Friday morning news drop
CFA Pass Rate Stays Close to Record Low at 43% for Final Exam Low success rates stems from date changes amid pandemic and the pass rate for Level III is third-lowest in exam’s history (Bloomberg)
New signs of wage inflation may force Bank of Canada's hand in raising rates Friday's expected jobs decline may offer little inflation relief as wage demands grow (CBC)
Why Big Chains Thrived While Small Restaurants Died How the National Restaurant Association bent the government to the will of the corporate behemoths—and left workers in the dust. (Mother Jones)
Markets Are a Beauty Contest: If I gave you information from the future, how confident are you that you could beat the market? (Irrelevant Investor)
The Titans of Junk Debt Turned Trash Into Bond-Market Treasure Netflix—or “Debtflix,” if you prefer—Tesla, T-Mobile, and Dell borrowed billions in an era of historic low rates. They’ve been getting some timely upgrades. (Bloomberg)
Value Investing Is Back. But for How Long? Value investing—buying stocks that are cheap on measures such as earnings or book value—is having a renaissance. Up to last Thursday, large value stocks beat more expensive “growth” stocks by the most of any 50-day period since the technology bubble burst in 2000-01, with the exception of the post-vaccine rebound early last year. (Wall Street Journal)
How to roll out big ideas and avoid the Museum of Failure Scaling is the process of rolling out something on a large scale. Whether it’s a social movement seeking to improve society with a policy to reduce inequality, or a corporation trying to make a buck, scaling is central to what most major organizations are usually trying to achieve. “If an idea doesn’t scale to change the world, then what is an idea really worth in the end?” (NPR)
How Facebook Is Morphing Into Meta Shifting a 68,000-person social networking company toward the theoretical metaverse has caused internal disruption and uncertainty. (New York Times)
Athletes Are Getting Burned by Weed Rules. Is the Sports World Out of Touch? Cannabis attitudes have changed since Ross Rebagliati’s Olympic mishap in 1998, but pro sports remain stuck in the past (Walrus)
How Coldwater Adventurer Josh Mulcoy Stumbled Upon a Perfect Wave in Alaska
27 years after first exploring Alaska’s coast Josh Mulcoy returns to find a new wave (Surfer).
Designing the Apocalypse Movies like ‘Independence Day’ and ‘The Day After Tomorrow’ made Roland Emmerich a master of destruction. Now with ‘Moonfall’ he’s trying to top himself once again—but that’s an arduous process full of hard decisions. (Ringer)
Videos of the Week
On Days Like These We Must Surf: Surfing on a lake? Impossible, right? Wrong. Loveable wild man Larry Cavero lives for surfing the ice-cold waters of The Great Lakes in this short doc about the burgeoning surf scene around Toronto, Canada.
Day 4 Highlights Billabong Pro Pipeline | World Champs And Wildcards Make More History At Pipe
Finding Flow In Squamish With Rhys Verner: If you want to make it in the world of enduro, it pays to base yourself somewhere that offers all the necessary ingredients you’ll need to succeed. For Canadian racer and Forbidden Synthesis team member Rhys Verner, such thoughts rarely register and for good reason. Born and raised in Squamish, British Columbia – arguably the epicentre of Canadian enduro – Rhys is surrounded by some of the most fertile training grounds for enduro, in the world, and the ideal playground for the Forbidden Druid. Please join Rhys as he ventures into the wet n’ wild woods of his backyard in search of the flow that resides between rock, root and rut...
Back To The Classics - Vincent Pernin: I wanted to ride some big high speed freeride lines in my local area, which isn’t an easy task as I had to go high in the mountains to find them. It took a little while exploring, but in the end, I found a bunch of really interesting lines. We patiently waited until the last days before the snow begins to arrive for winter and it made the landscapes even better. We had a blast during the days of filming, just being there in the middle of nature in a quiet and peaceful place. This is such a great feeling. I hope you enjoy watching it as much as we did making it.
AN EPIC (and heartbreaking) BEST TRICK EVENT - BMX TRIPLE CHALLENGE - ANAHEIM 2022
Homebound - Mike Gray - HARO BMX With travel restrictions and mandatory quarantines making international travel as easy as building a wheel with your hands tied behind your back... Mike Gray has been tucked away in Canada, quietly shredding roofs, ledges, banks and rails with the Toronto homies, stacking clips for his latest
Broc Raiford - Strike: Strike while the iron's hot. Put a prime cutty spot or a big setup in front of Broc Raiford, and he'll take advantage of it. Enjoy!
Trey Jones - Still Wild: Trey went out to California and filmed an all new video with Chris Gregson. Wild spots, wild lines, and wild tricks, Trey Jones is Still Wild!
Didrik Galasso's "Deedz Deedz Deedz" Part