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Weekend Reading: 14-15 May 2022

By Unconventional Economist in Links

at 12:05 am on May 14, 2022 | 242 comments

Global Macro / Markets / Investing:

Bitcoin’s plunge is hitting the little guy who got into crypto during COVID worst of all – Valkyrie Cryptofunds
Twitter freezing hiring and cutting costs as execs depart – CNBC
Ruble Surpasses Brazil’s Real as Year’s Best-Performing Currency – Yahoo
Disney Plus added almost 8 million new subscribers as Netflix struggles – The Verge
GameStop surges more than 30% and is halted in odd trading; AMC shares also pop – CNBC

Americas:

Elon Musk says Americans ‘are trying to avoid going to work at all,’ unlike Chinese workers who ‘will be burning the 3 a.m. oil’ – Yahoo
Texas Soldiers Are Unionizing After Facing Attacks by a Right-Wing Governor – Jacobin Mag
Why the Fed wants corporate America to have a hiring freeze – Yahoo
U.S. airline bookings dropped 17% in April as flights got even more expensive – CNBC
A Baby Formula Shortage Leaves Desperate Parents Searching for Food – NY Times
Biden administration cancels Alaska oil and gas lease sale – CBS News
Wholesale inflation climbs 11% in April, remaining near 40-year high – Fox Business
Tax professionals ‘horrified’ by IRS decision to destroy data on 30 million filers – CNBC
Inflation is Americans’ top concern: Pew study – Washington Post

Europe:

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