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Editor's Pick
The Shifting Center of Capitalism: A Historical Map
 From the bustling banks of Renaissance Florence to the neon-lit pulse of Wall Street, capitalism has never stayed still. Capitalism, like power, has always been in motion, flowing from one center to another in a historical quest for trust, security, and centrality.
But what defines the “center” of capitalism? Is it where goods are made, money is stored, or laws are respected? More importantly, why does the center change and what happens when it does?
Editor's Note: Let's trace the arc of this global system through four epochs, where capitalism's gravitational core shifted across continents.
Continued here |
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WorkWorkWhat The Paper Has to Say About Journalism - The New Yorker Early on in The Paper, a new Peacock mockumentary series that follows the staff of the Truth Teller, a fictional newspaper in Toledo, Ohio, viewers are shown a grainy flashback to the institutions heyday, in 1971: the newsroom is bustling, and the publisher is boasting about its foreign bureaus and a recent story that got a third of the city council indicted on bribery charges. In the present day, its clear that the Truth Teller is in much worse shape. Its staff is tiny, and shares a floor with Softees, a toilet-paper brandand a more lucrative enterpriseowned by the same parent company, Enervate. Mare Pritti (Chelsea Frei), the compositor who puts the newspaper together, pulls mind-numbing stories from a newswire. (Elizabeth Olsen Reveals Her Nighttime Skin Routine; UV nail lamps cause hand Melanoma but not with these 12 tricks.) Enervate sells products made out of paper, an executive named Ken (played by the excellent British comedian Tim Key) says. That might be office supplies, that might be janitorial paperwhich is toilet tissue, toilet-seat protectorsand local newspapers. And that is in order of quality. WorkWhat is missing from a plan to tackle Haiti's gangs - The EconomistLast week Jimmy "Barbecue" Chrizier, the leader of Viv Ansanm, a Haitian gang coalition, made a curious announcement on social media. He said his men would abandon several neighbourhoods in Port-au-Prince, the capital, which they had pillaged. He encouraged residents who had fled in fear to return to their ruined homes Work WorkWorkWorkWork WorkWorkWorkWork WorkPutin says organ transplants could grant immortality. Not quite. - MIT Technology Review This week Im writing from Manchester, where Ive been attendinga conference on aging. Wednesday was full of talks and presentations by scientists who are trying to understand the nitty-gritty of agingall the way down to the molecular level. Once we can understand the complex biology of aging, we should be able to slow or prevent the onset of age-related diseases, they hope. WorkInside eBay's quest to become an AI leader - WSJ The company rode the internets early e-commerce boom and the dawn of the mobile era to become a publicly traded billion-dollar firm, but has since faced activist investor pressure amid slowing sales from inflation-weary consumers and intense competition from market leader Amazon.com. WorkWorkPutin's Fear of a Humiliating Economic Crisis - Foreign Policy No one knows what Russian President Vladimir Putin was hoping to achieve when he embarked on a nine-hour flight from Moscow to Alaska to meet U.S. President Donald Trump last month. But it's a safe bet that he was looking to avoid the additional sanctions on the Russian economy that Trump had vaguely threatened a number of times-and perhaps get relief from existing sanctions or even some lucrative U.S. investment deals. WorkThe Fed's 'gain of function' monetary policy - WSJ As we saw during the Covid pandemic, lab-created experiments can wreak havoc when they escape their confines. Once released, they cant easily be put back. The extraordinary" monetary-policy tools unleashed after the 2008 financial crisis have similarly transformed the Federal Reserves policy regime, with unpredictable consequences. WorkWorkMany HR Workers Plan to Quit Their Jobs, a New Report Warns - Inc HR staff assist current employees with key tasks related to the way your business works, such as onboarding or dealing with personnel issues or professional conflicts, and they also serve company leadership when youre looking to hire new talent or manage failing workers out of your firm. So it should worry executives across the U.S. that nearly half of all HR professionals say theyve pondered quitting their entire field of work sometime in the next 12 months. WorkEllen DeGeneres has turned house flipping into a $190 million hobby - WSJ Just before last years presidential election, comedian Ellen DeGeneres and her wife, actress Portia de Rossi, decamped to the Cotswolds, an upscale rural area near London. They had bought a vacation home, a 43-acre estate to use a few months a year. Then, the morning after the election, when they woke to lots of texts with crying emojis, they said, were staying here." WorkWorkWorkWorkHealthcare at Center of Shutdown Fight-and Democrats Say They Won't Blink The last time Congress faced a deadline to extend government funding, Senate Democrats flinched, giving Republicans the votes needed to avert a government shutdown without extracting any concessions. The move angered much of the Democratic base, who had been calling for their party's leaders to aggressively fight the Trump Administrations reshaping of the federal government. WorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkWorkUK deputy prime minister resigns after inquiry into her tax payment on home purchase The U.K.'s deputy prime minister, Angela Rayner, has resigned after an independent inquiry found she did not meet ethical standards over a recent home purchase. On Wednesday, Rayner admitted she didn't pay enough tax on an apartment in Hove. She referred herself to the independent adviser on ministerial standards, who delivered a report to Prime Minister Keir Starmer on Friday. In the U.K., property purchases incur levies, with higher charges for expensive homes and secondary residences. Reports suggest Rayner saved 40,000 pounds by not paying the appropriate stamp duty. Rayner has been a vocal critic of tax underpayment. WorkThe Baby Died. Whose Fault Is It? - WIRED First, theres the confidentiality clause. When Bi, a venture capitalist who claims to have invested in a dozen unicorns, hired a surrogate to carry her only male embryo in 2023, both parties agreed to keep the details private and away from the media. Then theres the restraining order against Bi, followed by a court-ordered agreement saying she would not so much as mention the surrogate involved in Baby Leons stillbirth. Finally, there are social norms to consider when publicly attacking the woman who says she almost died carrying your child. WorkWorkWorkIt's past time to start protecting US nuclear power reactors from drones At a minimum, US nuclear plants need to be defended against the kinds of drone attacks that Ukrainians have already suffered and the assaults that China, North Korea, and Russia have threatened against their neighbors' plants. The lead organization for this effort should be the Energy Department's National Nuclear Security Administration. WorkWorkWorkRare total lunar eclipse blood moon to be visible from UK But most of North and South America will miss out entirely as they will be on the sunlit side of the planet during the event. Throughout history, blood moons have stirred awe and superstition. Ancient cultures from Norse to South American, Native American to Chinese, interpreted the red moon as a sign of divine anger or supernatural conflict, while biblical texts warned that "the sun will be turned into darkness and the moon into blood before the day of the Lord comes, that great and terrible day". WorkTrump signs executive order rebranding Pentagon as Department of War “We’re going to go on offense, not just on defense. Maximum lethality, not tepid legality. Violent effect, not politically correct,” the secretary of defense, Pete Hegseth, said in the Oval Office. “We’re going to raise up warriors, not just defenders. So this war department, Mr President, just like America is back.” WorkWorkWorkWhat happened at RFK Jr.'s Senate hearing in 300 words O. Rose Broderick reports on the health policies and technologies that govern people with disabilities’ lives. Before coming to STAT, she worked at WNYC’s Radiolab and Scientific American, and her story debunking a bogus theory about transgender kids was nominated for a 2024 GLAAD Media Award. You can reach Rose on Signal at rosebroderick.11. Work TradeBriefs Publications are read by over 100,000 Industry Executives About Us | Advertise | Privacy PolicyUnsubscribe You are receiving this mail because of your subscription with TradeBriefs.
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