My 4th of July morning reads:
• US states once flooded with cash see their fortunes suddenly reversed: California and New York lead revenue declines so far this year Texas and Florida coffers continue to grow amid population influx. (Bloomberg)
• The Localist: Why has Chicago become the headquarters of free market fundamentalism? Adam Smith offers a clue as to why the Scottish philosopher became an icon of American capitalism. (Boston review)
• Suddenly it looks like we’re in a golden age for medicine: We may be at the dawn of an era of astonishing innovation, the limits of which are not even clear yet. (New York Times)
• The depths to which we go: Making sense of absence in Missouri’s ever-dissolving karst. (Long reads)
• Against exercise machines: Ellipticals, weightlifting machines, bikes with screens, ditch them all. (Slate)
• The first MAGA democrat: Robert F. Kennedy Jr. feeds America’s appetite for conspiracies. (Atlantic) see also The inner work of Robert F. Kennedy Jr.: How a literal conspiratorial Kennedy posing as a populist underdog shook up the Democratic Party. (New York Review)
• HBO shows are coming to Netflix. Here’s why it matters. Netflix has decided to become HBO. Now it will air real HBO shows. Farewell, streaming wars? (Voice)
• For most students, affirmative action was never enough: It’s not until you reach 70-80% admission rates that you start to see colleges where the majority of students attend 56% of those students go to a school that admits at least three quarters of its candidates. These statistics reveal a simple fact about affirmative action in higher education: it matters very little to the majority of American students. (New York Times)
• The black hole at the heart of our galaxy is on an accelerating trajectory, space-time ripples reveal: Gravitational waves from supermassive black holes like the one at the center of the Milky Way offer clues to their fate. (the wall street journal)
• Dave Grohl Mortality Monument: With a ferocity all his own, the leader of the Foo Fighters preys on the whims of sudden loss. (Atlantic)
Be sure to check out our Masters in Business interview this weekend with Ilana Weinstein, Founder and CEO of IDW Group, the leading recruiter of fund managers and traders for many of the biggest hedge funds. She previously worked at Goldman Sachs and Boston Consulting Group, and is a graduate of the University of Pennsylvania and Harvard Business School.
Fires caused by fireworks
Source: Data flow
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