Week of August 29, 2022

Photo: New York Magazine

For New YorkJen Wieczner’s latest cover story documented the implosion of Su Zhu and Kyle Davies’ multi-billion dollar crypto fund. Fortuneit’s jeff roberts said the report was “just as delicious as I expected”. Protocol called it “almost too unbelievable, and you can already sense that the limited-time HBO series or Hollywood feature producers might be trying to cook from those details.” Noting Zhu and Davies’ time in Andover, the Los Angeles Time‘Matt Brennan wrote, “From the boarding school that brought you the war in Iraq, an even more amazing new scam.” For Futurism, Maggie Harrison wrote, “3AC’s success was built on two of the most fragile things: social media influence and heavy borrowing. Journalist Nick Statt tweeted that Wieczner had produced “an incredibly well-written and structured article on what happened to crypto in 2022 through the lens of Three Arrows Capital’s burn. It is a historic business failure that will impact global finance for years and years. Corey Hoffstein, co-founder of Newfound Research, said“You see this all the time with fraud in the financial industry. Due diligence shortcuts due to business pressures and a vague belief that ‘for them to get this big, someone has to have done due diligence at any given time.” ” @SaffhoArtSht wrote“A wild read following one of the many apparent massive investment scams of this century. This one, however, managed to be almost entirely responsible for a major crash in the entire trading industry. and thereafter the loss of a trillion dollars. But John Dickson dispute with crypto mogul Sam Bankman-Fried claiming in the article that Three Arrows drove 80% of the broader crypto markets downside: “Just ridiculous. It also goes completely against it by saying that purely macro forces are the reason for this…not shady actors.

Photo: New York Magazine

Nina Burleigh chronicled Ivana Trump’s lavish life until it was cut short. Amanda Rivkin rented the story as “not quite a profile or an obituary, although it doesn’t belong to either genre and straddles the two, it’s something quite spectacularly human in many ways”. Michael Hirschorn agreed that “it’s elegant writing”, adding: “It captures its essential ridiculousness but also its humanity. Also, cleverly avoids all the conspiracy mania that spread after his death. Steve Johnson wrote, “I’ve never been a fan of Ivana, but this is an exceptionally well-reported article about her life after Donald.” Political journalist Nathan McDermott said“What stands out is how many people really enjoyed their friendship with her, compared to Donald. One wonders if he has any real friends in his cohort. Natalia Mehlman Petrzela tweeted“Read this…both for insight into Trump Life’s unique spectacle and broader themes of aging, beauty, desire and luxury.”

“The Voice of New York Is Drill” charted the history, key players and sound of the city’s most important music scene. Jonathon Hackett musician wrote“It was a very, very good read and the photos are amazing. Drill is some of the most interesting music playing right now and if you’re not familiar with it (or have only heard a certain mayor saying it was a “problem”) is a good primer. Music journalist David Drake, however, critical the feature’s discussion of the drill sound: “Like most pieces written about the Chicago drill by people who have never listened to it much, it ignores the real origins of the groove.” In a letter to New York, D. Valle-Comin argued, “Do not glorify violence. People literally get killed for this shit. I live in Chicago and this was such a gloss on the amount of murders going on on this and diss tracks. For the project, Simon van Zuylen-Wood reported on the murder of up-and-coming rapper Jayquan McKenley. “It’s more than a teenage love profile,” wrote Peter Rubin for Longreads. “It’s a sober, neutral tour through the fallout of the drill scene’s particularly incendiary recipe… It’s not a fun read, but it’s necessary.” Calvin John Smiley, professor of sociology at Hunter College added“Drill is truly a complex genre about pain, health, trauma, community, and highlights how the lack of social investment in communities rejects violence. Like their ancestors, Drillers are the griots of this generation !

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