Monday morning news drop
What to know about Canada’s residential schools and the unmarked graves found nearby For the second time in less than a month, a First Nation in Canada reported grim news: Ground-penetrating radar had uncovered evidence of hundreds of unmarked graves near a former residential school for Indigenous children. (Washington Post)
Millennials vs. baby boomers: Why the cost of living has skyrocketed for young Canadians In 1976 — when the majority of baby boomers, born between 1946 to 1965, were coming of age as young adults — it took a typical young person five years of full-time work to save a 20 per cent down payment on an average-priced home in the Greater Toronto Area (GTA), Metro Vancouver and many parts of Canada (Global)
‘It’s turmoil’: Why the global bike shortage isn’t ending soon Supply chains are under stress. That’s especially the case for bicycles, a booming industry in the pandemic (Globe and Mail)
The Inside Story of the Sideways Ship That Broke Global Trade How the Ever Given and its billion-dollar cargo got stuck, got free, got impounded, and got taken to court. (Businessweek)
The Dramatic Crash of a Buzzy Cryptocurrency Raises Eyebrows Just last month, the ICP crypto token, tied to a project backed by prestigious venture capitalists, was worth tens of billions of dollars. Then, its value collapsed. (New York Times)
He Thought He Could Outfox the Gig Economy. He Was Wrong Jeffrey Fang was a ride-hailing legend, a top earner with relentless hustle. Then his minivan was carjacked—with his kids in the back seat. (Wired)
Glaciers All Over the World Are Shrinking Fast—See for Yourself Advances in satellite technology reveal ice masses in Alaska and Asia have lost 4% of their volume in less than a decade. (Bloomberg)
He Warned Apple About the Risks in China. Then They Became Reality. Doug Guthrie, once one of America’s leading China bulls, rang the alarm on doing business there. He spoke about his time at Apple. (New York Times)
Millions of Americans Are About to Lose Their Homes: When the CDC’s eviction moratorium ends on June 30, what will still-struggling renters do? (Slate)
Everyone Is Quitting Their Job and It’s Great Regardless of the exact reason why, people seem to treating the reopening era as moment of professional liberation. (Slate)
The economics of dollar stores A visual explainer of the numbers behind America’s ubiquitous bargain-basement chains: How do dollar stores make money? (The Hustle)
Passan: How Wander Franco became MLB’s next can’t-miss kid Franco is a switch-hitting, home-run-thumping, smooth-fielding, mad-dashing shortstop. In a recent nine-game stretch, he saw 105 pitches and didn’t once swing and miss. In a league in which the average age is over 21, a teenager is clearly the alpha — like Zion Williamson, only with a bat and glove. Franco brings grown men to hyperbole. (ESPN)