01 Sep Weekly Reads: 8/28/2017
The Week’s Best Articles: Week of August 28th, 2017
Retail: Whole Foods Cuts Prices By As Much as 43% – click here
In one of the first moves by new owner Amazon, Whole Foods lowered prices across a variety of products. This action is consistent with their desire to dominant price for the categories that they operate in. While this is just the first change expect there to be many more as Amazon fleshes out its strategy on how to monetize their newest toy.
Economy: In Defense of Economists – click here
WSJ author Greg Ip examines the new found distrust for economists globally and offers a defense for them. In short, economists are tasked with using numbers to make sense of human economic action. This is difficult because humans are not beings controlled by numbers but rather emotions and intuition.
Autos: Can a Tesla Truck With a 300 Mile Range Change the Shipping Industry – click here
Tesla, always one for big goals and audacious attempts, is rumored to be bringing a semi-truck to market. While this would provide Tesla yet another opportunity to expand their portfolio the author examines whether a range of 300 miles would be sufficient to make this new offering a competitive alternative in the competitive trucking marketplace.
Harvey: Has American Still Not Learned The Lessons From Katrina – click here
Politico takes a look back on Hurricane Katrina and how the lessons of the devastation in Lousiana can be applied elsewhere. Specifically, they examine the role that the Army Corp of Engineers plays and how some of their well intended plans make building levees, marshes and off-shore islands not cost effective despite an incredible need.
Uber: Uber’s Problems Go Beyond Its CEO? – click here
Uber’s management team has been the fuel for numerous reports about their inability to manager the company in a professional manner. With the announcement that a new CEO has been appointed many are wondering if the major issues are behind them. Bloomberg looks at the major issues facing the company in the years to come.
Investing: Dalio’s Forecast of Doom Overblown? – click here
Founder of the world’s largest hedge fund, Ray Dalio, has recently begun making comparisons to the years leading up to the Great Depression and today’s investing environment. Bloomberg examines the legitimacy of these claims and makes several important observations that show significant differences between then and now.