Numlock News: July 26, 2022 • WWE, Mushroom Leather, Raises
By Walt HickeyA Family Business Involving UndertakersNew York requires its cemeteries to be nonprofit, but that doesn’t stop some owners from extracting significant profits from their cemeteries. Pinelawn Memorial Park on Long Island has seen business boom, with the prices of a burial plot up as much as 47 percent, and the family who controls it pocketing a combined $3 million in 2020 at minimum. In addition to the prices of its graves, which can cost north of $30,000, they charge between $2,345 to $4,698 for a mandatory bronze plaque as well as a suite of other fees tacked on. This benefits the Locke family, which owns 51,964 of the 127,850 land shares that date back to the Roosevelt administration, which each paid out $13.65 in August 2019, $28 in August 2020, and then $20.70 in August 2021, a fascinating arrangement for what is again supposed to be nonprofit. A Family Business Involving UndertakerThe WWE told the Securities and Exchange Commission that it found $14.6 million in previously unrecorded expenses that came from owner Vince McMahon, who is under investigation after reports of misconduct and subsequent payments to employees to cover it up. Though McMahon alone owns the overwhelming majority of the voting shares in the company, he announced his retirement in late June. Shares of WWE are up as a result of McMahon’s exit as it’s believed that this makes it likelier the company will be sold. FiresThe U.S. Agriculture Department needs to quadruple the number of tree seedlings it obtains from nurseries as part of its programs to replant forests that have burned down due to wildfire, given the backlog of 4.1 million acres in need of planting. Last year the Forest Service planted 60,000 acres, but it plans to scale up to 400,000 acres a year, mostly in western states. This year alone 5.6 million acres have burned so far. Matthew Brown, The Associated Press AustraliaA new report out of the University of Sydney paints a dire picture for the state of the country’s ecosystems, with the number of plant and animal species listed as threatened up from 1,774 species in 2016 to 1,918 in June 2021, an 8 percent increase over the time period. Since 2016 alone, the Great Barrier Reef has suffered four mass bleaching events, the bushfires of 2019 to 2020 dumped a ton of contaminants into the coastal estuaries, and fire season is only getting worse, with the season lasting eight months in New South Wales. Emma Johnston, Ian Cresswell and Terri Janke, University of Sydney Take The Money And RunA new analysis out of the Federal Reserve Bank of Atlanta found that as of June 2022 people who remained in their jobs over the previous three months increased their wages by 4.7 percent, while those who switched jobs got a raise of 6.4 percent. That’s the largest difference between the two values in the past two decades. All told, 47 million Americans have changed their jobs in the past year. The rate of wage growth seen in the past several months, among both stayers and switchers, is higher than seen in at least the past 17 years. Julia Carpenter, The Wall Street Journal MushroomsThe global luxury leather market is worth an estimated $78 billion this year, and given that enormous pile of money it stands to reason that alternative leather that doesn’t derive from cow hides could be a solid business. What once was hailed as “vegan leather” has had the Scooby gang rip off the mask to reveal “plastic,” which is also not great environmentally, hence renewed interest in the luxury space in leather alternatives that are actual alternatives. Enter mushroom leather from companies like MycoWorks and Bolt Threads, which derive their material from mushroom roots. Bolt’s fabric costs $25 a square foot, which is roughly on par with premium calf leather. SpillsThe latest estimate from the Colonial Pipeline spill in August of 2020 in a nature preserve in North Carolina now puts the spilled amount of gasoline at 2 million gallons, up from the company’s original estimate of 63,000 gallons. The company claims that it’s managed to suck three-quarters of the spill out of the ground after what is now believed to be an 18-day spill. The pipeline delivers 100 million gallons of fuel each day, connecting Houston to New York. It’s one of the largest onshore fuel spills in American history, and larger than any other recorded gasoline leaks from a U.S. pipeline. Thanks to the paid subscribers to Numlock News who make this possible. Subscribers guarantee this stays ad-free, and get a special Sunday edition. Consider becoming a full subscriber today. The best way to reach new readers is word of mouth. If you click THIS LINK in your inbox, it’ll create an easy-to-send pre-written email you can just fire off to some friends. Send links to me on Twitter at @WaltHickey or email me with numbers, tips, or feedback at walt@numlock.news. Send corrections or typos to the copy desk at copy@numlock.news. Check out the Numlock Book Club and Numlock award season supplement. 2022 Sunday subscriber editions: Twitter Friction · Fangirls · Air Quality · Non-Colonial AI · The Reckoning · Hippos · Fixing Baseball · Booze Trials · Oprahdemics · Losing It · Sustainable Cities · F1 · Coughgeist · Black Panther · Car Dealerships · Black-Footed Ferret · Oil to Clothing· Just Like Us · How To Read This Chart · Pharma waste · Arcade Games · Blood in the Garden · Trading Cards · College Football2020 Sunday Edition Archive2019 Sunday Edition Archive2018 Sunday Edition ArchiveYou’re a free subscriber to Numlock News. For the full experience, become a paid subscriber. |
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Numlock News: July 25, 2022 • Pufferfish, Robocalls, Nope
Monday, July 25, 2022
By Walt Hickey Welcome back! Sure! Jordan Peele's Nope made $44 million domestically, the biggest opening weekend for an original studio screenplay since Peele's previous film, Us, beating out
Numlock News: July 22, 2022 • AI Captains, RRR, Neopets
Friday, July 22, 2022
By Walt Hickey Have a great weekend! It's Trash San Francisco is in the midst of a $537000 bake-off pilot program to determine which of six different models of new trash can will be rolled out
Numlock News: July 21, 2022 • Quidditch, The Blob, Latin
Thursday, July 21, 2022
By Walt Hickey Quadball Seeking to turn the corner as a legitimate sport and vaguely ashamed at the direction the inventor of the game has taken, US Quidditch, Major League Quidditch and soon the
Numlock News: July 20, 2022 • Pret Index, Raiders, Worm Wars
Wednesday, July 20, 2022
By Walt Hickey Butterfly Effect The Apple Corporation will finally make right on its awful mistakes, namely the crappy butterfly keyboards they jammed into MacBooks from 2015 to 2019 that users found
Numlock News: July 19, 2022 • Superyachts, T-Pop, Super Spikes
Tuesday, July 19, 2022
By Walt Hickey Windsor The British Royal Family has managed to keep a precise accounting of their assets under wraps, utilizing a carve-out in British law exempting them from the standard requirement
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