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New York Times (August 28)

2022/ 08/ 29 by jd in Global News

“Each pandemic fall has brought with it employers’ hopes of a broad-scale return to the office.” Delta scrapped last year’s plans, “but this time, business leaders are adamant that they won’t change course.” Over a third of the workforce is adamant about staying remote, “It’s either the end of the era of flexibility around where work takes place — or the beginning of outright rebellion.”

 

San Francisco Chronicle (January 10)

2022/ 01/ 11 by jd in Global News

“As the omicron variant once again scrambles well-laid plans, possibly killing the return-to-office date altogether,” millions of workers hope they will “never have to work in an office full time again.” The initial response to COVID may have appeared confined to “a niche, tech-world revolution,” but this has “spread to nearly every sort of job where remote work is possible,” close to 50% of the U.S. workforce.

 

Chicago Tribune (September 24)

2021/ 09/ 26 by jd in Global News

“Many employers pushed Labor Day return to office plans back as the delta variant fueled a resurgence in COVID-19 cases—another setback for businesses catering to the Loop’s formerly bustling office crowd. While businesses like coffee and shoe repair shops are optimistic their customers will eventually return, they may be downtown less often and may need time to rebuild old habits.”

 

Boston Globe (September 20)

2021/ 09/ 21 by jd in Global News

“Back-to-office plans are playing out much differently than anyone expected. Anticipation for a momentous post-Labor Day return has come and gone, but now a growing number of employers are repopulating their offices gradually and on a voluntary basis, rather than pinning all their hopes—and anxieties—onto one date.”

 

Financial Times (June 22)

2021/ 06/ 22 by jd in Global News

Wall Street banks “have been at the forefront of the push to convince workers to return to the office.” In the strictest vaccination policy yet, “Morgan Stanley employees and clients who have not received their Covid-19 vaccine will be barred from entering the bank’s New York offices.”

 

LA Times (June 14)

2021/ 06/ 16 by jd in Global News

“The chances of getting COVID-19 will not be zero anytime soon—even for vaccinated people. So, for all of us to comfortably return to in-person work, send our kids to school and abandon our masks, we will have to rely on multiple lines of trust…. Unfortunately, Americans’ willingness to trust one another was already in decline before the pandemic began.”

 

Market Watch (December 21)

2019/ 12/ 22 by jd in Global News

So far the Dow Jones Industrial Average (DJIA) is up 22% in 2019. Since 1950, the average has climbed about “75% of the time, with an average return of about 8.9% in the following year, when it finishes the previous year with a return of at least 20%…. For the S&P 500 and Nasdaq Composite indexes, the gains tend to be even richer than those of their blue-chip counterpart.”

 

Institutional Investor (September 21)

2014/ 09/ 22 by jd in Global News

The California Public Employees Retirement System (CalPERS) “will sell its entire book of hedge funds, including 24 direct interests and another six hedge-fund–of-fund stakes.” This could signal a sea change as other pension funds reevaluate the effectiveness of hedge funds, which have mushroomed to $3 trillion. “Last year on average, hedge funds returned 9 percent, which was 23.4 percentage points less than public market returns.”

 

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