ITK Daily | December 10

Happy Saturday.

Here’s today’s ITK Daily.

To be ITK, know this:

Pedro Castillo’s downfall exposes Peru’s bitter divisions: Many welcomed the president’s arrest after failed power grab, but protesters took to the streets to support him.?FT

Alberta ‘sovereignty act’ sets province on collision course with Justin Trudeau: Bill that could allow the province to ignore federal laws criticized by constitutional scholars and Indigenous leaders.?Guardian

+ Alberta has passed a controversial “sovereignty act” that could allow the province to ignore federal laws, setting the stage for a combative relationship with the Canadian prime minister, Justin Trudeau, and tense relations with Indigenous leaders.

Germans on the verge of a nervous breakdown: It’s a sign of the nation’s fraught state of mind that many seriously believe this week’s unlikely plotters could have toppled democracy.?Politico

‘Hell. Just hell’: Ukraine and Russia’s war of attrition over Bakhmut: Soldiers say fighting in and around eastern Donetsk city is reminiscent of first world war-style trench conflict.?FT

A week in the life of Vladimir Putin?David Ignatius

China warns Belgium is ‘playing with fire’ on Taiwan: Beijing wants lawmakers to change a resolution set to be discussed next week.?Politico

Japan’s transformational national security strategy?Christopher B. Johnstone

+ The Kishida government’s new national security strategy represents an inflection point—one that sets in motion a material transformation in Japan’s defense posture that builds upon the policy and legal reforms that Abe put in place.

Want your country to thrive? Give geniuses a universal basic income: The best way to help average citizens is to treat the brightest well.?Adrian Wooldridge

The inside story of Liz Truss’s disastrous 44 days in office: How a historic budget came together and fell apart, told by those who were there.?FT

US Senate: Senator Kyrsten Sinema of Arizona is leaving the Democratic Party and registering as an independent.

Democracy never rests.

Going Independent means Sinema does not have to deal with Progressives and a nasty primary fight.

Sinema is up for re-election in 2024.

I ran for president as an insurgent. I support the DNC’s new primary calendar.?Howard Dean

+ "The bottom line is this calendar strengthens our party. It strengthens our candidates. It shows voters of all backgrounds they matter. And by having smaller states continue to go first, it still allows campaigns like mine to have a real shot."

Only the voters can crush Donald Trump: Party professionals and elders have a role to play in making it easier. The first step: Narrow the field.?Peggy Noonan

The real reason Washington is silent on the crypto scandal: The crypto industry contributed to both parties and got what it wanted. With no partisan benefit, will anyone in Congress complain??Politico

Sam Bankman-Fried chucks the crisis communications playbook: Instead of avoiding media attention, the former FTX chief has gone full-bore in trying to explain the sudden crash of the once highflying crypto exchange.?WSJ

Getir, the Istanbul-based online grocery start-up, has closed its acquisition of German rival Gorillas in a deal that values the combined group at $10bn as consolidation in the rapid delivery app market accelerates.

Why you spend so much money at Trader Joe's?CNBC

Hertz?named former GE Appliances marketer Wayne Davis as its new chief marketing officer, making him the first CMO at the car rental services company since 2020.

+ Wayne Davis says he will promote EVs and work to distinguish Hertz’s Dollar and Thrifty brands.

The $42 billion question: Why aren’t Americans ditching big banks??Big banks still pay next to nothing on savings, but their customers aren’t yet moving much money to higher-yielding alternatives.?WSJ

Twitter’s rivals try to capitalize on Musk-induced chaos: New start-ups and other social platforms sense opportunity as Twitter grapples with changes from Elon Musk, its new owner.?NYT

+ The Library of Congress archived every single public tweet sent between 2010 to 2017.

The end of high-school English: I’ve been teaching English for 12 years, and I’m astounded by what ChatGPT can produce.?Daniel Herman

+ ChatGPT is a development on par with the printing press, electricity, and even the wheel and fire, says former US Treasury Secretary Larry Summers.

ChatGPT = Fire ??

Good pod this: Chris Do speaks with Errol Gerson: On this episode of The Futur, learn about the entrepreneurial spirit and how to stand out with ArtCenter legend Errol Gerson. Gerson is the longest-running instructor at ArtCenter. He's been sharing his knowledge, passion, wit, and philosophy on sales, business, and management with over 3000 students over the course of over four decades.?Listen here.

The world’s 100 most powerful women?Forbes

White House Plumbers: Trailer: Tells the story of how Nixon’s own political saboteurs and Watergate masterminds, E. Howard Hunt and G. Gordon Liddy accidentally toppled the presidency they were zealously trying to protect.?HBO

+ Coming to HBO March 2023.

THR: ‘Election’ sequel in the works from Reese Witherspoon, Alexander Payne

+ Witherspoon will reprise her role as Tracy Flick in the Paramount+ feature 'Tracy Flick Can't Win.'

Harry and Meghan are playing a whole different game: In their new Netflix series, the ex-royal couple know exactly who their audience is.?Helen Lewis

+ @TomMcTague: This is very good, measured, funny, and self-reflective.

Today's World Cup quarterfinals:

POR v MAR @ 10:00 am ET

FRA v ENG @ 2:00 om ET

Pro-tip: Lionel Messi plays soccer better than you.

Brazil.

Country of the future.

Forever.

Empty seats: Qatar has about 36% fewer visitors than it projected for the World Cup.

Agincourt, Waterloo, Qatar: Old foes England and France brace for World Cup battle: Quarterfinal clash will be ‘the nearest-run thing you ever saw in your life.’?Politico

+ France cherishes its defeats; England its triumphs.

+ France and England even share the parenthood of the World Cup. Football was invented in 19th-century England by mill-workers and aristocrats. The World Cup was invented by a Frenchman, Jules Rimet, in 1930.

+ One British media headline this week spoke of England’s “competence” and the “insouciant genius” of France.

+ Who will win? As the Duke of Wellington said after the battle of Waterloo, it will be “the nearest-run thing you ever saw in your life.”

Club soccer puts the sport out of reach for many kids?NPR

The dodgy science behind sports 'recovery' tech: The recovery tech industry claims to help athletes bounce back after training. Players endorse everything from massage guns to cryo-chambers. But the science behind much of it is questionable--at best.?Bloomberg

Enjoy the ride + plan accordingly.

-Marc?

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