10 Tuesday AM read

My two-for-Tuesday morning The train WFH reads:

A The rich are not what we think they are. And happiness is not what we think it is. This is not a small number of well-known tech and shopping billionaires but instead more than 140,000 Americans who earn more than $ 1.58 million per year. Researchers have found that ordinary rich Americans, in their words, own “regional businesses” such as “auto dealers” or “beverage distributors”. (New York Times) See more In East Hampton, It’s the Superrich Against the Merylli Rich. The plan would be to limit commercial helicopters; Private planes can still land. Noisy skies sleep and barbecue, residents say. (Wall Street Journal)

A Why can’t Elon Musk just walk away from the Twitter deal Her recent tweets could be a re-negotiation strategy. (Grid)

A What’s the point of crypto? Crypto is a problem or a solution to a problem. (Vox) See more Why this computer scientist says all cryptocurrencies “should die in the fire” Nicholas Weaver of UC-Berkeley has been studying cryptocurrency for years. He thinks it’s a terrible idea that will end in disaster. (Current event)

A Venture capitalists aim to disrupt fish farming: Forever Oceans says it has developed technology that allows it to push new boundaries for farmed fish. (Business Week)

A The current thing: Meme refers to the perceived conformity, insignificance, and confusion in a particular subset of social media users who (meme advises) blindly change their Facebook profile picture and Twitter, from news stories to news stories, issue by issue, whatever the predominance of news and commentary. Display names to “support” current things. (Read more) See more The current thing Concentration is a second-order effect of decentralization: when all the constraints on the content are removed, more energy is accumulated than before to the object of choice to navigate the content; Moreover, that energy is compounded on itself in a qualitative response loop. (Structural)

A Greed is inflation, gossip and price control There are really three questions here: Does corporate greed contribute to inflation? Market energy contributes to inflation? Is price control a good way to deal with market strength and / or inflation? (Nohpinion)

A Facebook has a super user-dominance problem: Most of the public activity on the platform comes from a small, hyperactive group of offensive users. Facebook decides based on what everyone will see. (Atlantic) See more How in 2022 an obscure ultra-right website with 3 employees dominates Facebook Evidence strongly suggests that certain sites are paying to post its content to a network of large Facebook pages, including several controlled by prominent conservative political figures. This behavior, if it really happens, is a direct violation of the rules of Facebook. (Popular info)

A Bad Bunny: Un Verano Scene Review – That’s why he’s the biggest pop star in the world: From Psychedalia to Indie-Pop to Uzi Regaton, this giant album showcases Puerto Rican’s boundless creativity (The Guardian)

A Inside the ultimate pressure from Mark Meadows to keep Trump in power: The former congressman played a key role in Trump’s efforts to overthrow the election, according to his text, congressional investigations and interviews. (Washington Post) See more ‘Provide some cover’: Batch of traitorous Eastman emails highlights communication with state legislature He proposed to the Pennsylvania legislature a way to overturn Joe Biden’s victory. (Politics)

A How a fringe paved the way for an NBA player to coach Boston Celtics Ime Udoka overcame long adversity and formed an NBA team after receiving last minute invitations to training camp. It was a month that would change his life. (Wall Street Journal)

Be sure to check out our Masters in Business next week with Boaz Weinstein of Saba Capital. Hedge Fund specializes in credit default swaps, tail protection and volatility trading. Saba 5 is one of the largest SPAC investors. Previously, Weinstein was co-chairman of Deutsche Bank’s Global Credit Trading and a member of the Global Markets Executive Committee. Against JPM, Weinstein became infamous as a trader on the other side of the London whale trade, losing ঙ্ক 2B to Bank and সাব 100 million to Saba.


How could it get worse?

Source: Chartr


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The post appeared on The Big Picture, the first to be read at 10 AM on Tuesday.

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