Friday morning news drop and videos of the week
Bank of Canada plans to raise interest rate before moving to reduce bond holdings Bank of Canada governor Tiff Macklem says the central bank plans to increase interest rates before it reduces the size of its government bond holdings, although its timing on the rate hike will depend on the economic recovery. (CTV)
The Biggest Truth Most Leaders Misunderstand About ‘the Great Resignation’ Want your employees to stick around? Flexibility is just the minimum. (Inc)\
What You’re Getting Wrong About Burnout The burnout crisis is here, but many managers are failing to address the root causes of stress for employees. (MIT Sloan)
5 Reasons Your Employees Don’t Understand Your Company’s Vision We don’t have a north star.” Despite hours of work developing a business’ visions, mission, and strategy, executives are often surprised by this comment from their employees. Often these senior leaders jump right back into off-site, trying to finesse statements and make things clearer, only to discover the problem still exists. There are five underlying issues for this complaint in employees. First, there is a lack of communication. Explaining the vision once isn’t enough. It must be delivered in a variety of ways — and repeated. Second, some vision and strategy statements are at a high, 50,000-foot-view level, rather than making sure the message is adapted for delivery at all levels of the organization. Third, decisions and individual actions may not be aligned with the commitment communicated. Fourth, team members may dislike or disagree with the vision. Finally, change, by definition, is disruptive. Employees worry about the additional work that might come with the new vision. (HBR)
What we talk about when we talk about gentrification The worst problems are in the neighborhoods that aren’t gentrifying. (Vox)
Business is Booming Every time you think 21st-century technology has plucked all the low-hanging fruit, you’re surprised at the next one. When you purchase a home, the lender requires you to buy an insurance policy ensuring that you have title to the house. In case, ya know, somebody knocks on your door and says hey, “My great-great-grandparents owned this house.” I’ve now paid title on my home 3 times in under 3 years (thanks to the refi). I recently listened to the CEO of Doma, they’re trying to clean up the problems to a solution that hasn’t changed in a hundred years (Irrelevant Investor)
Biden’s SEC is ready to regulate cryptocurrency The Securities and Exchange Commission (SEC) — led by Gary Gensler, who taught a class on cryptocurrency at MIT — is trying to make the case that it can and will regulate whatever cryptocurrency investment schemes it decides fall under its purview. The relative newness and rapid expansion of the cryptocurrency industry have put it in a regulatory gray area. The Internal Revenue Service (IRS) classifies crypto as property. The Commodity Futures Trading Commission (CFTC) considers crypto to be a commodity. And the SEC has said that digital assets “may be securities, depending on the facts and circumstances.” (Recode)
The Screen in Your Car Is Beckoning “Infotainment” systems are becoming flashy, feature-packed distractions—and carmakers are just getting started. (Slate)
How a Viral Video Bent Reality A conspiracy film energized the “9/11 truther” movement. It also supplied the template for the current age of disinformation. (New York Times)
Cameras, Drones and X-Ray Vans: How 9/11 Transformed the N.Y.P.D. Forever Two decades after the attack on New York City, the Police Department is using counterterrorism tools and tactics to combat routine street crime. (New York Times)
Looking back on the legacy of Sasha and John Digweed It’s been 13 long years since the duo last played together in Australia. We sat down with them to chat through their incredible journey so far. Chances are you’ve heard of the names Sasha and John Digweed. Separately they are still two of underground electronic music’s most loved and enduring DJs. But together they are a force of nature that has reached an almost mythical status. (Red Bull)
Videos of the Week
Reimagining Slopestyle MTB | Brandon Semenuk REALM Brandon Semenuk is back! This time, he reimagines the true essence of Slopestyle MTB by designing four unique features in hopes of advancing and promoting creativity in the sport, and allowing riders to bring their own creative riding styles to the table. 🛠 .
TOM DUGAN | Odyssey BMX - The Hell Are You DUGAN? Tom Dugan made his way out to California for a week to chill with the crew, ride bikes, and meet new property owners. Featuring Justin Spriet and Broc Raiford too. Enjoy!
GABRIEL CHAVEZ AT DIRT WORLD
UNITED BMX - Clement Santos-Silva - BIENVENUE
SUBSTANCE BMX - PROPER NORTH
The Dime/Vans Video Alexis, Dustin, Leon, Una plus plenty more from the Dime and Vans camp spread the hype from Canada to NYC. Oh yeah, it’s good.
Marcus Shaw's "RÅDZ" éS Footwear Part Marcus grinds away the granite at Oslo’s City Hall with the precision of a sculptor. That switch crooks closer is timeless.
Element Skateboards "Gabriel É Pro!" Part Already a household name in Brazil, Gabriel’s bringing his act Stateside, wreckin’ sets and the O-Side hubba while earning a pro board in the process. This is how it’s done.
Massive Surf Hits Teahupoo, Tahiti, Friday August 13th 2021 Friday, August 13th, 2021 was a day that’ll go down in Teahupoo surf history. Documented by the legendary Tim McKenna, featuring chargers like Kauli Vaast, Nathan Florence, Jerome Sayhoun, Eimeo Czermak, JB Prunier, O’Neill Massin, Ramzi Boukiam, Justine Dupont, Lucas