10 Sunday readings

Protect your eyes! My sunday morning Look at the incompetence, corruption and policy failures:

• Why interest rate cuts won’t solve a global housing affordability crisis: Central bankers are cutting borrowing costs, but that won’t be a cure for the widespread lack of affordable housing. (New York Times)

• Three events that speak of Greed: The Mars-Kellanova merger, the Kroger-Albertsons lawsuit, and the antitrust lawsuit against RealPage all strengthen its case against price-fixing. (American Prospect)

• When interest rates fall, hucksters rise: An investment advisory firm was touting “guaranteed” annual returns of up to 17.1% — until our columnist started asking questions. (Wall Street Journal)

• Sunk cost: The rise and fall of NFTs made and undid OpenSea — the largest marketplace for the crypto asset. But the company’s internal accounts reveal a chaotic work environment, constantly shifting priorities and problems with the SEC. (The Verge)

• Boeing’s never-ending tailspin could take NASA with it: This is a fiasco. And not just because of the strain it puts on astronauts and their families. Boeing’s engineering woes extend beyond the Starliner; they threaten NASA’s larger goals of returning to the Moon through its Artemis program, for which Boeing has become an essential partner. I’m told that a number of retired astronauts are increasingly troubled by Boeing’s performance. This loss of confidence helps throw the entire Artemis program into a new state of uncertainty. (New York Times)

• Private Equity comes to youth sports: Children’s sports have become an expensive, high-pressure business. An industry famous for squeezing value claims it will make the experience better. (Business Week)

• F-35: $2T in ‘generational wealth’ that the military was not allowed to spend: F-35: $2k in “generational wealth” that the military was not allowed to spend. The Joint Strike Fighter was priced at $200 billion in 2001, now the kids born that year haven’t finished college and the plane is still not ready for prime time. (Responsible state ship)

• The housing estates faced a racist past. Then came the commission processes: One of the biggest challenges for black and other minority buyers is that many are not just first-time buyers, but the first in their generation in their families to purchase property. Only 45.3% of black Americans are homeowners, compared to 74.4% for whites. (USA Today)

• Why I left the network: America is in the midst of a mental health crisis. But finding a therapist who makes insurance can feel impossible. Insurers say that’s because there aren’t enough therapists. It is not entirely true. (ProPublica)

• Conservatives who sold their souls for Trump: Anti-Trumpers Rage and Shame Gets Worse. (The Atlantic)/ see also In a test of character, Trump shows his true self: In his disorientation, the GOP nominee and former president retreats to his gut. (Washington Post)

Be sure to check out our Master of Business this week with Heather Brilliant, 2019 CEO of publicly traded Diamond Hill (DHIL). The firm manages $26 billion in client assets through a bottom-up stock selection. Previously, she was CEO of First State Investments.

Trump’s plans would add $5.8 trillion to the national debt

Source: Axios

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To find out how these readings are assembled each day, please see this.

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