News From the Control Tower - 3/18/2021
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Samsung Warns Of 'Serious Imbalance' Amid Global Chip Market Shortage
Samsung Electronics warned Wednesday that the global shortage in semiconductor supplies has created a "serious imbalance" that is affecting production in everything from smartphones to electric vehicles.
2. Sweatpants and hand sanitiser added to UK inflation calculations
The ONS said the inclusion of the two new items was "influenced by the effects of the coronavirus (COVID-19) pandemic, with the increased use of portable hand cleansers by people on the move and more people dressing casually when working at home."
3. Texas Freeze Triggers Global Plastics Shortage
Numerous chemical plants were shut down as state lost power last month, disrupting a global supply chain for consumer goods.
4. Homebuyers Are Heading to Florida During Covid, but Nearly as Many Are Moving Out
Thanks to hurricanes, heat and red-hot home prices, the state’s population growth hit its lowest rate since 2014 during the pandemic.
5. Tesla owner spends $160 driving cross-country in all-electric 2021 Mustang Mach-E
A feature that made the trip especially efficient is one shared by Ford and Hyundai that allows the vehicle to coast — it's called "free wheeling”. The less resistance the car has, the less energy it uses.
Bonus: Give a dog a bone: Spending money on pets promotes happiness
This research offers pet owners an evidence-based strategy for boosting happiness.