News From the Control Tower - 4/6/2022

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       This Is What Happens When Globalization Breaks Down

The story of one shipping container from a factory in China to a warehouse in the United States traces the arc of a global supply chain consumed by trouble.

2.       Help Wanted: Adjunct Professor, Must Have Doctorate. Salary: $0.

 After protests, U.C.L.A. took down a job posting that offered no pay. But it turns out colleges often expect Ph.D.s to work for free.

3.       Short Sellers Bet Tether, Crypto’s Central Bank, Is Vulnerable to a Run

Tether says it has conservative investments, while hedge funds question how much risk lies in the $82 billion investment portfolio that backs the currency

4.       Rags-to-Riches Stories Are Actually Kind of Disturbing

From Horatio Alger and E.L. James to T. Boone Pickens and Charles Koch, books by and about the ultrawealthy reveal some of our darkest American fantasies.

5.       The Fed Is on the March. Can Your Bond Fund Keep Up?

Bond investors have been pummeled this year as the central bank has tightened up. Here’s how to think about your portfolio in a period of rising interest rates.

Bonus

The Most Beautiful Place in Every U.S. State

Think of this as your starting point to the most epic cross-country trip ever.