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Monday, May 16, 2022

Nw: 🌍 Musk gets the funds

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Correct morning,  Quartz readers!

Here’s what you would possibly perhaps well also want to seize

Elon Musk secured $7 billion in funding to purchase Twitter. Larry Ellison, Oracle co-founder and Tesla board member, is pitching in $1 billion.

Price hikes didn’t walk over neatly… Shares slumped on Wall Avenue, with the Nasdaq and Dow indices having their worst days since 2020.

…but oil’s doing swell. Costs rose to their highest since March, buoyed by an OPEC output ratification and a US thought to fill up indecent reserves later this year.

The US publishes April’s jobs file. The recordsdata are launched at 8.30am US eastern time on the present time, and enhance is anticipated to remain strong.

Boeing is lively its headquarters to the Washington home. The corporate is shifting from Chicago to Arlington, Virginia, thanks to “proximity to our prospects and stakeholders.”

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What to witness for

Image copyright: Reuters/Tyrone Siu

John Lee, Hong Kong’s sole candidate for chief executive, greets other folks sooner than the election, Could per chance well 4, 2022.

Hong Kong will put aside on a demonstrate of “democracyon Sunday (Could per chance well 8) when a small team of electors votes for a single Beijing-permitted candidate who’s all but guaranteed the job of chief executive.

That particular person is John Lee, an ex-cop and ragged safety chief who pushed for a disastrous extradition legislation that sparked large protests in 2019. For that debacle, Lee used to be rewarded with a promotion to town’s second highest location of business. Now, barring unexpected conditions, he’ll turn into Hong Kong’s high official. (Treasure his predecessor Carrie Lam, Lee is sanctioned by the US).

Preordained elections are hallmarks of authoritarian regimes. But Lee’s appointment would possibly perhaps well also be distinguished for one more motive: he’ll be town’s first chief executive with out an extensive civil provider or commerce background. His legislation enforcement pedigree suggests national safety components are China’s high priority for Hong Kong.

How to drink sustainably

In case your Cinco de Mayo involving plans are extending into the weekend (but for various reasons, you’re carried out with tequila), you are going to be tempted by mezcal.

Over the past decade, mezcal has more and more joined tequila as the Mexican spirit of possibility. But with booze comes overindulgence. In the case of mezcal, the enhance has led to the overharvesting of wild agaves (also accessible in Spanish).

5.8 million: Liters of mezcal Mexico exported in 2019

50%: Amplify in American imports of mezcal in 2019

53: Species of Mexican agave primitive to come by mezcal

But there is a methodology to drink mezcal sustainably. In step with Quartz reporter Samanth Subramanian, there’re no not up to three stuff you must search for—two of which bolt.

The commerce of bullshit

Bullshit is in every single location and takes many kinds, but in areas of work it’s usually evidenced by acronyms, outrageous jargon, and records-unfortunate communication. Attain you judge you would possibly perhaps well also have confidence a aesthetic bullshit detector? Lift our take a look at to accept out.

Handpicked Quartz

Tales our readers especially preferred.

✌️ American citizens are tranquil quitting their jobs in file numbers

💼  China is attempting to commerce its problematic retirement age

💰 Some Sri Lankans invested in cryptocurrency to take care of the country’s financial disaster

🚰 As Russia fights Ukraine in Donbas, locals cooperate to retain the water flowing

🏭  Russia’s misplaced alumina present from Ukraine is now coming from China

🙈  Bored Ape Yacht Membership’s metaverse NFTs trace investors $181 million in “fuel” charges

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Surprising discoveries

Bigger than 350,000 Korean childhood have confidence Samsung shares. Collectively, their shares are worth around $890 million.

Lagos’s “Face-Me-I-Face-You” properties signal town’s population enhance. The title comes from awkwardly divided single-family properties where doorways face one one more.

Ms. Pac-Man sooner or later gets her due. The 41-year-historical arcade sport entered the World Video Sport Corridor of Repute, seven years after Pac-Man.

Original Zealand has nearly eradicated a lethal cattle disease. Fully a single farm has mycoplasma bovis, a bacterial an infection that has killed bigger than 175,000 cows.

Pasta as we understand it—dry and willing to boil—used to be born in the 1200s. Sicily used to be its location of delivery, but how did the meals accept its methodology to pantries globally? Discover in the most recent episode of the Quartz Obsession podcast.

🍝 Hear on: Apple Podcasts | Spotify | Google | Stitcher

Our finest needs for a productive day. Ship any recordsdata, feedback, good neighbors, and Ms. Pac-Man arcade machines to hi there@qz.com. Receive the most out of Quartz by downloading our iOS app and changing into a member. These days’s Day-to-day Temporary used to be brought to you by Hasit Shah, Julia Malleck, Mary Hui, Anne Quito, and Morgan Haefner.
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