Welcome to Bespoke Brunch Reads — a linkfest of the favorite things we read over the past week. The links are mostly market related, but there are some other interesting subjects covered as well. We hope you enjoy the food for thought as a supplement to the research we provide you during the week.

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The League

‘The Losses Have Already Been Substantial.’ Adam Silver Addresses Fallout From the NBA-China Controversy by Sean Gregory (Time)

NBA Commissioner Adam Silver reports that the league is already losing millions in revenues in China and is willing to do so in order to stand behind its values related to freedom of expression. [Link]

Inside LeBron James’ and Adam Silver’s make-or-break moments in China by Dave McMenamin (ESPN)

A fascinating piece of reporting looking at the experience of players and league officials on the ground in Asia in the hours after the Houston Rockets’ GM tweeted support for pro-democracy protestors in Hong Kong. [Link; auto-playing video]

NBA exec: ‘It’s the dirty little secret that everybody knows about’ by Baxter Holmes (ESPN)

Sleep deprivation driven by ridiculously tight scheduling across multiple time zones and games played late into the night is a serious problem for basketball players and their teams. [Link]

The Wealthy

Credit Suisse to start charging wealthy clients for cash deposits by Joh Revill and Oliver Hirt (Reuters)

Negative interest rates are going to be passed on to high-balance deposits of more than 2mm CHF, with a 75 bps negative rate. Smaller balances will be unaffected. [Link]

Why Don’t Rich People Just Stop Working? by Alex Williams (NYT)

An investigation of why the most wealthy tend to keep earning money even though they already have so much; a human question, as much as an economic one. [Link; soft paywall]


The New Parental Obsession: Checking Kids’ Grades Online by Julie Jargon (WSJ)

Technology now means parents can see how their kids are doing at school in near-real time, presenting parents with a difficult quandary: to check grades or leave their kids room to learn on their own. [Link; paywall]

What It’s Like To Be A Single Dad Living On Minimum Wage by Quinn Myers (Mel)

Money diaries from men who are living on the edges of what’s possible on low wages and with spiraling costs for utilities and rent. [Link]


Impeachment Could Mean Most Presidential Candidates Can’t Leave Washington, Or Talk. Sorry, Those Are (Really) The Rules. by Paul McLeod (Buzzfeed)

Senate rules require that an impeachment recommendation delivered by the House would require Senators to be in session Monday-Saturday for several weeks, taking Senators Booker, Bennet, Harris, Klobuchar, Sanders, and Warren off the campaign trail. [Link]

Justin Trudeau Is in Trouble. Voters Get to Say How Much by Theophilos Argitis, Cedric Sam and Stephen Wicary (Bloomberg)

With Canada headed to the polls tomorrow, polls show a very tight race between the reigning liberals and the right wing Conservatives, as well as a late surge from the leftward-leaning NDP. [Link; soft paywall]


Building China’s Comac C919 airplane involved a lot of hacking, report says by Catalin Cimpanu (ZDnet)

China’s entry into the narrow body jet market is a remarkable effort at hacking of suppliers in order to onshore all manufacturing of the plane’s components. [Link]

Human Guinea Pigs About to Embark on World’s First 20-Hour Airline Flight by Angus Whitley (Bloomberg)

Extremely efficient new planes mean the limiting condition on air service is no longer fuel, but the amount of time that humans can sit in an airplane. [Link; soft paywall, auto-playing video]


A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades by Brandon Kochkodin (Bloomberg)

Popular sub-Reddit WallStreetBets is famous for ludicrously long-odds plays by retail trades, but the most recent lottery payout is truly one of the ages. [Link; soft paywall]

How A Massive Facebook Scam Siphoned Millions Of Dollars From Unsuspecting Boomers by Craig Silverman (Buzzfeed)

San Diego’s Ad Inc. was designed to trick the elderly into signing up for “free” trials that came with a very hefty subscription on the back end and were almost impossible to cancel. [Link]


China’s Biggest Refiner to Reduce Operations After Freight Rates Skyrocket by Alfred Cang, Sharon Cho, and Serene Cheong (Bloomberg)

With freight rates surging, crude demand is softening thanks to lower refiner runs, all thanks to US sanctions on specific Chinese shipowners. [Link; soft paywall]


Housing and Recessions by Bill McBride (Calculated Risk)

An update on housing market data (very strong) and what it means for the economic outlook (recession doesn’t look particularly likely). [Link]

Social Media

TikTok has moved into Facebook’s backyard and is starting to poach its employees by Salvador Rodriguez (CNBC)

The exploding popularity of the short video app fueled by algorithms has led the firm to expand its Silicon Valley operations, picking up hiring. [Link]

Old Is New Again

The strange revival of vinyl records (The Economist)

Vinyl is still only 4% of total music sales but it’s a growing market thanks to the quality of the sound that old fashioned records put out. [Link; soft paywall]

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Have a great weekend!

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