10 Wednesday AM Reads
My mid-week morning reads: • The 12th-century military disaster that forever changed global finance: After a plague-ridden crusade left Venice drowning in debt, the republic created the world’s first bond market, changing the relationship between the government and its citizens. (Big Think) • Will Bonds Blow Up?: JC Parets, a 20-year collector of financial magazine covers,… Read More The post 10…
After a plague-ridden crusade left Venice drowning in debt, the republic created the world's first bond market, forever changing the relationship between the government and its citizens. Financial magazine collector JC Parets reads The Economist's latest issue, considering it a contrarian buy signal, aided by Betteridge's Law. The Wall Street Journal's investing newsletter reminds readers that the past doesn't always predict the future, starting from a familiar long-run returns chart in Roger Ibbotson's new CFA Institute book Exponential Wealth.
Jordan Grumet explores the art of the unforced error, discussing survival instincts that lead to financial self-sabotage with a guest who has witnessed every form of it. Amazon employs over 1 million robot workers, betting heavily on automation to scale. Ukrainian President Zelenskyy says bot activity dropped after his country attacked Russian data centers, sparking a fire at Yandex's Sasovo facility, causing some services to become unavailable.
The art behind Red Lobster's $20 Ultimate Endless Shrimp promotion and how it became an emblem of an American seafood icon losing its way is examined. Midterm elections trend bullish due to increased gridlock as the president's party usually loses seats, and political parties know they'll lose power after the midterms, pushing their biggest bills early on.
White House press secretary Katie Zacharia's credentials come under scrutiny after she claims to be a lawyer, despite no evidence of her being licensed. Trump's message to Ukraine becomes crystal clear: he lifted sanctions on Russian diesel, threatened to cut off intelligence, and asked nothing in return for Kiev to stop hitting Russian refineries.
The Nancy Grace Roman Space Telescope has a wide field of view, capturing large patches of the sky, unlike the James Webb's narrower field of view with higher resolution. Astrophysicist Fabio Pacucci shares that the telescope's surprising discovery of "little red dots" in the early universe was unexpected. Lastly, Bain's Masters in Business newsletter highlights new innovation as required to fund AI's $6 trillion buildout.
Written by urgent.news from The Big Picture's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
