10 Friday AM Read – Big picture

My weekend morning The train WFH reads:

A Predicting the next recession: I’m not observing the recession: Recession callers back, and someone like ARK’s Kathy Wood and Home Depot Ken Langon claim the United States is already in recession. I do not agree. We saw negative real GDP growth in Q1, and we could see negative real GDP growth in Q2 – but that doesn’t mean the U.S. economy is in recession. (Calculated risk)

A Inside the secret, often bizarre world that decides what porn you are watching The de facto regulator of the adult industry is not the government, the international conference or the business itself. This is MasterCard and Visa. (Financial times)

A Tesla is killing coal and gas plants with its huge battery projects. Megapacks are utility-scale batteries, which means a power company can use them as a backup to save electricity for hundreds or thousands of customers. Each megapack battery can store three megawatt-hours (MWh) of electricity, which is enough to get about 100 US homes a day. Tesla’s largest battery installation involves a 256-megapack battery unit with a combined storage capacity of 730 MWh, enough to power about 25,000 US homes for a day or about 600,000 homes for an hour. (Quartz)

A Working from a tropical island to do new work from home Business-leisure travelers are a growing breed, and tourist hotspots want their trade. (Bloomberg)

A Meat, exclusive, mega farms: How the US food system fuels the climate crisis From a beef-heavy diet to a growing crop that doesn’t feed people – the biggest challenge facing the agricultural industry. (Parent)

A China has a public relations problem – and it’s not just over Hong Kong. Here’s why three charts. A new study shows that more and more people in developed economies have a negative view of China. (Grid)

A The widespread problem of tree hunting এবং and its far-reaching effects I have seen the scourge of timber smuggling in North America: the Pacific Northwest, the lush forests of Alaska, and the timber stands in the eastern and southern United States. Wood smuggling is everywhere, on different scales, throughout the seasons — one tree here, another there. It has become “a problem in every national forest”. (Literary Center)

A America is in the grip of a right-wing minority We are now at a stage where minorities are taking over. Worse, it is an extremist minority who have exploited the shortcomings of our system of government and imposed a retrograde policy on the rest of the country. (Los Angeles Times)

A ‘Pickleball is the Wild, Wild West’: Inside America’s Fighting the Growing Game There are: many leagues. Many federations. Fighting the millionaires. Bad behavior. And there’s a growing sports growth line. (Sports Illustrated)

A The golden age of old age actors Tom Cruise is no exception in ‘Top Song: Maverick’ – that rule. There is long-standing anecdotal evidence that top-line actors and actresses are getting older. Now, Ringer has the data to back it up. (The Ringer)

Be sure to check out our Masters in Business next week in Perth Toll with the founder and sponsor of the Freedom 100 Emerging Markets ETF, founder of the Life + Liberty Index. The first type of strategy uses the metrics of personal and economic independence as the primary cause of its investment process. Prior to the formation of the Life + Liberty Index, Perth was a personal wealth advisor to Fidelity Investments in Los Angeles and Houston, and lived and worked in Beijing and Hong Kong, where his observations led him to explore the relationship between freedom and the market.

Housing starts, 2021 and 2022

Source: Calculated Risk

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