Thursday morning news drop
The war in Ukraine is fuelling a global food crisis. Russia’s invasion of Ukraine in late February dramatically worsened the outlook for already inflated global food prices. While post-pandemic global demand, extreme weather, tightening food stocks, high energy prices, supply chain bottlenecks and export restrictions and taxes have been straining the food market for two years, the recent convergence of all these factors following Russia’s invasion is unprecedented and has sent food inflation rates spiking around the world. (Reuters)
Tech’s Decade of Stock-Market Dominance Ends, For Now Sector’s tumble is worst since 2002; value investors take victory lap (Wall Street Journal)
Vanguard Case Study: Active vs. Passive Investing What if Vanguard shareholders had invested actively, rather than with the company’s Growth and Value Index funds? (Morningstar)
Oil prices are rising, but Canada is getting comparatively less for every barrel — here's why Gap between benchmark oil price and cost for oilsands blend is widening (CBC)
How ‘Trustless’ Is Bitcoin, Really? In myth, the cryptocurrency is egalitarian, decentralized and all but anonymous. The reality is very different, scientists have found. (New York Times)
What the TSA could teach Congress about gun control TSA PreCheck uses enhanced background checks to make everyone safer. (Vox)
Is the $100 Million Car the New $100 Million Artwork? A rare Mercedes sold for $143 million, doubling the last record. Are cars worth that much, or are automobiles just the new asset where billionaires park their funds? (Vanity Fair)
Rapid EV Growth Hastens the Peak, Then Fall, of Internal Combustion Electric vehicles are taking off even faster than BNEF expected. Soon, the global fleet of gas cars will start to shrink and profoundly effect transportation and energy. (Bloomberg)
A single photo can change the world. I know, because I took one that did. Can a photograph help end a war? Pictures from Ukraine by combat photographers, including contract photographer James Nachtwey and Associated Press photojournalists Felipe Dana, Mstyslav Chernov and Evgeniy Maloletka, have brought to light the horrific consequences of Russia’s invasion and the unconscionable treatment of innocent civilians. Fifty years ago, I was in the same position as those photographers, working for the Associated Press in Vietnam. (Washington Post)
Slow water: can we tame urban floods by going with the flow? As we face increased flooding, China’s sponge cities are taking a new course. But can they steer the country away from concrete megadams? (Guardian)