What We're Reading

Contracts:

Apple now receives an estimated $8 billion to $12 billion in annual payments — up from$1 billion a year in 2014 — in exchange for building Google’s search engine into its products. It is probably the single biggest payment that Google makes to anyone and accounts for 14 to 21 percent of Apple’s annual profits.

Covid response:

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Driving:

A study this summer by accounting and consulting firm KPMG forecast that vehicle miles traveled will settle at about 90% of pre-2020 levels in coming years. On a per capita basis, they were down 5% from their all-time high in the mid-2000s even before the pandemic. Driving in the U.S. would seem to have peaked.

Damage:

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Experiences:

Americans have no common conception of the pandemic, which means you can’t assume that someone you’ve trusted for years isn’t about to expose you to a deadly disease, or even that you live on the same plane of reality. People feel bad about enforcing their boundaries, or they simply grow tired of constant vigilance. Occasionally, they just forget.

Have a good weekend, stay safe.

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