Wednesday morning news drop
Construction costs up across North America Over the past 12 months, (bid) construction costs have risen by 7.42 per cent in North America, says Rider Levett Bucknall (RLB) in its latest Quarterly Construction Cost Report (QCR). In Canada, costs in Toronto grew more than 13 per cent between October of 2020 and October of 2021. Further west, in Calgary, cost increases were north of 10 per cent. (Rider Levett Bucknall)
Lessons From the Tech Bubble It’s one thing to study the past after it was written, it’s another thing to experience it in real-time. Telling future generations about the lockdown cannot possibly convey what it was like to experience it. Looking back at how crazy the numbers got during the dotcom bubble is informative, but data doesn’t tell the whole story. (The Irrelevant Investor)
Are We Bullish Enough? Two years ago I made a prediction that got me laughed out of the room. Before we were ever wearing masks, being socially distant, or discussing web3, I argued that, “If history were to repeat itself…the S&P 500 would be 4x higher by 2030 than where it is today.” (Of Dollars and Data)
The 3 Biggest Risks to the Market Right Now The biggest risks are often the ones we don’t see coming but the smaller risks can still cause some short-term discomfort. You could always say war or some other crazy variant or a collapse of civilization as we know it but I’m going to focus on market-related risks here. (A Wealth of Common Sense)
World’s Biggest Crypto Fortune Began With a Friendly Poker Game With $96 billion, Binance CEO Changpeng Zhao is closing in on tech titans including Facebook’s Mark Zuckerberg and Google’s Larry Page and Sergey Brin. (Bloomberg)
Why Tesla Soared as Other Automakers Struggled to Make Cars The yawning disparity between the performance of the electric car company and established automakers last year reflects the technological change roiling the industry. (New York Times)
2024 Chevrolet Silverado EV Revealed with 664 HP, 400-Mile Range Chevy faces off against the F-150 Lightning with its new electric truck. The high-end RST model will offer 664 horsepower and a 10,000-pound towing capacity. (Car and Driver)
Sustainability: Where fashion is heading in 2022 Last year, a lot of planning was done around fashion sustainability — but less action. The biggest theme as we head into 2022 is the interconnection between carbon emissions, equity and supply chain. (Vogue Business)
How Mo Salah Became the New King of Football Mohamed Salah is the best player in the world right now. The world just hasn’t admitted it yet. (GQ)
