Wednesday morning news drop
Inflation pressure hits consumers as firms pass along higher costs An increasing number of companies are passing along higher input costs to consumers, a sign of inflationary pressure as the economy recovers from the pandemic. (Globe and Mail)
What’s behind the growth slump? Takeaways from census data Our past decade’s sluggish rate had similar beginnings in the long shadow of the Great Recession. The drawn-out recovery saw many young adults struggling to enter the job market, delaying marriage and starting a family. That dealt a blow to the nation’s birthrate. Then the pandemic hit last year and made matters worse. (AP)
Why Dead Trees Are ‘the Hottest Commodity on the Planet’ Blame climate change, wildfires, hungry beetles … and Millennial home buyers. (The Atlantic)
Is ESG Outperformance Just an Illusion? Research suggests the excess returns delivered by ESG funds come from a source other than companies’ environmental, social, and governance records. (Institutional Investor)
Whose Decline is it Anyway? I recently read this Wall Street Journal article about three photographers in California who became day traders during the pandemic. Since photography work was so hard to come by, they thought they would have more luck if they teamed up and took on the stock market. Initially, their plan worked. Trading on Robinhood was making them more money than they ever earned as photographers. (Of Dollars and Data)
Why Connor McDavid is in league of his own with career-best season The best player on the planet is having the best season of his career and he put on an absolute clinic Monday night in Winnipeg. (Sportsnet)