Study Hacks Blog Posts from August, 2021 - Study Hacks - Cal Newport

On the Pandemic and Career Downsizing

August 17th, 2021 · 19 comments

Earlier this summer, the Labor Department released a report that included a shocking statistic: close to 4 million people had quit or resigned in April. These numbers remained high in the spring months that followed. The business press began calling this workplace exodus the “Great Resignation.”

In my latest essay for the New Yorker, published earlier this week, I took a closer look at this trend. There are many different factors powering the Great Resignation, and it impacts many different demographics. Amidst this complexity there was one thread in particular that I pulled: highly-educated knowledge workers leaving their jobs not because the pandemic presented obstacles, but because it instead nudged them to rethink the role of work in their lives.

Read more »

A $5.5 Billion Reminder that Email is Not Work

August 12th, 2021 · 19 comments

Last winter, a risk analyst at Credit Suisse noticed that one of their clients, a hedge fund named Archegos, was light on collateral. As is common in this world of high finance, Credit Suisse had loaned Archegos money to buy stock. The value of Archegos’s position had come down and the bank’s models were saying that the bank either needed more collateral from the fund, or needed to push Archegos out of their position by calling in the loan.

So far, pretty normal stuff.

As detailed in a report on the incident, compiled by the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LP, and released last month, the issue was what happened next.

Read more »