Thursday News Bits

We don’t say it often enough but a good friend is invaluable

Don’t leave a good manager. I’m lucky to have worked for some great managers whom I still stay in contact with. You can’t measure, in dollars, how working for a great boss makes you feel and how you grow.

Taking a new job can be risky in the event of a downturn. Some businesses take a last-in-first-out approach to downsizing. As the pandemic fades, companies that grew quickly when people were mostly homebound could cut back as life normalizes. Peloton, Netflix and Carvana already have laid off staff this year.

Over the course of 10 months, nearly 400 car crashes in the United States involved advanced driver-assistance technologies, the federal government’s top auto-safety regulator disclosed Wednesday, in its first-ever release of large-scale data about these burgeoning systems. Six people died and five were seriously injured. Teslas operating with Autopilot, the more ambitious Full Self Driving mode or any of their associated component features were in 273 crashes. Five of those Tesla crashes were fatal.

Federal agents have begun questioning U.S. technology companies on how their computer chips ended up in Russian military equipment recovered in Ukraine.

With a growing number of people experiencing a decline in their mental health, society is becoming better equipped to respond to our needs. However, the stigma around mental illness and seeking help remains. More than 50% of U.S. adults will need mental health treatment at some point during their lifetime. In addition, 1 in 25 are currently living with a serious mental illness, such as an eating disorder, bipolar disorder, post-traumatic stress disorder (PTSD), or major depression.

The Federal Reserve has approved the largest interest rate hike since 1994 in an effort to continue to slow down the economy and curb high inflation. The central bank increased rates by 0.75 percentage points yesterday, raising the range for its benchmark federal-funds rate from 0.75%-1% to 1.5%-1.75%. The increase means higher borrowing costs for consumers and businesses, including for credit cards, mortgages, and auto loans