With a bullet: Get back to work!
Henry Ford II, right, with his grandfather, Henry Ford, founder of the Ford Motor Co., on Oct.17,1946. (AP)
Here’s some evidence that the 40-hour workweek, pioneered by Henry Ford so workers would have time to buy things, is vanishing.[1] And here are five charts that show work-life balance is dead[2]. Now hurry up and read this before the boss sees you.
The European Union lifted its growth forecast, and German 10-year bond yields rose to 0.41%,[3] up from 0.05% two weeks ago.
Pimco Total Return is no longer the world’s largest bond fund[4], ceding the title to Vanguard Total Bond Market Index fund.
Internet killed the video star: Cable companies are losing television customers, who are opting for online video[5].
Hedge fund manager David Einhorn called five large energy companies “frack addicts” that drill a lot of money-losing holes[6].
UBS said its profit rose 88% in the past 12 months[7], and was also in talks with the Department of Justice to settle charges of currency manipulation.
The Saudi Arabian oil minister, Ali Al-Naimi, says the price of oil is “up to Allah,” and has nothing to do with massive pumping by his country or the USA. At the same time, Saudi Arabia is burning through its foreign reserves at a record rate.[8][9]
It’s getting a lot harder to find stocks of growing companies at a reasonable price[10].
Today’s Google doodle honors Nellie Bly, a journalist who really did change the world[11].
Ever wanted to make a volcano with a leaf blower? Of course you have.[12]
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.. Twitter: @johnwaggoner.
References
- ^ is vanishing. (blogs.wsj.com)
- ^ that show work-life balance is dead (www.bloomberg.com)
- ^ 10-year bond yields rose to 0.41%, (www.wsj.com)
- ^ no longer the world’s largest bond fund (www.reuters.com)
- ^ who are opting for online video (nypost.com)
- ^ drill a lot of money-losing holes (nypost.com)
- ^ UBS said its profit rose 88% in the past 12 months (www.reuters.com)
- ^ says the price of oil is “up to Allah,” (www.businessinsider.com)
- ^ burning through its foreign reserves at a record rate. (www.ft.com)
- ^ stocks of growing companies at a reasonable price (www.businessinsider.com)
- ^ who really did change the world (www.vox.com)
- ^ Of course you have. (sploid.gizmodo.com)