My end-of-week morning practice WFH reads:
• Why the Time Has Lastly Come for Geothermal Power: It was that drawing warmth from deep within the Earth was sensible solely in geyser-filled locations corresponding to Iceland. However new approaches might have us on the cusp of an power revolution. (New Yorker)
• The Offshoring of America’s Retirement Financial savings: As Apollo reinvents how Wall Avenue handles insurance coverage and pension funds, corporations are shepherding a whole bunch of billions of {dollars} to Bermuda entities that lose US protections whereas making opaque, complicated bets. (Bloomberg) see additionally Individuals’ Nest Eggs Constructed a Non-public Fairness Mortgage Revolution: Non-public fairness managers are determined for money. Insurers are lending it out for greater returns, and exposing themselves to doubtlessly hard-to-sell property. (Bloomberg)
• Max Out Your 401k: The excellent news is there has by no means been a greater time to be a saver-turned-investor. Know-how makes it straightforward to automate your financial savings into any variety of completely different funding accounts and platforms. Simply activate computerized contributions to your 401k, IRA, brokerage account, HSA, 529 or excessive yield financial savings account. (A Wealth of Frequent Sense)
• Are the Advantages of AI Definitely worth the Threat of ‘White-Collar Massacre’? If AI is highly effective sufficient to provide abundance and cut back shortage, will worrying about unemployment make sense in any respect? (The Every day Financial system)
• The Enterprise of Magnificence: How an $11 Billion Magnificence Firm Constructed a Suburban Empire: Ulta discovered success by performing extra like Dwelling Depot than like Sephora. (Businessweek)
• A Local weather ‘Shock’ Is Eroding Some Dwelling Values. New Information Exhibits: How A lot. Since 2018, a monetary shock within the residence insurance coverage market has meant that houses within the ZIP codes most uncovered to hurricanes and wildfires would promote for a median of $43,900 lower than they’d in any other case, the analysis discovered. They embody coastal cities in Louisiana and low-lying areas in Florida. (New York Instances) however see Iowa Metropolis Made Its Buses Free. Site visitors Cleared, and So Did the Air. Ridership jumped, individuals reduce on driving and, over the summer time, town prolonged this system one other yr. (New York Instances)
• Homicides have fallen sharply in these 5 cities — and throughout the U.S. The speed of homicides has plummeted nationwide and, in 2025, is trending towards its lowest stage in a long time. The regular decline has reversed the surge of slayings seen throughout the peak of the covid-19 pandemic. (Washington Put up)
• 7 indicators Trump is shedding his groove: The president has confronted a sequence of brush-offs and brushbacks that threaten his aura of invincibility. (Politico)
• The View From Ninety by Charles Helpful — remaining phrases from administration’s social thinker: The late thinker who championed the ‘portfolio life’ gives wit, knowledge and gratitude from a lifetime’s classes on management. (Monetary Instances)
• Timothée Chalamet’s greatest position but is your weirdly intense coworker on Zoom: A24 is selling its new movie ‘Marty Supreme’ with a clumsy video name. Right here’s why it’s genius. (Quick Firm)
Make sure you take a look at our particular dwell episode of Masters in Enterprise Stay from the Financial Membership of New York, with Nobel laureate Richard Thaler, and his colleague from the Sales space College of Enterprise, Alex Imas, Professor of Behavioral Science, Economics and Utilized AI; we focus on the brand new version of their ebook “The Winner’s Curse.”
Payroll development rose to 119K in September, exceeding expectations
Supply: @SteveRattner
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