Thursday morning news drop
B.C. tax increases: From Netflix to gas, here’s what will cost you more on April 1 New taxes on streaming services, sugary drinks and a hike on B.C.'s carbon tax will take effect on Thursday (Vancouver Sun)
Biden wants to spend big — $2.25 trillion — and fund it with a 28% corporate tax But reality is that the 'American Jobs Plan' faces a rough road in Congress (National Post)
Inside ESG Ratings: How Companies are Scored (Visual Capitalist)
Is Canada turning the corner with Covid? Canada has secured the largest vaccine portfolio in the world but has so far failed to get its inoculation programme off the ground, even as it faces the pandemic's third wave. (BBC)
The Dumbest Financial Story of 2021: Everyone involved should be embarrassed. The swift fall of Archegos Capital Management is one of the most embarrassing financial plotlines in years, not just for a handful of banks but for an entire financial and governance system that really shouldn’t have let any of this happen. It takes a lot of malfeasance for giant banks to do something in 2021 that would make a neutral observer think, “Wow, it’s legitimately shocking they did that.” (Slate)
So You’re a Celebrity Who Wants to Buy a House There’s a niche industry built around helping celebrities drop millions of dollars on real estate without the public ever finding out. Here’s how it works. (Vice)
Can the stock market crash during an economic boom? Inflation can be harmful to the stock market, but it’s hard to imagine investors selling their stocks in the midst of an economic boom. Has the stock market ever crashed as the economy soared? It’s rare, but it has happened before. (Fortune)
The Generational Wealth Gap Are younger people worse off today than prior generations were at similar ages? According to this widely circulated chart, which shows that Baby Boomers held a much larger portion of U.S. household wealth in their 30s and 40s than Gen Xers do today at the same age, the answer is an unequivocal yes. (Irrelevant Investor)
The Spirited Man - A visual representation of our 80-year history cycles, as laid out in the 1997 book, THE FOURTH