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10 Friday AM Reads

Barry Ritholtz

Most economic downturns hit lower-income Americans hardest, but this time is different. Wall Street Journal ) • From Math Camp to Handcuffs: FTX’s Downfall Was an Arc of Brotherhood and Betrayal : Gary Wang and Sam Bankman-Fried are offering dueling accounts of the FTX fiasco and of who’s ultimately to blame.

Math 112
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Lego Builds Stellar First Half As ‘Kidults’ Stay Home

PYMNTS

The digital numbers for Lego.com doubled to more than 100 million in the first half of 2020. The company is on track to open around 120 new retail stores in 2020, 80 of those in China. During the first half, it opened 46 retail stores, 30 of those in China. During the first half, it opened 46 retail stores, 30 of those in China.

Math 64
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What Walmart’s Resurgence Means For Retail And The “Pays”

PYMNTS

He didn’t think much of math and science — rather unusual given his choice of a profession that uses complicated math formulas to communicate. His economic principles were what inspired President Lyndon B. For instance, economics, he once said , is a useful form of employment for economists.

Retail 54
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You’re Living in a World Wrought by Central Banks. Notice Anything Wrong?

CFO News Room

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.

Banking 100
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Why eCommerce Will Create More Jobs Than It Kills

PYMNTS

One of the casualties of the ongoing retail death spiral seems almost certain to be the retail workforce. Brick-and-mortar retail jobs may be declining, but that doesn’t mean jobs are disappearing. In fact, he notes, he believes eCommerce will have an opposite effect and create more retail jobs at better wages.

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New Data: What COVID-19 Is Doing To Main Street SMBs

PYMNTS

They are the very businesses that make America’s cities, towns and urban centers lively and vibrant and interesting — and make our communities culturally, socially and economically strong. Those numbers are so stark that they are worth repeating. Doing The Math. Most of the SMBs we asked aren’t new to the world.

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 The Amazon/Walmart Whole Paycheck Tracker: Rethinking And Realigning

PYMNTS

The news follows big next-day delivery announcements from both Walmart and Amazon — in a week where both retailers had a lot of news about repositioning themselves in the market and reporting some pretty major changes. retail sales. It is a complicated question — and one greatly dependent on how exactly one lays out the math.