- The top 25 stories curated by editors and fellow readers!
From the Editor's Desk
Charted: Millionaire Growth by Global Region This graphic illustrates the growth in the number of millionaires per region from 2016 to 2023, in absolute and percentage terms.
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WorkHow Machines Learned to Discover Drugs - The New Yorker (No paywall)When I first became a doctor, I cared for an older man whom I’ll call Ted. He was so sick with pneumonia that he was struggling to breathe. His primary-care physician had prescribed one antibiotic after another, but his symptoms had only worsened; by the time I saw him in the hospital, he had a high fever and was coughing up blood. His lungs seemed to be infected with methicillin-resistant Staphylococcus aureus (MRSA), a bacterium so hardy that few drugs can kill it. I placed an oxygen tube in his nostrils, and one of my colleagues inserted an I.V. into his arm. We decided to give him vancomycin, a last line of defense against otherwise untreatable infections. Work
WorkThe Snoo can't help the people who need it most - STAT (No paywall)When you have a baby, sleep becomes the holy grail. You become convinced that getting your baby to go the hell to sleep depends on the right swaddles, the right pacifier, the right settings on the white noise machine, the right order of events. If a routine gets disrupted or a special object misplaced, you fear that the kid will be awake for days, and thus, so will you. WorkWhat to Do When You Know More Than Your Boss - Harvard Business Review (No paywall)There are instances when, as a newer professional, you might have more experience in certain areas than your manager. This could be a deeper understanding of the technologies you grew up, some innovations in your field, or even foundational leadership skills that you’d like to share. There are ways to communicate your knowledge with your superiors while maintaining humility and a collaborative mindset. The key is to be curious and collaborative — asking questions to better understand their perspectives and framing your insights as resources that will benefit the team.
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WorkWorkRepublicans sue Biden again over student debt reliefA group of Republican-led states are taking legal action against the federal government in an effort to end plans that would lower or eliminate debt for millions of student loan borrowers. In a lawsuit filed on Tuesday by Missouri Attorney General Andrew Bailey and joined by Georgia, Alabama, Arkansas, Florida, North Dakota and Ohio, the plaintiffs argue that Biden and Cardona have "unlawfully tried to mass cancel hundreds of billions of dollars in loans."
WorkHow to organize your fridge, with tips from chefsIndependent journalism is more important than ever. Vox is here to explain this unprecedented election cycle and help you understand the larger stakes. We will break down where the candidates stand on major issues, from economic policy to immigration, foreign policy, criminal justice, and abortion. We’ll answer your biggest questions, and we’ll explain what matters — and why. This timely and essential task, however, is expensive to produce. WorkDoes Text Therapy Really Work?More than a decade ago, Thomas Derrick Hull, a clinical psychologist who researches digital health, had what felt like a wild thought. What if therapists, who can’t keep up with demand for mental-health care in the U.S., started texting their patients instead of making them come into the office? WorkWorkWorkVolkswagen is running out of time Cavalo also asked Blume to explain why Volkswagen is prioritizing its up to $5 billion partnership with electric truck startup Rivian over protecting German jobs. The deal — which provides Rivian with some sorely-needed cash — is intended to help both companies launch vehicles with new technology and slash production costs. WorkAn AI startup founded by OpenAI's chief scientist raised $1 billion“We’ve identified a new mountain to climb that’s a bit different from what I was working on previously,” Sutskever said in a statement shared with Quartz. “We’re not trying to go down the same path faster. If you do something different, then it becomes possible for you to do something special.” WorkAmazon-backed Anthropic rolls out Claude AI for big businessAs startups such as Anthropic and OpenAI gain steam in the generative AI business, they â alongside tech giants such as Google, Amazon, Microsoft and Meta â have been part of an AI arms race to integrate the technology to ensure they don\'t fall behind in a market that\'s predicted to top $1 trillion in revenue within a decade. WorkWorkWorkBlack Hole Detectors Fulfill Moore's Law - Scientific American (No paywall)In 1965 the engineer and future Intel co-founder Gordon Moore famously noticed that the number of transistors on microchips has been exponentially growing for several years, and predicted their unstoppable increase would thenceforward drive computing. Now known as “Moore’s law,” this remarkable forecast has largely held ever since.Given the constant changes and advances in making microchips, a consistent trend of exponential growth seems nothing short of miraculous. But in fact, various other realms of technological innovation now exhibit this trend, too. One that’s most interesting to us—and, so far, largely overlooked—is the ongoing development of a technology, called gravitational-wave antennas, which detects distant black holes.Black holes form when gravity is so strong that no other force of nature can stop the collapse of matter. They most often are born from the deaths of massive stars, which have enough matter and density to trigger the runaway gravitational collapse. And such stellar-mass (or larger) black holes endure for very long periods of time—practically forever, in comparison to the lifetime of any star. Because of this, black holes are fairly ubiquitous in the universe, with many millions estimated to exist in our galaxy alone.As these strange objects have extremely strong gravity, they pull in everything that approaches them, even light—hence the name black hole. While this makes them uniquely interesting, it also makes them difficult to observe. Fortunately, we can study them by virtue of their gravitational waves, ripples propagating out across space that arise when a black hole accelerates. We can detect these waves on Earth using sophisticated instruments that discern the perturbations of space caused by the waves’ passage. These changes are almost inconceivably minuscule—for instance, the distance between the sun and Earth (about 150 million kilometers!) changes less than the thickness of a human hair when a typical cosmic gravitational wave passes by.The more that a black hole accelerates, the stronger its emitted gravitational waves will be, and thus the easier we can detect them here on Earth. It turns out that the best way to accelerate a black hole is to collide it with another black hole. These collisions from a cosmic billiard game are currently our key source of information about black holes.Technology development to detect the collision of black holes began around the time Moore made his famous prediction, in the 1960s. It was neither easy nor cheap. While detectors improved over time, it took over half a century, and over a billion dollars, to reach the first actual detection, in 2015. Since then, however, the rapid improvement of detectors has brought new detections—new discoveries—at an ever-increasing rate, and up to today about 100 confirmed black hole collisions have been reported.As Moore used the number of transistors in a microchip to quantify technological progress, we propose using the rate of detected collisions to quantify the advance of black hole detectors. Using this metric, we have studied the results from the most sensitive black hole detector, called the Laser Interferometer Gravitational-Wave Observatory (LIGO), and its planned upgrade called Cosmic Explorer, all to quantify past performance and forecast future improvement. We measured performance by the actual or expected number of detected collisions per year of observation, starting in 2000 and extending out to after 2040.We found that the rate of technological improvement can be described remarkably well as exponential growth, starting with the first discovery in 2015 and projecting out some two decades into the future. The rate of detections has been doubling about every two years. And, provided Cosmic Explorer or its equivalent is actually built and operated, that trend will continue for quite some time. Moore’s law apparently applies to black hole detectors as well. WorkAs stock prices fall, investors prepare for an autumn chill - The Economist (No paywall)Investors returning from summer holidays might feel dispirited upon checking their portfolios. Stocks have had a poor start to September. America’s benchmark S&P 500 index dropped by 2% on its first day of trading. European shares followed suit on September 4th; those in Japan have fallen by even more. It is a striking change from the calm that had settled over markets before Labor Day. American share prices ended August less than a hundredth of a percentage point below an all-time high reached in July, European ones fared similarly and Japanese stocks were just a few percentage points below their peak. Adding to the good vibes, rich-world inflation had continued to cool, setting the scene for the Federal Reserve to begin cutting interest rates when its policymakers next meet on September 17th and 18th. WorkBiden Expected to Block U.S. Steel TakeoverFor months, the Committee on Foreign Investment in the United States, or CFIUS, has been scrutinizing the deal over potential risks. There has been mounting speculation that the Biden administration could intervene before the November election. WorkWorkWorkWorkA home isn't the first thing Americans want when interest rates fallBut rates would have to drop considerably for potential buyers to finally bite. Just 2% of homeowners surveyed by Bankrate in June said they would purchase a home this year at a mortgage rate of 6% or higher. And nearly half said mortgage rates would need to be below 5% for them to feel comfortable buying a home this year WorkWorkLyft is laying off workers and doubling down on e-bikes“E-bikes in particular are growing so fast globally. It would be insane not to take it on ourselves,” Lyft CEO David Risher told TechCrunch. “So we said, let’s do this ourselves and bring it to the real standard of excellence that we have for our whole business.” WorkThe 10 cities with the best commutes in AmericaLyft said that 35% of its riders are commuters and many of them are worried about the cost of rideshare services. To use the price lock feature, riders will have to pay Lyft $2.99 a month, on top of the price of their rides, but then won’t be subject to surge pricing during their commute. WorkWorkWorkJim Riswold, Creator of 'Bo Knows' and Air Jordan Ads, Dies at 66“Jim had this incredible sense of how you can meld advertising and culture together and make it truthful and entertaining,” Susan Hoffman, his longtime colleague at Wieden+Kennedy, the global ad agency founded in Portland, Ore., said in an interview. “He was brilliant. You never wanted to tell him that, though.” WorkLeonard Riggio, 83, Dies; Founded Barnes & Noble and Upended PublishingThe company’s strong-arm practices upended the industry. Thousands of independent bookstores went out of business as Barnes & Noble grew. And Mr. Riggio — a dapper Brooklyn-raised liberal and art lover devoted to civil rights and Democratic causes — found himself roundly vilified as the publishing world’s most heinous bad guy and as a neighborhood killer and a philistine. WorkU.S. targets Russia over 2024 election influence operation\"4. 2016 called and it wants its clichés back,\" the RT press office wrote. \"5. Three things are certain in life: death, taxes and RT\'s interference in the US elections 6. We gotta earn our Kremlin paycheck somehow 7. Somewhere Secretary Clinton is sad that it\'s not because of her.\" WorkWorkWorkWorkWorkBitcoin ATM scams have cost Americans over $10 million per month this yearIf you have an older person in your life, it\'s best to warn them about potential BTM scams before they get targeted, because recovering the money they lose from these schemes would most likely be impossible. In addition, it may be time for all BTM operators, as well as the supermarkets, convenience stores and other locations where the machines are installed, to post warnings next to BTMs about these scams. WorkAcer expands Swift line with four new AI laptopsThe Swift 14 AI (SF14-51/T) will be available in the US, EMEA and Australia this September, while the Swift 16 AI comes out during October unless you’re in Australia, where it comes out Q1 2025. Both the Swift Go 14 AI and Swift 14 AI (SF14-61/T) will come out in the US and EMEA during September, but Australian customers must wait for a bit, as the release date is slated to be during Q4 2024. WorkPublic sector workers need above-inflation pay rises, says TUC chiefNowak admitted frustration over the right’s description of unions as Labour’s paymasters. “What they’re describing is hundreds of thousands of working people who’ve opted to pay 50p, 75p a week to support their union to give them a political voice. It’s the cleanest money in politics.” WorkWorkWorkWork 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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