The top 25 stories curated by editors and fellow readers!
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When Money Is Abundant, Knowledge Is The Real Wealth LessWrong By and large, the President of the United States can order people to do things, and they will do those things. POTUS is often considered the most powerful person in the world. And yet, the president cannot order a virus to stop replicating. The president cannot order GDP to increase. The president cannot order world peace.
Are there orders the president could give which would result in world peace, or increasing GDP, or the end of a virus? Probably, yes. Any of these could likely even be done with relatively little opportunity cost. Yet no president in history has known which orders will efficiently achieve these objectives. There are probably some people in the world who know which orders would efficiently increase GDP, but the president cannot distinguish them from the millions of people who claim to know (and may even believe it themselves) but are wrong.
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WorkWarren Buffett Sells More BofA Shares, Reaping $982 MillionThe string of sales signals Buffett’s biggest pullback from an investment that long served as a stamp of approval on the leadership of Bank of America Chief Executive Officer Brian Moynihan, whom the 93-year-old investor has repeatedly praised in public. Work
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WorkWorkSmall Businesses Seek FTC Help With Fake Reviews Problem - Inc.com (No paywall)But fake reviews and testimonials have been a persistent problem for small businesses, many of whom rely on recommendations for business. Fake reviews can make it harder for people to trust what they read online and ultimately hurt businesses. In addition, small businesses can find themselves targeted by bad actors who leave negative reviews.
Work4 Warning Signs of Ethical Burnout on Your Team - Harvard Business Review (No paywall)High stress at work can destabilize people’s ethical compass, putting them at heightened risk of ethical lapses. When employees focus solely on achieving their targets, deadlines, or personal financial goals at the expense of ethical considerations — when doing the right thing feels burdensome compared to seemingly less-costly shortcuts — they can teeter on “ethical burnout.” To prevent this, it’s crucial to spot the signs and root out the contributing forces early. The authors present four warning signs that your employees may be heading toward ethical burnout — and strategies to counteract these forces before it’s too late. Work WorkWorkWorkWorkLast Crusade of Mexico's President: A Drastic Redesign of the JudiciaryThousands of judges and court workers around the country have gone on strike in protest, and the U.S. ambassador last week called Mr. López Obrador’s push in the final weeks of his six-year term “a major risk to the functioning of Mexico’s democracy,” provoking a diplomatic spat between the two nations over the wisdom of the proposals, and whether the United States should be weighing in at all. WorkDid You Even Go to the U.S. Open if You Didn't Get a Hat?Each hat costs $40, a steep price for fans who may also be balancing the cost of tickets and the tournament’s other marquee accessory, the $23 Honey Deuce cocktail. But many consider the bragging rights worth it: More than 200,000 U.S. Open hats are expected to be sold this year, said Mary Ryan, the senior director of merchandise and licensing for the United States Tennis Association. WorkBiden ordered Gaza pier to be built despite concerns from US development agencyA US official said the USAid staffer concerns about the project undercutting overall aid efforts were raised early in the process. USAid responded by adding enough staffing for the agency to address both the pier and the land routes simultaneously, said the official, who spoke on condition of anonymity because they were not authorised to publicly discuss the matter. WorkIndia's VerSe buys Valueleaf to boost digital marketing | TechCrunchVerSe’s revenue grew by 57% to $130 million in the financial year 2023, with its burn reduced by 34% to $172 million from $261 million in 2022. Without disclosing the latest numbers, Bedi said the startup saw a “massive double-digit growth on the top line, and burn has come down more than half to triple-digit crores” last year. WorkWarren Buffett Has More Money Invested in This Than He Does Apple, AmEx, Bank of America, Coke, Chevron, and Oxy CombinedAmerican Express is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Keith Speights has positions in Apple, Bank of America, Berkshire Hathaway, and Chevron. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, and Chevron. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. WorkThe Election-Interference Merry-Go-Round - The New Yorker (No paywall)In October, 2020, Bob Ferguson, the attorney general of Washington State, launched an initiative to combat “election interference.” A press release noted Donald Trump’s repeated claims that the coming election would be “rigged” against him, leading many of Ferguson’s constituents to fear that the result was being delegitimized in advance. In response, Ferguson pledged to defend “the longstanding American tradition of a peaceful transition of power.” WorkWorkWorkWorkWorkPeople are really regretting how much money they spent over the last yearMcBride advises those worried about saving enough to try to automatically transfer more money from their paychecks each time they receive one. “Saving for retirement and emergencies can be automated through payroll deduction, direct deposit, and automatic transfers,” he said. “Start modestly and after a couple of pay periods you won’t miss what you don’t see.” WorkWork'People are right to be angry', says water bossMr Henderson rejected the idea that the amount of money paid out in dividends to investors in recent years was part of the reason there was not enough money for companies to invest, rather than just bills being lower. WorkPensioners braced for 'really difficult' winterMs Flint said that while the war in Ukraine and the Covid pandemic had \"obscured the lack of material progress\" being made in fuel poverty reduction, the committee had hoped more progress would have been made on its 2023 recommendations. WorkWorkWorkWorkWorkWorkWorkHow to Squeeze More Time Out of a Failing Phone BatteryWhen the feature is enabled, the battery icon turns yellow as the mode reduces screen brightness, pauses some network activity (like online photo backup) and limits app actions like mail-fetching, automatic downloads and other battery burners. Processor speed may also be reduced, and as a result, the phone may run slower. WorkWorkTreasury yields mixed as investors look ahead to U.S. inflation dataMarket participants are firmly pricing in a rate cut at the Fed\'s Sept. 18 meeting. Traders are currently pricing in a roughly 63.5% chance of a 25-basis-point rate cut next month, with 36.5% pricing in a 50-basis-point rate cut, according to the CME Group\'s FedWatch Tool. WorkWorkWorkAll eyes are on Nvidia as it prepares to report its earnings. Here's what to expectThe Santa Clara, California-based company carved out an early lead in AI applications race, in part because of founder and CEO Jensen Huang\'s successful bet on the chip technology used to fuel the industry. The company is no stranger to big bets. Nvidia’s invention of the graphics processor unit, or GPU, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. WorkThe For-Profit City That Might Come Crashing DownA California company offers a Montessori education for approximately 60 students. Security is provided by a private firm of armed guards. An arbitration center staffed by three retired Arizona judges handles dispute resolution. (In order to enter the jurisdiction, I was told I needed to sign an “agreement of coexistence” binding myself to 4,202 pages of rules, violations of which would be subject to the jurisdictional authority of the arbitration center.) WorkWorkWork TradeBriefs Publications are read by over 100,000 Industry Executives About Us | Advertise | Privacy PolicyUnsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs.
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