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February 2024
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Wall Street Journal (February 7)

2024/ 02/ 09 by jd in Global News

“Luxury retailers, flush with cash, are spending big on real estate in the world’s most expensive and exclusive shopping corridors” including New York’s Fifth Avenue, Avenue Montaigne in Paris, and London’s New Bond Street. The “shopping spree shows that retailers are using their considerable cash to free themselves from the control of landlords and plant their flags on streets where they want a long-term presence.”


CNN (December 27)

2023/ 12/ 28 by jd in Global News

While the economic progress made during 2023 is remarkable, “there’s still a long way to go before inflation is where the Fed wants it,” partly because higher prices have been “pervasive” and “sticky.” They’re not easily reversible. “More than 90% of the items tracked in the Consumer Price Index are more expensive than they were in February 2020, with most price increases landing north of 20% and some (fuel and margarine) approaching 55%.”


Fortune (December 31)

2022/ 12/ 31 by jd in Global News

“Tesla Inc. shares have fallen so far, so fast that some individual investors are piling in.” but the company still faces “mounting challenges” and remains expensive. “Even after this year’s record 65% drop, the electric-car maker’s meteoric surge during 2020 and 2021 has left it with stock-market value of $389 billion, more than Toyota Motor Corp., General Motors Co., Stellantis NV and Ford Motor Co. combined.”


Washington Post (August 17)

2022/ 08/ 17 by jd in Global News

“By next year, India will become the most populous nation. This, like House Speaker Nancy Pelosi’s splendidly insouciant visit to Taiwan, will diminish today’s fatalism about China — the fallacious assumption that its trajectory is inevitably upward, so it must be accommodated.” Chinese labor is now “increasingly expensive and decreasingly abundant,” as its population peaks and declines by roughly half.


WARC (August 7)

2020/ 08/ 09 by jd in Global News

“Share of search provides a useful metric that any marketer can use as a surprisingly accurate proxy for the important, but often expensive, calculation of a brand’s market share.”


Washington Post (July 4)

2019/ 07/ 06 by jd in Global News

Trump’s Fourth of July pageantry was “outrageous, of course, but not surprising. It was clear from the beginning that Independence Day meant nothing more to Trump than an opportunity to choreograph a made-for-television reelection event and give himself an obscenely expensive ego massage.” Ironically, however, “he ended up looking small” by trying “to make Independence Day all about him.”


The Economist (March 19)

2019/ 03/ 21 by jd in Global News

The Economist Intelligence Unit just announced the most expensive cities in the world. Due to inflation, Tokyo doesn’t rank in the top 10. “Singapore marks its sixth straight year at the top of the rankings, and is joined there by Hong Kong and Paris.” Osaka was the only Japanese city to make the top 10 in “the survey, which compares prices across 160 products and services.”


Bloomberg (February 7)

2019/ 02/ 09 by jd in Global News

Stock buybacks are under attack in Congress, but the market has already “soured on the strategy. Last year’s trillion-dollar splurge didn’t stop the stock market from falling for the year.” Furthermore, the S&P 500 Buyback Index shows that firms conducting buybacks have been outpaced by the market two years in a row. “With stocks expensive, using shareholders’ money to buy at inflated prices is a bad deal. The buyback phenomenon could die a natural death.”


New York Times (March 3)

2015/ 03/ 04 by jd in Global News

Warren Buffet’s annual letter to Berkshire Hathaway shareholders really let the finance industry have it. “Mr. Buffett has long ridiculed the financial industry, but this year’s letter, laced with references to bankers, lawyers and consultants as ‘a lot of mouths with expensive tastes,’ seemed to amp up the pugnacity.”


Washington Post (April 23)

2014/ 04/ 25 by jd in Global News

“Budget realities require a modest approach to human space exploration and not an Apollo-style moonshot.” NASA needs to adopt a more practical approach. “Rather than attempting to send people to Mars on the cheap, there’s a compelling argument that we could accomplish more with a less expensive strategy of unmanned exploration.”


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