Corporate Fraud, Climate Change, and Kanye West

Thursday morning articles

  • Just How Common Is Corporate Fraud? A new study estimates that on average 10 percent of public companies commit securities fraud each year. (New York Times)

  • Skipped Showers, Paper Plates: An Arizona Suburb’s Water Is Cut Off: Hundreds of homes outside the boundaries of Scottsdale can no longer get water from the city, now their owners are living a worst-case scenario of drought in the West. (New York Times)

  • Parts of Greenland now hotter than at any time in the past 1,000 years: New research in the northern part of Greenland finds temperatures are already 2.7 degrees warmer than they were in the 20th century. (Washington Post)

  • Elon Musk’s Appetite for Destruction: A wave of lawsuits argue that Tesla’s self-driving software is dangerously overhyped. What can its blind spots teach us about the company’s erratic C.E.O.? (New York Times)

  • There’s no planet B: The scientific evidence is clear: the only celestial body that can support us is the one we evolved with. Here’s why (Aeon)

  • As its only remaining elected officials depart, Haiti reaches a breaking point. Haiti, a country long beset by catastrophe and political turmoil, is facing perhaps its steepest challenge in recent decades as its piecemeal government, now lacking any democratically elected officials, struggles to chart a path forward amid gang violence and a cholera outbreak. (NPR)

  • SBF, Bored Ape Yacht Club, and the Spectacular Hangover: After the Art World’s NFT Gold Rush Auction houses and talent agencies thought the Web3 works were a fast track to billions. If it weren’t for a global crypto meltdown, they might have pulled it off. (Vanity Fair)

  • A Global Perspective on the Car Shortage: Pandemic-Era Car Shortages are the Defining Example of Supply-Chain Driven Inflation—And Vehicle Production Issues Are Still an Ongoing Worldwide Crisis. (Apricitas Economics)

  • Fed to deliver two 25-basis-point hikes in Q1, followed by long pause: The U.S. Federal Reserve will end its tightening cycle after a 25-basis-point hike at each of its next two policy meetings and then likely hold interest rates steady for at least the rest of the year, according to most economists in a Reuters poll. (Reuters)

  • Why some people can’t tell left from right: It can seem like an almost childish mistake, but a surprising number of adults — one in six — confuse left from right and scientists are only just starting to understand why. (BBC)

  • Is It Really a Good Idea to Micromanage Your Life With an App? Jira, Monday, Todoist, Trello–the internet is full of project management tools promising to simplify your life. But who do they really work for? (Vice)

  • The Evolution of Patrick Mahomes Into a Football Man in Full: On the verge of his second NFL MVP award and a win away from his fifth straight AFC championship game, the Chiefs quarterback answered every possible question in 2022 and became a better version of himself. (The Ringer)

  • Kanye Is Never Coming Back From This: Ye’s knack for self-sabotage has gone too far, and his former allies are letting him know. (Rolling Stone)