My Sunday morning take 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 Nineties certifying fraudulent monetary statements from Enron, the Texas-based power 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 an alternative of remodeling the sneaker large right into a high-tech powerhouse, John Donahoe pissed off companions and upset followers. (Businessweek)
• How Inflation Fooled Virtually All people: With the slicing 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 Thousands and thousands of China’s Greatest-Paid Employees: China created an expert class in report time. Now, simply as swiftly, a lot of their desires are being crushed. (Bloomberg)
• Community of Georgia election officers strategizing to undermine 2024 end result: Emails reveal Georgia Election Integrity Coalition, a gaggle of officers and election deniers, coordinating in swing state. Terrifying. (The Guardian)
• One Million Are Now Useless or Injured within the Russia-Ukraine Conflict: Excessive losses on either side are posing issues on battlefield and accelerating demographic fears. (Wall Road Journal)
• How Roberts Formed Trump’s Supreme Courtroom 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 Instances) however see We Helped John Roberts Assemble His Picture as a Centrist. We Have been So Improper. The character John Roberts performs as an affable centrist steward of the court docket’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 revolt instances and he didn’t, on this occasion, observe within the wake of the court docket’s aggressive conservative maximalists. He was the aggressive conservative maximalist. And he created majority opinions in his personal picture. (Slate)
• ‘Pig-Butchering’ Scams Price Individuals 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 sort of fraud. (Wall Road Journal)
• Elon Musk Is Debasing American Society: He’s not simply enabling trolls; he’s personally endorsing their posts. (The Atlantic)
• The way to keep away from sanewashing Trump (and different politicians): Sanewashing is the act of packaging radical and outrageous statements in a method 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)
Remember to try our Masters in Enterprise this week with Victor Khosla, Founder and CIO of Strategic Worth Companions. The agency manages $19 billion in shopper property throughout a variety of international personal credit score, distressed debt, onerous property (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 price of the flush bathroom Smartphones took 10 years to perform the identical
Supply: @MikeZaccardi
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