Tuesday morning news drop
An oral history of Big Shiny Tunes: the CD that defined a Canadian era Over 13 years and 17 editions, BST became the most popular Canadian compilation of all time (CBC)
World’s Largest Carbon-Sucking Plant Starts Making Tiny Dent in Emissions Startups Climeworks and Carbfix are working together to store carbon dioxide removed from the air deep underground. (Bloomberg)
No longer a rainforest: B.C.’s Sunshine Coast improvises to survive long-term drought Farmers, gardeners, brewers and regional managers are banding together in a beautiful partnership to both store and distribute water across the extraordinarily parched coastal region, just north of Vancouver. As the area’s reservoirs continue to shrink, residents are experimenting with new ways to manage their relationship with watersheds. (Narwhal)
Revolt of the Workers Exploited by apps. Attacked by thieves. Unprotected by police. The city’s 65,000 bikers have only themselves to count on. (Verge)
‘Quantitative Easing’ Isn’t Stimulus, and Never Has Been Nearly 13 years since the Fed launched “quantitative easing” (aka “QE”), it is still misunderstood: One major camp believes it is inflation rocket fuel. The other deems it essential for economic growth. But both groups’ fears hinge on a fatal fallacy: presuming QE is stimulus. It isn’t, never has been. (RCM)
Are Central Bankers Ready for Payments Theater? If the Fed and other banks adopt a CBDC, they will inevitably become involved in disputes about what is and isn’t acceptable economic activity (Coindesk)
Why Financial Manias Persist We’re on year 12 of bubble predictions. The thing is actual stock market bubbles are relatively rare. (A Wealth of Common Sense)
In defense of the “gentrification building” The new multifamily buildings in your neighborhood actually slow displacement. (Vox)
A different way to look at affordability Factoring out the real estate bubble of 1981, affordability of single family homes in Victoria has been steadily deteriorating for decades. That is not surprising in a densifying city, and I don’t expect this long run trend to change anytime soon. Affordability by that measure is worse now than it’s been since 1982. (House Hunt Victoria)
