- The Las Vegas Business Trip Is Back (Mostly) “The networkers are back in Vegas. Some of them, anyway. At 2 p.m. on a recent Tuesday, club music blasted inside the cavernous, windowless convention floor of the Nightclub and Bar Show. Servers offered orange Jell-O shots, attendees sampled giant bacon-stuffed Tater Tots and entrepreneurs flagged passersby to test-drive their karaoke machines, portable bowling alleys and other potential next big things in nightlife innovation. Over 9,000 registrants were hustling to get the party going again.” (The Wall Street Journal)
- More Power Lines or Rooftop Solar Panels: The Fight Over Energy’s Future “On one side, large electric utilities and President Biden want to build thousands of miles of power lines to move electricity created by distant wind turbines and solar farms to cities and suburbs. On the other, some environmental organizations and community groups are pushing for greater investment in rooftop solar panels, batteries and local wind turbines.” (The New York Times)
- A New McKinsey Study Shows That Inclusion Isn’t Just Compatible with Economic Growth—It’s Absolutely Necessary “Eliminating economic discrimination against POC and women could help add trillions of dollars to the GDP, says JP Julien.” (Insider)
- A Senior Living Stock That Is an Overlooked Reopening Play “Brookdale Senior Living, a publicly traded operator of nearly 700 senior-living facilities and other senior-living communities in 42 states across the U.S., was certainly no exception. Occupancy rates at Brookdale fell to 69.4% earlier this year from about 82% before the pandemic. The hit to the top line was coupled with Covid-19 related expenses such as personal protective equipment and extra pay for staff. Brookdale shares were down more than 75% at the nadir of the crisis. Thanks to a swift vaccine rollout, however, the picture at Brookdale is noticeably brighter today.” (The Wall Street Journal)
- When Scaffolding Hands Them Lemons, Developers Make Lemon Trees “Under billowing, cloudlike fabric stretching the length of a football field, fake lemon trees with purple-and-blue trunks sprout from AstroTurf. Lemon slices the size of cafe tabletops are scattered about like oversize stone pavers, and knee-high plants bear halves of the citrus fruit cast in fiberglass resin. This Seussian wonder has a name: Citrovia. It has its own custom scent and special lighting effects. And, not surprisingly, it has its own hashtag.” (The New York Times)
- Utilities, Real Estate Nudge European Stocks Higher “European stocks inched higher on Monday as investors sought safety in defensive sectors such as utilities and real estate on lingering worries that the spread of new coronavirus variants was hampering a global economic recovery. The pan-European STOXX 600 index rose 0.2% by 0715 GMT, extending gains from Friday’s solid rebound. Utilities, real estate, and financial services rose between 0.5% and 1%, while economically sensitive banking, mining, and auto stocks fell.” (Reuters)
- News Organizations Are Taking Different Approaches to How Often Employees Will Come Back to the Office “Newsroom leaders are beginning to make decisions based on internal employee surveys and conversations, but they’re not all making the same choices. The decisions companies make could have major implications for how future employees select between potential employers. They’ll also be an industry-wide test for whether more flexible work arrangements can be long lasting.” (CNBC)
- Warby Parker to Increase Store Count by 25% This Year, As IPO Looms “Eyeglass retailer Warby Parker has confidentially filed for an IPO, and its push to open more stores than ever hints at where its path to more growth could lie.” (Bisnow)
- These Restaurant Chains Have Raised Hourly Wages or Offered Bonuses to Keep Workers “Walmart and Target, for example, are opting to keep their stores closed on Thanksgiving so employees can stay home for the holiday. Best Buy improved backup child-care benefits, and expanded access to caregiver pay benefits. However, most companies are sticking to just raising wages or offering bonuses for now.” (CNBC)
- Cardinal, Broker Indicted in Real Estate Deal That Cost Vatican Millions “The broker, Gianluigi Torzi, allegedly extorted the Vatican for nearly $18 million, in a deal to hand over a London property at 60 Sloane Avenue in the Chelsea section. Torzi had allegedly inserted a clause into a contract that ultimately gave his company ownership of the property. He was arrested in June 2020.” (The Real Deal)
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