News From the Control Tower - 3/16/2022
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. How Western Firms Quietly Enabled Russian Oligarchs
Investment, law and lobbying firms have helped enmesh Kremlin-linked oligarchs into the Western financial and legal systems.
2. Banks to Keep Talking on Nickel Trading Losses, Tsingshan Says
Chinese metals producer says JPMorgan, others will continue talks, while nickel trading remains suspended on the London Metal Exchange
3. Walgreens replaced some fridge doors with screens. And some shoppers absolutely hate it
Walgreens and other retailers have swapped out the clear fridge and freezer doors at thousands of stores, instead adding opaque doors with iPad-like screens showing what's inside.
4. Is Canada ready for the ButterflyCup? It has no plastic lid, it’s biodegradable, it doesn’t leak — and A&W is launching it this month
For decades, fast-food chains have toiled to produce a cheap compostable takeout coffee cup that doesn’t spill. Starbucks couldn’t crack it — but A&W Canada’s thick cardboard origami solution may have solved the puzzle
5. ‘This is akin to a hostile takeover’
State officials ask residents of a small, predominantly Black town near the site of new Ford investment to forfeit their city charter or face takeover.
Bonus: 2022: 10 Breakthrough Technologies
MIT’s annual list of breakthrough technologies.