Friday's Fast Five: Week of 8.12
The Surreal Case of a C.I.A. Hacker’s Revenge (The New Yorker): A hot-headed coder is accused of exposing the agency’s hacking arsenal. Did he betray his country because he was pissed off at his colleagues?
The Inside Story of Carlos Ghosn’s Brazen Escape From Japan (The Wall Street Journal): The scheme involved stacks of cash, a stealthy dash to the airport, and plenty of cloak-and-dagger tactics. In the end, though, the auto executive had to hunker down in a claustrophobic box, hoping no one would look inside.
Think 9% Inflation Is Bad? Try 90%. (The New York Times): One year ago, about 180 pesos could buy $1 on the widely used black market. Now it takes 298 pesos to buy a buck. With the peso plummeting, prices are soaring to keep up. Many economists expect inflation here, already at 64 percent this year, to hit 90 percent by December.
Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge? (CNBC): Senate Democrats’ package of climate change, health-care, drug pricing and tax measures unveiled last week has proponents and opponents debating whether the legislation violates a pledge President Joe Biden has made since his presidential campaign, to not raise taxes on households with incomes below $400,000 a year.
Michael Jordan’s 1998 Finals Jersey Could Fetch up to $5 Million at Auction (Barron's): A jersey that Michael Jordan wore during a 1998 NBA finals game in Utah will be auctioned by Sotheby’s online from Sept. 6-14. With a presale estimate of between US$3 million and US$5 million, it will be the most expensive price for a Jordan jersey, or any piece of Jordan memorabilia, the auction house said.