Monday morning news drop
In the debate over recession, an obscure curve is having a moment Is the Bank of Canada driving the economy toward a painful recession or steering it toward a “soft landing” in which inflation declines without a surge in unemployment? The answer could come down to a debate about job vacancies that has captivated economists over the past month. (Globe and Mail)
Holes in the Recession Story. With surging inflation and a new war in Europe, the first half of 2022 was understandably gloomy for economies and financial markets around the world. But recent developments offer some hope that the prevailing pessimism may no longer be as warranted as it was a few months ago. (Project Syndicate)
How the IRS Was Gutted: An eight-year campaign to slash the agency’s budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That’s good news for corporations and the wealthy. (ProPublica)
As Right-Wing Rhetoric Escalates, So Do Threats and Violence: Both threats of political violence and actual attacks have become a steady reality of American life. Experts blame dehumanizing and apocalyptic language. (New York Times)
If the Job Market Is So Good, Why Is Gig Work Thriving? Conventional employment opportunities abound, but online platforms still have appeal — for flexibility or additional income. (New York Times)
China is beating the U.S. in clean energy. Can America catch up? The race in five charts. China is the world’s biggest polluter — but also the biggest investor in clean energy. (Grid)
Mercedes and Ferrari’s Edge in the Electric Age: High-End Motors: Axial motors are smaller, lighter, more efficient and open up all sorts of possibilities for future performance cars. They will be crucial to brands like AMG and Ferrari as they race to electrify the high-performance vehicles that earn prestige and bumper profits. (Bloomberg)
Hundreds of kids witness parents shot to death. This is what it does to them: No one knows how many children in America witness their parents being shot to death. Like almost every aspect of the gun violence epidemic, its effects on child witnesses are seldom researched.. (Washington Post)
How the luxury fitness bubble popped as the pandemic wore on What will replace it? Affordable gym chains making a comeback, but challenges ahead (CBC)
McLovin It: An Oral History of ‘Superbad’ 15 years later, Seth Rogen, Evan Goldberg, Jonah Hill, Michael Cera, Emma Stone, Christopher Mintz-Plasse, Bill Hader, and more remember making their seminal teen comedy. (Vanity Fair)