Tuesday morning news drop
Virus Headwinds Hit Wall St. After Months of Smooth Sailing Fear jolted the financial markets on Monday as investors realized that the path to global economic recovery after the pandemic would be anything but straightforward. (New York Times)
Meet the Man Who Started the $11 Trillion Index Revolution The unsung hero of modern investing spends his days on the sunny vineyards of Sonoma, California — a world away from Wall Street. John “Mac” McQuown never helmed a big bank, crafted policy from Washington D.C., nor enjoyed name recognition like his kindred spirit Jack Bogle. (Bloomberg)
What’s the Future for Bond and Stock Returns? The outlook for bonds is clearer than that for stocks. (Morningstar)
Tesla's Cheap 94-Mile Model 3 Has Cost Canadian Taxpayers $115 Million Never really intended for sale, it was produced to pull the Model 3's base price below a key tax credit threshold. (Drive)
The pandemic-induced renaissance of malls For the last decade or so, malls have been dying. Surprisingly, the pandemic may save them. A year and a half of isolation has reignited a desire to gather in public spaces — and spruced-up, futuristic malls could make billions off of a cooped-up America. (Axios)
Bitcoin Miners Navigate Extreme World of Crypto Power-Hunting A crypto crackdown sent them in search of cheaper, greener power sources (Bloomberg)
Trump’s Cult of Animosity Shows No Sign of Letting Up With all his histrionics and theatrics, Trump brought the dark side of American politics to the fore: the alienated, the distrustful, voters willing to sacrifice democracy for a return to white hegemony. (New York Times)
The greedy developers A common criticism of new developments is that developers will make an inordinate profit, and increased density is simply a cash grab. The real estate industry consistently receives amongst the lowest public trust ratings, and in fiction developers are often the villains that must be fought to save the neighbourhood. In that sense it’s understandable that people are apt to be suspicious of new projects or the pro-social arguments used to justify them. (House Hunt Victoria)
