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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Pelosi, Trump and impeachment: How the speaker got to ‘yes’ by Lisa Mascaro (AP)
A tick-tock of the days leading up to the decision by the Speaker of the House to pursue articles of impeachment against the President. [Link]
The Moderate Middle Is A Myth by Lee Drutman (FiveThirtyEight)
While political pundits love to urge a shift to a mythical middle, there are very, very few voters who are some combination of politically moderate, undecided, and independent, suggesting that fighting for those votes is a waste of candidates’ time. [Link]
Research & Development
Daimler stops development of internal combustion engines: Complete focus on EVs (Financial Express)
While the Mercedes-Benz parent will still be producing internal combustion engines for some time to come, the company is halting all future development of fossil fuel-burning engines. [Link]
A Beating Heart, Even After Death by Haider Warraich (NYT)
While severe heart failure is still best remedied with a heart transplant, pumps that replace the left ventricle of the human heart are keeping patients alive dramatically longer in a novel combination of human and machine. [Link; soft paywall]
Google’s ‘Quantum Supremacy’ Isn’t the End of Encryption by Tom Simonite (Wired)
A quantum computer operated by Google was able to surpass the performance of a conventional machine at a specific task, but the improvement is not yet generally applicable. [Link; soft paywall]
Miami Real Estate Is About To Collapse…by Harris Kupperman (Adventures In Capitalism)
A detailed walk-through of the highly levered and cyclical Miami housing market, which is choking on new supply and has no bid underneath in a potentially bad sign for the national economy. [Link]
Life in China Is Getting Harder, and Xi Jinping Should Worry (Bloomberg)
Slowing demand from abroad related to the US trade war, pork prices sent flying by swine flu, and the trend of declining growth are all causes for concern as the world’s most populous economy grinds along. [Link; soft paywall, auto-playing video]
The World’s Wealthiest Families Are Stockpiling Cash as Recession Fears Grow by Suzanne Woolley and Ben Stupples (Yahoo!/Bloomberg)
Very low interest rates, high valuations across equity markets and the private corporate market, and low corporate credit spreads leave cash looking pretty attractive. [Link]
Stories About My Brother by Prachi Gupta (Jezebel)
A memorial to a brilliant young man snuffed out too soon after a dangerous and painful procedure fueled by a lack of confidence. [Link]
The Beyond Meat burger is coming to McDonald’s in a Canadian test by Jordan Valinsky (CNN)
The world’s largest burger purveyor is dipping its toe into the meatless waters, in a possible preview of broader plans following the successful roll-out of plant-based meat substitutes at a number of US chains. [Link]
U.S. Military Issues Warning to Troops About Incel Violence at Joker Screenings [Updated] by Dell Cameron (Gizmodo)
The US Army warned servicemembers about potentially dangerous situations at screenings of Warner Brothers’ Joker after the FBI uncovered social media posts that suggest a risk of violence. [Link]
The Libertarians on the Anti-Krugman Cruise Just Want to Be Left Alone by Lizzie O’Leary (Bloomberg)
Does a high seas foray into the world of libertarianism, animated by the foil of New York Times economics editorialist Paul Krugman, sound interesting? We have just the cruise for you. [Link; soft paywall]
The Complete Beginner’s Guide to TikTok by Matt Schlicht (Medium)
Ever heard of Tik Tok and wondered what you’re missing? You probably should have and you probably should wonder. Here’s a quick explainer. [Link]
Why ETF Launches Have Ground To A Halt by Jeff Schlegel (Financial Advisor)
Only four new ETFs hit the market in August as product saturation and a lack of new ideas helped keep the industry from rolling out new options. [Link]
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Have a great weekend!