10 Thursday AM read – big picture

My morning The train WFH reads:

A Trim-less economic downturn: Before the epidemic, the lowest ever rate for pruning was 1.1%. May was the 15th consecutive month of pruning rates below that level. Economic data may not be what you expect it to be. (TKer)

A There is a solution to high gas prices. Americans will hate it. Europe has woven energy conservation into its politics and economy in a way that the United States has not. Constantly higher prices may change that. (Grid) See more The war against inflation began at sea Biden is cracking down on the shipping industry at sea. (Vox)

A How China’s relationship with Hollywood shaped the films Big Hollywood movies are being made with Chinese audiences in mind. (Vox)

A Dollar costs average defense: This is a philosophy through which the average cost of the dollar runs. It is the data-driven foundation under which every financial trust of mine has been built. Without this foundation I would be lost. Without this proof-based bedrock, I would be terrified at the first sign of trouble. (Dollars and data)

A Wait, how did dry cleaning become so expensive? Up to 30% of large mom-and-pop dry cleaners in the United States have been shut down since the epidemic began; Now, the remaining dry cleaners say they have no choice but to pay more to their customers. (Wall Street Journal)

A Does the White House need a ‘zoning jar’? As it seeks to mobilize bipartisan support to overcome housing barriers, the Biden administration should consider a permanent office dedicated to overcoming exclusionary zoning. (Citylab)

A Pruning is coming. The outsourcing industry will benefit. Amy Lynch, co-founder of Frontline Compliance, said outsourcing was “originally born out of the crisis.” (Institutional Investors) See more Dehumanization is a feature of gig work, not bugs Does the increase in gigs, freelance and contract work mean the identity of the people who do those jobs? The author, who drives for postmates, interviews other drivers, attends private and virtual company meetings, and reviews and contributes to driver forums on Facebook, Reddit, and other websites, examines the descriptions of who and what Gig employees tell themselves about. They do. (Harvard Business Review)

A Open House Hunters who target the rich and famous of LA: In the wake of a heinous crime, a couple allegedly stole millions of dollars worth of watches, bags and other luxury items from celebrities, the super-rich and even friends. Their trial will begin on August 25. (Business Week)

A Norway was an epidemic success. Then it spent two years studying his failures. Why a country wrote a playbook for the rest of the world. (Wall Street Journal)

A How Row vs. Wade evolved: A Behind-the-Scenes Visual Tour: A review of the Supreme Court’s internal documents reveals that the judges’ thinking on Row developed dramatically during the eight months of deliberations. If the heart had not undergone various major changes – and strategies – we would not have been able to end the pregnancy with an iron-clad right to consider abortion effective. (Washington Post)

Be sure to check out our Masters in Business interview with Spencer Jacob, editor and author of The Wall Street Journal’s Hard on the Street column this weekend. In front of the tape Column He began his career as an analyst at Credit Suisse, where he eventually became director of emerging market equity research. He is the author of “That wasn’t the revolution: Gamestop, Reddit and the flirting of small investors

The first half returns assets

Source: Henry Allen, Deutsche Bank

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