July 30, 2021
SmartBrief for CFOs
Business Finance Today
GDP growth has come in below expectations for the second quarter at an annualized 6.5%, as the Delta variant of the coronavirus spreads. While GDP is back above the pre-pandemic level for the first time, economists are concerned further spread of the variant could cause local governments and businesses to reimpose restrictions, forcing consumers to trim spending on travel, dining out and entertainment.
Full Story: The Wall Street Journal (7/29),  Financial Times (subscription required) (7/29) 
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Your Bottom Line
The US is widely expected to avoid possible defaults by raising the debt ceiling or resuming its suspension, but analysts say this could lead to a shortage of safe short-term securities with consequent pressure on money market rates and funds.
Full Story: Reuters (7/29),  Financial Times (subscription required) (7/29) 
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In the C-Suite
In this tight labor market, employers must meet certain conditions to attract and retain the best talent, with competitive pay only the starting point. Other essentials include flexibility and a sense of community.
Full Story: CNN (7/28) 
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On the Move
Off the Charts
Remembering the sound underneath ZZ Top's guitars
Hill in 2019 (Tim Mosenfelder/Getty Images)
The late bassist for ZZ Top, Dusty Hill, was often overshadowed musically by guitarist Billy Gibbons, not to mention mistaken for him, but he's being remembered for his bass playing and singing contributions to the band's iconic Texas sound. "Hill was the pacesetter, the man who, as many have already pointed out, created the heavy bottom for the Top," writes Chris Vognar.
Full Story: The Guardian (London) (7/29),  Texas Monthly (tiered subscription model) (7/28) 
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It is a time in which we will redefine what it means to be human, for this is not just the start of a revolution, it is the start of an evolution.
David A. Sinclair,
biologist, professor of genetics
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