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Department of Covid-19
Keep the windows open
We continue to make positive strides against Covid-19. As infection numbers decrease, some want to get back to everyday life as soon as possible (see this op-ed in the Wall Street Journal from last week as evidence of a more significant trend). But new data from China details just how easily the virus spreads through the air. It’s too early to let our guard down. Via Science Direct
Revised data on suicides
Fascinating new data on suicides over the past year in the US. We have heard from several corners that the pandemic and economic slowdown caused a spike in suicides. However, the data doesn’t suggest this and even points to 2020 having the lowest number of suicides in the past three years. Via Elizabeth Jacobs
Zero covid, fewer problems.
The third wave is here
Europe is in the throes of a third Covid wave. The data in the above chart is hard to discount. Even more concerning is the speed at which the UK variant is fuelling the surge of infections. Via FT
Expect more of this
Stunning data on physical and digital investment by small businesses in the US. Hard to be shocked but the stark crossing of the lines in 2020 puts the last year’s events in sharp perspective. Via Morgan Housel
Department of Capital Markets
SPACS to the moon
IPO capital raised by US SPACs in 2013: $1bn. In 2020: $83bn. In 2021, year to date: $97bn. Via Charlie Bilello / Exponential View
What’s happening in China?
A record number of Chinese companies are bailing on their IPO plans on China’s equivalent to the Nasdaq. This graph reveals a situation that could get out of control and have major consequences for the Chinese technology ecosystem. Via FT
No value VCs
92% of VCs considered themselves value-add investors. 61% of founders rated their value-add experience as “below average”. Via Tech.eu
Household equity ownership is declining but is still remarkably high in the US. Via Isabelnet
Department of the United States
Biden’s big plans
Much has been made about Joe Biden’s proposed tax hikes. Here are two graphs that paint a more accurate picture of where the money is going. Via WSJ
Paying for them may be easy
The Biden tax hike is relatively small and doesn’t fully reverse the Trump tax cuts. Via Silvia Merler
Cooler heads should prevail
Despite these tax hikes’ relatively benign reality, some publications like the Financial Times have been vociferous in their claims that they will hurt Wall Street. We’ll see if they are right. Via FT
The military-industrial complex
Striking data on how the US defence industry spurs investment in technology. What other force has this type of power to move markets and research? Via Josh Wolfe
These united states…
Always helpful to zoom out and consider just how large the United States is as a landmass. This elevation map is a fresh take. Via Joel
Please remove your shoes
I would love to see a global map, but it seems like the “West” indeed loves to keep their shoes on. Scandinavia is an interesting outlier. Via Xavi Ruiz
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