Monday morning news drop
Following a Trail of Tainted Money From China Into Vancouver Real Estate A man accused of paying bribes in one of China's biggest-ever military corruption scandals allegedly funneled at least 114 million Canadian dollars into banks in that country before investing more than CA$32 million in luxury Vancouver real estate. (Toronto Star)
The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue The market collapse isn’t just the inevitable result of macroeconomic forces like high interest rates and inflation. It’s also the best opportunity in more than a decade to reckon with the tech industry’s excess. (Businessweek)
Bull Market Rhymes There are recurring cycles, ups and downs, but the course of events is essentially the same, with small variations. It has been said that history repeats itself this is perhaps not quite correct it merely rhymes. (Oaktree Capital)
They spent a fortune on pictures of apes and cats. Do they regret it? The market for digital collectibles is in flux, leading investors to consider what the artwork is really worth. (Washington Post)
Big U.S. Cities Lost More Residents as Covid-19 Pandemic Stretched On San Francisco and Chicago population totals are near 2010 levels. (Wall Street Journal)
Trump Is Telling Allies His Record on Abortion Could Hurt His 2024 Chances Trump fears that by laying the groundwork to overturn Roe v. Wade, he has enraged ‘suburban women’ and given his enemies an opening, sources tell Rolling Stone. (Rolling Stone)
How America Sold Out Little League Baseball The privatization of American youth sports over the past 40 years is one of those revolutions of late-stage capitalism that should shock us more than it does. We have commodified the play of millions of children into a $19.2 billion business, weakening volunteer-based programs that promise affordable sports for all children. It is a trend mirrored by our schools, hospitals and military. Once-proud public institutions are being privatized, with many unintended consequences. (America)
Crypto’s Future Is Even More Exciting, and Maybe More Volatile, Than Its Present: Yet despite its vast technological and financial potential, the crypto industry is finding it tough to break into the mainstream, as investors retrench into safer assets while regulators bear down with more rules. (Barron’s)
How Capitalism Drives Cancel Culture: Beware splashy corporate gestures when they leave existing power structures intact (The Atlantic)
The Government Finally Figured Out What Hackers Are the Good Guys The more interesting—and potentially more important—elements of the new charging policy are the ones that focus on security research and what it means to exceed authorized access. (Slate)
This Old Man: Life in the nineties: I’m ninety-three, and I’m feeling great. Well, pretty great, unless I’ve forgotten to take a couple of Tylenols in the past four or five hours, in which case I’ve begun to feel some jagged little pains shooting down my left forearm and into the base of the thumb. Shingles, in 1996, with resultant nerve damage. (New Yorker)
They all starred in ‘Godspell.’ Then they became comedy legends. An oral history of the improbable 1972 Toronto production, featuring Martin Short, Eugene Levy, Gilda Radner, Andrea Martin, Victor Garber and Paul Shaffer. (Washington Post)
