Prospect Weekend Reads Week of December 12th Stories from the week you don’t want to miss!
JULIA NIKHINSON/AP PHOTO
Gurbir Grewal, director of enforcement for the Securities and Exchange Commission, speaks during a press conference about the criminal charges filed against FTX founder Sam Bankman-Fried, December 13, 2022, in New York.
The Easiest Criminal Indictment Ever: Authorities have
arrested Sam Bankman-Fried in the Bahamas, and federal prosecutors in the Southern District of New York have announced a grand jury indictment. Read David Dayen on whether this could potentially signal increased accountability for corporate crime in the future.
The Two Percent Obsession: Despite growing evidence that inflation is
easing, the Fed is still committed to hiking interest rates. Robert Kuttner writes about what this could mean for the future.
Defusing Tensions on Transit: Since the city made buses fare-free, Kansas City transit drivers have found themselves confronting homeless riders and struggling with enforcing end-of-the-line disembarkment policies. Gabrielle Gurley reports on the implementation challenges of fare-free transit.
Rail Companies Can't Handle Traffic From Mississippi Drought: A mega-drought has lowered the Mississippi River so much that barges can no longer pass, so shipping traffic is flocking to rail transport. But as Luke Goldstein writes, freight rail cannot handle the increased demand due to throttled capacity.
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