Wednesday, October 23

ByKevin Sheekey

Tech Breakthrough.

Google Says Quantum Computer Beat 10,000 Year Task in Minutes (Bloomberg)

Google says the computer can perform a computation in 200 seconds that would take the fastest supercomputers about 10,000 years. The results of Google’s tests, which were conducted using a quantum chip it developed in-house, were published Wednesday in the scientific journal Nature.

The idea behind quantum computing is to exponentially improve the processing speed and power of computers to be able to simulate large systems, driving advances in physics, chemistry and other fields.


Today in Pay.

You’ve Got to be Kidding: WeWork Staff, Facing Job Cuts, Express Outrage at $1.2 Billion Payout for Founder Adam Numann (Bloomberg)

Trump Claims He Boosted U.S. Incomes by $7,000. Data Say Otherwise (Bloomberg)

Inflation-adjusted median income in the U.S. rose $1,400 in the past two years, or 2.3% from 2016 to 2018, according to the U.S. Census Bureau.


Investing Today.

Turning Point: Popularity of Passive Investing Changes Rules of the Game (Financial Times)

Analysis: Passive and Active Investing — Kin by Birth, Enemies by Trade (Curatia)

A decades-long conflict between active and passive investing strategies reached a turning point in August as assets under management in passive US funds surpassed that in active funds for the first time.


Impeachment Watch.

Trump’s Ukraine Envoy Emerges as Biggest Impeachment Threat (Bloomberg)

William Taylor, a career bureaucrat who took charge of the U.S. embassy in Ukraine in June, provided House investigators on Tuesday a meticulously detailed 15-page statement, chronicling an “irregular policy channel” with Kyiv, in which Trump associates circumvented traditional diplomatic paths to pressure the country’s new president to investigate White House political rivals.

Trump’s New Reality: The Daily Dump (Axios – Mike Allen)

West Wing Alarm: Anonymous Trump Official Behind Times Op-Ed Is Writing a Book – Due in November (New York Times)

“A Warning,” by the White House official who wrote an essay for The New York Times last year, is expected to be published in November.


2020 Poll Watch.

CNN Poll: Biden’s National Lead in Democratic Primary Hits Widest Margin Since April (CNN)
Biden 34
Warren 19
Sanders 16

Buttigieg 6
Harris 6
Klobuchar 3
O’Rourke 3


Ocean Watch.

Overfishing is Emptying Seas – Despite Countries Pledging to Stop It (National Geographic)

Hawaii’s Reefs Threatened by Marine Heat Wave (New York Times)

Parts of the Pacific Ocean are simmering, threatening coral reefs and livelihoods around Hawaii, and causing many to worry of worse to come. The way of life in much of Hawaii depends on the fish provided by the reefs, reefs which are now becoming sick in the warming waters.


Bloomberg Insider.

Congratulations! Bloomberg’s Incredible Nanette Smith and the Bloomberg Volunteers Honored (GovernorsIsland.com)

Friends of Governors Island presented their inaugural Service Award last night to Bloomberg’s Nanette Smith and the Bloomberg employee volunteers in honor of their 10,000 hours of service to keep the Island lush and vibrant, ensuring its place as a beloved oasis for all New Yorkers.


Best of late night.

“ABC last night aired the classic Halloween special, “It’s the Great Pumpkin Charlie Brown.” They actually updated it a bit. At the end of this version, the “Great Pumpkin” gets impeached.”
— Jimmy Fallon

“According to a new study, 78% of parents steal Halloween candy from their children, while 100% of children steal 18 years of life from their parents.”
— Seth Meyers

“The makers of the board game Clue have announced that the game’s next edition will be the first to include a bathroom as a possible crime scene. And they’re already being sued by Starbucks for copyright infringement.”
— Seth Meyers