment firm Elliott pulls out of takeover race
The U.S. investment firm, via its affiliate Elliott Advisors, said Monday that following \"multiple attempts to engage with Currys\' Board, all of which were rejected,\" it was not making an improved offer for the U.K. company.


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News agencies retract image of Princess of Wales and children on manipulation concerns  
  

News agencies retract image of Princess of Wales and children on manipulation concerns
The image and the social media post were her first message since then, and were viewed by some as a response to social media speculation about her whereabouts and health. Her office earlier this month said it would only provide \"significant updates.\"


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'Do I regret it? No': AirAsia's Tony Fernandes discusses viral topless LinkedIn post   
  

'Do I regret it? No': AirAsia's Tony Fernandes discusses viral topless LinkedIn post
\"That\'s going to enable us to create a long-range, medium-haul low-cost carrier that can span 10 hours ... So it means that dream of having a narrow-body to take you around the world, as opposed to a wide-body which is much more expensive,\" Fernandes said.


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Paris has hiked parking charges on SUVs. Now cities like London are taking note  
  

Paris has hiked parking charges on SUVs. Now cities like London are taking note
She explained that London\'s Lambeth Council had introduced emissions-based charging last year and that the next step would looking at fees based on size. \"It just feels wrong that in a city, that you have these massive vehicles,\" Chowdhury said.


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Police investigate reports patrons performed Nazi salute in Melbourne cinema  
  

Police investigate reports patrons performed Nazi salute in Melbourne cinema
He continued: “Right now we stand here as men who refute their Jewishness and the Holocaust being hijacked by an occupation which has led to conflict for so many innocent people, whether the victims of October 7 in Israel or the ongoing attack in Gaza.”


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Russia-Ukraine war live: Zelenskiy attacks 'virtual mediation' after pope says Kyiv should 'raise white flag'  
  

Russia-Ukraine war live: Zelenskiy attacks 'virtual mediation' after pope says Kyiv should 'raise white flag'
A visit by France's president, Emmanuel Macron, to Ukraine to visit Volodymyr Zelenskiy has been postponed, the third time a planned trip to the country has been pushed back since February. "The two heads of state agreed to remain in close contact, notably regarding the president's visit to Ukraine, which should happen in the coming weeks," the French presidency said after the two leaders spoke by phone earlier on Sunday.




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