Your Weekend Reading: Cryptocurrency Sector Flashes Warning Signs

Get a jab or risk your job. That’s the message from JPMorgan as the world grapples with the prospect of deadly Covd-19 mutations derailing the great reopening. The delta variant is raging, several poorer nations in Africa and Asia are running out of vaccines, and Israel—formerly leading the world in inoculating its citizens—has ordered people to mask up again. The toxic combination of uneven access to vaccines and short-sighted government policies means the end of the pandemic is taking longer than it ought to, Clara Ferreira Marques writes in Bloomberg Opinion.

What you’ll want to read this weekend

President Joe Biden’s tentative deal on a $579 billion plan to modernize America’s creaking infrastructure faces a series of hurdles in Congress. Bloomberg Businessweek crunched the data on which Americans missed out on unemployment benefits after they lost their jobs—and there’s a big state divide.

One of the most lucrative sectors of the crypto universe is flashing warning signs. The potential of another crackdown in China, rather than Elon Musk’s random tweets, has rattled the crypto crew this time. But there are hundreds of jobs up for grabs in the industry.

America’s billionaires are getting richer, so maybe they they need to accelerate their philanthropic plans. MacKenzie Scott, the ex-wife of Jeff Bezos, certainly seems to think so. For anyone else aspiring to financial independence, the picture isn’t so good, Shuli Ren writes for Bloomberg Opinion.

2018 Vanity Fair Oscar Party Hosted By Radhika Jones - Arrivals

MacKenzie Scott

Photographer: Taylor Hill/FilmMagic

Time is running out. Some glaciers are melting so fast that the changes can be measured in years rather than decades, Bloomberg Green reports. It’s so dry in California that some almond farmers are ripping trees out of the ground early. Now environmental lawyers want to make the destruction of an ecosystem an international crime.

With travel back on the agenda, here’s an inside peak at what to expect if you make it to London. And for anyone looking farther afield, and up, $125,000 will take you into the stratosphere on a space balloon.

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What you’ll want to know next week

  • Xi Jinping speaks at the Chinese Communist Party’s centenary.
  • The U.S. jobs report for June is set to show faster payrolls growth.
  • Secretary of State Blinken joins G-20 foreign ministers meeting.
  • NATO plans a big exercise on Russia’s doorstep in the Black Sea.
  • The Euro 2020 championships get interesting. Watch the goalie.

What you’ll want to read in Bloomberg CityLab

The pandemic has left hundreds of vacant retail spaces across Manhattan, so one clothing designer decided to open a shop next to his corner deli. The Eighth Avenue pop-up, called again&again, is part of a growing trend of temporary shops, with merchants around the country looking to test the waters of retail.

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