Friday morning news drop and videos of the week
What Do You Do with a Billion Grams of Surplus Weed? Cannabis legalization was supposed to be a licence to print money. Three years on, nobody is turning a profit (Walrus)
The chip shortage is getting worse The semiconductor supply crunch came for cars and phones. Now consumers are facing higher prices. (Vox)
The speed of the US economic recovery has been record-breaking. It won’t last. Despite the continued optimism about the country reopening, US economic growth is already starting to slow. Yes, year-over-year comparisons to the catastrophic conditions in the spring of 2020 have been puffing up recent economic growth data. But it’s important to understand that there’s much more to the story from an economic cycle perspective. That’s our conclusion not only from the data we regularly monitor that define economic cycles — like GDP and jobs — but also economic indicators that foresee peaks and troughs in those cycles. (CNN)
My Investing Nightmare: If I had to pick a market to represent my investment nightmare, I would pick Spain from 1973-1983. For the uninitiated, from the mid 1970s to early 1980s Spain experienced high inflation, high unemployment, and sluggish growth that destroyed their capital markets over the course of a decade. And, as the chart below shows, it was a slow ride down for those 10 years: (Of Dollars And Data)
Deal Of The Century: How Michael Dell Turned His Declining PC Business Into A $40 Billion Windfall After years battling Silicon Valley skeptics and Wall Street adversaries, Michael Dell has pulled off the deal of the century, borrowing and flipping his way to a $50 billion fortune. His biggest ambitions lie ahead—and they have nothing to do with space. (Forbes)
Just-in-Time Manufacturing? Not With Rickety U.S. Infrastructure Tortured logistics at one factory in Pennsylvania reveal the economic toll of strained highways and ports. (Businessweek)
Is Hot Vax Summer Even Happening? “The rumors of this ‘casual hookup summer’ were vastly overstated,” said one dating app’s director of relationship science. (Vice)
‘The Ascent Was Just Wild’ – The Oral History of The Strokes’ ‘Is This It’ On the 20th anniversary of modern rock’s most seminal album, VICE spoke to its producer, publicist, journalists and the guy who shot the “arse cover.” (Vice)
Videos of the Week
This is Home: Matt Hunter | SHIMANO For many people, mountain biking is a migratory sport. Once you get a taste for the trails, moving closer to ride every day is a no brainer for those who choose the lifestyle. For Matt Hunter, migration was never necessary. He grew up in Kamloops, where the surrounding landscape was an ever-present inspiration for his own riding.
2021 Dunbar Summer Series Kicking Horse DH Nationals
Dusty Days With Colby Pringle || Riding in Pemberton & North Vancouver
We used to ride Biketrials 2 guys out on theyr bikes, just having fun and enjoying the sun, trying out some old skills on the bikes
NIKITA DUCARROZ - BMX HERITAGE
After X Games | Monster Energy BMX It's like an X Games recap with what happened after. After a year of no visit to the states, we got an international crew (Lewis Mills, Felix Prangenberg, Alex Donnachie) hitting the streets of San Diego with Kevin Peraza and a few spots in between.
CULTCREW/ AUSTRALIA 2021 / Jason Watts, Callan Stib, Benn Pigot, Zac Miner
Teen skateboarders sweep Olympic medals | Women's Street Final | Tokyo 2020
Where The Hell Did This Girl Come From?! | Rayssa Leal 12-year-old Rayssa Leal took the world by storm 5 years ago with her viral fairy heelflip clip, and last year she placed first in Street League and fourth in X Games. Give her another five years and she'll rule the world… it must be nice.
The Yuto show ! April Skateboards
Nolan Miskell's "Blood Wizard" Part Nolan hops out the gate with an earth-shaking slam, then proceeds to attack spot after spot before taking down a deadly circle bar.
Harry Lintell's "Northern Grit" Part Harry’s quest for crust bears fruit, with a stream of clips from the dilapidated spaces around Manchester, Leeds and Liverpool. Watch the concrete crumble.
Chris Blake's "Fire Tonight" Part Riding windows, smashing bins and scraping wallies, Chris systematically shuts down spots from FL to LA.