Look away!my sunday morning Look at the incompetence, the corruption, the policy failures.
• For over 30 years, technology has obliterated media.: My front row seat is a slow-moving disaster. (new york magazine)
• Banks from New York to Tokyo receive $560 billion real estate warning: Lenders face a decline in value after debt maturities and trading thaws. In response to changes in New York’s rent laws, the focus will also be on apartment complexes (bloomberg)
• Anxiety, mood swings, and sleepless nights: living near a bitcoin mine: Arkansas becomes the first state to protect noisy crypto operators from their hapless neighbors thanks to advocacy groups. After intense backlash, some lawmakers are considering a statewide ban. (new york times)
• Real estate agent commissions are still a big part of home sales.it may not last long. Despite years of technology disruption, housing fees remain near 6%. Now courts, consumers and some intermediaries are fighting back. (Barons)
• How serious is Tesla’s hazardous waste problem in California? Investigators sifting through Tesla trash found hazardous waste violations at more than 100 facilities. (The Verge)
• 6 reasons why weight loss drugs are so hard to get: Numerous roadblocks make it difficult for patients to obtain Wegovy and Zepbound. One nurse said finding Wegovy was “like winning the lottery.” (new york times)
• public vs public: By 2019, Publix was the second-largest distributor of oxycodone in Florida, surpassing CVS and second only to Walgreens. (Popular information)
• Inside an underground site where a “neural network” mass-produces fake IDs: The site, called OnlyFake, threatens to streamline everything from bank fraud to money laundering, and has implications for cybersecurity in general. (404)
• He hunts sloppy scientists.he finds a lot of prey. Introducing Sholto David. His error-finding led to the question, “If researchers don’t get the little things right, what else is going wrong?” (new york times)
• Prediction markets have election problems: Weeks after it became clear that Donald Trump lost the 2020 election, you could still make pennies on the dollar by betting that Joe Biden would win. Why doesn’t smart money drive out stupid money in the election market? (asterisk)
Be sure to check out this week’s Master of Business with David Einhorn. greenlight capitalGreenlight is a value-oriented hedge fund founded in January 1996. Since its inception, Greenlight has outperformed the S&P 500 by more than 300 basis points annually. He is famous for shorting Allied Capital and Lehman before his bankruptcy and was named one of Time Magazine’s 100 Most Influential People in the World.
2023 confirmed to be the world’s hottest year on record
sauce: BBC
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