Wednesday morning news drop
Bank of Canada to lay groundwork for rate hike The Bank of Canada is expected to keep the spotlight on inflation at its policy decision this week, as it nears the start of an aggressive campaign of interest rate hikes. (Bloomberg)
Branding the Billion-Dollar Dark Stores Instant grocery delivery is a sector on steroids. But how can brands stand out in a super-saturated market? (Bloomberg)
Let’s get real: the American Rescue Plan was the best economic policy in forty years Nearly a year and a half into the recovery from the Covid recession, it’s indisputable that fiscal relief was a success. Not so, after the Great Financial Crisis — it fell far short. Blame Larry Summers. (Stay-At-Home Macro)
Is the Correction Over? Was that it? It feels ridiculous to ask, given that at the lows of last week, the peak-to-trough decline in the S&P 500 was just 5.2%. It feels ridiculous to ask, given that at the lows of last week, the market was still up 21% YTD. But it is a reasonable question, given that stocks have aggressively bounced, with S&P 500 futures currently sitting less than 2% below all-time highs. (Irrelevant Investor)
How Meal Kits Changed My Mind about Cooking The pandemic sparked a boom in cooking from scratch. Where do boxes of premeasured ingredients fit in? (Walrus)
Why insects are more sensitive than they seem: For decades, the idea that insects have feelings was considered a heretical joke – but as the evidence piles up, scientists are rapidly reconsidering. (BBC)
‘I spontaneously burst into tears’: How 13 songwriters felt watching the new Beatles documentary We spoke to more than a dozen songwriters about their reactions to the series about the iconic quartet, the viral moment when McCartney writes the backbone of “Get Back” in minutes, and the sometimes smooth, sometimes arduous process of how to craft a song in the first place. Here’s what they had to say. (Washington Post)
Trump’s Coup Has Already Began January 6 was practice. Donald Trump’s GOP is much better positioned to subvert the next election. (Atlantic)
The Best Movies of 2021 It was a year of octogenarian high jinks, long yet revealing documentaries, and masters reasserting themselves (Method)