News From the Control Tower - 11/2/2022

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

This week’s reads include:

1.       Corporate America Has a Message for the Fed About Inflation

If the Federal Reserve’s chair, Jerome H. Powell, and his colleagues look at company earnings reports, these themes might catch their eye.

2.       The Home-Improvement Boom Isn’t Over Yet

The housing market has turned from hot to freezing cold, but spending on home renovation appears well insulated for now

3.       A Chicago Man Quietly Left Behind $11 Million — The Largest Unclaimed Estate In American History

A Gage Park man's $11 million estate will be divided among 119 distant relatives, officials said.

4.       Some Suburbs Are Actually Trying to Solve the Housing Shortage

New York suburbs have long lagged their peers in building new housing. A few towns are eyeing a different approach.

5.       The Newest Card-Carrying Members of AARP: 20-Somethings

Youthful AARP members respect their elders’ access to discounts to cope with inflation. ‘Our daughter is an old soul. She now has the card to prove it.’

Bonus: Revisiting the Playground

We might think that the playground is the natural place for children to play: swings, slides and roundabouts are widely seen as the essential features of a public play space for children. Nonetheless, the present-day playground is the culmination of over 150 years of debate about where and how children and young people should spend their time when not at school or work.