Friday morning news drop
We were all wrong’: how Germany got hooked on Russian energy Germany has been forced to admit it was a terrible mistake to become so dependent on Russian oil and gas. So why did it happen? (Guardian)
Rallies to the Bottom: In the realm of U.S. stock market history there are four major bottoms —1932, 1974, 2003, and 2009. While all of these are unique in their own way, each had at least three rallies of 10% or more on the way down. Its useful to exam how the U.S. stock market has bottomed historically and the false rallies that have occurred along the way. (Of Dollars And Data)
When Crypto’s Tulipmania Meets The Real Economy Regulators begin to consider how to keep DeFi from becoming the next subprime. (Bloomberg)
Jack Welch’s questionable legacy: Welch’s legacy ultimately helped destroy General Electric, a former giant of American industrialism. A combination of scandals, terrible deal-making and the financial crisis drove the company into a ditch. Soon, it won’t exist in its current form anymore — current leadership plans on dividing the company into three parts. (Axios)
Why Boeing’s successful Starliner test is a big deal: Space is playing an increasingly active role in everyday life, whether that’s through the rise of space tourism or satellite internet. That makes this moment an important milestone for competition in the commercial space industry. It’s also a critical step forward for anyone worried that the future of space is already too dependent on a single company, one that’s largely controlled by Elon Musk. (Vox)
The State Laws That Are Most Effective at Stopping Mass Shootings: With casualties mounting after the shooting in Uvalde, Texas, a health scholar’s research has found that enacting a few state policies can reduce gun violence by a third. (CityLab)
Where Does the Supply Chain Crisis Stand Now? There are signs the tide may be turning even as challenges continue in some sectors. (Morningstar)
How Much Punishment Is Enough for the Driver Who Caused the Humboldt Crash? Jaskirat Singh Sidhu readily accepted his lengthy jail sentence but is now fighting his deportation order. What should justice look like after an accident? (Walrus)
Videos of the Week
Dean Tennant - Langford Gravity Zone RAW: NOBL ambassador and Langford Gravity Zone project manager Dean Tennant shows us how Vancouver Island's newest bike park is meant to be ridden.
Gorge Road - Billy Meaclem: Gorge Road is an Absolut work of art and one of the world's best public jump parks. This season it's been looking better than it has in years and riding... well, you'll just have to see Billy Meaclem doing his thing in order to understand! Big thank you to everyone that has been digging there to get this place where it is now. Rider: Billy Meaclem. Video: Josh Birkenhake & Billy Meaclem.
Bruno Hoffmann - Federal 2022: Bruno has been busy filming with Rich Forne to bring you his latest video. Click play to see what Bruno does best.
Vans x The Bloom: The Bloom brought some of the most inspirational women in BMX together for a tour from Northern to Southern California. Vans x The Bloom kicked off on International Women’s Day and included Bloom BMX co-founders Angie Marino (USA) and Beatrice Trang (CAN), along with photographer Naoki Gaman (JPN). The trip was internationally represented with Perris Benegas (USA), Linda Grabner (AUT), Maca Grasset (CHI), and Teresa Fernandez-Miranda (ESP). Over a span of nine days, the crew ventured on a dream-like tour from San Francisco to Huntington Beach, hitting up parks, trails and street along the way.
Dylan Jaeb's "Hi" Part Dylan hops Mainland stacks with flawless form and endless combos. Good to see this kid in the streets!
Jake Anderson's "STOP" Part Jake goes for broke, gets smoked and keeps powering through in his heaviest rip yet. Backup from Koston and the other Mental homies put a bow on it.
Silas Baxter-Neal's "Burrow" Habitat Part Sowing his home turf, Silas finds new potential in Portland's crust with quick lines and high-impact hammers set to the sounds of Tom Waits. Once a SOTY........
Psychic Migrations: Over a year and a half in the making and featuring a cast of surfing’s most capable and compelling characters, anticipation is peaking for the release of Volcom Stone’s latest feature surf film, Psychic Migrations. Following 2014’s True To This, a surf-skate-snow epic, the forthcoming Psychic Migrations is yet another inspired Veeco Production that builds on more than 20 years and 30 influential films from the world of Volcom. Directed by veteran surf filmmaker Ryan Thomas and shot on location in the West Indies, East Indies, Australia, Polynesia, and the Americas, the film weaves the physical expression of riding a rousing score of waves with a cerebral odyssey through the scapes and textures travelled to find them. Starring: Dusty Payne, Mitch Coleborn, Yago Dora, Nate Tyler, Carlos Muñoz, Ryan Burch, Andrew Doheny, Parker Coffin, Alex Gray, Balaram Stack, Mike Gleason, Miguel Tudela, Joan Duru, Imai Devault, Tom Dosland, Gavin Beschen, Ozzie Wright, and Kelly Slater.