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Return-to-work plans are on ice after COVID-19 spike

Even more "back-to-office" callbacks are being postponed amid a surge in COVID-19 infections.

Why it matters: It feels like March 13, 2020, all over again. When businesses sent all their workers home, it was an early big hint the pandemic was going to upend our lives.


  • Now all the botched return-to-work plans are telling us that the Delta variant could send us back into the thick of the pandemic.

What's new: Amazon's offices were set to reopen in September. Thanks to coronavirus concerns, Thursday the company moved that to January 2022. (For corporate employees, that is — warehouse workers basically never left.)

What to watch: The glare is turning to those that already forged ahead with reopening and now have to juggle the pandemic setback, i.e., some of the big banks whose CEOs have been adamant about returning to work.

  • Goldman Sachs is monitoring guidance from the CDC and local health authorities, along with its own workplace health experts, a spokesperson says.
  • Goldman employees are required to report whether they are vaccinated or not. If they are unvaccinated, they have to be tested weekly.

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Don't fear inflation

Inflation isn't always and necessarily a bad thing. It's one of many variables in the economy, and its presence helps some groups of people and harms others. But that kind of nuance is getting lost in the present debate.

Why it matters: There are two well-defined inflation camps at this point. Both of them take for granted that inflation is, broadly speaking, a bad thing. But that's never true for everyone, and always depends on how you define it.

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The Doomsday Clock is kept unchanged at 100 seconds to midnight

In its annual update on Wednesday morning, scientists announced the Doomsday Clock would be kept at 100 seconds to midnight.

Why it matters: The decision to keep the clock hands steady — tied for the closest it has ever been to midnight in the clock's 74-year history — reflects a picture of progress on climate change and politics undercut by growing threats from infectious disease and disruptive technologies.

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