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The disappearing gas-station attendant
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}A daily digest of opinions and analysisWant Someone to Pump Gas for You? Move to Jersey.Oregon has become the 49th state to let drivers to fuel up their own cars, which is great for economic efficiency but not so nice for workers. Noah Smith sees a larger trend at play: "Useless" make-work jobs are harder than ever to justify, even though they provide real benefits to employees. (Thank the internet.)Investors Should Heed the Warning From Treasuries The stock market soared in 2017, but declining Treasury yields could be a sign of trouble to come. Looking at recent history, Komal Sri-Kumar finds that bonds — not stocks — have been the better predictor of recessions. Congress Will Be Different in 2018. Trump Won't. Democratic lawmakers will have more sway in Congress this year, and spending, immigration and public health are at the top of their agenda. But as Albert R. Hunt notes, a "very stable genius" remains a major wild card. Why Scientists Solve the Hard Problems FirstHumans have discovered thousands of distant planets, but not a cure for the common cold. Faye Flam explains why that's no coincidence. Ritholtz's ReadsWhat it's like inside the regulatory rollback at the EPA (ProPublica)As Trump surrenders America's global commitments, China's picking up the pieces (New Yorker)Forget automation: The workplace is already cracking up, and Washington is (mostly) ignoring it (Politico)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe
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