My Sunday morning have a look at incompetency, corruption and coverage failures:
• The Contingency Contingent: My faux job in Y2K preparedness. It was a faux job as a result of Andersen was faking it. The agency spent the late Nineteen Nineties certifying fraudulent monetary statements from Enron, the Texas-based vitality firm that made monetary derivatives a family phrase, till that firm went bankrupt in a cloud of scandal and suicide and Andersen was convicted of obstruction of justice, surrendered its accounting licenses, and shuttered. However that was later. (N+1)
• The Man Who Made Nike Uncool: As a substitute of remodeling the sneaker big right into a high-tech powerhouse, John Donahoe pissed off companions and dissatisfied followers. (Businessweek)
• How Inflation Fooled Nearly Everyone: With the reducing charges for the primary time in years, what have we discovered in regards to the financial disruptions of the pandemic period? (New Yorker)
• Xi Unleashes a Disaster for Tens of millions of China’s Greatest-Paid Employees: China created knowledgeable class in document time. Now, simply as swiftly, lots of their desires are being crushed. (Bloomberg)
• Community of Georgia election officers strategizing to undermine 2024 outcome: Emails reveal Georgia Election Integrity Coalition, a bunch of officers and election deniers, coordinating in swing state. Terrifying. (The Guardian)
• One Million Are Now Lifeless or Injured within the Russia-Ukraine Warfare: Excessive losses on either side are posing issues on battlefield and accelerating demographic fears. (Wall Avenue Journal)
• How Roberts Formed Trump’s Supreme Court docket Profitable Streak: Behind the scenes, the chief justice molded three momentous Jan. 6 and election instances that helped decide the previous president’s destiny. (New York Occasions) however see We Helped John Roberts Assemble His Picture as a Centrist. We Have been So Unsuitable. The character John Roberts performs as an affable centrist steward of the courtroom’s reputational pursuits—created largely within the press and performed to the hilt by him—is a complete fiction. It was Roberts who determined that Trump and Trumpism would prevail in all three rebel instances and he didn’t, on this occasion, comply with within the wake of the courtroom’s aggressive conservative maximalists. He was the aggressive conservative maximalist. And he created majority opinions in his personal picture. (Slate)
• ‘Pig-Butchering’ Scams Price People Billions. This Lawyer Is Taking Them On. Prosecutor Erin West has been one of many few to have any success in opposition to the criminals perpetrating a brand new kind of fraud. (Wall Avenue Journal)
• Elon Musk Is Debasing American Society: He’s not simply enabling trolls; he’s personally endorsing their posts. (The Atlantic)
• How you can keep away from sanewashing Trump (and different politicians): Sanewashing is the act of packaging radical and outrageous statements in a approach that makes them appear regular. Right here’s how reporters can eschew it. (Poynter) see additionally Trump is 78 and barely coherent. The place’s everybody who questioned Biden’s age and health? The place are the headlines screaming: ‘Deranged previous man peddles nonsense whereas threatening violent deportation of immigrants’? (USA Immediately)
Be sure you take a look at our Masters in Enterprise this week with Victor Khosla, Founder and CIO of Strategic Worth Companions. The agency manages $19 billion in consumer belongings throughout a spread of international personal credit score, distressed debt, exhausting belongings (RE, infrastructure, planes, energy crops) and event-driven alternatives. He established the proprietary buying and selling desks at each Citi and Merrill Lynch, served as President of Cerberus Capital, and ran MooreSVP, a three way partnership with Moore Capital.
It took 75 years for a 75% adoption fee of the flush rest room Smartphones took 10 years to perform the identical
Supply: @MikeZaccardi
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