Wooing Wall Street casualties, and hunting electric cyberspies

Good day for drafting Wall Street, Bad day for energy independence

GOOD DAY FOR: Drafting Wall Street, as Uncle Sam is undertaking an “I Want You”–style push for laid-off financial analysts. So far, about 400 of New York’s 23,000 sacked Wall Street professional have signed up for a federal job fair in the city later this month. The successful candidates will likely take hefty cuts from their previous jobs, but in return they’ll get a new level of job security. “Nothing pays as well as Wall Street,” said laid-off BB&T Capital Markets analyst Laura Richardson, but “there are no long-term guarantees on Wall Street.” (Bloomberg)

BAD DAY FOR: Energy independence, as cyberspies from China, Russia, and other countries have infiltrated the U.S. energy grid and installed software that could disrupt it, according to U.S. national security officials. The intrusions are reportedly widespread, not focused on any company or geographic region. (The Wall Street Journal)

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us