Thursday morning news drop
The Pandemic Has Made Everyone Richer The net worth of American households has gone from $110 trillion to $137 trillion since the pandemic disrupted our lives in the first quarter of 2020. That’s from new Federal Reserve data through the end of the third quarter 2021, which was released last week: This may surprise you — the bottom 50% have also seen their wealth soar: (A Wealth of Common Sense)
How to Navigate the New Pandemic Business Cycle The pandemic has shaken up the very foundation of macroeconomic theory—the business cycle. And that could have big consequences for investors. If we are in fact in a new expansion cycle, investors can rest easy knowing that it will likely continue for at least another few years. CIO Sean Bill says, ‘It’s going to get a lot trickier.’ (CIO)
How the 2020s Economy Could Resemble the 1980s It depends on whether Jerome Powell at the Fed can pull a reverse Paul Volcker. (Upshot)
Vancouver Needs Way More Co-ops. Here’s How to Get Them The key lies in policies that skew the price of land to favour this affordable housing option. (Tyee)
Delivery Failed: How an EV startup and its charismatic CEO nearly cornered the market for electric delivery vans — until it all fell apart (The Verge)
The internet runs on free open-source software. Who pays to fix it? Volunteer-run projects like Log4J keep the internet running. The result is unsustainable burnout, and a national security risk when they go wrong. (MIT Technology Review)
How omicron broke Covid-19 testing Rapid tests are sold out everywhere, and help might not come until next year. (Vox)
Why LNG Canada could be B.C.’s last kick at the liquefied natural gas can The Kitimat liquefaction facility at the end of the contested Coastal GasLink pipeline will be ‘severely tested’ by shifting market conditions and evolving climate and Indigenous Rights policies, a new report finds in a potential harbinger for industry (Narwhal)
he NBA Has Chosen Its Path Against COVID-19 Adam Silver said the league won't pause the season, but will focus on getting players three-shot vaccinated. (Sports Illustrated)
Gretzky: 'Not even a question' Ovechkin will become NHL's all-time leading goal scorer Records are made to be broken, as they say, even ones that seem insurmountable.
The question of "Will Alexander Ovechkin break the NHL's all-time goals scored record?" has become slightly altered – we may have to replace "Will" with "When." At least that's what The Great One, Wayne Gretzky, believes. “It’s not even a question that he will pass me, and I think it’s great,” Gretzky told The New York Times last week. “He’s well on his way to 40 or 50 goals this year, maybe more. There is no doubt that, ultimately, he will break the record.” (Sportsnet)
The NHL’s Stars Aren’t Going to the Olympics. And for Some, This Was Their Last Chance. With COVID surging through the NHL, the league and NHLPA have pulled players out of the Olympics. That means some young stars continue to miss major international opportunities—and others will miss their final chance at playing in the Games. (Ringer)
The History of the Craftsman Style American Craftsman is an American domestic architectural style, inspired by the Arts and Crafts movement, which included interior design, landscape design, applied arts, and decorative arts, beginning in the last years of the 19th century. Its immediate ancestors in American architecture are the Shingle style, which began the move away from Victorian ornamentation toward simpler forms; and the Prairie style of Frank Lloyd Wright. The American Craftsman style was a 20th century American offshoot of the British Arts and Crafts movement, which began around the 1890s. The American movement also reacted against the eclectic Victorian "over-decorated" aesthetic; however, the arrival of the Arts and Crafts movement in late 19th century America coincided with the decline of the Victorian era. While the American Arts and Crafts movement shared many of the same goals of the British movement, such as social reform, a return to traditional simplicity over gaudy historic styles, the use of local natural materials, and the elevation of handicraft, it was also able to innovate: unlike the British movement, which had never been very good at figuring out how to make handcrafted production scalable, American Arts and Crafts designers were more adept at the business side of design and architecture, and were able to produce wares for a staunchly middle class market. Gustav Stickley, in particular, hit a chord in the American populace with his goal of ennobling modest homes for a rapidly expanding American middle class, embodied in the Craftsman Bungalow style. The period of popularity was roughly 1900 – 1929 (prior to the Great Depression), and mostly prior to 1920. The homes can be spotted throughout BC.