1/ In just nine months, 2021 broke all records for US startup funding, by a towering margin. US startups raised roughly $240 billion as of Sept. 30, dwarfing 2020’s full-year total of $166 billion. qz.com/2074714/2021-h…
2/ Lately, startups have been listing on the US stock market at sky-high valuations, delivering huge returns for their early investors. Meanwhile, a greater number of nontraditional early-stage funders have been lured into the startup market. qz.com/2074714/2021-h…
3/ Much of the funding in 2021 has gone to tech startups. Tech is one of the few sectors still delivering massive returns amid inflation fears, supply-chain chaos, and economic disruptions. qz.com/2074714/2021-h…
4/ It’s been a banner year for startup acquisitions and stock listings, both of which allow early funders to recoup their initial investments—plus a handsome profit, if the startup’s valuation has grown enough. qz.com/2074714/2021-h…
5/ Pitchbook data reveals a spike in what it terms “mega-deals,” investment rounds that total more than $100 million. Puffed-up funding rounds like these have minted 373 new startups with $1 billion valuations in 2021 alone. Read more: qz.com/2074714/2021-h…
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1/ The US's January inflation report shows that the economy has ironed out some pandemic disruptions—but is still very much mired in others. Inflation climbed 0.6% on the month on the back of price increases for food, electricity, and shelter. qz.com/2126047/
2/ The annual inflation rate was 7.5%, the highest in nearly 40 years. Still, some economists say January's inflation report shows signs that supply chains upended by covid-19 are on the mend. qz.com/2126047/
3/ Prices for rental cars, which skyrocketed in the spring and summer of 2021, dropped by 7% in January after falling 2.7% in the prior month. Prices for used cars also moderated, and prices for new cars stayed flat. 🚗
1/ Nearly all prior #WinterOlympics host cities will see weather conditions that make it difficult to hold outdoor winter sports competitions over the coming decades. The culprit is greenhouse gas emissions and the resulting climate change. qz.com/2122792/former…
2/ If global emissions reach targets set by the Paris Climate Agreement, eight previous host cities might be considered reliable hosts by the 2080s. If the targets are missed, only Sapporo, Japan, would be able to provide fair and safe conditions. qz.com/2122792/
3/ Optimal conditions for the Winter Olympic Games include:
🌡️ Temperatures between −10°C and −1°C (14ºF to 30ºF)
❄️ Days with more than 10 cm of natural snow
🌧️ Days with less than 1 mm of rain (more than 1 mm creates wet snow) qz.com/2122792
1/ In December 2021, the number of job openings was nearly double the number of long-term unemployed people, according to a new report from @BLS_gov.
That’s the biggest mismatch recorded since the agency started collecting the data in 2000. qz.com/2120544/there-…
2/ The gap has grown as employers continue to post new jobs even as the number of unemployed people drops quickly. The figures are the latest indicator of how covid-19 disruptions have upended the job market.
3/ In another sign of a tight labor market, the share of laid-off workers inched down to a record 0.8% after sitting at 0.9% since August. qz.com/2120544/there-…
🧑💻 Employees who work from home in the US gain an extra six hours compared to when they went into the office, according to a survey of nearly 4,000 respondents. Half of that extra time goes to recreational activities, but they spend the other half working. qz.com/2119734/us-wor…
In January, researchers found workers saved about 60 minutes a day from not commuting, and 10 minutes from skipping daily grooming tasks like showering, shaving, putting on clean clothes, or putting on makeup.
Despite the extra work hours, many workers are reluctant to go back to the office full-time.
On average, the 42,000 remote workers polled since July 2020 have said they plan to work from home two days a week even after the pandemic subsidies. qz.com/work/1991968/h…
1/ As of November 2021, workers were putting away less money from their wages into savings compared to what they were saving pre-pandemic. This spells the end of the higher levels of saving seen during the pandemic. qz.com/2107567/americ…
2/ Into the future, the savings rate will shrink more slowly. Americans are set to eat up about $5 billion extra a month out of a $2.5 trillion in savings. qz.com/2107567/americ…
3/ The US savings rate peaked in the summer of 2020 and most pandemic-related government benefits ended in 2021. qz.com/2107567/americ…