What we’re reading (5/29)
“Memorial Day Travel Surge To Test Airports, Airlines” (Wall Street Journal). “While domestic air-travel numbers last Christmas were only half those in 2019, recent Transportation Security Administration counts have them now hovering around 90% of pre-pandemic levels. The TSA screened 1.9 million passengers last Sunday, a 14-month high.”
“Why You Should Wait Out The Wild Housing Market” (The Atlantic). “How wild is the U.S. housing market right now? So wild, half of the houses listed nationwide in April went pending in less than a week. So wild, one poll found that most buyers admitted to bidding on homes they’d never seen in person. So wild, a Bethesda, Maryland, resident recently included in her written offer “a pledge to name her first-born child after the seller,” according to the CEO of the realty site Redfin. So wild, she did not get the house.”
“Bosses Are Acting Like The Pandemic Never Happened” (Vox). “CEOs should be thinking ‘if I try to push my organization back to 2019 and that all-cubicle model,’ [Harvard Business School professor Prithwiraj] Choudhury said, ‘the risk is I’m going to lose my best employees.’”
“Even In The Face Of Surging Grocery Prices, Retail Beef And Pork Prices Cause Sticker Shock” (Washington Post). “Overall food prices rose 0.4 percent from March, and are up 1 percent from a year ago, according to data released by the Bureau of Economic Analysis on Friday. The price of pork soared 2.6 percent in the month of April and 4.8 percent from a year ago, adjusting for seasonality. And while beef and veal prices stayed fairly flat for the month, they are up 3.3 percent from a year ago. In a season that routinely sees increased demand for beef and pork, this goes far beyond people excited to get back outside to barbecue.”
“A Massive Cannabis Farm Raided By UK Police Turned Out To Be A Bitcoin Mine” (Business Insider). “When police in West Midlands, UK were getting ready to raid what they suspected was a cannabis farm on May 18, they instead discovered a cryptocurrency mine that was stealing thousands of pounds worth of electricity from the main supply. ‘It's certainly not what we were expecting,’ Sandwell Police Sergeant Jennifer Griffin, said in a statement.”
