Monday morning news drop
Yield Curve Almost Flashes Recession, Maybe, but Who Knows When Whisper it quietly, but maybe the yield curve isn’t quite as useful as many think as a recession alert (Wall Street Journal)
The Entirely Predictable Impact of Salary Transparency Europe is about to decide whether to make everyone’s salaries public, a move that could dramatically narrow the gender pay gap. (Wired)
Say hello to Russian gold and Chinese petroyuan: The Russia-led Eurasia Economic Union and China just agreed to design the mechanism for an independent financial and monetary system that would bypass dollar transactions. (The Cradle)
Is Russia’s Largest Tech Company Too Big to Fail? It took 20 years for Arkady Volozh to build Yandex into Russia’s Google, Uber, Spotify, and Amazon combined. It took 20 days for everything to crumble. (Wired)
Explore the global assets of Russia's oligarchs and enablers A sizable chunk of Russia’s wealth has been siphoned offshore by corrupt politicians and well-connected businessmen. We wanted to know where it went — so we started hunting. OCCRP and its partners trawled land records, corporate registries, and offshore leaks to come up with this database of assets belonging to key figures close to Vladimir Putin. Proving the ownership of yachts, mansions, and planes is not easy, since their owners often take pains to keep them hidden. We only included assets in this database if our researchers uncovered clear evidence of their ownership. We’ve also included assets owned by family members and known proxies of the figures we investigated. Explore what we found below, and check back regularly for new additions. (OCCRP)
A turning point? More sellers enter Canada's housing market in February One month doesn’t make a trend but if February is any indication, more sellers may be (finally) making their way into Canada’s housing market. Early results from local real estate boards showed notable month-to-month increases in new listings across major markets. (RBC)
How Should Real-Estate Agents Be Paid? Many researchers and consumer advocates believe it’s time to change the commissions that home sellers pay. But how? Three researchers discuss some alternatives. (Wall Street Journal)
She Was a Candidate to Lead Levi’s. Then She Started Tweeting. Jennifer Sey left Levi’s after her advocacy against school closures and mask mandates for children gained attention. She says it’s a matter of free speech. The company disagrees. (New York Times)
Victoria's amalgamation frustration: why there are still 13 municipalities in BC's capital The absurdities of the Capital Regional District's municipal patchwork are real—but so are the arguments for decentralized power (Capital Daily)
Nicolas Cage Can Explain It All He is one of our great actors. Also one of our most inscrutable, most eccentric, and most misunderstood. But as Cage makes his case here, every extraordinary thing about his wild work and life actually makes perfect ordinary sense. (GQ)