Musk wields “the chainsaw of all bureaucracy” |
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Welcome to the weekend, where time is of the essence.  

3 years: That’s how long the US has until a major debt crisis if it doesn’t commit to reducing the deficit, Ray Dalio said on the Odd Lots podcast.

1 month: That’s the reprieve US carmakers got from 25% import tariffs on Canadian and Mexican goods, which could boost car prices by $12,000

3 days: That’s how long Greenlanders have left to weigh their election’s most important issue — independence — before voting on March 11. 

10 minutes: That’s the length of the walk from Harrods to Fleetwood Mac star Christine McVie’s London penthouse, on the market for £6.9 million. 

You can read Bloomberg’s Weekend Edition online or in the app, where you can also listen to stories. Don’t miss Sunday’s Forecast email. And for unlimited access to Bloomberg.com, subscribe!

Unintended Consequences

With Trump pulling the US out of the Paris Agreement and freezing funding for climate research, halting the destruction of our ecosystems seems harder than ever. But what if we’re thinking about biodiversity all wrong? Well-intentioned attempts to save local species are consistently stalling the massive energy transition needed to prevent those species’ destruction, David Fickling writes. 

Weekend Essay
The Biodiversity Trap
Attempts to preserve the natural world are stifling decarbonization.

It’s easy to admire justice, whether for a native fish threatened by humans or a marginalized community threatened by those in power. In practice, justice is complicated. South Africa’s post-apartheid Truth and Reconciliation Commission has been held up as a model for countries wrestling with sectarian or racial divisions. But its failures left many South Africans indignant, writes Antony Sguazzin, and perpetuated an idea of the country as one in which crime goes unpunished. 

Weekend Feature
South Africa’s Unreconciled Truths
The country’s attempt at restorative justice left lingering wounds.

If clinging to an idea can warp our worldview, so too can the failure to cling to anything. The digitization of photos and ticket stubs may be convenient, but it thins the tether between these bits of ephemera and the memories they represent, writes Amanda Mull. Humans have spent millennia imbuing objects with abstract significance, which is a lost art when all our memories only exist in our phones. 

Weekend Essay
We’ll Miss Ephemera When It’s Gone
The act of putting something aside is an exercise in remembering.

Dispatch

Japan 
A robot with cat ears and blue eyes glances from side to side as it glides across a Tokyo restaurant, searching for the customers who ordered strawberry parfaits. “Your order’s here,” the robot says, arriving at a table with a crisp 90-degree turn. “Meow!”

Welcome to the workforce of the future in Japan, where the service industry is investing in robots to fill labor shortages in an aging population.

Photographer: Soichiro Koriyama/Bloomberg

What We’re Reading

  • In The Breach, Alan McPherson argues that the Iran-Contra scandal should be plotted not as a minor sideshow in the Cold War’s final act, but as a key moment in the collapse of democratic norms, one that foreshadows the current moment.

  • In World Eaters, Catherine Bracy says venture capital’s focus on ‘blitzscaling’ produces four types of victims: VC firms, entrepreneurs ignored by them, limited partners and the rest of us.

  • In Holding Government to Account, three academics use England’s 1866 Exchequer and Audit Departments Act, which created a proto-DOGE, to show the pitfalls of ignoring value for money spent.

Keep an Eye On 

“For a lot of people, this shows the government is looking out for them. But for others, this reveals a kind of hidden reality — which is that someone is watching you.”
Chuncheng Liu
A sociologist who has researched state surveillance in China

China is building a “firewall” against scammers, intercepting phone calls and text messages and conducting millions of in-person meetings to dissuade people from interacting with them. But the heavy-handed approach — police have even frozen people’s bank withdrawals —  is also rattling some Chinese citizens. 

Weekend Plans

What we’re ordering: an electric car. US drivers usually buy cars through dealerships, but legacy automakers are now taking a stab at direct sales

What we’re rewatching: Office Space. When discussing DOGE’s cost-cutting playbook, Elon Musk jokes about being inspired by “the Bobs.” 

What we’re saving for: a house. After ranking last for economic mobility, Charlotte, North Carolina, boosted support for first-time homebuyers

What we’re farming: snow. Ski resorts have battled climate change by making synthetic snow. Now they’re piling up the real stuff and saving it

One Last Thing

“The chainsaw is a symbol of change. It’s not violent, it’s change.”
When Elon Musk received a custom chainsaw as a gift from Argentina President Javier Milei last month, he called it “the chainsaw of all bureaucracy.” No one was more thrilled than Mariano ‘Tute’ Di Tella, the 45-year-old mechanic who made it. Di Tella is now working on his next project: a chainsaw for Donald Trump.

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