What we’re reading (2/21)
“Blue-Collar Jobs Boom as Covid-19 Boosts Housing, E-Commerce Demand” (Wall Street Journal). “Nationally, employment in residential construction, package delivery and warehousing now exceeds pre-pandemic levels. Manufacturers have steadily added back jobs after slashing payrolls last spring, though employment remains down about 5% from February 2020, according to Labor Department data. Job openings in many blue-collar occupations broke above pre-virus levels last summer and remain significantly elevated, figures from the online job site Indeed show.”
“Feds Investigating Why Boeing Plane Rained Debris On Denver Suburb” (Washington Post). “The aircraft, a Boeing 777-200, appeared to scatter dozens of pieces of debris across a residential area roughly a half-mile wide, badly damaging at least one home and one vehicle, local authorities said. No injuries have been reported on the ground or among the flight’s 231 passengers and 10 crew members.”
“Wall Street Is Beginning To Say Stimulus Probably Won’t Spark Dangerous Inflation” (Business Insider). “For weeks, economists at major banks had sat on the sidelines, vaguely saying another package would achieve its intended goal of accelerating growth. Now that Democrats are charging forward with Biden's large-scale plan and likely to pass the bill by mid-March, Wall Street's take probably won't make Republicans too happy.”
“Big Tech Is Swallowing The Rest Of Silicon Valley” (MarketWatch). “The Top 15 tech firms in the region had sales of $1.35 trillion in 2020, which would give them the 15th-highest GDP in the world collectively, while comprising nearly 40% of Silicon Valley tech jobs[.]”
“The Man Who Turned Credit Card Points Into An Empire” (New York Times). Today’s episode of “The Daily” looks at Brian Kelly, the so-called “Points Guy,” who has famously spent the past decade arbitraging credit card points and evangelizing his tactics.
