January 25, 2018

Perspective

AZ Central – USA Today: Budweiser falls from top three U.S. beer favorites – Mike Snider 1/23

NYT – School Shooting in Kentucky Was Nation’s 11th of Year. It Was Jan. 23. – Alan Blinder and Daniel Victor 1/23

WSJ – Daily Shot: Vox – US Marijuana Laws 1/24

Worthy Insights / Opinion Pieces / Advice

The Mission – Why The Smallest Steps Towards Your Goals Become Giant Strides of Momentum – Tony Fahkry 1/23

Markets / Economy

WSJ – Price War Pressures Consumer-Goods Giants – Sharon Terlep 1/23

  • “Procter & Gamble said average prices fell for first time since 2011; rival Kimberly-Clark to slash jobs.”

Real Estate

WSJ – What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’ – Ryan Dezember and Peter Rudegeair 1/22

WSJ – Big Landlords Pile Into Co-Working as WeWork’s Ascent Continues – Peter Grant 1/23

Cryptocurrency

Economist – Daily Chart: Crypto-currencies are in a tailspin 1/22

Bloomberg – Bitcoin May Split 50 Times in 2018 as Forking Craze Mounts – Olga Kharif 1/23

Construction

FT – US ‘constructech’ start-up raises $865m in SoftBank-led round – Richard Waters 1/24

  • “Katerra aims to transform homebuilding by applying precepts of electronics outsourcing.”
  • “The company, which operates from a factory in Arizona, already has $1.3bn of committed orders from developers and hopes to build another four or five facilities by the end of next year…”
  • Katerra hopes to drive down costs by ordering materials for multiple developments at once, giving it negotiating leverage over suppliers, and by developing manufacturing techniques to lower overall construction costs.”
  • “In one sign of its ambition, Katerra recently broke ground on an $85m factory in the US state of Washington that it said would be the world’s biggest maker of cross-laminated timber, a more ecologically friendly building material that is increasingly being used instead of concrete and steel.”
  • “The investment, which lifts the total amount Katerra has raised to almost $1.2bn, values the company at more than $3bn, including the latest round…”
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