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Omnivore Digest 6/5/2024

·4925 words·24 mins

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during Computex in Taipei, Taiwan, via Bloomberg

  1. Private Equity May Find Value in Struggling Cement Makers - Bloomberg (231 words)
  2. Are We Doomed? Here’s How to Think About It | The New Yorker (279 words)
  3. An American Economic Puzzle Was Solved by Budget Geeks - Bloomberg (197 words)
  4. Nvidia is the new Apple (249 words)
  5. ✋ Help not wanted (186 words)
  6. Sam Altman’s Nuclear Fallout (212 words)
  7. How to overcome the fear of success - Fast Company (223 words)
  8. 🏝️ Online Travel: AI is Coming - by App Economy Insights (218 words)
  9. 🎬 The real reel (224 words)
  10. DealBook: Can Ackman cash in on social media? (230 words)
  11. When the sun shine, we shine together (246 words)
  12. How Emotionally Intelligent People Use the Calendar Rule to Make Better Decisions, and Motivate Themselves and Others | (158 words)
  13. U.S. Utility Commissions Hear Natural Gas Concerns Around Electrification (232 words)
  14. 🍋 New Stock Exchange Dropping Soon (191 words)
  15. If you needed reminding, markets aren’t the voters (204 words)
  16. IATA Forecasts Record Revenue for Airlines in 2024 at Dubai Summit - Business Traveler USA (269 words)
  17. The problem with 401(k)s (167 words)
  18. Axios Pro Rata: Shari’s choice (213 words)
  19. 🚨 Axios AM: MAGA’s jail plan (194 words)
  20. 5 exercises I’m doing to build stronger knees (255 words)
  21. Rich and Tame - by Bill Bonner and Tom Dyson (228 words)
  22. 🏠 Insurers’ housing push (186 words)
  23. The Logical Way to Find a Life Partner | Psychology Today (198 words)
  24. June 4, 2024 (210 words)

Private Equity May Find Value in Struggling Cement Makers - Bloomberg (231 words) #

Tim Culpan argues that while the recent potential take-private offer for Asia Cement China Holdings Corp. might seem like a bailout, there is underlying value in the company that makes it an attractive target for private equity investment. Culpan notes that despite a significant market value drop and declining revenue largely due to the Covid pandemic and other economic factors, Asia Cement China maintains a strong balance sheet with $1.3 billion in cash and only $433 million in liabilities. This liquidity, despite reduced operating cash flow, positions the company well for acquisition and rehabilitation by private equity firms.

Culpan supports his claims by highlighting similar financial stability in regional peers like Anhui Conch Cement Co. and Hsing Ta Cement Co., which also possess substantial cash reserves. He emphasizes that private equity investors favor companies with steady cash generation and solid balance sheets over those solely focused on rapid growth.

Furthermore, Culpan explains that China’s recent policy measures to stabilize the property market do not benefit construction companies directly because they do not encourage new building projects, given President Xi Jinping’s stance against property development as an economic driver. Ultimately, Culpan suggests that with disciplined capital expenditure and capacity control, these firms can become prime takeover targets.

Are We Doomed? Here’s How to Think About It | The New Yorker (279 words) #

Rivka Galchen’s article “Are We Doomed? Here’s How to Think About It” delves into the existential threats posed by artificial intelligence (A.I.), climate change, and nuclear risks through the lens of a University of Chicago course titled “Are We Doomed?”. According to Galchen, Geoffrey Hinton, a noted computer scientist, conveyed a grim outlook on A.I. in a guest lecture, highlighting its potential to create synthetic bioweapons and undermine surveillance integrity.

In the course, co-taught by astrophysicist Daniel Holz and computational scientist James Evans, students explored various existential risks through eclectic materials, including government reports, films, and literary works. Galchen describes how Holz, driven by a desire to address relevant issues following breakthroughs in astrophysics, established the Existential Risk Laboratory. Evans, who investigates the construction of scientific knowledge and the collapse of complex systems, emphasized the importance of play and comfort with uncertainty in the course.

Galchen gathers perspectives from students, noting their mix of pessimism and analytical optimism about the future. The discussions also include insights from luminaries like philosopher Toby Ord, who assigns significant risk levels to A.I., and former California Governor Jerry Brown, who stresses the unpredictability and severity of nuclear threats.

Throughout the article, Galchen conveys how the course provides a framework for contemplating and coping with potential global disasters, blending serious analysis with creative projects to engage students in the profound questions of human survival.

An American Economic Puzzle Was Solved by Budget Geeks - Bloomberg (197 words) #

Enda Curran and Augusta Saraiva assert that the Congressional Budget Office (CBO), a low-profile government agency, has uncovered significant economic impacts of immigration on the U.S. economy. According to the authors, the CBO’s recent demographic projections estimate that immigration will boost U.S. GDP by $7 trillion through 2033 and increase government revenue by about $1 trillion. CBO Director Phillip Swagel believes the findings—derived from real-time Department of Homeland Security and Census Bureau data—solve many economic puzzles related to labor shortages and demand.

Curran and Saraiva note that this analysis has reshaped economic debates and influenced Wall Street forecasts, with economists like Wendy Edelberg calling for a reinterpretation of post-pandemic employment data. While the report has garnered praise for elucidating economic benefits, it also drew criticism from policymakers concerned about local budget strains and potential shifts in immigration enforcement. Despite the controversy, the CBO’s nonpartisan stance and commitment to presenting data, as emphasized by Swagel, aim to foster informed policy discussions without advocating specific immigration controls.

Nvidia is the new Apple (249 words) #

In the article titled “Nvidia is the New Apple,” Bloomberg Technology, through Vlad Savov, draws a compelling parallel between Nvidia and Apple. According to Savov, Nvidia’s strategy under CEO Jensen Huang mirrors Apple’s proprietary approach with the iPhone—offering an integrated ecosystem of hardware, software, and services for AI model training, albeit with higher costs and limited compatibility. This market strategy has propelled Nvidia’s value close to $3 trillion, similar to Apple’s market position.

Savov notes that at Computex, AMD’s CEO Lisa Su countered with a pitch for open standards, akin to Google’s Android model. This approach invites users to mix and match tech from different providers, emphasizing flexibility and customization. Savov contends that this debate between proprietary and open systems echoes past tech industry battles, highlighting Apple’s success with control and Sony’s failure with a similar strategy.

Savov supports his analysis with industry observations, analyst insights, and highlights from Computex. For instance, analyst Ian Cutress remarks on the competitive dynamics, noting that companies are banding together against Nvidia’s dominant market share. Ultimately, Savov concludes that Nvidia’s current lead in AI chip market profitability and dominance in data centers is comparable to Apple’s standing in consumer tech.

✋ Help not wanted (186 words) #

According to Neil Irwin and Courtenay Brown, the labor market is experiencing a gradual but noticeable cooling, primarily driven by a decrease in job openings rather than widespread layoffs or significant reductions in hiring rates. They argue that this method of cooldown is the least disruptive way to balance the labor market. Newly released April Job Openings and Labor Turnover data supports this claim by showing a drop of 296,000 job openings with minor changes in hiring and layoff rates. Irwin and Brown cite Federal Reserve governor Chris Waller and economist Andrew Figura’s 2022 paper, which predicted that employers cutting back on openings could stabilize the labor market without a recession—a prediction validated by current data indicating a decline from 11.5 million to 8.1 million job openings, with only a slight rise in unemployment from 3.5% to 3.9%. Economist Robert Frick points out that while job openings have fallen, they remain above pre-pandemic levels, raising questions about whether the job market will stabilize or face further contractions.

Sam Altman’s Nuclear Fallout (212 words) #

According to The Daily Upside, OpenAI CEO Sam Altman’s investment strategies, particularly in nuclear energy, raise potential conflict of interest issues. Altman is backing a nuclear fusion startup, Helion, which is negotiating to supply energy to OpenAI. This move underscores the increasing energy demands of AI technologies. The publication cites data showing that AI’s significant energy consumption is hampering renewable energy transitions in the U.S., with companies like Microsoft seeing a 30% rise in emissions due to AI investments.

The Daily Upside explains that although nuclear fusion research has seen notable scientific advancements, it’s not yet commercially viable. According to Dr. Aneeqa Khan from the University of Manchester, while investment in fusion is rising and progress is being made, practical commercial fusion energy is still decades away. Altman, however, believes that technological breakthroughs, including fusion, are essential to mitigating AI’s environmental impact.

The Daily Upside concludes that while nuclear fusion holds promise for the future, current efforts must focus on existing low-carbon technologies like nuclear fission and renewables to address immediate energy concerns and the climate crisis.

How to overcome the fear of success - Fast Company (223 words) #

According to Yonason Goldson, many people suffer from “atychiphobia,” or the fear of failure, which can hinder their potential for success. Goldson shares a story from entrepreneurial guru Patrick Bet David about a woman who missed an opportunity to intern after pitching herself innovatively but not responding to the acceptance email, illustrating how fear can lead to self-sabotage. Goldson emphasizes that while the fear of rejection is common, the fear of success is even more insidious, often paralyzing individuals into inaction or causing them to sabotage their efforts.

Goldson references Dan Pink’s “To Sell is Human” to underline that everyone is in the business of selling themselves and their ideas. He relates to the experiences of highly successful people who also face rejection, suggesting that fear of success is driven by doubts about one’s capability and the responsibilities that come with success.

Goldson advises combating these fears by reframing the internal dialogue to focus on preparation and the belief in one’s ability to succeed. By posing constructive questions, individuals can take practical steps toward their goals and reinforce their self-confidence. Ultimately, Goldson argues that courage is about confronting fears and growing stronger with each challenge faced.

🏝️ Online Travel: AI is Coming - by App Economy Insights (218 words) #

According to App Economy Insights, the global online travel market is poised for significant growth, potentially reaching $1.5 trillion by 2030 with a 13% compound annual growth rate. The author emphasizes that artificial intelligence (AI) agents could revolutionize the tourism industry by providing hyper-personalized travel recommendations and real-time problem-solving, thereby enhancing the customer experience beyond traditional Online Travel Agencies (OTAs).

App Economy Insights cites Glenn Fogel, CEO of Booking Holdings, who envisions AI-powered “connected trips” that seamlessly integrate various travel elements for the user. Key metrics like gross bookings, nights booked, average daily rate (ADR), and customer acquisition cost (CAC) are highlighted as crucial for assessing the success of travel platforms.

The article specifically points out Booking Holdings’ robust performance in Q1 FY24, driven by international travel demand, with gross bookings reaching $43.5 billion and revenues at $4.4 billion. The article also notes the intriguing competition between traditional accommodations and alternative options like vacation rentals, where Airbnb is shown to have a strong foothold. App Economy Insights underscores the importance of these metrics backed by data to understand market trends and company performance.

🎬 The real reel (224 words) #

Ina Fried’s article in Axios AI+ titled “The fight to keep documentaries real” highlights the concerns of archival producers about the impact of generative AI on documentary filmmaking. According to Fried, Stephanie Jenkins, Rachel Antell, and Jen Petrucelli, who co-founded the Archival Producers Alliance (APA), argue that the unchecked use of AI-generated imagery in documentaries threatens to erode public trust in historical visual records. Antell cites an incident where AI-created images were presented as real historical photos, prompting the APA to propose guidelines that aim to balance the innovative potential of AI with ethical considerations.

The APA’s guidelines, developed with the help of global experts, advocate for transparency in the use of AI, suggesting practices like detailed cue sheets and watermarks to track and disclose AI-generated content. Jenkins asserts that the integrity of documentaries, which act as historical documents, relies on authentic human witness and research. Antell acknowledges that while AI can fill gaps in historical representation, it cannot replace the human element essential to documentaries.

Fried indicates that the APA plans to release its finalized AI guidelines in September, emphasizing the urgency to preserve the ethical nature of documentary filmmaking amidst rapid technological advancements.

DealBook: Can Ackman cash in on social media? (230 words) #

According to Andrew Ross Sorkin, Bill Ackman has been capitalizing on his social media presence to drive investment and grow his Pershing Square Capital Management. Ackman’s hedge fund recently sold a 10% stake for over $1 billion, leading to a valuation of $10 billion. Significant stakeholders include Arch Capital Group and BTG Pactual. This influx has elevated Ackman’s personal worth to $8 billion.

Ackman’s strategy shift towards concentrated bets, notably in companies like Chipotle and Universal Music Group, has resulted in a 26% return last year. Additionally, Sorkin notes that Pershing Square’s publicly traded fund offers a stable capital flow due to its permanent structure, distinct from rivals who allow frequent withdrawals.

Ackman’s vocal presence on social media, including his criticisms of Harvard, diversity initiatives, and political commentary, seems to attract retail investors, with Amsterdam-traded shares up 44% in the past seven months. Looking forward, Pershing Square is planning to launch a U.S.-based closed-end fund and a high-risk fund, potentially driving its assets to $45 billion. Sorkin indicates that Ackman may ultimately take Pershing Square public, leveraging his significant social media following for further financial growth.

When the sun shine, we shine together (246 words) #

According to The Daily Skimm, recent reports have shown that over 300 House lawmakers were reimbursed with at least $5.2 million for food and housing without needing to provide receipts. This plan, approved by a House panel, was intended to ease the financial burden of maintaining separate homes. Critics argue that this could further erode trust in Congress, already seen as one of the least trusted government institutions, as a poll indicates Americans’ discontent with Congress’s financial practices. Some suggest raising lawmakers’ salaries instead to attract more people to public office.

Furthermore, insiders from OpenAI and Google DeepMind have called for AI companies to improve transparency and protections for whistleblowers. They recommend stopping the enforcement of non-disparagement agreements and ensuring safe channels for reporting risks. Despite OpenAI’s existing measures, the urgency for regulation grows as the AI industry is projected to exceed $1 trillion in revenue soon.

Additionally, the CDC has introduced new guidance for STI prevention, recommending that certain high-risk individuals take doxycycline post-exposure. This antibiotic has shown significant effectiveness in reducing infections like syphilis and chlamydia. However, more evidence is needed before wider recommendations are made.

These key points underline issues of financial transparency in Congress, the need for regulation and whistleblower protections in the AI industry, and innovative approaches to public health.

How Emotionally Intelligent People Use the Calendar Rule to Make Better Decisions, and Motivate Themselves and Others | (158 words) #

Justin Bariso argues that emotionally intelligent individuals employ a method he terms the “calendar rule” to enhance decision-making and motivation. According to Bariso, this rule involves identifying a future deadline and quantifying the remaining time, then altering the measurement of this time to gain new perspectives. He illustrates this with an anecdote about motivating his son by framing their remaining time together in weekends, rather than years, thus transforming how they valued that time. Bariso emphasizes that this cognitive psychology technique, known as “reframing,” can shift perceptions and emotions, leading to better decisions and heightened motivation. This psychological trick can be applied both in personal life and professional settings to recalibrate how time is viewed and utilized effectively, leveraging emotional insights for improved outcomes. By reframing time, Bariso asserts, one can inspire action and make more meaningful choices.

U.S. Utility Commissions Hear Natural Gas Concerns Around Electrification (232 words) #

Eric Yussman highlights the debates and decisions currently facing U.S. utility commissions regarding natural gas and electrification. He notes that commissions are evaluating the cost, feasibility, and safety of large-scale electrification amid technical, policy, and economic challenges. Yussman highlights concerns from gas utilities about stranded assets and potential revenue losses, citing data from the Indiana Public Service Company and the American Gas Association, which emphasize the affordability of natural gas compared to electricity.

Yussman discusses legislative actions, including Berkeley, California’s 2019 ban on gas infrastructure, and subsequent legal battles that have impacted similar policies nationwide. He underscores the mixed views on the cost-effectiveness of electrification, referring to testimonies from various rate cases that present contrasting data and viewpoints on the issue.

Yussman also points out that pure-play gas utility valuations are currently strong, suggesting market confidence in natural gas as a cornerstone for affordable, clean energy. He concludes that decarbonizing the natural gas system rather than mandating electrification might be a more cost-effective approach to reducing greenhouse gas emissions.

Overall, Yussman uses a combination of rate case testimonies, legislative examples, and market data to support his analysis of the current utility landscape and the ongoing debates over the future of natural gas and electrification.

🍋 New Stock Exchange Dropping Soon (191 words) #

According to Short Squeez, a “technical issue” at the New York Stock Exchange (NYSE) on Monday resulted in substantial disruptions, halting trading for over 40 major stocks and causing Berkshire Hathaway stock to plummet by 99.997%. Short Squeez reports that, by Tuesday evening, a new initiative emerged from a group backed by BlackRock and Citadel Securities to launch the Texas Stock Exchange (TXSE) in 2025, which has already raised approximately $120 million.

Short Squeez details that TXSE aims to attract exchange-traded product listings and offer a cost-effective alternative to the NYSE and Nasdaq, which have been criticized for increasing compliance costs, especially with new regulations like Nasdaq’s board diversity targets. The author emphasizes the dissatisfaction among companies with the regulatory burdens of existing exchanges and the belief of TXSE’s backers that a new platform could foster innovation and reduce costs for public listings. Prominent financial players BlackRock and Citadel are seen as well-positioned to challenge the decade-long stagnation of NYSE and Nasdaq with substantial resources and influence.

If you needed reminding, markets aren’t the voters (204 words) #

John Authers argues that while democracy and capitalism often coexist, they do so uneasily, particularly when markets misinterpret political risks. He uses the recent elections in South Africa, Mexico, and India as cases in point. Authers highlights that contrary to poll predictions, Narendra Modi must now govern India in a coalition, which led to market volatility when the results defied expectations.

According to Authers, the mistaken reliance on polls isn’t new; similar shocks occurred with Brexit and Trump in 2016, creating both market panic and investment opportunities. For example, Brazilian stocks surged after the election of Luiz Inacio Lula da Silva in 2002, a panic that Authers notes turned out to be a prime buying opportunity.

Authers uses data, like stock market reactions and valuation metrics (e.g., India’s high cyclically adjusted price-to-earnings ratios from Barclays Bank Plc), to support his points about market behavior. He concludes that political sell-offs can present buying opportunities, suggesting the current panic in Indian markets may be overblown and that Mexico offers potential investment opportunities amidst political stability.

IATA Forecasts Record Revenue for Airlines in 2024 at Dubai Summit - Business Traveler USA (269 words) #

According to the author of the article, the International Air Transport Association (IATA) anticipates record-breaking revenues for the airline industry in 2024, as revealed at the 80th IATA Annual General Meeting and World Air Transport Summit in Dubai. IATA projects the global airline industry’s net profits will rise to $30.5 billion in 2024 from $27.4 billion in 2023, marking a slight increase in the net profit margin to 3.1%. However, Willie Walsh, IATA’s Director General, cautions that the 5.7% return on invested capital remains below the industry’s cost of capital, highlighting the delicate balance between revenue growth and rising expenses.

Passenger revenues are expected to surge by 15.2%, driven by a robust demand forecast of 4.96 billion travelers, while cargo revenues will normalize post-pandemic. Despite anticipated record revenues of $996 billion, costs are also set to rise, with fuel prices contributing to a $291 billion fuel bill. Regionally, North America is expected to contribute significantly to profits, while Europe faces challenges. Asia-Pacific shows promising growth, and Middle Eastern carriers continue to benefit from economic strength.

Walsh stresses the need for supportive public policies to address supply chain issues and regulatory burdens. He emphasizes the importance of sustainability, with 82% of travelers supporting net-zero carbon emissions by 2050. The article also notes progress in reducing blocked airline funds, though challenges remain in certain countries like Pakistan and Bangladesh.

The problem with 401(k)s (167 words) #

Emily Peck and Felix Salmon argue that the 401(k) system, particularly employer matching contributions, disproportionately benefits high earners and exacerbates income inequality in the U.S. Citing a Vanguard study, they highlight that the top 20% of earners receive 44% of employer contributions, while the bottom 20% receive just 6%. This disparity suggests that those who already save the most benefit the most from employer matches. Peck and Salmon reference data showing rich workers, particularly white ones, save more compared to Black and Hispanic workers. Fiona Greig from Vanguard states the system rewards those who can already afford to save. The study concludes that employer matches do not significantly incentivize low earners to save for retirement, as indicated by only 13% of employees contributing precisely to get the match. Auto-enrollment and nonelective contributions are suggested as potential solutions to increase savings among low-income workers.

Axios Pro Rata: Shari’s choice (213 words) #

Dan Primack argues that Shari Redstone’s control over Paramount Global faces a pivotal moment as the board endorses a merger with Skydance Media, supported by KKR and RedBird Capital Partners. Redstone may choose to pivot due to her intensified focus on Israel activism, following a sense of urgency since October 7. Merging with Skydance, helmed by David Ellison, presents a viable option to keep the company intact while divesting non-core assets. Primack’s insights include support from media experts like Sara Fischer, who emphasize the deal’s potential industry impact by creating a major studio powerhouse.

Primack uses qualitative data from industry sentiment, highlighting endorsements from notable figures such as James Cameron and Jeffrey Katzenberg, stressing the confidence Ellison inspires due to his favorable reputation and innovative father, Larry Ellison.

This pivotal decision, influenced by Redstone’s personal motivations and the logistics of other merger or sale options, is seen as potentially transformative for both Paramount and the broader media landscape.

By framing Redstone’s decision within the context of broader industry trends and financial strategies, Primack underscores the significance of this merger in shaping future media mergers and acquisitions.

🚨 Axios AM: MAGA’s jail plan (194 words) #

Mike Allen argues that if former President Trump wins in the upcoming election, his supporters will push for the investigation, prosecution, and potential imprisonment of Manhattan District Attorney Alvin Bragg, who convicted Trump in the hush-money case. Steve Bannon, a prominent MAGA voice, asserts Bragg should and will be jailed, citing the 14th and 4th Amendments as potential legal grounds. Allen contends this points to Trump’s intention to transform the Justice Department into a tool for political retribution, deviating significantly from established norms.

Allen also touches on broader political implications, such as “lawfare” or the use of legal systems for political warfare, a major issue for Trump supporters. He references House Judiciary Chairman Jim Jordan’s desire to defund prosecutors involved in what they view as politically motivated investigations, to underline the intense political climate surrounding these events. The article uses direct quotes and references to published statements to substantiate the claims about the aggressive strategies Trump’s allies intend to pursue if he returns to the White House.

5 exercises I’m doing to build stronger knees (255 words) #

Dan Go emphasizes the critical role of strong knees in maintaining overall mobility and quality of life, particularly as people age. He explains that knees bear 1.5 times our body weight with each step, which can lead to increased pain and disability, especially in those over 50. Go attributes weak muscles such as the vastus medialis oblique (VMO), quadriceps, hamstrings, and glutes as common causes of knee pain and instability.

To counteract this, Go outlines five key exercises aimed at strengthening the knees:

Backwards Walking: This exercise targets deceleration muscles and the posterior chain, improving knee joint stability and overall balance. Tibialis Raises: By acting as a decelerator for the lower body, strengthening this muscle helps protect the knee from pain. Forward Sled Pushes: These exercises extend the toes and ankles, bolstering the VMO, quadriceps, and glutes. Nordic Hamstring Curls: Proven effective in enhancing knee stability and function post-ACL surgery, these curls target knee flexor muscles and overall flexibility. Poliquin Step-Up: This variation focuses on the VMO, correcting muscular imbalances and engaging the core. Go further underscores that these exercises, substantiated with studies such as those showing the benefits of Nordic hamstring curls for knee rehabilitation, are his preferred methods to maintain knee health. His structured approach offers actionable steps for readers aiming to strengthen their knees and improve their life quality.

Rich and Tame - by Bill Bonner and Tom Dyson (228 words) #

Bill Bonner and Tom Dyson explore the dramatic transformation of Ireland in their article “Rich and Tame.” According to Bonner, Ireland, now the second richest country in Europe with a GDP per capita of $101,000, contrasts sharply with its poorer, wilder past. Bonner uses a vivid anecdote to depict old Dublin as a mix of fun, piety, and recklessness, highlighted by the Kinahan-Hutch feud that resulted in numerous murders and the ongoing cultural shift away from traditional Irish traits.

Basing his observations on personal experience, Bonner points out that modern Dublin is a multicultural hub, more akin to New York due to its booming tech sector and diverse population, leading to a city where native Irish seem almost foreign. The old charm and idiosyncrasies of Dublin, he argues, are fading into the backdrop of prosperity and globalization.

Tom Dyson supplements the article with a note on the Treasury Bond/Gold ratio, emphasizing an important bear market trend. He observes that due to potential abuse by the US government, savers are reverting to gold as a stable store of wealth, predicting a significant decline in the ratio. This financial perspective underscores broader economic shifts influencing Ireland’s new-found wealth.

🏠 Insurers’ housing push (186 words) #

In the article “Insurers’ Housing Push” by Maya Goldman, the author highlights that health insurers are investing substantially in building affordable housing. Goldman argues that this initiative is driven by the belief that stable housing leads to better health outcomes, ultimately reducing healthcare costs for insurers. To support her claims, Goldman cites specific financial commitments from major insurers: Centene’s $900 million investment in new housing across eight states and UnitedHealth Group’s $1 billion investment since 2011, which has created over 25,000 homes. Other insurers such as CVS Health and Kaiser Permanente have also invested millions in housing projects. According to Catherine Anderson of UnitedHealth, leveraging federal tax credits and using reserve funds for housing development exemplify their strategy. In contrast, Goldman notes skepticism from some experts, such as Leonardo Cuello from Georgetown University, about the broader application of Medicaid funds for housing. This summarization encapsulates how insurers justify their investments with data on financial commitments and expected health benefits.

The Logical Way to Find a Life Partner | Psychology Today (198 words) #

Elinor Greenberg, in her article “The Logical Way to Find a Life Partner” published in Psychology Today, contends that many individuals struggle with finding a suitable life partner despite extensive dating. She attributes this struggle to inefficient dating strategies such as mismatches from dating apps, being overly inclusive, clinging to unpromising relationships, and poor advice from friends and family. Greenberg advocates for a logical, fact-based approach to dating to increase the chances of finding an appropriate mate.

According to Greenberg, key to this approach is setting clear criteria, such as ensuring that a potential partner is single, finds you attractive, is someone you are attracted to, is ready for a long-term commitment, and wants you to be their life partner. By focusing solely on individuals who meet all these criteria, one can save time and emotional energy.

Greenberg supports her claims with observed patterns from her clients’ experiences, noting the inefficiencies of their previous dating methods. Adopting her structured strategy, she argues, could help individuals find meaningful, lasting relationships more effectively.

June 4, 2024 (210 words) #

Heather Cox Richardson offers a detailed examination of George C. Marshall’s June 5, 1947, commencement speech at Harvard, which introduced the Marshall Plan. Despite its unremarkable delivery, Richardson notes that the speech was pivotal in shaping the modern world. According to Richardson, Marshall emphasized the dire need for American aid to halt Europe’s post-war decline and uprise political stabilization. She highlights how the subsequent U.S. investment via the Marshall Plan, amounting to about $17 billion from 1948 to 1952, led to a significant economic recovery, boosting European production by at least 35%.

Richardson argues that beyond economic aid, the Marshall Plan played a crucial role in curbing communism’s spread. She cites historian Charles Maier, who explains that the plan aimed to politically stabilize Western Europe by steering it away from communism. Additionally, Richardson underscores how the plan fostered a liberal international order, promoting democracy and cooperation among European nations. Through these discussions, Richardson conveys that Marshall’s speech, while technical and concise, catalyzed substantial socio-economic transformations and reinforced U.S.-European alliances.