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)
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)
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
7:15 PM · Sep 15, 2022
3.65K Reposts · 13K Likes
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.pr
Migrants on Martha’s Vineyard flight say they were told they were going to Boston
12:04 PM · Sep 15, 2022
3.14K Reposts · 6.48K Likes
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.com
This Midwestern factory was dead. Electric vehicles revived it.
1:34 PM · Sep 12, 2022
27 Reposts · 66 Likes
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.al
Bloomberg - Are you a robot?
7:04 AM · Sep 14, 2022
4 Reposts · 8 Likes
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.
12:52 PM · Sep 13, 2022
6 Reposts · 69 Likes
Jeff Richards@jrichlive
Not The Onion
9:47 PM · Sep 13, 2022
2 Reposts · 66 Likes
Like we care.