Patrick L Young, founder of Exchange Invest, discusses various topics in the financial markets, including the establishment of the Shanghai Stock Exchange, the #Bitcarnage story, and the Exchange Invest newsletter. The weekly edition covers broader macro topics and includes a free podcast reviewing market structure highlights. The text also mentions an IPO-VID Livestream event, a discussion with ICE Financial Derivatives Vice President Caterina Caramaschi, and insights from Taki Theodoracopulos, a columnist known for his extreme opinions. Additionally, Young promotes his book 'Victory Or Death' and offers a subscription to Exchange Invest.

Brian Taylor, a prominent figure in the financial industry known for his passion for improving markets worldwide, has passed away. He was recognized for his work in building market infrastructures in numerous countries and for his professional and honest approach to solving complex problems. Taylor's career included significant roles such as running Plus Markets in London and consulting for multinational banks. His legacy is honored in this obituary, which extends condolences to his wife, Helen.

The Russian invasion of Ukraine is at a critical juncture with recent Ukrainian military successes casting doubt on Russia's campaign and the stability of Putin's regime. Open dissent is emerging in Russia, and the possibility of a Russian defeat could lead to a change in leadership and a shift in the geopolitical and economic landscape. Sanctions have significantly impacted Russia, and a new pragmatic leader could end the invasion, resume gas sales to Europe, and address internal separatist threats. This could upend current assumptions about inflation, the energy crisis, and economic stability, potentially leading to a more optimistic outlook than the prevailing media narrative.

Louisa May Alcott, known for her work 'Little Women', also contributed to periodicals and openly expressed her prejudices against Irish immigrants. In an 1874 article, she detailed her discriminatory hiring practices, proudly adopting a 'No Irish Need Apply' policy. Alcott's article reflects the widespread bigotry of the time, as she advised readers on how to maintain an Irish-free work environment. Despite her efforts to hire native-born women, she found them unwilling to work, ironically leading her to hire an Irish woman for certain tasks. The article serves as a historical example of the discrimination Irish immigrants faced and the societal norms that allowed such views to be publicly shared.

The New York State Appellate Division Court ruled that local and state police in Nassau and Suffolk counties illegally held immigrants on ICE detainers and non-judicial immigration orders. The New York Civil Liberties Union brought the habeas corpus action against Suffolk County, arguing that local law enforcement is only authorized to arrest for state criminal violations. The court found that once there is no state criminal reason for detention, any further detention is a new arrest, which is unlawful. The ruling emphasized that ICE detainers are civil, not criminal, and local police are not authorized to enforce non-judicial warrants. Suffolk County Sheriff Toulon and Nassau County Executive Curran have been implicated in maintaining these illegal policies.

Population health, a strategy that groups patients with similar illnesses to track and analyze treatment outcomes, is emerging as a critical approach to healthcare. This method allows for pattern identification, improved disease trajectory understanding, and more effective prevention and intervention, leading to better outcomes and cost containment. Examples include a heart failure patient who avoided hospital visits by using an iPad for vitals monitoring, and a diabetic patient who received timely care on Christmas Eve. The U.S. faces health inequities and chronic illness challenges, with population health offering a way to address these issues. Success stories from Hackensack Meridian Health's Medicare ACO, which achieved a high quality score and significant savings, illustrate the potential of population health to improve lives and create a sustainable healthcare system.

The climate movement is advocating for more urgent action to prevent crossing the 2 degree Celsius 'red line' and is focusing on the mantra 'keep it in the ground' regarding fossil fuel extraction. The article discusses the challenges of transitioning away from fossil fuels, particularly the impact on workers and communities dependent on the industry. It highlights the inadequacy of current 'just transition' plans and the need for a more comprehensive approach that addresses job losses, community impacts, and the potential for increased carbon emissions if production is simply shifted abroad. Proposals for just transition programs are mentioned, including Senator Sanders' Clean Energy Worker Just Transition Act, but the article stresses the need for a serious conversation about the economic implications of such a transition.

The article discusses the controversy surrounding Uber and its impact on traditional taxi services, politicians' reactions, and the broader implications for the future of transportation. It highlights the myopic arguments in the Uber versus taxi debate and points out the inevitability of technological change leading to 'creative destruction' in the industry. The author argues that the real game-changer will be driverless car technology, particularly Google's advancements in this area. The piece also touches on the potential consequences for government revenue, as driverless cars are expected to reduce the number of traffic violations and, consequently, the fines collected by the government. The article suggests that by 2030, the freedom to drive may be significantly curtailed, and the role of government in transportation and taxation could be drastically altered.

The article discusses the dire economic situation in Greece, criticizing the European Union's handling of the crisis. It argues that the euro has become a toxic influence on the Greek economy, preventing a meaningful recovery from its depression. The author suggests that the EU's political class is in denial about the economic realities, choosing to ignore the unsustainable spending and insufficient tax revenue. The article also touches on the recent appointment of EU Commissioners and the lack of economic literacy among EU stakeholders. It describes the eurozone as a fragile economic construct, likening it to a 'Potemkin village' of currency. The author contends that Greece is trapped in the euro, which has led to a severe depression and high unemployment, and that the country needs to break away from the euro to rebuild its economy and escape the 'fiscal barbarianism' of the EU's policies.

The article provides a critical analysis of the Polish general election, suggesting that the Western media's portrayal of the event was biased. It argues that Poland, in need of economic growth, has grown tired of the ineffective government of the PO 'Civic Platform'. The article describes the rise to power of the PiS party, which is Euroskeptic and economically populist, and has recently won both the presidency and the executive arm of the government. The author criticizes the outgoing government for its lack of achievements and corruption scandals, while expressing concern over PiS's economic policies and their potential impact on Poland's growth. The article also touches on the broader theme of populist movements gaining ground in Europe and the EU's response to these shifts.

On the morning of April 3, 1865, Major General Godfrey Weitzel was alerted to fires in Richmond, signaling the Confederate army's retreat. The city was heavily fortified and as the Confederates withdrew, they set fire to supplies, leading to widespread destruction. Weitzel's troops, including black soldiers from the United States Colored Troops, entered the chaotic city, where freed slaves, deserters, and looters roamed the streets. The black troops played a crucial role in extinguishing the fires and restoring order, impressing the citizens and marking a symbolic end to the old racial order. Days later, President Abraham Lincoln arrived in Richmond, greeted by newly freed slaves and a population in shock. The article recounts the events through Weitzel's perspective, highlighting the irony of black Union soldiers saving the Confederate capital and the transformative impact of their actions.