Tuesday morning news drop
Before Miami collapse, engineers warned of major concrete structural slab damage Owners of units in a Florida oceanfront condo building that collapsed with deadly consequences were just days away from a deadline to start making steep payments toward more than US$9 million in major repairs that had been recommended nearly three years earlier. (On-Site)
The Miami condo collapse is a devastating reminder of America’s artificial land problem Big chunks of American cities are built on man-made land that is a climate catastrophe waiting to happen (The Week)
The Miami Building Collapse Is a Warning: Waiting to trace the exact lines of causation misses the point. (Slate)
Workers Are Gaining Leverage Over Employers Right Before Our Eyes “Employers are becoming much more cognizant that yes, it’s about money, but also about quality of life.” (New York Times)
How Often Does Dollar Cost Averaging Fail? To start, I ran a simulation where I invested $100 a month for 10 years (i.e., $12,000) into different portfolios and compared their performance to sitting in cash. (Of Dollars and Data)
16 Unbelievable Facts About the Markets The 25 years ending March 2020 saw long-term bonds beat the U.S. stock market. From the spring of 1996 through March 2020, long-term government bonds returned 8.2% annually versus a return of 8.0% per year for the S&P 500. And they did so with one-third less volatility. (A Wealth of Common Sense)
Social class in America America is a class-stratified society. Class looms so large over our society that we don’t even see it, like a roof that’s so big we think it’s the sky. Only once we finally step outside do we look back at the towering edifice do we see it, (Noahpinion)
Google’s Antitrust Cases: A Guide for the Perplexed The company is facing multiple lawsuits from the Department of Justice and three dozen states. Here’s what you need to know. (Wired)