Avert your eyes! My Sunday morning look at incompetency, corruption, and policy failures:
• “If You’re Getting a W-2, You’re a Sucker” There are many differences between the rich and the rest of us, but one of the most consequential for your taxes is whether most of your income comes from wages. (Pro Publica)
• When Nokia Pulled Out of Russia, a Vast Surveillance System Remained The Finnish company played a key role in enabling Russia’s cyberspying, documents show, raising questions of corporate responsibility. (New York Times)
• ‘Discrimination was their brand’: how Abercrombie & Fitch fell out of fashion A revealing new Netflix documentary looks back on the highs of the fashion brand that dominated a generation before controversies dragged it down. (The Guardian)
• Gun deaths were the leading killer of US children in 2020: Guns overtook car crashes to become the leading cause of death for US children and teenagers in 2020, new research shows. Data from the Centers for Disease Control and Prevention (CDC) shows that over 4,300 young Americans died of firearm-related injuries in 2020. While suicides contributed to the toll, the data shows that homicides form the majority of gun-related deaths. (BBC)
• Trump Judge Finds That CDC Lacks Power To…Control Disease Spread In her order, District Judge Kathryn Kimball Mizelle goes to great lengths in search of rationale to explain how the agency in charge of stifling disease spread could have been out of bounds in issuing a mandate to reduce the transmission of COVID-19 in crowded hotspots like airports and trains. (Talking Points Memo) see also Mask Mandate Struck Down Because ‘Sanitation’ Doesn’t Mean ‘Keeping Things Clean’ For… Reasons One of the least qualified judges on the federal bench proves why she’s not qualified for the federal bench. (Above the Law)
• The Unapologetic Heirs of Nazi Fortunes: How can it be that three of Germany’s most powerful business families, their companies and their charities are so out of step with the country’s lauded remembrance culture? (New York Times)
• Texans spend billions on the border. What do they get in return? Rick Perry and Greg Abbott have launched widely publicized and costly border initiatives for nearly two decades — often during reelection season or while eyeing higher office. (Marshall Project)
• Meet the woman behind Libs of TikTok, secretly fueling the right’s outrage machine A popular Twitter account has morphed into a social media phenomenon, spreading anti-LGBTQ+ sentiment and shaping public discourse. (Washington Post)
• ‘Why was this a good way to enforce the law?’: Evaluating the tragedy of Patrick Lyoya Hundreds of unarmed drivers and passengers have been killed by police during traffic stops in the last five years. (Grid)
• The Slime Machine Targeting Dozens of Biden Nominees: In an escalation of partisan warfare, a little-known dark-money group is trying to thwart the President’s entire slate. (New Yorker)
Be sure to check out our Masters in Business interview this weekend with Mark Jenkins, Head of Global Credit, at Carlyle. The firm manages over $300 billion in assets. Carlyle’s Global Credit platform manages over $73 billion in assets in liquid, illiquid, and real asset strategies.
The Size of Major Ukrainian Cities
Source: Information Is Beautiful
To learn how these reads are assembled each day, please see this.