What we’re reading (3/5)
“Stock Futures Are Little Changed As Investors Look Ahead To Powell Comments, Jobs Data This Week” (CNBC). “U.S. stock futures were little changed on Sunday night as Wall Street looked ahead to a week filled with economic data and the latest commentary from the Federal Reserve.”
“Wonking Out: Peering Through The Fog Of Inflation” (New York Times). “Predicting the future has always been hard, but these days it’s becoming tricky even to predict the past: The statistical agencies keep making large revisions to older data. At the beginning of this year, consumer price data seemed to show a significant decline in inflation over the course of 2022. Then the Bureau of Labor Statistics revised its seasonal adjustment factors, which had no effect on inflation for the year as a whole but made inflation look lower in early 2022 and higher later in the year. The numbers still show improvement, but it’s sufficiently less significant to curb many economists’ initial enthusiasm.”
“What Is A CEO’s Pay Actually Worth?” (Wall Street Journal). “The old approach, still in use, requires companies to show pay for top executives as it was valued when they received it. Stock options and restricted stock are valued as of the day of grant, often a year or more before it is disclosed and several years before it vests, or becomes fully the executive’s property. Companies generally haven’t detailed how award values change during that period.”
“A Do-Nothing Day Makes Life Better” (The Atlantic). “Despite the fact that a day of rest is a core tenet of several ancient religions, as Heller notes, setting it all aside has become so uncommon in American society that we need to actively work to do it.”
“The rise Of The Gen Z Side Hustle” (BBC). “Side hustles existed before the pandemic, but they were often borne from a place of necessity rather than passion. In the past several years, they’ve come in the form of gig-economy jobs, either in lieu of a full-time role, or as a means of supplementing wages. Even now, side hustles are necessary to supplement income for many people: one September 2022 survey of 4,000 UK workers, from insurance company Royal London, shows 16% of respondents had taken on an additional role to help pay for cost of living increases.”
