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News From the Control Tower - 10/14/2020 Thumbnail

News From the Control Tower - 10/14/2020

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1. America Has Lost Its Taste for Iceberg Lettuce

The decline of escarole, the rise of kale and other statistical evidence of how America has been changing.

2. The Best Pastries Are Now Being Sold Via Instagram

Faced with uncertain futures, out-of-work pastry chefs are operating microbakeries from their home kitchens.

3. Mainstreaming MMT

The role of Treasury securities as private sector assets, rather than just public sector liabilities, works as a kind of gestalt switch for readers. Where we used to see public borrowing, now we see asset printing.

4. Florida Sees Signals of a Climate-Driven Housing Crisis

Home sales in areas most vulnerable to sea-level rise began falling around 2013, researchers found. Now, prices are following a similar downward path.

5. The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O.

Tidjane Thiam made Credit Suisse profitable again. But the Swiss rejected him as an outsider, and a sudden scandal took him down.

Bonus: The American Latino Experience: 20 Essential Films Since 2000

In Hollywood, Hispanic stories usually mean ones from other countries. The features and documentaries on this list explore U.S. lives that deserve the spotlight, too.