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...For the best predictor of whether a government gets re-elected is not economic growth, but the life satisfaction of the people....
...It feels like you’re at home. We set up a studio in the garden, so I’d wake up early in the morning and go to the gym, and when I came back I’d have coffee....
...Although if you’re reaching for an expenses form already, it pays to read the kicker: Implementation practicalities however do pose a sizeable headwind in replicating the same results in practice....
...We’re returning to a time when most people get almost no news....
...We’re also reading . . . War in Ukraine: “There is no confidence in tomorrow,” a resident in the eastern city of Myrnohrad says, as Russia’s forces slowly advance....
...Federal Reserve board governor Michelle Bowman and Fed vice-chair Philip Jefferson will moderate panels at the event....
...We’re also reading and listening to . . . Investing: A small German mortgage lender has become one of Europe’s most-shorted stocks because of its exposure to US commercial property....
...“I remember when we became Aston Martin, you’re wearing green, the car is green and you’re part of one of the most iconic brands,” says Jefferson Slack, managing director of Aston Martin’s F1 team....
...Just like in obesity, we’re going to continue to innovate in Alzheimer’s. I see this as a multigenerational opportunity for us.”...
...Something is happening to festivals; they’re becoming airports....
...And I think we’re a couple of years past this sort of like the biggest years of hard and fast cancellations. And now we’re in sort of like a more nuanced place....
...“You’re watching in real time the growing pains of a sport,” says Kate Beavan, who worked at F1 for more than 18 years....
...The difference with Joe Biden, who recent polls show has at best even odds of being re-elected next year, is that they were followed by figures who believed in the system....
...Jefferson emphasised his expectation for growth to slow this year and for interest rates to be fully felt in the economy....
...We’re not convinced just yet. Send us your view: robert.armstrong@ft.com and ethan.wu@ft.com....
...When you’re a listener you can enjoy the long silences and empty landscapes. When you’re in maker mode you’re often looking for ways of putting more in....
...Philip Jefferson, the governor tapped to be the next vice-chair, was the most recent senior official this week to lay out this argument....
...“I would like to think that the Fed takes the precautionary principle — if you’re in a dark room you move slowly, [and] today’s data doesn’t shine a lot of light” he said....
...“We’re getting to the real hard part here of how we assess trade-offs,” Mester said. “Different policymakers will have different views about how they are assessing things.”...
...We’re also reading . . . The Kamala Harris question: Fairly or not, few think Kamala Harris could beat Donald Trump....
...We’re also reading and listening to . . . Lex: For the first time in a quarter of a century US interest rates have risen above 5 per cent....
...In a democracy, oligarchs often select political candidates through donations. Just as Russian oligarchs got Boris Yeltsin re-elected in 1996, Peter Thiel backed Donald Trump in 2016....
...On Monday, market watchers sought extra insight into the banks’ thinking in speeches from Fed board member Philip Jefferson, as well as ECB executive board member Philip Lane....
...Twelve US presidents — Washington, Jefferson and Clinton among them — lost fathers early in life....
...Grappling with these disquieting dilemmas on our behalf is English journalist Beth Davenport (Lydia West) who arrives in America to write a profile about Jefferson’s unusual consultancy service....
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