Climate and Central Banks: Regulators Doing What They Shouldn’t

European Central Bank President Christine Lagarde addresses an event to launch the private finance agenda of the 2020 United Nations Climate Change Conference in London, England, February 27, 2020. (Tolga Akmen/Pool via Reuters)
I felt spoiled for choice when it came to a topic with which to preface this week’s Capital Letter. Dogecoin went quite a long way toward the moon, the U.N.’s secretary-general has pushed for a “solidarity” or wealth tax, and digging further into the details of the administration’s planned new corporate-tax regime produced yet more nasty surprises.

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Somehow WeWork—WeWork!—Is on the Cusp of Thriving

Comebacks is a series about businesses that have made dramatic turnarounds during the pandemic, in partnership with Slate’s Thrilling Tales of Modern Capitalism podcast.
If you had to bet on a company to thrive at the start of a once-in-a-century global pandemic, you would have been on the right track with vaccine-maker Moderna (stock up 750 percent in the past 12 months), digital conference software Zoom (stock up 400 percent), or e-commerce giant Amazon (up 72 percent—for a market capitalization of $1.5 trillion).

Read original

Somehow WeWork—WeWork!—Is on the Cusp of Thriving

Comebacks is a series about businesses that have made dramatic turnarounds during the pandemic, in partnership with Slate’s Thrilling Tales of Modern Capitalism podcast.
If you had to bet on a company to thrive at the start of a once-in-a-century global pandemic, you would have been on the right track with vaccine-maker Moderna (stock up 750 percent in the past 12 months), digital conference software Zoom (stock up 400 percent), or e-commerce giant Amazon (up 72 percent—for a market capitalization of $1.5 trillion).

Read original

Somehow WeWork—WeWork!—Is on the Cusp of Thriving

Comebacks is a series about businesses that have made dramatic turnarounds during the pandemic, in partnership with Slate’s Thrilling Tales of Modern Capitalism podcast.
If you had to bet on a company to thrive at the start of a once-in-a-century global pandemic, you would have been on the right track with vaccine-maker Moderna (stock up 750 percent in the past 12 months), digital conference software Zoom (stock up 400 percent), or e-commerce giant Amazon (up 72 percent—for a market capitalization of $1.5 trillion).

Read original