Wednesday morning news drop
And Just Like That, Amazon Will Acquire MGM for $8.45 Billion The deal, which was rumored to be in the works last week, will find MGM’s storied catalog merging with streaming giant Amazon Studios. (Vanity Fair) The deal would add Metro-Goldwyn-Mayer’s 4,000 films to Amazon’s streaming library, including the James Bond, Rocky and “Legally Blonde” franchises. (New York Times)
What rising inflation means to the loonie and the timing of a Bank of Canada rate hike Our central bank may soon have reason to welcome a higher dollar (Financial Post)
No, Millennials Aren’t Poorer Than Previous Generations The data suggests that the narrative around Millennial wealth isn’t as extreme as the media makes it out to be. The same thing is true if we examine income (Of Dollars And Data)
Here Are the Ways the Pandemic Changed Hollywood: A viewer’s guide to the future of entertainment, where blockbusters no longer require cinemas, studios make sitcoms again, and more. (Businessweek)
The Secret Psychology of Sneaker Colours: You think they randomly choose those glaring shades of Nike, Adidas and New Balance? Think again (New York Times)
What will shopping look like? The pandemic has permanently changed how Americans shop, from wider aisles to curbside pickup. (Vox)
This Evolutionary Gift May Protect Coral From Climate Change Coral in the Red Sea is unusually heat tolerant. The secret to its success may lie in the lucky confluence of geography and genetics. (Wired)
The Marathon Men Who Can't Go Home In the north Bronx, a small group of elite Ethiopian runners struggle to survive. The persecution they fled was far more harrowing. (GQ)
From coal to cool: Cumberland booms again When a sleepy town attracts wealthy digital nomads, what happens to its old-school charm? (Capital Daily)
Do high priced cities attract the wealthy? Despite the fact that house prices have spiked across the country during this pandemic, there are still radical differences between prices between our most expensive and cheapest markets. The chart below shows the difference between Victoria average prices and several major cities. (House Hunt Victoria)
