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News Roundup
This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Alaska Airlines rewards employees with 90K miles, chaos at Vegas pool, Uber whistleblower speaks out, collapse of $10B crypto hedge fund, and the Euro and Dollar are almost equal for first time in 20 years.
Alaska Airlines surprises employees with 90,000 miles to travel the globe
“As we inch our way to a new normal—happily seeing travelers’ pent-up desire to hop on a plane—Alaska is taking a moment to thank each employee for their relentless commitment to caring for our guests for 90 years & counting by giving them 90,000 miles to fly anywhere in the world”, the airline said in a press release.
Chaos breaks out at Luxor pool in Las Vegas as dust devil sends furniture flying
A turbulent dust devil hit the pool at a Las Vegas resort, sending furniture flying and guests scurrying for cover. Video posted to social media shows the swirling wind picking up and spinning lounge chairs and other loose items at the pool of the Luxor Hotel and Casino Friday afternoon.
The Uber whistleblower: I’m exposing a system that sold people a lie
MacGann decided to speak out, he says, because he believes Uber knowingly flouted laws in dozens of countries and misled people about the benefits to drivers of the company’s gig-economy model.
“I am partly responsible,” he said. “I was the one talking to governments, I was the one pushing this with the media, I was the one telling people that they should change the rules because drivers were going to benefit and people were going to get so much economic opportunity.
From $10 billion to zero: How a crypto hedge fund collapsed
As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its assets and leave it unable to repay lenders.
Euro, dollar a penny away from parity for first time in 20 years
For the first time in nearly two decades, the exchange rate between the euro and the U.S dollar is about equal. The euro dropped to a 20-year low on Monday, approaching parity with the dollar on fears that an energy crisis in the European Union could drag the region into a recession. The euro traded at around $1.007 on Monday afternoon in the U.S, down roughly 15% from the start of the year.
