Numlock News: July 3, 2024 • Fervo, Upflation, Wizards of the Coast
By Walt HickeyWe’re off tomorrow! Americans, have an excellent Independence Day, and everyone else enjoy your Thursday. Trading CardsThe market for trading cards is leveling off, after rising from $745 million annually in 2019 to $1.55 billion in 2023. Sure, some of that is from companies getting more money out of consistent buyers, but the reality is that the pie has simply grown and more people are engaging with the hobby. This year, publishers are responding by cutting back supply, attempting to gauge precise demand rather than shipping whatever comes out of the printer to whoever, foaming at the mouth, will buy it. While Wizards of the Coast has held firm on Magic: The Gathering, the Pokémon game has scaled back significantly, and Konami has reined in Yu-Gi-Oh! production. TourismIn 2023, South Korea saw 11 million international visitors, up 241 percent year over year. That’s also up to 63 percent of the pre-pandemic levels of tourism, and 2.1 million of the tourists were from China. The surge in tourism is welcome, but there are issues: Korea is actively trying to rein in a practice called “dumping tours,” where tourists buy cheap tours that in fact are entirely designed to just shepherd them to specific shopping locations. A survey of 3,100 tour packages in Seoul found that of the 100 lowest-priced packages, 85 of them were likely dumping tours, and 45 of them included six to eight shopping trips over the course of a five-day tour. ApartmentsNew York City’s rental vacancy rate is down to a mere 1.4 percent, and there’s little indication that relief is on the way. In May, just 36 permits for multifamily buildings were allocated, the lowest for May in a decade excluding the 2020 situation. Last year, only 15,500 apartment unit permits were filed, the lowest since 2016. Overall, those constraints have had the Econ 101 impacts one might expect: Asking rents are up 33 percent, and median prices are up 24 percent. Jennifer Epstein, Ann Choi and Rachael Dottle, Bloomberg GMGeneral Motors sold 21,930 electric vehicles out of 696,086 total deliveries in the second quarter. Those EV sales are up 40 percent year over year, and the electric Hummer sales were up 76 percent compared to the previous quarter. Overall, people are worried about auto sales in no small part thanks to the cyberattack that hit dealerships all across the country, which hampered sales toward the end of the month. Either way, it’s the best quarter for the company since 2020. UpflationLast year, retailers sold 20 percent fewer razor blades than they did in 2019, and sold 6.5 percent less deodorant. One way that consumer packaged goods are able to find value is by finding new uses for existing products, like rebranding a deodorant as a whole-body deodorant or a razor as a blade that can handle face as well as body. This allows them to sell the same thing for multiple uses, which increases use in the aggregate and allows them to charge a premium for a product that is packaged as more versatile even if it’s basically the same chemistry in a new package. Leslie Patton and Deena Shanker, Bloomberg FervoGeothermal start-up Fervo Energy just signed a deal to sell 320 megawatts of power from a project in Utah to Southern California’s main electric utility, a pair of 15-year power purchase agreements that mark the largest such deal for a geothermal energy producer made with a utility. Starting in 2026, 70 megawatts will begin flowing to California, and by 2028 the entire project will be fully online. The Department of Energy projects that 90 gigawatts of geothermal energy will make its way to the grid. EPSCoROne of the National Science Foundation’s most popular programs is the Established Program to Stimulate Competitive Research, or EPSCoR, a 44-year-old program where the states that don’t tend to benefit from the big programs have a special budget line to fuel research. States that get less than 0.75 percent of the overall budget are eligible for a slice of the program’s $250 million. Overall, the 28 states eligible for EPSCoR got 12 percent of the $9 billion NSF budget in 2022, and the hope is to get that to 20 percent by 2029 fueled by chips-related investments. 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. 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. Previous Sunday subscriber editions: The Internationalists · Video Game Funding · BYD · Disney Channel Original Movie · Talon Mine · Our Moon · Rock Salt · Wind Techs · Yeezys · Armed Forces · Christmas Music · The Golden Screen · New York Hotels · A City on Mars · Personality Change · Graphics · You Are What You Watch ·Comics Data · Extremely Online · Kevin Perjurer · Kia Theft Spree · Right to Repair · Chicken Sandwich WarsSunday Edition Archives: 2022 · 2021 · 2020 · 2019 · 2018You're currently a free subscriber to Numlock News. For the full experience, upgrade your subscription. |
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Numlock News: July 2, 2024 • Mt. Fuji, Paleotempestology, Arctic Ocean
Tuesday, July 2, 2024
By Walt Hickey Mt. Fuji Japan continues to ride out what locals consider to be overtourism, and has been implementing new strategies to limit the numbers who can visit certain attractive areas. The
Numlock News: July 1, 2024 • Kei, Libraries, K'NEX
Monday, July 1, 2024
By Walt Hickey Welcome back! Box Office Inside Out 2 continues its tear at the box office, adding another $57 million to its domestic total and pushing its global gross to $1.01 billion. Behind it was
Numlock News: June 28, 2024 • Scribes, Soccer, Webtoon
Friday, June 28, 2024
By Walt Hickey Have a great weekend! Scribes The Czech Institute of Egyptology has 221 Old Kingdom skeletons from almost 200 tombs in storage, of which 102 are male. The institute has been studying the
Numlock News: June 27, 2024 • GOES, Wool, Mayan
Thursday, June 27, 2024
By Walt Hickey Wool Prices for wool have dropped considerably, and it's causing serious problems in Australia, which is responsible for 80 percent of the superfine wool fiber under 18.5 microns in
Numlock New: June 26, 2024 • Manga, Oscars, Glauconite
Wednesday, June 26, 2024
By Walt Hickey SVOD Parks Associates, a market research group, reported a precipitous decline in household spending on streaming video on-demand services, with the average internet household spending
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