Hello and welcome to the intelligence on Economist Radio. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world.

Brazil's relationship with guns goes back a long way.

Tightening ownership laws led to fewer shootings,

but President Jaya Bolsonaro wants to loosen them again,

so that all Brazilians can have a gun, especially those that support him.

And we pay a visit to the world's largest collection of magazines,

a jumbled, floor-to-ceiling warehouse packed with periodicals,

each full of cultural tidbits that would otherwise be lost to history.

But first... The basketball titan, Shakeel O'Neill has one.

So does baseball legend A-Rod.

And the singer Sierra, too.

For the first part of this year, they've been one of the busiest bets on Wall Street.

The SPAC craze is continuing unabated. Spacks are just overwhelming the traditional IPO market this year. There's a SPAC every day. If it's a Wednesday, there's a SPAC. That's Tuesday, there's a SPAC. Blank, check, bonanza or SPACA-A-Palooza. Spack, spack, spack, spack, spack.

I don't think you can get through a block without talking about it.

But recently, the enthusiasm for them... Bonanza or Spackapalooza. Spack, Spack, Spack, Spack. I don't think you can get through a block without talking about it.

But recently, the enthusiasm for them has cooled.

And that, actually, could be a good thing, not just for investors, but also for young companies

hoping to list on stock exchanges and for the markets themselves.

A SPAC stands for Special purpose acquisition company, and they're

commonly known as a blank check company. Alice Fullwood is the economist's Wall Street correspondent.

So what happens is that a SPAC's founder will go out of raise capital, it will take this vehicle

public, and then it's just a pot of cash. And he promises the

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