Week InReview
Friday | Jun 11, 2021
Business travel redux.
The Outpost Canggu Coliving Villa in Bali
There are plenty of cringeworthy buzzwords for those who don’t like their working lives to be tied to one place. The hashtag-fluent millennials heading for Canggu or Chiang Mai tend to be “digital nomads,” “glomads,” or even “techno-gypsies,” while the more sober prefer simply to go with “location-independent”.

Once the preserve of tech-industry freelancers, the blending of work and leisure travel is becoming increasingly mainstream.

Whichever corporate policies win the day, there’s little doubt that a growing band of increasingly untethered workers is set to change both work and travel. More and more of us might have to admit, perhaps with a grimace, that we are “glomads” now.

— Financial Times
let's recap...
The Carbis Bay Hotel, venue for the G7 summit in Carbis Bay, St. Ives, Cornwall.  
Photo: Jon Super/Associated Press
The world’s richest governments are under mounting pressure to help poor countries fight climate change. At the Group of Seven summit in the U.K., they’ll get a fresh chance to do something about it. Leaders of the G7, including U.S. President Joe Biden and German Chancellor Angela Merkel, are set to meet in Cornwall, England from Friday through Sunday. On the agenda is a discussion of how to help finance a shift to cleaner energy in low-income countries. (Bloomberg Green - Politics | Jun 10)

There are high political and bureaucratic hurdles to adoption of the proposal. Here is a look at some of the factors that will shape any global corporate tax regime. (The Wall Street Journal | Jun 8)

The U.S. Labor Department is seeking to end industry reliance on credit ratings in a slate of legal exemptions it grants companies handling retirement assets — part of a cleanup effort the federal government began more than a decade ago after the 2008 financial crisis. Their proposal would remove explicit references to credit ratings. (Bloomberg Law | Jun 8)

The world economy is enjoying a vigorous, but divergent, recovery. This is what the World Bank’s June Global Economic Prospects is telling us. This time is indeed different: the recession was caused not by the need to curb excessive inflation, nor by an oil shock, nor by a financial crisis, but by a virus. (Financial Times - opinion | Jun 8)

The U.S. Securities and Exchange Commission said it’s scrutinizing markets for signs of manipulation and other misconduct as AMC Entertainment Holdings Inc. and other meme stocks continue to surge. (Bloomberg Markets | Jun 7) see also Gary Gensler’s remarks on market structure
the cyber cafe
Illustration: Jon Krause/ WSJ
Why the hybrid workplace is a cybersecurity nightmare
For many bosses and employees, there is a measure of relief in returning to the office —especially for those who have the flexibility of continuing to work from home part of the time. But for those teams working to protect their offices from hackers, the new hybrid workplaces aren’t nearly as welcome.

Hacker lexicon: What is a supply chain attack?
That insidious and increasingly common form of hacking is known as a "supply chain attack," a technique in which an adversary slips malicious code or even a malicious component into a trusted piece of software or hardware. By compromising a single supplier, spies, or saboteurs can hijack its distribution systems to turn any application they sell, any software update they push out, even the physical equipment they ship to customers, into Trojan horses. With one well-placed intrusion, they can create a springboard to the networks of a supplier's customers — sometimes numbering hundreds or even thousands of victims.
— Wired

FBI investigating about 100 ransomware types, director tells DJ
FBI Director Christopher Wray says many of the types of ransomware trace back to actors in Russia, in an interview with Dow Jones. Wray compared the current surge in cyberattacks with the challenge posed by 9/11 terror attacks. “If the Russian government wants to show that it’s serious about this issue, there’s a lot of room for them to demonstrate some real progress that we’re not seeing right now,” Wray said.
binge reading disorder
Photo: Anna Kovecses
What is your microbiome? A wellness trend taking on post-Covid urgency
Call it a sign of the times: Microbiomes – the network of bacteria, fungi, viruses and other microorganisms (or microbiota) that our bodies play host to – have been getting more attention of late. Probiotics aren’t just good for your gut: Hyping “good” bacteria can boost immunity and protect your skin

These are the best places to live in the world right now
Vienna, which topped the Economist Intelligence Unit’s index from 2018 to 2020, tumbled to 12th in the survey as a second wave of the virus racked the continent’s health services. Frankfurt, Hamburg, and Dusseldorf suffered the sharpest declines, while the U.S. cities of Honolulu and Houston showed some of the biggest gains. Auckland took the No. 1 spot, rising from sixth as New Zealand’s success in containing the outbreak allowed it to keep restaurants, theaters and schools open.

Feeling overwhelmed about life picking up again? Try implementing ‘microsteps’
The pandemic has been a time of unspeakable loss and tragedy. At the same time, it’s also been a catalyst, forcing us to examine our lives, our priorities, and our ways of living and working. With minimal time and effort, you can integrate microsteps into your days, with immediate benefits for your well-being, resilience, focus, relationships and sense of purpose.
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