Target and Walmart report big earnings but shares slip on margin concerns. Sweetgreen surges 85% on the salad restaurant’s first day of trading. And Intuit, Nvidia, Home Depot, and Lowe’s all hit new highs. Motley Fool analysts Emily Flippen and Jason Moser discuss those stories and discuss the latest from Axon Enterprise and Bilibili. Plus, our analysts share two stocks on their radar: Farfetch and Peloton. And corporate governance expert and film critic Nell Minow talks ESG, executive compensation, and must-see movies with Academy Awards potential.
David Bahnsen joins the podcast today to talk about the Build Back Better bill and why its passage in the House might be at best politically meaningless for Democrats and at worst their Armageddon before we go on to discuss his book, There’s No Free Lunch, about economics and human flourishing. Give a listen. Source
This story of Los Angeles’ 1930s era of gambling boats — and Tony Cornero, the underworld boss at the center of the action — is a portal to another version of the city, one that’s glamorous and seedy. Business reporter Daniel Miller spent months chasing down the tale, poring over FBI records, reviewing newspaper accounts and interviewing the few people alive who remember when barges bobbing off the coast of Santa Monica offered the chance at a sea-sprayed jackpot. He tells us about this world of water-cannon gangsters and floating vice dens — which paved the way for the popularity of Las Vegas and dramatically met its end 82 years ago this month.
House expected to vote on Democratic spending plan today ... delayed by an eight hour speech on the House floor. Defense wraps up in Georgia jogger killing. Outrage after a judge gives a rapist probation. CBS News Correspondent Steve Kathan has today's World News Roundup.
Some factors that drive relentless growth in state spending are eternal; some are getting stronger. Our correspondent outlines a big-government future. We examine how MacKenzie Scott, an accidental billionaire, is revolutionising big-money philanthropy. And Moroccan hoteliers rail against a law that forbids beds for the unwed.
We’ve got a Batman/Superman situation as Starbucks and Amazon team up on a store. Nicolas Cage is pumped that a copy of the US Constitution was (almost) bought by a special crypto team: aka “The DAO.” And Nvidia stock jumped 8% because it whipped up a physical shovel to the digital meta goldrush.
$NVDA $SBUX $AMZN $NVDA $ETH $BTC
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Cities throughout the U.S. (and around the world) are struggling with the many issues that come with neighborhood growth and displacement. But what if, instead of being negatively impacted by development, residents benefited from it instead?
In this episode — part two of our two-part series on new models for wealth-building — we explore “neighborhood REITS,” a model that helps community members invest in local development projects. This innovative approach can help folks participate in their own communities’ growth, and as we see through the work of Albina Vision, it can also potentially begin to redress some of the racial inequities that have been baked into our housing system for decades.
In this episode:
[00:00 - 05:30] Local Portland artist Cleo Davis shares the struggles of gentrification that destroyed the legacy of his community in the historically Black neighborhood of Albina.
[06:16 - 13:07] Marc Norman, associate professor in affordable housing, breaks down a new wealth-building model called a neighborhood REIT.
[13:08 - 23:09] Rukaiyah Adams, Board Chair of the Albina Vision Trust, discusses the history of Lower Albina and her hopes that a neighborhood REIT could be one way to help people access the multi-generational wealth that they were denied.
[23:10 - 25:37] Cleo Davis wraps up with the hope that Albina Vision will be the greatest monument to Black creativity and prosperity that the neighborhood could have.
City of the Future is hosted by Eric Jaffe and Vanessa Quirk, and produced by Guglielmo Mattioli. Story editing by Rough Cut Collective and Benjamin Walker. Mix is by Andrew Callaway. Art is by Tim Kau. Our music is composed by Adaam James Levin-Areddy of Lost Amsterdam. Special thanks to Cleo Davis, Marc Norman, Rukaiyah Adams, Winta Yohannes. Annie Koo, Alison Novak, Jesse Shapins, and Chrystal Dean.
