Friday wrap

Society is like a stew. If you don’t stir it up every once in a while then a layer of scum floats to the top.

The House committee investigating the Jan. 6 attack on the Capitol issued subpoenas on Thursday to five Republican members of Congress, including Representative Kevin McCarthy, the minority leader, a significant escalation as it digs deeper into the role Republicans played in attempts to overturn the 2020 election. If he doesn’t comply he’s looking at a 3 year prison term.

A congressional report claimed that meatpacking companies issued “baseless” warnings about food shortages and influenced government decisions to keep plants open early in the pandemic.

The world’s largest sovereign wealth fund has attacked “corporate greed” and excessive pay for “mediocre performance” and vowed to take action against the worst offenders. The oil fund, which owns the equivalent of 1.5 per cent of every listed company in the world, voted against executive pay at Intel’s annual meeting this week and against Apple in March.

A sell-off over just the past seven days has erased more than a quarter of the value from the global crypto market, according to CoinMarketCap. Most dramatically, UST’s sister coin, Luna, lost almost all of its value in the past week, all but wiping out most people who had invested in it.

Memory loss has been reversed in mice by injecting them with a brain liquid from younger peers in a “groundbreaking” new treatment..The substance, called cerebrospinal fluid (CSF), washes in and out of grey and white matter in waves — helping clear out waste. It bathes the tissue with proteins, or growth factors, that are vital for normal development.

Will Twitter survive? The latest firing of two executives is a sign that Twitter maybe in serious trouble since Musk’s buyout proposal. Tesla stock has taken a beating and with crypto in the toilet Musk might be short of money but the new CEO seems determined to damage Twitter to irrelevance.