Plus, Inflation may have peaked and the data behind the optimism, what massive layoffs at big companies like Microsoft mean, and more. Email not displaying correctly?
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The One-Minute Meeting
The new MLK monument unveiled this week in Boston drew some cheers … and lots of jeers from people who said they just don’t get it. This is an opportunity for journalists to explore how some public sculptures open to scorn only to become beloved for their quirkiness, while others open to applause but do not play well over time. I’ll bet you pass by statues, plaques and sculptures every day without ever asking, “Who is that person?” or, “Why are we honoring her?” Cities around the country have statues that highlight insects ([link removed]) , mythical creatures ([link removed]) and lots of folks without clothes on ([link removed]) .
Significant economic stories are unfolding nationwide today and they point to opposite conclusions. On one hand, the newest data indicates that inflation may have peaked. The prices that manufacturers pay before they make stuff and sell it to you are going down. In fact, the Producer Price Index dropped much more than experts predicted. At the same time, retail sales are declining, which means shoppers are getting cautious. Meanwhile, Microsoft and Amazon both announced big layoffs, even while the national unemployment rate is at historic lows.
Good news, though. Your dog or cat could land a gig that pays $10,000 a year. PetSmart has a job open for a dog and a cat to try out pet toys and snacks. I will link you to the job application while you practice your “times are tough and everybody has to pitch in” speech for those freeloaders who spend the day on the sofa.
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