In Hawaii, It’s Billionaires vs. the Mere Millionaires: Here’s What We’re Reading
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Here’s what we’re reading:
1. State-run doping program fuelled Russian success in Sochi Olympics
“Dozens of Russian athletes at the 2014 Winter Olympics in Sochi, including at least 15 medal winners, were part of a state-run doping program, meticulously planned for years to ensure dominance at the Games, according to the director of the country’s antidoping laboratory at the time.”
+1: France is investigating a multimillion dollar payment made in connection to Tokyo’s winning 2020 Olympic bid.
2. In Hawaii, it’s billionaires vs. the millionaires
Billionaires like Michael Dell, Rob Walton, Charles Schwab (who apparently is an actual person?), and Michael Shultz (of Starbucks fame) discovered the Hawaii resort of Hualailai shortly after it opened in 1996. Dell liked it so much he bought the whole resort in 2006. It’s just about perfect in almost every way. That is until the millionaire renters came in.
In piece aptly titled “The World’s Smallest Ukulele,” Bloomberg Businessweek explores the the humiliation these mere millionaires are facing in paradise.
3. When do you give up on treating a child with cancer?
“Andrew Levy’s parents knew that the rare and deadly cancer in his blood could not be beaten, so they began to prepare for the worst. Then something mysterious happened.” Read this story in New York Times Magazine. Just, like, read it.
4. Postmedia CEO pitches government on ad spending tax incentives
Paul Godfrey, CEO of Canada’s largest newspaper company, made a “straight-up sales pitch” to a committee of federal MPs today, asking for tax incentives on advertising in Canada. The plea was an attempt to keep ad dollars in Canada instead of flowing south of the border to companies like Google and Facebook.
Postmedia owns more than 180 publications across the country and is nearly $670 million in debt.
Godfrey also called on the government to buy more ad space in Canadian newspapers.
+1: A long talk with Facebook about it’s role in modern journalism.
5. How Apple destroyed my will to collect music
“I once used iTunes to organize albums, bootlegs, demos, and deep cuts—until it made that nearly impossible. Will Apple Music finish the job?”
