WWTOPAS
- ECONOMY
The Billion-Dollar Nickel-Swap Scandal That Shocked Singapore
(Bloomberg Businessweek) — Not long after the novel coronavirus arrived in Singapore, forcing the hyperconnected city-state to shut its borders…
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Airlines Are Ripping Out Business Seats to Create a New Middle Class
(Bloomberg Businessweek) — For decades, ferrying tourists to vacation destinations has helped major airlines cover basic costs, but the front…
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China’s Nightmare Evergrande Scenario Is an Uncontrolled Crash
(Bloomberg) — Protests intensify at China Evergrande Group offices across the country as the developer falls further behind on promises…
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Peter Thiel Gamed Silicon Valley, Donald Trump, and Democracy to Make Billions, Tax-Free
(Bloomberg Businessweek) — The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the…
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How Target Got Cozy With the Cops, Turning Black Neighbors Into Suspects
(Bloomberg Businessweek) — Before police Sergeant Alice White assigns officers to work off duty at the East Lake Street Target…
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It’s the Beginning of the End of Easy Money
Central banks are starting to tip-toe away from the emergency stimulus they deployed to fight the pandemic-driven global recession. Federal…
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The Family Behind the Covid Bleach Cure Was Making a Fortune
(Bloomberg Businessweek) — Mark Grenon jolted awake in a sweat, his heart pounding. He’d been shaken by a nightmare that…
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Solar Storms Are Back, Threatening Power Grids and Satellites
(Bloomberg) — A few days ago, millions of tons of super-heated gas shot off from the surface of the sun…
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More and More `Normies’ of Finance Are Getting ETH-Pilled
As a “normie” in the traditional finance world, I’m trying to remain intellectually open to the crypto space. There are…
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How to Build a Portfolio That Outperforms for a Century
(Bloomberg) — There’s a scene in 2011’s “Moneyball” — the Hollywood take on Michael Lewis’s 2003 book — where economics grad Peter Brand describes a…
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The Pandemic Is Creating a ‘Postwar Boom’ for Luxury Carmakers
(Bloomberg) — Famously reticent to disclose how many cars they sell or at what amount of profit, luxury automakers are finding it…
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When Does a Commodities Boom Turn Into a Supercycle?
(Bloomberg) — A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be…
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