A long time until the economic new normal: MIT Sloan Management Review reports, a full economic recovery from the COVID-19 pandemic is unlikely, and the new version of normal for work and organizations is further off than we think. https://bit.ly/2y8ylHK
Morgan Stanley: “While we understand the desire for optimism, we also caution that the US outbreak is far from over. Recovering from this acute period in the outbreak is just the beginning and not the end. We believe the path to re-opening the economy is going to be long.”
Andreas Kluth: This pandemic will lead to social revolutions: As the coronavirus sweeps the world, it hits the poor much harder than the better off. One consequence will be social unrest, even revolutions. https://bloom.bg/34BmxdA
Fintan O’Toole: Coronavirus has exposed the myth of British exceptionalism: Johnson’s first response was at odds with the rest of the world but the virus does not respect his delusions of national character. https://bit.ly/3cgYoLE
Alastair Campbell: Media questions at No. 10 briefings are woeful. Here are 20 they should ask. https://bit.ly/3ekVnfa
Boris Johnson’s aides were told his survival chances were ‘50-50’: The PM left the hospital this weekend, marking his most astonishing comeback yet — but for Britain, the crisis goes on. https://bit.ly/3a1uZUo
Dominic Raab, who is deputizing for Boris Johnson, will announce on Thursday that the lockdown will stay in place until at least May 7.
House of Commons could sit next week entirely via remote with the Speaker as the only person in the chamber
Matthew Ball: Streaming video will soon look like the bad old days of TV: As media monoliths bundle their offerings, consumers will once again have to pay for a bunch of shows they don’t want. https://nyti.ms/3ei5y4l
"This dynamic reflects the economic reality of the media industry. It has lots of cultural influence, but a relatively modest amount of consumer spending. In 2018, audiences worldwide spent some $300 billion on TV, $138 billion on video gaming, $41 billion on movie tickets and only $19 billion on recorded music. The same year, the five technology giants Apple, Amazon, Microsoft, Google, and Facebook had revenue of more than $800 billion combined."
Robots welcome to take over, as pandemic accelerates automation: Broad unease about losing jobs to machines could dissipate as people focus on the benefits of minimizing close human contact. https://nyti.ms/2V1Vzsa
McKinsey: Demonstrating corporate purpose in the time of coronavirus: Companies will define what they do in the crucible of COVID-19 response—or be defined by it. Here’s how to frame the challenge. https://mck.co/2Xo1v0k
Overcoming remote work challenges: Decentralized teams face a number of challenges that can have damaging consequences if unaddressed — but they can be overcome. https://bit.ly/3c9iGa8
Steve Jobs talks consultants, hiring, and leaving Apple in unearthed 1992 talk https://bit.ly/2XwYmvl
Walmart employees are featured in a new spot set to the enduring song ‘Lean on Me’: The song's composer, Bill Withers, died earlier this week. https://bit.ly/2V8WvtT
Coronavirus lockdown: bored yet? Good — you’re on the verge of a creative explosion: Being made to do nothing for weeks on end drives people to think in exciting new ways, researchers say. https://bit.ly/2JJLZUx
