News From the Control Tower - 6/30/2021
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. As The Pandemic Recedes, Millions Of Workers Are Saying 'I Quit'
In normal times, people quitting jobs in large numbers signals a healthy economy with plentiful jobs. But these are not normal times.
2. The Broken Promise of Retirement
If the US does nothing to fix its retirement system, 2.6 million formerly middle-class workers will be plunged into poverty by 2022.
3. Black-owned businesses reflect on a year in the spotlight
We spoke to four founders about how they navigated the flood of attention, and what more needs to be done to support Black entrepreneurs.
4. The economics of dollar stores
A visual explainer of the numbers behind America’s ubiquitous bargain-basement chains.
5. How Litigation Finance Toppled the Fortunes of a Real Housewives Star
An esoteric asset class made its way into reality television when a housewife’s lawyer husband borrowed money he couldn’t pay back.
Bonus: Spiders Covered Australian Shores With a Massive, Gossamer Blanket
The ghostly sight tells a story of escape, survival, and a post-flood feast.