Tuesday morning news drop
What Will Be the Tipping Point of the Climate Crisis? Glaciers are melting. Coral reefs are dying. Eventually, the devastation will be impossible to reverse (Walrus)
“Asset price inflation” is not a thing American society — healthcare, childcare, and related goods really are becoming less affordable. But that’s not what inflation is. Also not inflation is the thing that some people, including major investment managers and venture capitalists, have taken to calling “asset price inflation.” (Slow Boring)
The US Is Real Close to Screwing Up Electric Vehicle Charging Forever There is no such thing as “the” EV charging network. It’s a complicated patchwork of plugs and proprietary software. And unless something changes, it’s only going to get worse. (Vice)
Germany’s Climate Obstacle: Its Love Affair With Combustion Cars Automakers enjoy deeply embedded support from customers and have influence over government policy.(Bloomberg)
The ‘Green Energy’ That Might Be Ruining the Planet The biomass industry is warming up the South's economy, but many experts worry it's doing the same to the climate. Will the Biden Administration embrace it, or cut it loose? (Politico)
How Much Money Do You Need To Make To Be Considered Rich? If the last year or so has taught us anything about U.S. government debt, it should be that we don’t need to “pay” for more spending. The money is essentially created out of thin air by issuing more U.S. treasury bills and bonds. It’s not like the government came to each household and asked for more tax revenue before spending trillions of dollars. (A Wealth of Common Sense)
Who Helps Pay Amazon’s Low-Wage Workers? You Do. Taxpayers pick up the tab for employees at big companies whose paychecks won’t cover basic necessities. (Bloomberg)
Mortgage insights & a new measure of affordability Every year since 2005, Mortgage Professionals Canada has put out a meaty annual mortgage report summarizing the state of the market in Canada. And while MPC is an industry lobby group, the author Will Dunning has a wealth of experience in mortgage and real estate analytics and always puts out quality analysis of Canadians’ mortgage and housing experience. Generally these reports are based on a survey of both owners and renters as well as other statistical sources and is always worth a read. (House Hunt Victoria)
