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Weekly News Digest

How speedy lockdowns save lives - The Economist - Early stay-at-home orders contained covid-19 the best. 

The lockdown death of a 20-year-old day trader - Financial Times. The suicide of Alex Kearns — who thought he had lost heavily — has triggered ...

Most People With Coronavirus Won't Spread It. Why Do a Few Infect Many? New YorkTimes. Growing evidence shows most infected people aren't spreading the virus. But whether you become a superspreader ...

An Extinction Event for America's Restaurants - The Atlantic. The American restaurant as you knew it died on March 19. That's the day Governor Gavin Newsom issued a stay-in order to the citizens of California, the first in a 50-state cascade that brought to an end one of the most momentous and successful runs in the industry's history.

How Big Tech Makes Their Billions - Visual Capitalist. The Big Five tech companies generate almost $900 billion in revenues combined - an amount that rivals the GDP of countries like Saudi Arabia and the Netherlands. How do they earn their billions?

Why Venture Capital Doesn't Build the Things We Really Need  - MIT Technology Review.  The funding model that made Silicon Valley a global hub excels at creating a certain kind of innovation—but the pandemic has exposed its broader failures.

Two Midwestern Cities. Two Local Billionaires (Koch & Buffett). Which One Can Boost Prosperity? - LA Times.   In the middle of America, without intention or, really, anyone noticing, a decades-long, real-world experiment shaped by the money, politics and eccentricities of two 80-something billionaires is underway…

Why Do Food Delivery Companies Lose Money? - NY Magazine.  Delivery via smartphone is one of those venture-funded sectors where business executives appear to have taken seriously the old joke about “losing money on every transaction but making it up on volume.”