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}A daily digest of opinions and analysisSan Francisco’s Venture-Capital Boom Seems to Be OverYes, the city by the bay leads the rest of the U.S. in VC investment, but new data suggests that edge is fading fast. Justin Fox explains why San Francisco's venture-capital boom increasingly looks like a bubble that’s deflating, even while investment in the rest of the country (and world) keeps chugging right along. Old Media Leads the Pack Breaking News on TrumpThe Russia-Trump scandal is a thoroughly modern affair — think cyber-attacks on election infrastructure, incriminating email leaks, and bot-driven digital propaganda campaigns — but old-line news outlets keep dominating the story. Al Hunt applauds two newspapers that distinguished themselves in the era of Watergate and the Pentagon Papers for outshining their new-media counterparts with scoop after scoop.How Summer Vacation Took Hold in the U.S.A preacher’s bestselling book convinced the middle class to escape the cities. A powerful educational reformer finished the job. Stephen Mihm examines how a distinctively 19th-century idea — that parents and children alike need to rest their brains and commune with nature — become an article of faith that structures American life (and the American calendar) to this day. This Legendary Bossa Nova Recording Is 50, So Listen UpFrank Sinatra and Antonio Carlos Jobim sing “The Girl from Ipanema.” Can it get more classic than that? Joe Nocera toasts a collaboration that sounds as fresh and sophisticated on its golden anniversary as it did the day it was recorded. Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsThe disastrous Fyre Festival may have wrecked festival-going for everyone (Bloomberg)An epic history: By day, Claude Shannon labored on top-secret war projects at Bell Labs. By night, he worked out the details of information theory (Spectrum)She talks about working women. Her father says “Buy American.” We go inside Ivanka Inc., where not one stitch of clothing is made in USA (Washington Post)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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