Thursday morning news drop
Bank of Canada hikes key interest rate to 0.5% More small rate hikes expected as central bank tries to rein in inflation (Bank of Canada)
TikTok Was Designed for War As Russia’s invasion of Ukraine plays out online, the platform’s design and algorithm prove ideal for the messiness of war—but a nightmare for the truth. (Wired)
Let’s Recall What Exactly Paul Manafort and Rudy Giuliani Were Doing in Ukraine President Trump’s former campaign chairman and former lawyer worked with, between them, a deposed authoritarian president, a bevy of oligarchs, Russia-oriented politicians and alleged Russian spies. (ProPublica)
How Vladimir Putin Miscalculated the Economic Cost of Invading Ukraine The Russian leader apparently failed to anticipate the unprecedented targeting of the Central Bank of Russia, a step that has battered the ruble and shaken the country’s financial system. (New Yorker)
As Tanks Rolled Into Ukraine, So Did Malware. Then Microsoft Entered the War. After years of talks about the need for public-private partnerships to combat cyberattacks, the war in Ukraine is stress-testing the system. (New York Times)
Is the cyberwar coming or is it already here? Russia’s history of destructive cyberattacks in Ukraine is raising concerns about a cyberwar in the future. (Vox)
One Year, 14 Metrics: The State of Biden’s Presidency. Evaluating Biden’s first year in office through a series of metrics as our guide to the administration’s progress throughout his second year and beyond. (Bloomberg)'
BC Housing’s COVID-19 Response: Property Purchases BC Housing purchased nine properties in Vancouver and Victoria in 2020 and 2021 to provide temporary housing to people experiencing homelessness during the COVID-19 pandemic. The properties represented a significant public investment – totalling $221 million – that had to be secured quickly during the emergency. This audit examined whether BC Housing’s property purchases followed relevant approvals, policies and procedures. (Auditor General)
‘Hard-partying bands are the outliers now’: how rock’n’roll broke up with booze and drugs (The Guardian)
Ian Bremmer on What Investors Should Know About Ukraine and Russia On this special episode of Live from the Compound, Ian Bremmer, President of Eurasia Group and GZERO Media, joins Josh Brown, Michael Batnick, and Ben Carlson to discuss how Russia's invasion of Ukraine could impact markets and the world economy. (YouTube)