Tuesday morning news drop
It’s the Worst Bond Market Since 1842. That’s the Good News. The four-decade-long bull market in bonds is over, but that doesn’t mean you should dump them (Wall Street Journal)
Stock Market Bottom-Fishers Are Trawling Risky Waters The S&P 500 is down 10% this year, but there’s no way to know if this is a good time to buy. (Bloomberg)
Five reasons the Fed is playing catch-up They took too long to fight inflation. Here are their best excuses. (Full Stack Economics)
America is trying to fix the chip shortage one factory at a time A billion-dollar chip factory just opened in upstate New York. The Biden administration wants more. (Vox)
Nurses are not OK: Why they’re quitting their jobs, and what it means for the future of healthcare Stagnant wages, abusive patients and short staffing were growing problems. Then came covid. (Grid)
Abortion Case Leak Shows That the Supreme Court Is Broken: The release of a draft majority opinion overturning Roe v. Wade turns a constitutional tragedy into an institutional calamity. (Bloomberg)
The case against the Supreme Court of the United States The Court was the midwife of Jim Crow, the right hand of union busters, and the dead hand of the Confederacy, and is now one of the chief architects of America’s democratic decline. (Vox)
The War in Ukraine, as Seen on Russian TV Russian television’s convoluted and sometimes contradictory narratives about the war are not solely intended to convince viewers that their version of events is true, disinformation experts say. Just as often, the goal is to confuse viewers and sow distrust so audiences are not sure what to believe. (New York Times)
How millions of Russians are tearing holes in the Digital Iron Curtain A surge in virtual private network downloads is a challenge to Vladimir Putin and his version of the war. (Washington Post)
True costs: How the oil industry cast climate policy as an economic burden For 30 years, the debate has largely ignored the soaring costs of inaction. (Grist)
Exposed by a Strava KOM: The many lives of a fake pro cyclist: Australian cyclist Nick Clark built a loyal following at his Virginia bike shop, based in part on his national and international results and a lengthy professional career. There was just one problem: none of it was true. This is the strange tale of the unravelling of a years-long deception – the ‘Catch Me If You Can’-like story of a man with a claimed past as a pro cyclist, a soldier, a CEO, a lawyer, an author, an academic, a hostage responder, and a weapons instructor. (CyclingTips)