Avert your eyes! My Sunday morning take a look at incompetency, corruption and coverage failures:
• Contained in the Delirious Rise of ‘Superfake’ Purses: Are you able to inform the distinction between a $10,000 Chanel bag and a $200 knockoff? Virtually no one can, and it’s turning luxurious vogue the other way up. (New York Occasions)
• ‘We’re All Worse Off’ Britain is now paying the value for its determination to go away the European Union. (The Atlantic)
• Straw Ban Arguments: How the overhyped environmental risks of single-use plastic straws have been changed into a terrific ethical campaign by a 9-year-old. (Pill)
• US debt ceiling disaster might be defined in three phrases: Marjorie Taylor Greene OK, it’s not 100% truthful accountable America hurling towards an financial disaster solely on the Georgia congresswoman, however she and her fellow MAGA lawmakers are actually on the root of the US’s dilemma. (USA Right now)
• 10-year-olds amongst lots of of youngsters discovered working at McDonald’s eating places: Two 10-year-olds have been found working unpaid and till as late as 2 a.m. at one McDonald’s restaurant in Louisville, Kentucky, operated by Bauer Meals LLC, the Labor Division mentioned in a information launch. (NBC Information) see additionally Sad meals: One of many franchises, Bauer Meals LLC, additionally illegally employed two 10-year-olds. Underneath the Truthful Labor Requirements Act, minors underneath the age of 14 are typically not permitted to work. Regardless of this, the 2 youngsters did quite a lot of duties like prepping meals, cleansing the shop, and taking drive-thru orders — working as late as 2 AM. In response to the Labor Division, one of many 10-year-olds additionally operated a deep fryer, which is prohibited for staff beneath the age of 16. Neither of the 10-year-olds have been even paid for his or her work, the Labor Division decided. (Standard Info)
• The Fugitive Princesses of Dubai Because the emirate’s ruler espoused gender equality, 4 royal girls staked their lives on escaping his management. (New Yorker)
• Dumbing Down Pink-State Universities Will Provoke a Mind Drain: Universities in these states are on the glide path to uselessness, particularly for the reason that assault on greater training is unfolding in the identical states which might be at warfare with girls’s reproductive well being and voting rights. Already we’ve seen college candidates, college-age college students and medical professionals checking these states off their lists. This development is sort of sure to worsen earlier than it will get higher as America devolves into two international locations: one which nurtures brainpower, and one which watches proudly because it drains away. (Los Angeles Occasions) see additionally The medical doctors leaving anti-abortion states: ‘I couldn’t do my job in any respect’ 4 months after Roe v Wade was overturned, some suppliers have left states proscribing abortions or modified careers. (The Guardian)
• The professional-Trump pastors embracing ‘overt white Christian nationalism’ Group Pastors for Trump is drawing sharp rebukes from mainstream Christian leaders for being extremist, distorting spiritual teachings and endangering American democracy. (The Guardian)
• Clarence Thomas Had a Youngster in Personal College. Harlan Crow Paid the Tuition. Crow paid for personal faculty for a relative Thomas mentioned he was elevating “as a son.” “That is manner exterior the norm,” mentioned a former White Home ethics lawyer. (ProPublica) see additionally Clarence Thomas’s ethics are usually not the Supreme Court docket’s solely downside. “The moral conduct of the Supreme Court docket has been underneath rising scrutiny,” Emmarie Huetteman wrote. “Questions have been raised over Justice Clarence Thomas’s appearances earlier than Republican-backed teams and his acceptance of favors from a contributor in Texas, Harlan Crow, in addition to over his spouse, Virginia Thomas, and her job as a conservative advocate.” Huetteman hasn’t labored for the NYT since 2017. So how’d she seize the present gestalt so precisely? As a result of it hasn’t modified since 2011, when she wrote the passage above. (Washington Publish)
• The deputy and the disappeared: A Latino man and a Black man went lacking three months aside in Florida. Each vanished after getting in a patrol automobile pushed by the identical White deputy sheriff. (CNN)
You should definitely try our Masters in Enterprise interview this weekend with Julian Salisbury, Chief Funding Officer of Goldman Sachs Asset & Wealth Administration, with $737 billion in belongings underneath administration. He’s a member of the Administration Committee and Co-Chair of the Asset Administration Funding Committees, (personal fairness, infrastructure, development fairness, credit score, and actual property).
FDIC-reported financial institution failures (no IBs and non-U.S. banks).
To find out how these reads are assembled every day, please see this.