🐺 The Wolf of Main Street

Today’s pick

The Wolf of Main Street. The fastest-growing landlord in the U.S. Midwest, Monarch Investment and Management Group, used evictions to drive up rents during the pandemic. (Kriston Capps & Sarah Holder / Bloomberg)

◥◤Kriston Capps @kristoncapps

This is a story about Monarch, the fastest growing landlord in the Midwest. @sarahsholder and I tracked how Monarch uses evictions to squeeze tenants and spike rents — "popping the clutch," as Monarch's CEO puts it — even when evictions were banned.

bloom.bgBloomberg - Are you a robot?

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If Currency Reserves Aren't Really Money, the World Is in for a Shock. Sanctions have shown that currency reserves accumulated by central banks can be taken away. With China taking note, this may reshape geopolitics, economic management and even the international role of the U.S. dollar. (Jon Sindreu / Wall Street Journal)

Jon Sindreu @jonsindreu

“What is money?” is a centuries-old question but the blocking of Russia’s reserves has revived its relevance for the world’s nations—particularly China. If accumulating foreign assets is seen as risky, military and economic blocs will drift farther apart.

wsj.comIf Russian Currency Reserves Aren’t Really Money, the World Is in for a ShockSanctions have shown that currency reserves accumulated by central banks can be taken away. With China taking note, this may reshape geopolitics, economic management and even the international role of the U.S. dollar.

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How a simple security bug became a university campus 'master key'. When Erik Johnson couldn't get his university's mobile student ID app to reliably work, he sought to find a workaround. The app is fairly important, since it allows him and every other student at his… (Zack Whittaker via TechCrunch)

Zack Whittaker @zackwhittaker

New: When one student couldn’t get his university's mobile ID app to reliably work, he sought to find a fix. Instead he found a security bug that could have let him — or anyone — remotely unlock doors across campus.

techcrunch.comHow a simple security bug became a university campus ‘master key’ – TechCrunchA buggy app with one-star reviews led one student to discover a glaring security flaw.

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Amazon's Twitch Suffers Exodus of Executives Amid Strategy Fight. Twitch, the popular site where people go to watch other people play video games, has lost at least six top employees since the beginning of the year, including the chief operating officer, chief content officer and head of creator development. (Cecilia D'Anastasio via Bloomberg)

Cecilia D'Anastasio @cecianasta

New: Twitch lost several top people since early 2022. Sources speaking with Bloomberg say the company lacks strategy and leadership. But most of all, Twitch has lost touch with its north star: Creators

bloomberg.comBloomberg - Are you a robot?

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Cybercriminals who breached Nvidia issue one of the most unusual demands ever. Chipmaker has until Friday to comply or see its crown-jewel source code released. (Dan Goodin via Ars Technica)

Jennifer Ouellette @JenLucPiquant

Cybercriminals who breached Nvidia issue one of the most unusual demands ever: allow Nvidia's graphics cards to mine cryptocurrencies faster or face the imminent release of the company's crown-jewel source code.

arstechnica.comCybercriminals who breached Nvidia issue one of the most unusual demands everChipmaker has until Friday to comply or see its crown-jewel source code released.

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🇺🇦 Ukraine Crisis

• When Vladimir Putin escalates his war, the world must meet him. (The Economist)

• Putin Thought Ukraine Would Fall Quickly. An Airport Battle Proved Him Wrong. (James Marson via Wall Street Journal)

• Putin's Financial Isolation by World's Powerful Is a Cautionary Tale for Xi Jinping. (Shawn Donnan via Bloomberg)

• China Declared Its Russia Friendship Had 'No Limits.' It's Having Second Thoughts. (Lingling Wei via Wall Street Journal)

• Stay Calm and Don't Advocate for a War Against Russia. (Tom Nichols via The Atlantic)

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Thanks for reading to the bottom and soaking in our Newslit fuelled highlights for your morning.

I hope you found it interesting and, needless to say, if you have any questions or feedback let me know by hitting reply or on Twitter.

Take care and see you tomorrow!

— Jose Montes de Oca

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