Wednesday morning news drop
When Should You Hire a Financial Advisor? Should you hire a financial advisor? Are they worth the cost? Is now the right time? (Of Dollars and Data)
GM and Ford, Driving to Beat Tesla, Turn on Each Other Detroit’s greatest rivalry is intensifying in the race to dominate in electric vehicles; Silverado vs. F-150 Lightning: GM plans to flood the market with a few dozen EV models across a wide price spectrum. Ford plans a narrower range of models but has emphasized speed to market. (Wall Street Journal)
Water Investments Are No Longer Just an Environmental Play “It’s an industry that’s characterized [by] some of the most positive long-duration, inflation-protected pricing power of any industry,” says Water Asset Management’s Matthew Diserio. (Institutional Investor)
Clearing Out: BC’s Logging Industry Sets Its Sights on the US Facing ecological and political uncertainty at home, some of the province’s largest lumber producers are looking south (Walrus)
Metals Haven’t Crashed This Hard Since the Great Recession Prices for copper, tin and other metals plummeted last week as recession fears grow. (Bloomberg)
America Wasted Its Chance to Push the Economy Forward: Interest rates were low for years. Imagine how much the country could have gotten done. (The Atlantic)
Missing Middle mythbuster: Developer debunks 5 misconceptions of Victoria’s housing initiative If you live in the City of Victoria you’ll soon receive a notice in the mail with details on the city’s information session for its much-discussed Missing Middle Housing Initiative. (Cheknews)
Cancelled flight? Shoddy clothing? Disappointing meal? Blame skimpflation, the hidden curse of 2022 Reluctant to raise prices, refusing to sacrifice profits, travel companies, retailers and restaurateurs are cutting corners wherever they can, usually without telling their customers. Is poor quality the new normal? (The Guardian)
Mike Novogratz on His Big Crypto Mistake and What’s Ahead for Bitcoin The crypto crash, in luna and the industry more broadly, has burned Galaxy’s portfolio and, presumably, a chunk of Novogratz’s net worth. To be fair, in our last conversation, around cryptocurrency’s peak last year, he did advise newly rich crypto investors to “be prudent, take some chips and buy yourself a house if you can afford it.” (New York Magazine)
Can Crypto’s Richest Man Stand the Cold? Changpeng Zhao built Binance into the world’s biggest digital currency exchange. Now he faces a looming regulatory crackdown in a brutal crypto winter. (Businessweek)
Game over? New language law puts Quebec's video game industry at risk, insiders say Bill 96 will make it harder to attract talent during skilled labour shortage, sector fears (CBC)
The Supreme Court’s Legitimacy Is Already Lost: Regardless of Roe falling, the leaks, and the court’s disregard for the public it is supposed to serve, have already gone too far. (Slate)
Southern Ontario’s challenge: increase housing without losing farmland Golden Horseshoe municipalities have until July 1 to produce a growth plan that looks to 2051. Doug Ford's government prefers single-family housing, but some cities and regions are resisting urban sprawl (Narwhal)