What we’re reading (4/3)
“Travel Is Coming Back. That’s Great News For Airport Stores” (CNN Business). “Airline travel in the United States recently reached its highest level since the pandemic began, although it's still around half of what it was pre-pandemic, according to the Transportation Security Administration.”
“We (Might) Work” (Scott Galloway). “The new WeWork is a stronger company than the 2017 model. It’s still not worth $50 billion, but it might be worth $9B (or more)…[i]magine: a commercial real estate play, with properties around the world, configured as flexible office space, rentable by the hour, the day, or the month, with great community spaces, aspirational design, and strong tech. In sum, We might Work.”
“The Housing Market Is Crazier Than It’s Been Since 2006” (Wall Street Journal). “The past year has been the hottest for sales activity in 14 years. Home values are rising in practically every corner of the U.S., and median sale prices in dozens of metro areas have posted double-digit percentage increases from a year ago, according to Zillow Group Inc. In Boise, Idaho, the median sale price rose almost 25% in January from a year earlier, while in Stamford, Conn., it rose 19%.”
“Here’s Where The Jobs Are — In One Chart” (CNBC). “The Labor Department reported Friday that total nonfarm payroll employment rose by 916,000 last month, the best monthly print since August. The unemployment rate continued its steady decline to 6%.”
“I Avoided Fake Meat For Years. That Was A Big Mistake” (Wired). “If anyone needs a reminder, beef is bad for the world. You can either stick a seed in the ground, grow some food, and eat it, or grow some food and feed large quantities of it to a cow, every day for about two years, the animal farting and burping methane until you chop it up and eat it. Multiply that by the beef cravings of a few billion people and that math gets real bad, real quick.”
