Friday morning news drop and videos of the week
Supreme Court rules Ottawa's carbon tax is constitutional In 6-3 decision, top court finds federal government can impose nationwide pricing standards (CBC)
Someone has to pick up the tab for lockdown-induced debt Generational fairness is key in paying for the estimated $550 billion in added debt Ottawa has run up fighting the pandemic, says a new report from the C.D. Howe Institute. The analysis in this paper indicates that the income loss arising from the recession can only be deferred, not eliminated, by issuing debt because debt has an economic cost. Government needs to implement a set of debt reduction policies that, given the distribution of income losses during the recession, achieves a fair sharing of the burden of the recession, without passing the debt on to future generations. (CD Howe)
Fear of Inflation Finds a Foothold in the Bond Market There is little evidence for a big jump in prices, but some economists and bond investors fear President Biden’s policies could lead to inflation. (New York Times)
Here’s Why So Many People Intend to Die With Money in the Bank Close to two-thirds say “saving as much as I can makes me feel happy and fulfilled.” (Businessweek)
Bitcoin Miners Are on a Path to Self-Destruction Producing the cryptocurrency is a massive drain on global power and computer chip supplies. Another way is needed before countries balk. (Bloomberg)
Len Sassaman and Satoshi: a Cypherpunk History We’ve lost far too many hackers to suicide. What if Satoshi was one of them? (Medium)
How much money does the federal government collect in student loan payments each year? An Extremely Important Statistic About Student Debt That Has Never Been Published: The grand total: $70.3 billion. (Slate)
Videos of the week
Chapter 11 - 009 SURFERS Matt Mccabe, Craig Anderson (One shit wave from when we got skunked in PR) Eithan Osbourne (Maybe only clip of the trip) Dane Reynolds Dylan Graves (Fly’s through frame) Jake Anderson (He’s either going hate or love this) Andrew Doheny (Last track is the first song he ever wrote)
A Tall Tale – Perception is reality aboard the all-new Instinct From exaggerated stories of blissful alpine singletrack to rubbing elbows with the pros, everyone has “that friend” whose tales from the trail are too good to be true. But this story feels different. They're telling it with confidence and you’ve heard their new Instinct has them riding trails in a whole new way. Your friend has always been good on their bike, but have they really transformed their riding completely? Featuring: Kevin Calhoun, Felix Burke, Thomas Vanderham
My Canada – My Canyon | Mark Wallace At only 25 years old, it's hard to believe Mark has been part of the pro racing scene since way back in 2013.
'LET GO', Alex Donnachie's latest video from BSD.
Down Bad - Kink BMX Follow the Kink Pro Team through Tucson, Phoenix, and Las Vegas as they hit the road together to kick off 2021. Half the squad was hurt and down bad, but everyone made it happen to clock another banger trip in the books. Enjoy!
ANIMAL BIKES - WIDDIT
Alexy Krasniy's "Green Grey" Part Alexey explores the outskirts of Moscow, annihilating the cutty slopes and absurd kinkers.
Speedriding Through An Alpine Resort | From Avoriaz With Love Always known for pushing his limits by combining freestyle and speedriding, Valentin Delluc is back at it again—but this time he’s taking on the deserted alpine resort Avoriaz. From the cables of the chairlifts to barrels, keys and wall rides, the French speedrider uses the empty French Alps