Wednesday morning news drop
Canada wants to build 400,000 homes a year. Who’s going to build them? The government has promised to build about 400,000 homes annually for the next decade. There’s just one problem: It’s not clear there are enough workers to build them. (Global News)
Will Ottawa's plan to hike housing supply move the needle on home prices? Groups say they're encouraged by the steps taken, but not everyone is sold on the measures (Financial Post)
Paying people to buy an electric car is a really expensive way to cut emissions There are cautionary lessons for Canada here. In last week’s federal budget, Ottawa staked an additional $1.7-billion over three years on subsidies for EV buyers, plus $548-million to encourage businesses to switch to medium- and heavy-duty EVs (Globe and Mail)
Why Stocks Are Rallying in the Midst of a War and Soaring Inflation: Investors are confronting one of the most uncertain periods of their lifetimes. Stocks are rallying anyway. The S&P 500 has rebounded 7.6% from its 2022 low in March, cutting its losses for the year to about 6%. (Wall Street Journal)
I’ve Got Time to Recover From This Inflation, Right? Inflation hasn’t been this high since the early 1980s. Although this is not unprecedented – before then, it had been 65 years before it even reached those same levels – it is also not a regular occurrence. Hence why the Fed is adjusting the gears a bit higher, allowing the rest of the economy to coast downhill. (Wealth Found Me)
The Can’t-Lose Betting Strategy That’s Taking the Gamble Out of Sports Gambling Caesars, DraftKings, FanDuel, and others have been handing out untold millions in sign-up bonuses. Coupon-clipping types are playing them against each other to make risk-free bets. (Bloomberg)
Why the Past 10 Years of American Life Have Been Uniquely Stupid It’s not just a phase. (Atlantic)
How to Stop Procrastinating A science-based system to conquer chronic procrastination (Curiosity Chronicle)
Finding the next pandemic virus before it finds us The tricky work of seeking, sequencing, and sharing viruses around the world. (Vox)
How Liberia’s frontline health workers are protecting us all Remote regions of sub-Saharan Africa are among the world’s hotspots for new diseases. But Liberia is using an innovative approach to identify outbreaks before they become a problem. (BBC)
An ocean of noise: how sonic pollution is hurting marine life Today’s oceans are a tumult of engine roar, artificial sonar and seismic blasts that make it impossible for marine creatures to hunt or communicate. We could make it stop, so why don’t we? (Guardian)
The Future of the International Space Station Looks Dire For 30 years the U.S.-Russia partnership at the ISS was above it all. Now the U.S. finds itself in need of a friend, not a foe (Businessweek)
Pro-Russia Sentiment on Indian Twitter Draws Scrutiny While India and Russia have long had close ties, researchers say there are signs that social media posts parroting Kremlin talking points may not be legitimate. (New York Times)
Vintage Chevy Station Wagon: A Look Back The Chevrolet Nomad The '50s birthed some of the most iconic station wagons ever, and this includes the legendary Chevrolet Nomad. (Hot Cars)