| This is Bloomberg Opinion Today, a green infrastructure plan of Bloomberg Opinion's opinions. Sign up here. A lot of the hype surrounding Tesla derives from hopelessly online people cheering on one of their own, Elon Musk. But some of it might also have to do with the fact that Musk and Tesla are doing something relatively rare in today's economy: building stuff. Because for the past 40 years or so, the U.S. economy has resembled a ne'er-do-well scion burning through the family fortune like Billy Madison. Occasionally we do invent, say, Facebook or the iPhone, but then we mostly use those to consume more stuff.  But Billy Madison goes back to school and redeems himself in the end. Yes, it's elementary school, and yes there are some hiccups, and yes the movie is not good. The point is he becomes a productive member of society. The U.S. economy has a chance to get back on the right track, too, one aimed more at building future wealth than living on past glories. Harnessing and domesticating some of that Tesla buzz could be the key. The bipartisan infrastructure bill making its way through Congress is a good down payment, but only that, writes Noah Smith. The real juice is in the $3.5 trillion spending bill Dems want to pass. Much of it would be dedicated to building new green infrastructure, including a clean, durable energy grid, electric-vehicle charging stations and more. It would also encourage the private sector to join the fun of building a cleaner and wealthier future. President Joe Biden and the Dems may never get that bill passed. And maybe that's OK. But it's hard to imagine America has a pleasant road ahead without overhauling its economy like this. Otherwise it will become ever less sustainable, in every sense of that word. Fortunately, private money is still flowing into clean technology even without government help. Biden's new target for 50% of American auto sales to be electric by 2030 may seem even less realistic than passing a $3.5 trillion spending bill, Liam Denning writes. But that's beside the point: The real goal here is to keep the green-investment hype at full froth, so some of that Tesla fairy dust rubs off on GM, Ford and the rest of the economy. One of the American economy's other major latter-day accomplishments is whipping up Covid-19 vaccines that are outlandishly good at stopping infections and serious illness. Moderna today said its mRNA vaccine is still 93% effective after six months, a week after Pfizer reported similar numbers. You may not fully appreciate how bonkers that is. But recent reports of breakthrough cases have led to some misunderstanding about just how helpful these things are, writes Faye Flam. She sets the record straight on a lot of these, including the fact that breakthroughs are overwhelmingly rare. But the unvaccinated keep large amounts of Covid circulating, which puts vulnerable vaccinated people at risk. In conclusion, get vaccinated, for God's sake. Further Pandemic Reading: We need to be less risk-averse when we consider reopening schools in the fall. — Tyler Cowen Perhaps as a consequence of an economy built around eating seed corn, Americans have run housing costs into the stratosphere over the past 40 years. This has made the "American dream" of owning a home unattainable for many. And it might not get easier anytime soon, warns Conor Sen, thanks to the build-to-rent trend in many desirable locales for young people starting families. Normal humans generally have a more difficult time breaking into the housing market than, say, Invitation Homes. This is still a tiny part of the whole industry, but if you want to buy a starter house in a very nice, affordable place like Nashville, you could be in trouble. Further Personal Finance Advice for the Youngs: Avoid buy-now, pay-later apps. They're generally terrible for consumers. — Alexis Leondis Even though we're not sitting on our couches as much anymore, the streaming market keeps growing so much that there's room for many winners, writes Tara Lachapelle. Those now include the $900 million "South Park" guys.  Can somebody please let the Democrats know another debt-ceiling crisis is approaching? That'd be tremendous. — Jonathan Bernstein Investors are getting a hard reminder China is a Communist country, even if it uses capitalism to advance its goals. — Matthew Brooker Myanmar's neighbors can't allow it to collapse into chaos. — Clara Ferreira Marques An ETF that lets you bet against Cathie Wood is good for Cathie Wood by bulking up the ecosystem around her. — Eric Balchunas Italy banning big cruise ships from Venice is an example of how the world can make tourism more sustainable. — Lionel Laurent Companies keep delaying their return-to-the-office plans. Ethan Allen is changing its ticker symbol to make clear it is not a crypto. Donald Trump had some sports advice for the USWNT. Key ocean currents are losing stability. (h/t Alistair Lowe) New vaccinologist Barbie just dropped. (h/t Ellen Kominers) Pro tip: Don't hang hammocks from power lines. Area fried rice is too delicious. (h/t Scott Kominers for the last two)  Notes: Please send fried rice and complaints to Mark Gongloff at mgongloff1@bloomberg.net. Sign up here and follow us on Twitter and Facebook. | 
⇉〖OpenLoad〗 2020 Superintelligence PelÃcula Completa En LÃnea released 2020. story: La vida de Carol Peters se trastorna cuando es selecci...
Post a Comment