Bank Crisis Cleanup & the Morality of WFH 5/19/23

Elon Musk says remote work is a moral issue; CNBC’s Jon Fortt explains both sides of the worker’s moral compass. Simon Johnson, MIT professor and former IMF chief economist, discusses the banking crisis, why it’s inappropriate to compare it to the 2008 meltdown, and what lessons can be drawn from the current turmoil. Debt ceiling negotiations between the country’s top political leaders are expected to continue into the weekend as they face a June 1 deadline at which point the U.S. could default on its bills. Plus, Disney is scrapping plans to build a new campus in Florida and Twitter is accusing tech giant Microsoft of misusing its data.

In this episode:
Simon Johnson, @baselinescene
Jon Fortt, @jonfortt
Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie