What I read this week...
Kim K, California heat, and quiet quitters
What I read this week…
Kim Kardashian’s newest business venture: private equity (WSJ)
Fed on path for another 0.75-point interest-rate lift after Powell’s inflation pledge (WSJ)
A text alert may have saved California from power blackouts (Bloomberg)
It wasn’t just oil companies spreading climate denial; electricity companies were in on it too (The Atlantic)
What is an “Energy Community”? (Resources Magazine)
President Newsom? (City Journal)
Schools should try to teach kids the basics (Slow Boring)
America is a rich death trap (The Atlantic)
China's life expectancy is now higher than that of the U.S. (Quartz)
“Quiet quitters” make up at least 50% of the U.S. workforce (Gallup)
On Twitter…
Still need to make lots of reforms to our immigrations laws, but this is great news given how few green cards were issued last fiscal year:
The solar revolution is real. The world is forecast to install an incredible 251 gigawatts of solar this year, up 38% from 2021. Next year Bloomberg forecasts the world will install 320 gigawatts.
Cc: @ramez @Noahpinion @paulg @JesseJenkins
bloomberg.com/opinion/articl…
Mr. Beast just opened his first physical restaurant, serving his infamous "Mr. Beast Burger."
This is likely the most packed the mall has ever been (and will ever be).
The power of content to commerce in action.
But this isn't his first commerce endeavor:
Frances Tiafoe just beat Rafael Nadal and is now the last remaining American male at the US Open.
You may not know who Frances is, but once you hear his inspirational story, you will always root for him.
Let me explain 👇
Apple: three trillion photos were taken with iPhones last year.
In 1999, the peak of the film-camera industry, consumers took around 80bn (according to Kodak)
And good luck finding that in the GDP statistics.
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