News From the Control Tower - 7/22/2020
Danielle (left) and Amanda Ingle, Lead Grant Manager for @beawareblount, celebrated with a great lunch at Smoky Mountain Brewery.
Interesting reads this week include:
1. How to Sell Books in 2020: Put Them Near the Toilet Paper
Book sales jumped this spring at big-box stores, which stayed open and stocked essentials while other shops closed.
2. A second Great Depression? Unemployment crisis hits big cities hard
The unemployment rate in New York rose to 20.4% in June, even as the broader country’s improved. Los Angeles had a 19.5% jobless rate.
3. The S&P 500 Grows Ever More Concentrated
The percentage of assets held by the S&P 500’s 10 largest positions leapfrogged to 26%.
4. In Electric Car Market, It’s Tesla and a Jumbled Field of Also-Rans
Most traditional carmakers are struggling to produce and market electric vehicles even as Tesla sells hundreds of thousands of its luxury models.
5. ‘Let’s Go Fly, for God’s Sake.’ Behind American Airlines Chief’s All-In Strategy
CEO Doug Parker is adding flights back quickly despite a gathering coronavirus storm that will determine whether his bet is judicious or reckless
6. The Fed Is Setting the Stage for a Major Policy Change
Policy makers have begun talking about letting the inflation rate rise above its 2% target. Look for a formal statement soon.
7. Baseball Will Start Its Weirdest Season Ever. Will It Finish?
The national pastime is set to open its pandemic-delayed 2020 season, which promises to be a strange sprint that is still fraught with peril.
Bonus
World Surf League announces the five nominees for the 'Wipeout of the Year' category, an award that shows surfing is one of the most dangerous sports in the world.