What we’re reading (11/29)
“10-Year Treasury Yield slides To Lowest Point Since October On Holiday-Shortened Trading Day” (CNBC). “The 10-year Treasury yield retreated to a new low going back to late October on Friday amid a shortened trading day for U.S. markets following the Thanksgiving holiday.”
“Googling Is For Old People. That’s A Problem For Google.” (Wall Street Journal). “If Google were a ship, it would be the Titanic in the hours before it struck an iceberg—riding high, supposedly unsinkable, and about to encounter a force of nature that could make its name synonymous with catastrophe. The trends moving against Google are so numerous and interrelated that the Justice Department’s attempt to dismantle the company—the specifics of which were unveiled Nov. 20—could be the least of its problems.”
“Remote Workers Are Swapping Commute Hours For Side Hustles” (Business Insider). “Remote workers are more likely to have side gigs than their office-based peers — 34% versus 29% — according to a new LinkedIn Workforce Confidence survey of 8,606 US professionals. The trend toward additional income streams appears strongest among those with flexible work arrangements. While only a quarter of full-time employees reported having a side gig, the number jumps to 52% for freelancers and 46% for both contractors and self-employed workers.”
“Member Of Prominent Rothschild Family Found Dead After Laurel Canyon House Fire, Neighbors Say” (Los Angeles Times). “The body discovered at the Lookout Mountain Avenue property was that of William Rothschild, three people told The Times on Thursday. A magazine seen at the property was addressed to ‘WM DE ROTHSCHILD.’ The Rothschilds, a sprawling Jewish family originally from Frankfurt, Germany, long dominated European banking, with its English and French branches playing major roles in finance and politics, most notably during the 18th and 19th centuries. At one point, the Rothschilds were widely considered to have amassed the largest private fortune on Earth.”
“‘We’ve Become An Amusement Park’: The Alaskan Town Torn Apart By Cruise Ship Tourism” (The Guardian). “Residents cherish their access to Alaska’s vast wilderness – its forests, mountains, waters and glaciers. They value the security and sense of community that defines small-town life in America. But Juneau’s identity has fundamentally changed with the rise of an industry that monetises experiences local people take for granted. Hiking, whale watching, fishing and kayaking – everyday activities for Juneauites – are packaged and sold at premium prices aboard the cruise ships.”
