What we’re reading (5/10)
“Prices Are Rising Everywhere You Look” (CNN Business). Just as Larry Summers predicted. “This doesn't just matter for Americans guarding their pocketbooks. Price increases are also being closely scrutinized by investors and economists, who are desperate to know: Is this a passing phenomenon as the country emerges from a once-in-a-lifetime economic shock, or a more sustained trend that evokes the 1970s?”
“SpaceX Accepts Dogecoin As Payment To Launch ‘DOGE-1 Mission To The Moon’ Next Year” (CNBC). “Elon Musk’s SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, with the company accepting the meme-inspired cryptocurrency as full payment for the lunar payload.”
“The Breakout Cities on the Forefront of America’s Economic Recovery” (Wall Street Journal). “The pandemic is accelerating growth in midsize cities, positioning them to lead the charge in the nation’s economic rebound. Even before Covid-19, these rising stars—such as Greenville, Des Moines, Iowa, and Provo, Utah—had been quietly building out vibrant economies in the shadow of bigger metropolises. During the pandemic, they have drawn workers and businesses with large and affordable homes, ample access to outdoor space and less congestion.”
“Do Restrictions On H-1B Visas Create American Jobs?” (DealBook). “The chances of getting an H-1B visa have never been lower. In a randomized lottery each year, U.S. Citizenship and Immigration Services chooses 85,000 applicants to receive the visa, a cap that has remained unchanged since 2004. This year, the lottery pool contained about 308,000 applicants, meaning only one in four applicants was selected.”
“How A Homeless Man Lost Federal Aid By Trying To Move Into A New Apartment And Start Contributing Rent” (Business Insider). “On February 3, Derrick Henderson, 49, was going through his mail when he saw a rent bill addressed to him, saying he owed $2,368. On April 1, the bill increased to $5,788.26. Henderson was surprised, not because he didn't know his rent was due, but because he thought somebody else was helping him pay for it: the government. He was counting on a federal housing voucher to keep him from being homeless again, and he told Insider he was worried he'll soon be homeless in the future.”
