What we’re reading (6/18)
“Lots Of Hiring, But Not So Much Working” (Wall Street Journal). “The hiring boom obscures what looks like a contradictory economic trend: Employees are working fewer hours. The average number of hours worked a week by private-sector employees declined to 34.3 in May, below the 2019 average and down from a peak of 35 hours in January 2021, according to the Labor Department.”
“He Went After Crypto Companies. Then Someone Came After Him.” (New York Times). “Kyle Roche was a rising star in the field of cryptocurrency law — until his career imploded. Who orchestrated his downfall?”
“Odey Asset Management Suspends Further Funds After Investor Flight- Website” (Reuters). “Odey Asset Management has suspended further funds after increased investor redemptions, letters posted on the fund's website showed. The hedge fund, once run by one of Britain's best known star managers, Crispin Odey, has grappled with investor flight after the founder became the focus of sexual misconduct allegations in media reports last week.”
“The Space Industry Is Taking Off. Space Law Is Still A Mystery.” (DealBook). “Virgin Galactic, the space tourism company founded by Mr. Branson, announced on Thursday that it would launch its first commercial spaceflight this month, joining Mr. Bezos’ Blue Origin, and Mr. Musk’s SpaceX in sending ticketed passengers to space. But travel is just one emerging corner of the industry, which is mostly fueled by U.S. and international government contracts. The sector includes companies in the fields of satellites and communications, solar power, manufacturing, and even mining. One, Orbital Assembly, hopes to open a luxury extraterrestrial hotel by 2025.”
“A Sydney Home That’s Been Abandoned For 7 Years And Is Completely Covered In Vines Is Going Up For Auction At $1.7 Million, And The Agent Says It’s ‘Not Habitable.’ Check It Out.” (Insider). “Located on a quiet back street in Redfern — an inner suburb of Sydney in Australia — the abandoned property has been completely reclaimed by nature, listing photos show.”
