my weekend morning train WFH Content (Wage Increase/Employment Edition):

• The yield curve is almost flashing recession, maybe, but who knows when Quietly, but maybe the yield curve isn’t as useful as a recession warning many think (Wall Street Journal)

• Say hello to Russian gold and Chinese petrodollar: The Russian-led Eurasian Economic Union and China have just agreed to design a mechanism for an independent financial and monetary system that would bypass dollar transactions. (cradle)

• The fully predictable impact of pay transparency Europe is about to decide whether to make everyone’s wages public, a move that could significantly narrow the gender pay gap. (wired)

• Exodus of big tech companies leaving California proves to be a bankruptcy That’s the conclusion of some new research recently conducted by Mark Muro and Yang You of the Brookings Institution. They found that the largest mature hubs as a group had a “slight increase” in their share of high-tech employment across the country from 2019 to 2020, despite some changes in the pandemic’s trend of concentrating tech jobs in a few metropolitan areas. (los angeles times)

• Food prices continue to rise.Impact could extend well beyond supermarkets. Total consumer prices surged 7.9% last month from a year earlier to a 40-year high, just as inflation-adjusted household incomes are falling at their fastest pace since the government began the data series in 1959. But the reality is worse, and it could get worse as the economic impact of Russia’s invasion of Ukraine unfolds. (Barron)

• How should real estate agents be paid? Many researchers and consumer advocates believe it’s time to change the commissions sellers pay. But how? The three researchers discussed some alternatives. (Wall Street Journal)

• Is Russia’s largest tech company too big to fail? Arkady Volozh spent 20 years building Yandex into Russia’s Google, Uber, Spotify and Amazon merger. Everything fell apart for 20 days. (wired) see also Russian Asset Tracker: Introducing a project to track and catalog the vast wealth held outside Russia by oligarchs and key figures close to Russian President Vladimir Putin. (OCCRP)

• A totally avoidable Covid disaster in Hong Kong: The city kept the pandemic under control for two years. Why isn’t it taking steps to help the inevitable outbreak — like a sweeping campaign to vaccinate the elderly? (Work Week)

• how a book is made: Have you ever wondered how a book becomes a book? Join us as we follow Marlon James’ “Moon Witch, Spider King” through the printing process. (New York Times)

• Nicolas Cage can explain it all He is one of our great actors. And one of our most mysterious, eccentric, and most misunderstood people. But while Cage makes his case here, every extraordinary thing in his wild work and life actually has a perfectly ordinary meaning. (GQ)

Be sure to check out our Master of Business interview This weekend, Samara Cohen, chief investment officer of ETF and index investing at BlackRock. BlackRock manages more than $10 trillion in assets, of which $3.27 trillion is handled by Cohen’s index/ETF group.

New York, the new way of working.Subway usage in the Big Apple is still falling

resource: Charter

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