10 Sunday readings

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

• Fox News: The disinformation engine that shaped and destroyed America: Since its inception, Fox News has had no interest in being a conservative counterweight to the so-called liberal media. He set out to create an alternate universe where facts were malleable and truth was all that kept his audience engaged. Think of it as a political reality show, except instead of roses, viewers were handed fear, outrage and lies. It wasn’t about keeping the public informed; it was about keeping them dependent. (The Intellectualist)

• The great theft of sea containers of 3 billion euros: How P&R Containers moved from shipping to the more profitable business of simply demolishing people. (Business Week)

• How Intel’s $108 billion buyout gambit backfired — a cautionary tale for tech giants: Intel’s focus on stock price over innovation has left it behind in the AI ​​race — and tech leaders should take note. (CTech)

• The homework free-for-all is coming to an end: Amazon’s CEO just called everyone back to the office full-time. If you thought two days a week from home was safe, think again. (Wall Street Journal)

• Do you remember the DNA you gave to 23 and Me? The company is in trouble, and anyone who has spit into one of the company’s test tubes should be concerned. (The Atlantic)

• Why Owning (and Buying) a Florida Condo Has ‘Turned into a Nightmare’ Following the tragic collapse of the buildings in 2021, MPs are calling on condominiums to fund restoration projects. The bills are crippling homeowners. (New York Times)

• Socialism with a bad climate: The first salvos of the interstate insurance wars. (How things work) see also How Hurricane Helene Became a Monster Storm: Helene packed a powerful punch due to her unusual size, strength, and speed. (The Verge)

• Defense, Denial and Misinformation: Uncovering the Oil Industry’s Early Knowledge of Climate Change: As early as 1959, oil industry executives understood the connection between burning fossil fuels and climate change. Soon after, industry scientists confirmed beyond a reasonable doubt that the burning of fossil fuels contributed to anthropogenic climate change. In response, oil companies have scrambled to promulgate climate change denial and disinformation to avoid government regulation. It was only in the late 1990s and early 2000s that oil companies began to publicly acknowledge the scientific consensus on climate change and responded by promoting market-based solutions to mitigate emissions. (Common house)

• Main character syndrome: Why it’s philosophically questionable to romanticize your own life, creating toxic narratives and the inability to truly love. (Aeon) see also Make her uncomfortable! Rather than a personal failure, embarrassment is a collective rupture—and a chance to rewrite the social script. (Aeon)

• Trae Stephens built AI weapons and worked for Donald Trump. As He sees it, Jesus would agree: He is deep in the world of defense-startups as a Founders Fund partner and co-founder of Anduril. His bunker, however, is not quite ready for the end of time. (via cable)

Be sure to check out our Masters in Business interview this weekend with Cutter Capital’s Vincent Aita. The firm is a market and factor neutral long/short hedge fund focused on health care companies. Prior to launching Cutter, he focused on healthcare in the US and Europe at Citadel and Millenium. Cutter has posted impressive numbers since launching in 2022, and now manages more than $500 million in institutional assets.

How Nvidia’s Monster Rally Broke Your Tech ETF With multiple $3 trillion companies in one sector, S&P was forced to change its index weighting rules

Source: Wall Street Journal

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

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