In November, Yale Law School pulled out of the U.S. News & World Report law-school rankings, saying the system was flawed. A wave of law, medical and undergraduate schools quickly followed. WSJ’s Melissa Korn reports on how the revolt was decades in the making.  

Further Reading:

-The Unraveling of the U.S. News College Rankings

-Yale and Harvard Law Schools Abandon U.S. News Rankings

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After his TerraUSD cryptocurrency imploded, Do Kwon became one of the most wanted men in crypto. Last week, after a global manhunt, he was arrested at an airport in Montenegro. WSJ’s Alexander Osipovich tells the story of how Kwon went from being a major crypto player to facing fraud charges in several countries.

Further Reading:

- Do Kwon Arrested in Montenegro as U.S. Charges Crypto Fugitive With Fraud 

- Cutting-Edge Crypto Coins Tout Stability. Critics Call Them Dangerous. 

- Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin For You. 

Further Listening:

- The ‘Death Spiral’ of a Stablecoin 

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For decades, the Robusta coffee bean has been the ugly duckling of the coffee world. Now, a new generation of coffee geeks think the time could be ripe for a Robusta revolution. WSJ’s Jon Emont explains why the humble bean is gaining momentum in the coffee industry.

Further Reading:

- The Underdog Coffee Bean That Java Snobs Hate Is Finally Getting Some Respect

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Over the past year the Federal Reserve has been steadily raising interest rates to try to bring down inflation. But the recent banking crisis has thrown a wrench into its plans. WSJ’s Nick Timiraos explains how the Fed is now trying to fight two problems at once.

Further Reading:

- Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress 

Further Listening:

- What Just Happened at Credit Suisse? 

- Can the Government Contain a Banking Crisis? 

- The Economy Is Too Hot for the Fed 

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Former Chinese real-estate developer and outspoken China critic Guo Wengui was arrested by the FBI last week and accused of orchestrating a $1 billion fraud. WSJ’s Aruna Viswanatha unpacks Guo’s trek from Beijing gadfly to Steve Bannon confidant to fraud suspect.

Further Reading:

- A Chinese Businessman’s Trek From Beijing Gadfly to Steve Bannon Confidant to Fraud Suspect 

- China’s Pursuit of Fugitive Businessman Guo Wengui Kicks Off Manhattan Caper Worthy of Spy Thriller 

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While campaigning for president, Joe Biden said there would be no new oil drilling on federal land. But last week he approved the Willow project, one of the largest domestic oil projects in years. WSJ’s Andrew Restuccia explains why Biden made the shift.

Further Reading:

-Biden Administration Approves Willow Oil-Drilling Project in Alaskan Arctic

Further Listening:

-Why Biden Killed The Keystone XL Pipeline

-The War in Ukraine Hits American Gas Prices 

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TikTok CEO Shou Zi Chew is due to testify before Congress this week, as the Biden administration demands that TikTok’s Chinese owners sell their stakes in the company or face a possible U.S. ban of the app. In this exclusive interview with WSJ’s Stu Woo, the TikTok CEO said a sale won’t solve Washington’s security concerns. 

Further Reading:

- TikTok CEO’s Message to Washington: A Sale Won’t Solve Security Concerns 

Further Listening:

- How TikTok Became the World’s Favorite App 

- What’s Up With All the TikTok Bans? 

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Google has been a pioneer in the modern era of artificial intelligence, but lately, it’s fallen behind. WSJ’s Miles Kruppa explains why the tech giant took a more cautious approach to chatbots and what’s at stake now that Microsoft has beaten them to market.

Further Reading:

-How Google Became Cautious of AI and Gave Microsoft an Opening 

Further Listening:

-The Company Behind Chat GPT 

-When AI Comes for Your Art 

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As fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern.

Further Reading:

- Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline 

- Credit Suisse Promises Overhaul in Wake of Rout as Regulators Offer Lifeline 

- Janet Yellen Says Banking System Is Healthy After SVB Collapse 

Further Listening:

- Can the Government Contain a Banking Crisis? 

- The Economy Is Too Hot for the Fed 

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Since February of last year, the avian flu has led to the deaths of tens of millions of farm-raised birds in the U.S., the deadliest outbreak on record. WSJ’s Patrick Thomas on how the egg industry is getting slammed and what companies are doing to try to save their flocks.  

Further Reading:

- America Is Losing the ‘Epic Battle’ Against Bird Flu 

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