News From the Control Tower - 3/9/2022
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Economic Ties Among Nations Spur Peace. Or Do They?
The Russian invasion of Ukraine strains the long-held idea that shared interests around business and commerce can deflect military conflict.
For some crypto holders, Russia’s invasion of Ukraine is an opportunity—and a validation of their increasingly radical beliefs.
3. What the U.S. labor shortage means for child care in the U.S.
NPR's Michel Martin speaks with child care researcher Elliot Haspell about the accessibility of child care in the U.S.
"So the child care industry is in what the U.S. Treasury Department calls a market failure."
4. In Conversation with Lana Swartz
“Scams are particularly important to understand right now because the boundaries between legitimate and illegitimate forms of capitalism seem to be in flux.”
5. Fraud Is Flourishing on Zelle. The Banks Say It’s Not Their Problem.
Zelle, the payments platform used by millions of customers, is a popular target of scammers. But banks have been reluctant to make fraud victims whole — despite owning the system.
And on Twitter, the reporter walks through how the scam works, getting Justin for $500:
Bonus: The Seshoseki Killing Stone, Said to Have Sealed a Vengeful Fox Demon Over 1000 Years Ago, Splits in Half