Friday morning news drop and videos of the week
Number of women in construction continues to grow in B.C., survey finds A survey conducted by the BC Construction Association (BCCA) indicates the industry is becoming increasingly diverse, with 10,667 credentialed tradeswomen now working in construction in the province. Women now make up 6.2 per cent of the workforce, a 35 per cent increase over a five-year period. (Journal of Commerce)
Stock Market Returns Are Anything But Average From 1926-2020, average U.S. stock market return was ~10% / year. Investing in the stock market would be way easier if you could simply bank on 10% year in and year out. Unfortunately, it doesn’t work that way. It’s the Catch-22 of investing in risk assets. If you want consistency over the long haul, you have to accept lower returns. And if you want higher returns over the long haul, you have to accept more volatility. (Wealth of Common Sense)
Corporate Tax Loopholes Matter More Than a Higher Rate A larger percentage figure just gives companies more room to maneuver to avoid paying what they should. (Bloomberg)
Making the Top 1% Its Own Tax Class This administration has decided that the 1% have amassed so much money and power, that they deserve their own (higher) tax bracket. That is the philosophy behind the new cap gains proposal: Treat the top 1% as unique, and tax them accordingly. (TBP)
The Economy Is (Almost) Back. It Is Looking Different Than It Used To. The central reality of the economy in 2021 is that it’s profoundly unequal across sectors, unbalanced in ways that have enormous long-term implications for businesses and workers. The economy is recovering rapidly, and is on track to reach the levels of overall G.D.P. that would have been expected before anyone had heard of Covid-19. But that masks some extreme shifts in composition of what the United States is producing. That matters both for the businesses on the losing end of those shifts and for their workers, who may need to find their way into the growing sectors. (New York Times)
Bitcoin Doesn’t Fix DeFi, DeFi Fixes Bitcoin “Bitcoin fixes this.” I cringe every time I see this popular meme. I find it worse than nails on a chalkboard. Bitcoin and other cryptocurrency (crypto) supporters seem to wheel this tired trope out for every problem they see, particularly at economic ones. To their credit, they genuinely want to fix the financial system’s problems. I do too! However, crypto’s supporters have their subjects completely reversed. (Integrating Investor)
Satellites show world’s glaciers melting faster than ever Glaciers are melting faster, losing 31% more snow and ice per year than they did 15 years earlier, according to three-dimensional satellite measurements of all the world’s mountain glaciers. Scientists, using 20 years of recently declassified satellite data, blame human-caused climate change. (AP)
How Much Is the Life of an Essential Worker Worth? The pandemic turned retail and food workers into heroes, but most face risks that they never signed up for (Walrus)
Tomomi Nishikubo
Retired - Calvin Huth
DYLAN STARK REAL HEAT 2021 VIDEO PART
VANS BMX ‘MASH’ - TRANSITION
VANS BMX ‘MASH’ - STREET
Krooked's "Magic Art Supplies" Video Krooked’s young bucks take the reins with Cernicky attacking The City’s walls and hills and McNeely crushing the cuts of VA and LA. Manderson makes another classy addition to the skate canon with his immaculate closing part.
Jake Ilardi's "Coastal Concrete” Part
CE Trucks "Our Turn" Video Deedz, Jacopo, Ronnie, Leo Baker, BA and more fly in formation, covering damn near every corner of the globe before Keegan McCutchen brings it home with his signature grace.
Real Skifi Tenet A paid collaboration with Valio Akatemia. Take off comes before landing. Or does it? What if the outrun is actually the inrun? Real Skifi Tenet