What I read this week...

Figma/Adobe, Patagonia, and Janet Yellen's stamp collection

What I read this week…

• $20 billion Figma deal is a historic coup for startup investors in an otherwise miserable year (CNBC)

• A $100 million bet on finding the next ‘Mr. Beast’ (NYT)

• SoftBank considers launching a third Vision Fund (WSJ)

• Patagonia has no more owners (Bloomberg Opinion)

• The economy is still running hot, so expect the Fed to stay tough (Noahpinion)

• Stock trades reported by nearly a fifth of Congress show possible conflicts (NYT)

• Former Disney CEO Robert Iger to join venture firm Thrive Capital (WSJ)

• Janet Yellen likes rocks. Foreign diplomats keep giving her stamps. (WSJ)

• Roger Federer says he will retire from tennis (NYT)

On Twitter…

Chris Josephs @Chrisjjosephs

Two days ago the NYT posted an investigation into politicians trading stocks They found that 81 Democrats & 101 Republicans filed up to 3,700 trades and $100M in possible volume Many had 100% winners, with some perfectly timed Here’s examples of just how good they were

NPR @NPR

The governor of Florida paid to fly about 50 migrants from Texas to Martha's Vineyard. 3 migrants told NPR a woman lured them onto the plane, saying they'd be flown to Boston to get expedited work papers. "She offered us help. Help that never arrived."

n.prMigrants on Martha’s Vineyard flight say they were told they were going to BostonThe plane flight carrying dozens of migrants and paid by Florida Gov. Ron DeSantis is the latest move by Republican officials to send migrants to Democrat-controlled cities.

Jeanne Whalen @JeanneWhalen

Electric-vehicle revolution revives Midwestern factory, which now employs 2x the workers. Sweeping retooling of US auto sector is "one of the most economically significant things happening in our country in 100 years."

washingtonpost.comThis Midwestern factory was dead. Electric vehicles revived it.A sweeping retooling of the U.S. auto industry is underway, as automakers modernize old factories and break ground on new ones for the electric era.

Bloomberg Green @climate

Almost all developed nations have seen a decline in roadway deaths over the last decade, while the US has endured a 30% rise. We explore what drove Japan's remarkable traffic safety turnaround (via @CityLab)

trib.alBloomberg - Are you a robot?

Derek Thompson @DKThomp

Rents are not like gas prices. When gas prices go up, everybody pays the same price. When listed rents go up, or down, only movers are paying that new price. Others are locked in. So, it can take 6-8 months for total rent inflation to catch up to listed rent price movements.

Jeff Richards @jrichlive

Not The Onion

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