Wednesday morning news drop
The New Meth ‘I don’t even know that I would call it meth anymore’ Different chemically than it was a decade ago, the drug is creating a wave of severe mental illness and worsening America’s homelessness problem. (Atlantic)
Writing “Eleanor Rigby” How one of the Beatles’ greatest songs came to be. My life is full of these happy accidents, and, coming back to where the name Eleanor Rigby comes from, my memory has me visiting Bristol, where Jane Asher was playing at the Old Vic. I was wandering around, waiting for the play to finish, and saw a shop sign that read “Rigby,” and I thought, That’s it! It really was as happenstance as that. When I got back to London, I wrote the song in Mrs. Asher’s music room in the basement of 57 Wimpole Street, where I was living at the time. (New Yorker)
England's pubs look for post-pandemic rally British pubs were on the decline before COVID-19 and the pandemic looked to be last call for these cornerstones of British community life. But as the pandemic winds down and England reopens, the British are realizing just how much they missed their locals. (60 Minutes)
Ignore the Price, Remember the Dividends For most of history, the price you paid would have had far less of an impact on your long-term returns than something you might have not even noticed. What am I referring to? Dividends. Reinvested dividends. (Of Dollars And Data)
It's been nearly 20 years since inflation has been this high in Canada Canada's inflation rate rose to a new 18-year high of 4.4 per cent in September, with higher prices for transportation, shelter and food contributing the most to the jump in the cost of living. (CBC)
Inflation at almost two-decade high complicates Bank of Canada rate plan Kevin Carmichael: The cost of just about everything that Statistics Canada measures was more expensive in September (Financial Post)
Fed Staff Says Wall Street Is Getting Inflation Call All Wrong Chair Jerome Powell and his colleagues expect elevated inflation to abate next year. Noteworthy: The Fed’s staff forecasts for inflation have been historically more accurate than consensus forecasts, and by a significant amount. (Bloomberg)
Most Housing Units Under Construction Since 1974 Currently there are 712,000 single family units under construction, the highest level since 2007. There are 714,000 multi-family units under construction, the highest level since 1974 (Calculated Risk)
Will 4% Mortgage Rates “Halt the Housing Market”? Some comments on an interview with Ivy Zelman, who has a solid track record, and is focused primarily on new housing (single and multi-family). (Calculated Risk)
