Daily Musings — Notable News of the Day
January 7, 2021
Amazon.com to spend $2 billion in homebuilding near key U.S. offices
The company said it intends to create at least 20,000 affordable housing units in Puget Sound area of Washington State, Virginia’s Arlington and Nashville in Tennessee. A large proportion of Amazon’s investment will be through low-cost loans to preserve or build affordable housing for moderate-to-low income families, the company said.
U.S. private payrolls post first decline in eight months as COVID-19 cases skyrocket
The ADP National Employment Report on Wednesday showed job losses across all industries last month as the coronavirus outbreak kept many consumers and workers at home. While the report underscored the magnitude of the crisis, the economy was unlikely to slide back into recession, thanks to additional fiscal stimulus approved in late December.
Delivery by jet: Amazon buys 11 Boeing jets for first time to ship orders faster
“Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations.”
Michelin scrapping 2,300 jobs over next three years
“The plan is part of a broad co-construction and social dialogue approach and will rely on negotiating a three-year framework agreement that will not entail any layoffs.”
So long big city! Handling a pandemic often means calling the movers
“I’m getting people in their 20s who’ve lost their jobs and are moving back to their parents…I’m getting families with small children who are tired of California’s high cost of living. They can work from home now — which means anywhere. And I’m getting people in their 40s, especially if they have elderly parents back east who need help.”
US Newsrooms Lost a Record 16,160 Jobs in 2020, Study Finds
The grim numbers come as multiple news organizations and TV news networks…announced layoffs across their news and business divisions in 2020. For many newsrooms — and particularly for local newspapers — advertising revenue had taken a big hit with the cancellations of major events, the closures of businesses and the precipitous drop in ad spending.
Heartland calling: Half of Americans now want to live in small town or rural setting: Gallup poll
48% of U.S. adults say they would prefer to live in a rural area or town, given a choice; 66% of Republicans, 47% of independents and 33% of Democrats agree; and 52% of men and 44% of women also agree.
New Mercedes screen to stretch nearly full width of car
Kallenius said the forthcoming EQS luxury sedan would showcase the company’s efforts in digitalization and electrification, two trends that are shaking up the industry. It’s the first Mercedes car built on its all-electric framework rather than sharing components with an internal combustion model.
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