Friday morning news drop
U.S. inflation rate spikes to 6.8% — highest level in almost 40 years Food, energy and housing costs major contributors to spike (CBC)
Bank of Canada to keep two per cent inflation target in new mandate The new five-year mandate, however, will include some new language around employment (Financial Post)
Canada's central bank appears more concerned with job creation than about inflation Bank of Canada must keep an eye on Ottawa — and one on Washington — in inflation fight (CBC)
We'll all be paying a lot more for food next year, says Canada's Food Price Report 2022 expected to see the biggest annual increase in food bills on record, new report says (CBC)
Wall Street Finally Learns It Can’t Ignore Crypto and NFTs Digital currencies have been around for a while, but 2021 was the year the wider crypto world made its mark. Its “memeification” and pop culture normalization happened at a pace that detractors found baffling and that true believers argued was still too slow. As it gained another raft of high-profile supporters, it also captured the attention of Wall Street as a force that could no longer be ignored—and of regulators. (Bloomberg)
Half a Billion in Bitcoin, Lost in the Dump: For years, a Welshman who threw away the key to his cybercurrency stash has been fighting to excavate the local landfill. (New Yorker)
Brookfield sees 'truly massive' opportunities in energy Investors face an historic opportunity to put their money into renewable energy assets given the global consensus that now exists around the urgent need for decarbonization, according to Brookfield Asset Management Inc. (Bloomberg)
From the Great Resignation to Lying Flat, Workers Are Opting Out In China, the U.S., Japan, and Germany, younger generations are retinking the pursuit of wealth. (Businessweek)
What’s Really Behind Global Vaccine Hesitancy: Countries with low vaccination rates are suffering from more than just inequity. South Africa has 150 days’ worth of vaccine supply. It’s now facing the same problem that’s bedeviling countries the world over: Lots of people don’t want to get their shots. South Africa recently paused deliveries of the J&J and Pfizer vaccines because it has more stock than it can use. “We have plenty [of] vaccine and capacity but hesitancy is a challenge.” (The Atlantic)
The Long Way Home How NFL wide receiver Demaryius Thomas lost his mother and grandmother to drug dealing, and how he plans on bringing them home. (ESPN)
Powell Peralta Skateboard Stories Presents: Christopher Hiett
“Flora” Episode 3: Mark Suciu With his forth segment of the year Mark will win SOTY with this banger rail segment where Mark and Justin return to The Bay for an unreal performance that pushes the physical, mental and creative limits of skateboarding, culminating in a dizzying spectacle of handrail achievements.
Chima Ferguson's "Nice to See You" RAW Files: His Vans part shocked the world with its glorious onslaught of first-rate stunts. Now see how much punishment Chima endured in his pursuit of the sublime.
PEAK CONDITION - CH | 11 | TV | 013 Epic all time surfing in the rain
Brett Rheeder - Continuum | SHIMANO Everything is connected. Each ride is an extension of the one before. Each reentry is a transition to the next launch. Each experience builds on one another toward a flow state of endless progression. Only the settings and perspectives change along this continuum. In this film by Brett Rheeder and Harrison Mendel, the sequence of individual movements are all linked together as a cohesive collection, with each maneuver unique yet forming a coherent visual journey across ever-changing landscapes by maintaining a locked perspective.
Crossover - Christian Rigal: “What started as a blank canvas on a friend’s property quickly turned into a BMX inspired MTB zone. Using an old Church foundation from 1876 as our centrepiece, we went to work for nine days on the tools and machines to make this crossover dream build a reality. Five Ten let me run wild with this and I can't thank them enough for trusting me and my vision for this project. Opportunities like this are rare and I am stoked to have had the chance to bring some of these crazy ideas to life, and hoping it inspire others to look at things differently and do the same! You don’t need a mountain to ride mountain bikes” - Christian Rigal
TRENT LUTZKE - ROAD HAWG | Sunday Bikes | BMX Michigan's own Trent Lutzke packed up his van and road-tripped across the country on two separate occasions for this one. Racking up miles on the road and stacking footage in Arizona, New Mexico, Texas, Wisconsin, California and of course, the Upper Peninsula of Michigan. Trent has been killing it on both sides of the lens for a while now, so we were stoked to spend some time working with him on this one. Road Hawg indeed