Friday morning news drop and videos of the week
Why Interest Rates Have to Stay Low For a Very Long Time Now, you could make the case that higher inflation is a good thing because it actually reduces the debt load in real terms. And if the Fed keeps short-term rates on the floor it’s possible government spending could still be funded with low borrowing costs. But higher inflation and low interest rates can’t coexist forever. Eventually, something has to give. (A Wealth of Common Sense)
The Future of Power Is Transcontinental, Submarine Supergrids Coal, gas and even nuclear plants can be built close to the markets they serve, but the utility-scale solar and wind farms essential to meet climate targets often can’t. They need to be put wherever the wind and sun are strongest, which can be hundreds or thousands of miles from urban centers. Long cables can also connect peak afternoon solar power in one time zone to peak evening demand in another, reducing the price volatility caused by mismatches in supply and demand as well as the need for fossil-fueled back up capacity when the sun or wind fade. (Businessweek)
The Psychological Benefits of Commuting to Work Here’s the strange part: Many people liberated from the commute have experienced a void they can’t quite name. In it, all theaters of life collapse into one. There are no beginnings or endings. The hero’s journey never happens. The threshold goes uncrossed. And employers—even the ones that have provided the tools for remote work—see cause for alarm. (The Atlantic)
Can Removing Highways Fix America’s Cities? Highways radically reshaped cities, destroying dense downtown neighborhoods, dividing many Black communities and increasing car dependence.Now, some cities are looking to take them out. But reconnecting neighborhoods is more complicated than breaking them apart. (New York Times)
'Big dividend increases coming' as Big Six sitting on 'unheard of' levels of excess capital Dividend hikes, share buybacks and acquisitions are primary options of deploying billions in extra cash (Financial Post)
Videos of the week
Dark Hollow | Dion Agius | Full Length Film “Joe G and I have been working on Dark Hollow for the past few years. It’s grown and evolved over time, but it has always taken its core inspiration from my home state of Tasmania. The film is our vision of how the world could be if we looked after it, and features appearances from some of my best friends, including Craig Anderson and Chippa Wilson.” – Dion Agius
Dean Tennant | Welcome to the NOBL Family When NOBL moved to Vancouver Island last year, we knew we had to connect with Dean Tennant. His video edits inspired a whole generation of riders (and still do). To welcome him to the NOBL family, there was no other option but to film him at Mt. Prevost, a place synonymous with his riding and free-racing style. Enjoy 2 minutes of Dean doing what he does best!
WELCOME DYLAN LEWIS ÉCLAT BMX proudly welcomes Dylan Lewis to the family. Dylan's riding needs no introduction, no one blasts a quarter like this guy. We're stoked to welcome Dylan into the fold and have him repping éclat down under.
ROUGH CUT: Louie Lopez' "Seize the Seconds" Part Louie’s Cons part was one of the highlights of 2020. See all the madness that couldn’t fit in the final cut.
Jack O'Grady's "Pass~Port" Part Trick after trick of jaw-dropping mania, Jack attacks Sydney like nobody before. Think that cover was a hoax? See for yourself.