What I read this week...

This week temperatures surpassed 40C (104F) in the UK for the first time ever (Photo: Getty Images)

What I read this week…

• Biden approval hits new low amid public discontent with both parties (Quinnipiac Poll)

• People have money but feel glum – what does that mean for the economy? (WSJ)

• How much sprawl costs America; more than $1 trillion, according to new report (Bloomberg)

• Here's the speech Joe Biden should give on the climate 'emergency' (Faster, Please!)

• The world can’t wean itself off Chinese lithium (WIRED)

• Emerging small nuclear reactors may significantly contribute to grid decarbonization by 2050 (Utility Dive)

• Congress pushes in its CHIPS (Popular Information)

• The complete guide to '-In My Backyard'; YIMBYs, NIMBYs, and everyone in-between (The Discourse Lounge)

• The next generation of NIMBYs (The Atlantic)

• Top 10 political issues to run on and why (Slow Boring)

• State legislators passed abortion bans. These corporations sent checks. (Popular Information)

• Most Americans think NASA’s $10 billion space telescope is a good investment, poll finds (The Verge)

• Potential fabrication in research images threatens key theory of Alzheimer’s disease (Science)

• India’s ed-tech bubble goes pop (WSJ)

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On Twitter…

The Economist @TheEconomist

ESG is often well-meaning but it is deeply flawed. The industry is a mess and needs to be ruthlessly streamlined econ.trib.al/SaBk14u

Nancy Pelosi Stock Tracker @PelosiTracker_

Timeline of events: 7/23/21 - Buys $NVDA LEAPS 3/28/22 - $52B CHIP act initially passes but stalls out 6/17/22 - Pelosi buys $5M worth of $NVDA stock 7/14/22 - Pelosi comes out saying the bill needs to get passed ASAP

Nancy Pelosi Stock Tracker @PelosiTracker_

Update 7/19/21 - Senate votes to move ahead with the bill 7/20/21 - Pelosi goes on the record saying she will support the bill

logan bartlett @loganbartlett

This is a fantastic analysis on software from William Blair. Observations if this pullback resembles past: - near the bottom for sw val’n despite growth deterioration coming - enterprise to suffer far less, smb far more (duh) - once bottomed, stocks should rise fast in ntm

Matthew Yglesias @mattyglesias

Getting married makes people happier, divorce or spousal death makes them sad. But it looks like on net it’s better to have loved and lost. sciencedirect.com/science/articl…

Andrew Wortman 🏳️‍🌈🇺🇸 @AmoneyResists

Well isn’t that interesting?

Kantro @MichaelKantro

Sentiment doesn't drive markets, markets drive sentiment. I've overlaid the ISM New Orders (inverted) on this $BAC FMS chart to demonstrate what's really going on. Sentiment will turn when the economy does. Context is king. #macro #HOPE

Jonathan Ferro @FerroTV

BofA Fund Manager Survey "I'm so Bearish, I'm Bullish" -Record low growth expectations -Record low profit expectations -Equity allocation lowest since 08 -Cash levels the highest since 01 https://t.co/bxxzLloLJw