Thursday morning news drop
Climate change: Fossil fuel production set to soar over next decade Despite the flurry of net zero emission goals and the increased pledges of many countries, some of the biggest oil, gas and coal producers have not set out plans for the rapid reductions in fossil fuels that scientists say are necessary to limit temperatures in coming years. (BBC)
This is the true scale of China’s bitcoin exodus The total percentage of bitcoin mining taking place in China has dropped to almost zero following a recent crackdown (Wired)
The Dark Side of the RCMP The mystique that has helped cement the RCMP as a national symbol is also what renders it particularly, stubbornly difficult to reform (Walrus)
What the International Energy Agency’s path to net-zero means for Canada’s oil and gas industry Looking at different policy scenarios around climate change, agency report lays out path for holding warming to 1.5 C (Narwhal)
The 40-Hour Work Week Is, in Fact, Life There is no magical way to earn a full-time salary without working full-time. (New York Times)
Economic Side Effects From the Pandemic Following the Great Financial Crisis, economic growth was below trend, inflation was low and wage growth was slow. Since the pandemic, economic growth is higher, inflation is finally taking off and wage growth is accelerating. Each scenario has its own unique challenges and trade-offs. (A Wealth of Common Sense)
Paying the Covid Bill The death and disruption were bound to create real economic losses, even if things are better now than what one might have feared in the spring of 2020. Modest inflation is the least worst outcome. (The Overshoot)
Where the Suburbs End A single-family home from the 1950s is now a rental complex and a vision of California’s future. (New York Times)
How Donald Trump, Elon Musk, and Gwyneth Paltrow Short-Circuit Your Ability to Think Rationally The sketchy rhetorical tricks of politicians, celebs, and con men—and how they work. (Businessweek)
Dune Is the Sci-Fi Epic Commodities Traders Have Always Wanted Director Denis Villeneuve’s new science fiction film Dune, out on Oct. 22 in the U.S., takes inspiration from an unlikely, unsexy corner of capitalism: commodities trading. By spinning a complex tale about family, revenge, and destiny, it has the drag-on effect of making markets compelling and approachable to a slightly wider audience than usual. (Bloomberg)