News From the Control Tower - 10/6/2021

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       The workers who keep global supply chains moving are warning of a 'system collapse'

In an open letter Wednesday to heads of state attending the United Nations General Assembly, the International Chamber of Shipping (ICS) and other industry groups warned of a "global transport system collapse" if governments do not restore freedom of movement to transport workers and give them priority to receive vaccines recognized by the World Health Organization.

2.       El Salvador’s Bitcoin Law Is a Farce

The system doesn’t work, the currency crashed, and the public hates it.

3.       Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful

Millions of documents reveal offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials

4.       An Umpire Took One Too Many Foul Balls to the Face. He Invented a Solution.

A former minor-league ump has created a new mask that is designed to minimize the risk of concussion and other head injuries. It’s winning over MLB catchers.

5.       Knoxville housing expert: Market unlike pre-2008 burst

Lending standards are higher today, meaning there are fewer foreclosures. That change has resulted in more qualified buyers with higher credit scores in the market who are taking out loans more within their means.

Bonus: Fat Babes in the Wild makes the outdoors sexy

It is a group that believes getting people out in nature—whether on a hike, for a photo shoot or another form of activity—promotes body positivity.