What We’re Reading

Opinions:

I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another. And that is I say “I’m not entitled to have an opinion on this subject unless I can state the arguments against my position better than the people do who are supporting it. I think that only when I reach that stage am I qualified to speak.” Now you can say that’s too much of an iron discipline..it’s not too much of an iron discipline. It’s not even that hard to do.

Employment:

Federal Reserve staff analysis indicates that unemployment is likely above 20 percent for workers in the bottom wage quartile, while it has fallen below 5 percent for the top wage quartile.

3-pointers:

There are currently 15 teams with 3-point rates above 40%. Half the league is now doing something that until recently no team in the history of the league had ever done.

Twenty years ago, 17% of NBA shots were threes. Ten years ago, it was 22%. Five years ago, it climbed to 28%. And it didn’t stop there. The 3-point rate across the entire league kept rising until it soared near another milestone in the first month of this season: It’s settling at almost exactly 40%.

Power:

Cities across Iran have been cloaked in thick layers of toxic smog and darkened by blackouts, as the alleged use of low-quality fuel and power-sucking cryptocurrency mining deepen the country’s hardships.

Lights:

Even though many of these offices remain closed or nearly emptied of people, electricity use is climbing steadily back up to pre-pandemic levels. By the fall, electricity consumption had climbed back up to 90% of what it was before the lockdowns and office closures, and it has stayed there, according to Hatch Data. Offices are still empty, but they’re using almost as much energy as they were when they were full.

Have a good weekend. Wear a mask and don’t short stocks.


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