Avert your eyes! My Sunday morning take a look at incompetency, corruption and coverage failures:
• The Subsequent Disaster Will Begin With Empty Workplace Buildings: Business actual property is shedding worth quick. (The Atlantic)
• The Horse Isn’t Actual. Folks Are Betting on It Anyway. In digital sports activities betting, the home edge is insane, there’s much more stigma and the racing by no means stops. (Vice)
• Plagiarism Engine: Google’s Content material-Swiping AI Might Break the Web: The Search Generative Expertise appears extra like a text-copying expertise. (Tom’s {Hardware})
• The Nice Grift: How billions in COVID-19 aid assist was stolen or wasted: All of it led to the best grift in U.S. historical past, with thieves plundering billions of {dollars} in federal COVID-19 aid assist meant to fight the worst pandemic in a century and to stabilize an financial system in free fall. (AP)
• When a Huawei Bid Turned Right into a Hunt for a Company Mole: At TDC in Copenhagen, senior managers had been potential suspects. The corporate’s workplaces had been compromised, folks had been getting tailed. After which there have been the drones… (Businessweek)
• Energy corporations quietly pushed $215m into US politics by way of darkish cash teams: Donations have helped utilities enhance electrical energy costs, hinder photo voltaic schemes and helped elect sympathetic legislators. (The Guardian)
• Taiwan sees MeToo wave of allegations after Netflix present: Taiwan is being rocked by a wave of sexual harassment and assault allegations – sparked by a Netflix present which many say has ignited a neighborhood MeToo motion. (BBC)
• When We Are Afraid: On educating in a purple state, the silences in our historical past classes, and all I by no means discovered about my hometown. (Longreads)
• Counting Russia’s lifeless in Ukraine – and what it says in regards to the altering face of the battle: Russia has a historical past of extraordinary secrecy over its wartime losses. So when it invaded Ukraine, the BBC and its companions started painstakingly verifying and counting as many deaths as doable, figuring out greater than 25,000 named people, setting a naked minimal for Russia’s complete losses. The depend supplies laborious proof of the battle’s affect on Russian forces. But it surely has additionally given solutions to grieving households and kin who didn’t know what had occurred to their family members till the BBC traced them. (BBC)
• Trump’s post-indictment speech was a grasp class in different details and false sufferer narratives: Although it appeared like his camp was initially reticent to deal with the specifics of the indictment, Trump went into an in depth protection earlier than a crowd at his Bedminster, New Jersey, golf membership. He offered alternate histories, authorized disinformation, and false claims of political victimization to craft a story that he appeared to imagine his followers will settle for as reality. General, the speech previewed a method to neutralize the affect of a case that might stretch nicely into the 2024 election and past. (Vox)
Be sure you try our Masters in Enterprise interview this weekend with NBC Information and former WSJ reporter Gretchen Morgenson. The Pulitizer value profitable investigative journalist is the creator of a brand new e-book, These Are the Plunderers: How Non-public Fairness Runs―and Wrecks―America.
‘Shadow Banks’ Account for Half of the World’s Belongings—and Pose Rising Dangers
Supply: Barron’s
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