Thursday morning news drop
The history of the poppy — a symbol of remembrance for 100 years 'It's a living symbol, it grows and it takes on new meaning with each generation of Canadians and also the wars we fight in as Canadians in the search for peace' (National Post)
Wages Are Heading Up, But They’re Not Pushing Inflation The pay increase is nice, but it will have to be a lot higher before it contributes meaningfully to faster price growth. (Bloomberg)
Bitcoin and Inflation “There are several plausible explanations for why bitcoin doubled this year. Inflation is probably one of them.” (Irrelevant Investor)
What Are the Best Value Stocks—and the Ones to Shun? Northern Trust screens for the top of the class, and also to red-flag the less appealing bargain plays. (Chief Investment Officer)
In the supply chain battle of 2021, small businesses are losing out to Walmart and Amazon Independent retailers are getting squeezed out as suppliers, factories and freight companies prioritize national brands: ‘We’re at the whim of a broken supply chain.’ (Washington Post)
Vintage cars are chic again Enthusiasm for vintage cars has emerged at a time when microchip shortages have fueled bidding wars for new and used contemporary vehicles. (Axios)
The Truth About Those Dollar Stores: Dollar General, Dollar Tree, Family Dollar, and others offer low prices but also raise concern in communities that feel choked by them (Consumer Reports)
Yuval Noah Harari Believes This Simple Story Can Save the Planet Many of the philosophical questions that have bothered humanity for thousands of years are now becoming practical. It’s the primacy of fictions, that to understand the world you need to take stories seriously. The story in which you believe shapes the society that you create. (New York Times)
Angry about ‘The Last Dance,’ Scottie Pippen keeps taking shots at Michael Jordan Pippen’s unsparing assessments of Jordan may come as a surprise to those who assumed the longtime teammates were on friendly terms. They formed a dominant duo for most of 11 highly successful seasons in Chicago, and their half-dozen championship runs provided endless scenes of them hugging in jubilation. (Washington Post)