Your Weekend Reading: The Third Coronavirus Vaccine Shot Is Coming – Bloomberg

A third shot is coming.U.S. regulators authorized giving an extra dose of Covid-19 vaccine to the most vulnerable people, but its a decision that comes with a price, as it could further exacerbate vaccine inequality across the world. Australia is facing its worst crisis since the pandemic began, while Austin, Texas, haswarnedresidents thesituation there is dire. Contrast that with the U.K., which isslowly emerging from the latest waveeven after the government pushed ahead with an almost full reopening. Sam Fazeli explainsin Bloomberg Opinion, the fast-spreading delta variant has increased infection riskamong children, and the world apparentlyneeds quickernot moreantigen tests.

The dramatic unravelling of the situation in Afghanistan puts U.S. President JoeBidensreputation for foreign-policy expertise at risk, Jonathan Bernstein writes in Bloomberg Opinion. In another black eye for the U.S., the International Monetary Fund is handing a $1 billion lifeline to Belaruss authoritarian regime.

Humanity is facing a climate code red, the United Nations said in a witheringassessment of the challenges ahead. The past decade was probably hotter than any period in the past 125,000 years, and mankind is undoubtedly the culprit. Infernos like the Dixie Fire are now the new normal for California.

An American flag near the rubble of the Greenville Library, destroyed along with the entire town by Californias Dixie Fire.

Photographer: Maranie Staab/Bloomberg

Business school programsimproved their online performance in 2021, but students remain anxious to meet in person comeSeptember. U.S. public schoolsare headed for a legal showdown on whether wearing masks should be required. And in China, the education crackdown is forcing tutors below the radar.

Andrew Cuomos resignation as NewYorks governorhas Wall Street fretting over its political clout. Lieutenant Governor Kathy Hochul, who will replace him, vowed a speedy effort to move onfrom the scandal and fight the pandemic. Heres her plan for the Empire State.

Remember the lumber surge? Turns out anunintended victim of the hot U.S. real estate marketand the soaring wood prices that resultedwas cheese. But if you want a real bargain,check out the random assortment of secondhand knick-knacks andvintage thingies along some 690 miles of the worlds biggest yard sale.

Vintage road signs in Jamestown, Tennessee.

Photographer: Luke Sharrett/Bloomberg

With almost $8.6 billion in giftsannouncedin just 12 months, MacKenzie Scott has vaulted to the top of philanthropic giving. For someone who is singlehandedly reshaping nonprofits, Scotthas only given the public glimpses into the thinking driving her decisions. So toget a better sense of which causes are benefiting from Scotts coffersand where she might turn her attention to nextBloomberg categorized, by location and type, all 786 gifts she has given so far.

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Your Weekend Reading: The Third Coronavirus Vaccine Shot Is Coming - Bloomberg