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Friday 07.21.17
 
"I forget so much about Game of Thrones in between seasons, so every premier I'm always like "Whoa! That's crazy, probably!" - Alec Sulkin



 
Netflix added more than five million new subscribers last quarter, and Wall Street is happy Netflix now has a bigger international base of users than domestic, marking a tipping point for the streaming service. Netflix has nearly 104 million total subscribers, with 51.9 million domestic subs and 52 million international subs.  - Recode
 
The Cost of a Hot Economy in California: A Severe Housing Crisis A full-fledged housing crisis has gripped California, marked by a severe lack of affordable homes and apartments for middle-class families. The median cost of a home here is now a staggering $500,000, twice the national cost. Homelessness is surging across the state.  - New York Times
 
Ad spending on mobile video will reach $18 billion next year, surpassing desktop In 2018, mobile video ad spending is expected to grow 49 percent to nearly $18 billion, while fixed online video ad spending is expected to decline 1.5 percent to $15 billion. That’s because people around the world will watch 25 percent more video on phones and tablets next year  - Recode
 
As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away Tens of thousands of people who took out private loans to pay for college but have not been able to keep up payments may get their debts wiped away because critical paperwork is missing. Judges have already dismissed dozens of lawsuits against former students, essentially wiping out their debt, because documents proving who owns the loans are missing.  - New York Times
 
Why the massive rise of ETFs may be just getting started The head of the world's largest asset management firm believes ETFs will be playing an ever-increasing role in investor portfolios in ways that the financial world never saw coming. Whether it's getting a toehold in mortgages, developing new hedging strategies or simply trying to generate outperformance.  - CNBC
 
Porn ID checks set to start in April 2018 in the U.K A nine-month countdown to the introduction of compulsory age checks on online pornography seen from the UK has begun. The April 2018 goal to protect under-18s was revealed as digital minister Matt Hancock signed the commencement order for the Digital Economy Act, which introduces the requirement.  - BBC
 
Disney’s ‘Beauty and the Beast’ Gets Entangled in Visual-Effects Lawsuit A lawsuit against Disney has roped the entertainment giant into a long-running legal dispute over ownership rights to a visual-effects technology, potentially threatening the company’s ability to profit from the top-grossing movie so far this year.  - Wall Street Journal
 
An OPEC Country Breaks Ranks and Increases Oil Output Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it needs the money. Ecuador has taken the rare step of saying publicly it will increase production, making it impossible for the group to conceal the desertion.  - Bloomberg
   

  Did AirBnB Kill the Mountain Town? -Outside Magazine

“I thought of a line I had seen on the AirBnB site: Live like a local. But what happens when locals can't afford to live like locals?"
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