What we’re reading (5/20)
“Will The U.S. Economy Pull Off A ‘Soft Landing’?” (Paul Krugman, New York Times). “[A]t this point policymakers are more or less expected to achieve results that would have seemed wildly unrealistic for most of the past 40 years: 2 percent inflation and unemployment in the mid-3s.”
“The Optimist’s Guide To Artificial Intelligence And Work” (DealBook). “David Autor, a professor of economics at the Massachusetts Institute of Technology, said that A.I. could potentially be used to deliver ‘expertise on tap’ in jobs like health care delivery, software development, law, and skilled repair. ‘That offers an opportunity to enable more workers to do valuable work that relies on some of that expertise,’ he said.”
“What The Debt Ceiling Debate Means For Your Finances” (The Week). “The ongoing showdown over raising the debt limit could have serious implications for Americans' finances. The U.S. has never defaulted on its debt obligations since the establishment of the U.S. Treasury in 1789. However, experts contend that even just nearing — let alone passing — the point of default could rock Americans’ retirement plans.”
“A New Class Of Executives On Wall Street Is Gaining A Ton Of Power” (Insider). “It's true major decisions about where to use AI will involve CEOs and heads of tech, but the day-to-day strategy is largely left to these behind-the-scenes players. That means these executives will be tasked with making choices that have the potential to impact thousands of jobs.”
“Young Investors In College Clubs Embrace Wild Market Ride” (Wall Street Journal). “Investment clubs might not be as ubiquitous as Greek life or intramural sports, but they are fixtures at colleges around the U.S.—big and small, public and private. Lafayette College’s club says it is the oldest student-run investment club in the country, established in 1946 with $3,000 and now managing roughly $1 million.”
