News From the Control Tower - 8/12/2020

News from the Control Tower this week includes:

1. ‘Stakeholder’ Capitalism Seems Mostly for Show

If CEOs really intended to amend their companies’ purpose, they’d at least consult their board first

2. Yes, Unemployment Fell. But The Recovery Seems To Be Slowing Down

 So the economic recovery is continuing — but it’s moving very slowly, and we aren’t close to being out of the woods.

3. Why Are Some Groceries Still So Hard to Find During Covid?

Toilet paper and frozen veggies are making a comeback, but other backlogs in the supply chain are causing bare shelves and higher prices

4. What’s with gold backwardation?

With so much going on, the revival of the gold price in recent weeks hasn’t really got the attention it deserves.

Yet in historical terms, the rally has been noteworthy:

5. The Truth Is Paywalled But The Lies Are Free

Paywalls are justified, even though they are annoying. It costs money to produce good writing, to run a website, to license photographs.

Bonus: Sweatpants Forever  Even before the pandemic, the whole fashion industry had started to unravel. What happens now that no one has a reason to dress up?

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