Investors fuelled by a forum on Reddit pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / AP
Investors fuelled by a forum on Reddit pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / AP
Welcome to the weekend.
Settle down with a cuppa and catch up on some of the best content from our premium syndicators this week.
Happy reading.
'Dumb money' is on GameStop, and it's beating Wall Street at its own game
A real estate salesman in Valparaiso, Indiana. A former linecook from the Bronx. An evangelical pastor and his wife in Huntington Beach, California. A high school student in the Milwaukee suburbs.
They are among the millions of amateur traders who collectively took on some of Wall Street's most sophisticated investors this week.
Propelled by a mix of greed and boredom, gleefully determined to teach Wall Street a lesson, and turbocharged by an endless flow of get-rich-quick hype and ideas delivered via social media, these investors piled into trades around several companies, pushing their stock prices to stratospheric levels.
The number of babies born to surrogates has risen in the past 10 years. Photo / 123RF
This is Wuhan now: A year later, the first post-pandemic city
The long months of harsh lockdown have faded from view in Wuhan, the first city in the world devastated by the new coronavirus. As residents look to move on, they cite a Chinese saying that warns against "forgetting the pain after a scar heals."
To many in this central Chinese city, the saying sums up a temptation to let go of the bad memories while revelling in the recovery. To families grieving in the shadows, it means the danger of hastily forgetting without a public reckoning for the lives needlessly lost.
Amanda Knox is now campaigning against wrongful convictions. Photo / Netlix
What Jeffrey Epstein did to earn $218 million from Leon Black
He styled himself as a math whiz and "financial doctor" to the rich — even though he was a college dropout who had only a brief tenure at a traditional Wall Street firm. It was said his services were available only to billionaires, whose affairs he handled mostly from a tropical island hideaway.
So what did Jeffrey Epstein do to earn hundreds of millions of dollars from a handful of wealthy clients like private equity billionaire Leon Black?
A woman walks through a deserted Square Mile during lockdown in London in April, 2019. Photo / Getty Images
Fauci on what working for Trump was really like
For almost 40 years, Dr. Anthony Fauci has held two jobs. As director of the National Institute of Allergy and Infectious Diseases, he has run one of the United States' premier research institutions. But he has also been an adviser to seven presidents, from Ronald Reagan to, now, Joe Biden, called upon whenever a health crisis looms to brief the administration, address the World Health Organisation, testify before Congress or meet with the news media.
For Fauci, 80, the past year has stood out like no other. As the coronavirus ravaged the country, Fauci's calm counsel and commitment to hard facts endeared him to millions of Americans. But he also became a villain to millions of others.
Dr. Fauci delivered remarks on the coronavirus last April during a daily White House briefing, as President Donald Trump looked on. Photo / Doug Mills, The New York Times
The Chase star The Vixen: It's wild how popular it is in NZ
It's now just over five years since Jenny Ryan joined the hit show The Chase, but she's still a little blown away by the fact that millions of Kiwis watch the programme and know who she is.
"We just feel like it is a parochial little British show, so it is absolutely wild to hear how popular it is in New Zealand. It's really interesting to see how it resonates with people around the world."
Jenny Ryan, know as The Vixen, became the fifth Chaser on the popular quiz show. Photo / Getty Images
Why 'follow your passion' is terrible career advice
Work is under scrutiny. The economic fallout of the pandemic has made a great many people desperate for paid work, disillusioned with their jobs or burnt out — and sometimes all three. It has illuminated the stark differences between those who can work from the safety of their homes and those who cannot, including shop workers, carers and medical professionals, who have to put themselves in potentially hazardous situations, often for meagre pay.
The pandemic has left many people feeling burnt out. Photo / Getty Images
Capitol riot puts spotlight on 'apocalyptically minded' global far-right
When insurrectionists stormed the US Capitol in Washington this month, far-right extremists across the Atlantic cheered.
Adherents of racist far-right movements around the world share more than a common cause. German extremists have travelled to the United States for sniper competitions. American neo-Nazis have visited counterparts in Europe. Militants from different countries bond in training camps from Russia and Ukraine to South Africa.
For years far-right extremists traded ideology and inspiration on societies' fringes and in the deepest realms of the internet. Now the events of January 6 at the US Capitol have laid bare their violent potential.
Supporters of President Donald J. Trump standing off with the police outside the US Capitol grounds on January 6. Photo / Jason Andrew, The New York Times
Kiwis' social media app takes off during pandemic
Early last decade, Matthew Buchanan and Karl von Randow, web designers based in Auckland, were seeking a passion project. Their business, a boutique web design studio called Cactuslab, developed apps and websites for various clients, but they wanted a project of their own that their team could plug away at when there wasn't much else to do.
Buchanan had an idea for a social media site about movies. The result was an app and social media network called Letterboxd, which its website describes, aptly, as "Goodreads for film."
