Friday morning news drop
Brace yourself: Interest rates could be headed up even faster and higher than we thought Some economists now think Bank of Canada rate could go twice as high as it was pre-pandemic (CBC)
America’s inflation problem is weirdly hard to fix America’s inflation problem, explained to the extent it is possible.(Vox)
Softwood lumber prices remain flat as transportation headaches continue Shipping delays continued to be the main word as inventories in the field were waning and deliveries were frustratingly slow. Sawmills were able to keep strong order files of up to four weeks so prices remained flat. Lumber yards at suppliers were choked due to sheer lack of rails cars coming in as well as difficulty sourcing trucks. (Canadian Forest Industries)
War in Ukraine: what explains the calm in global stock markets? Amid surprise that the financial system has not been dealt a more severe blow there are warnings of systemic risks still to be uncovered. (Financial Times)
The Last Cell Tower in Mariupol For weeks, a lone mobile base station allowed thousands in the besieged Ukrainian city to stay connected—until Russian troops arrived. (Wired)
The Worst Part of Working From Home Is Now Haunting Reopened Offices. Hybrid schedules are supposed to provide the best of both worlds: all the benefits of working from home (no commute, more focus, hanging out with the dog, whatever it may be) plus the benefit of in-person collaboration with colleagues. The problem is … much of the time, it isn’t happening that way. (Slate)
The female problem: how male bias in medical trials ruined women’s health. Centuries of female exclusion has meant women’s diseases are often missed, misdiagnosed or remain a total mystery. (The Guardian)
Inside the Tow Truck Mafia: How Organized Crime Took Over Canada’s Towing Industry Back alley deals, fake crashes, arson, and even murder—nothing is off limits in the ruthless world of Canada's towing companies. (The Drive)
Cancelled ferry sailings are a symptom of a longstanding problem in the marine industry. It’s only going to get worse. Worker shortages are now endemic in the industry—but warnings started decades ago. (Capital Daily)
'On the verge of mental and physical breakdown': why a growing number of Victoria nurses are quitting Victoria nurses cite short staffing, payroll issues, abuse as reasons for leaving the industry. (Capital Daily)
Let It Go Kevin Durant thought he was leaving the turmoil in Golden State, but whether it’s Kyrie Irving’s vaccination status, the James Harden trade, or the other James Harden trade, his Nets tenure has been full of disruptions. Yet, as he enters his mid-30s, KD is more Zen than ever. “Before, I used to worry about expectations,” he says, “but now, I’m solidified and confident in what I bring.” (Ringer)
Videos of the Week
Art Form: “The surfboard is a constant blending of curves and how they interact with the water. Making those curves feel comfortable, like an extension of your feet and your mind, is so interesting...there shouldn’t be any rules about what a surfboard looks like.” - Matt Parker.
Corey Martinez on His Levo SL Professional BMX rider, Corey Martinez, has found good times aboard a Specialized Turbo Levo SL recently, keeping the creativity alive on both trails and in the streets.
Finn Iles Takes on Portugal Tracks with Style Rupert Walker, Tommy and I spent a week in Portugal filming before the first World Cup and this is what we came up with!
Brook MacDonald's Dream Track: Brook “The Bulldog” MacDonald is back! Back riding bikes all day every day! No race tape this time around, but that doesn't mean the MTB heavyweight from New Zealand held back. On the contrary, Brook let his imagination loose for this one. To build his Dream Track, he joined forces with Remy Morton and the result is nothing short of MTB magic.
Lucy Van Eesteren Joins Race Face: Personality shows itself in many ways, both on and off the bike. For 16-year-old Lucy Van Eesteren, it means a healthy dose of dad jokes, ironic comments, and pop-culture references paired with some very impressive riding abilities. We’re looking forward to seeing big things from this young rider in 2022 as she continues to sharpen her skills on the bike and her humour off the bike. And who knows, maybe we’ll even get to see an epic dad joke battle with the Godfather himself, Wade Simmons. Welcome Lucy, we’re stoked to have you on the team!
Jon Mackellar - The Best F****ing Edit Ever: Australian rider Jon "Termite" Mackellar comes through with top tier biking on dirt, street, and park for one well rounded video part! Video: Tim Storey.
Daniel DuBois' "Madness" Part Dan's been making waves in The Bay for a minute, but this part showcases the true magnitude of his potential, from heavy rails to the bricks of China Banks.
Better Than You CM Punk vs MJF in the feud of the year