Here’s what we have for you today:
• Media feud
• Profit or not
• Apple turning green
US media organizations on labels
Who’s right? NPR stopped using Twitter over concerns about “government-funded media” label, as it can undermine their credibility.
Others: PBS joins the exit of Twitter a day after NPR’s leave after being labeled “government-funded media”. The Canadian Broadcasting Corporation joined the halt in April 2023 as well.
Questionable facts: At the time of the disagreement, United Press International stated Twitter has not labeled the accounts for the Elon Musk-owned SpaceX and Tesla companies as government-affiliated organizations despite receiving billions of dollars in government subsidies.
Twitter yields: Reportedly, on 4/20/23 labels such as “government-funded” and “state-affiliated” were dropped (not before Twitter’s management and investors reaped the consequences).
Truth be told: Political, religious or monetary-dependent organizations and individuals will tend toward the narrative that best suits their proposition or what they are spurred to heed.
Office buildings not so popular
Capitalist view: According to Kyle Bass from Hayman Capital Management “office buildings aren’t going to see a resurgence in workers coming back, so it may be best to tear some of them down”, he adds “and despite the shortage in housing inventory, it’s not practical to keep most buildings and convert office space to apartments.”
His office view: Kyle further states “It’s one asset class that just has to get redone, and redone meaning demolished.”
In addition: Kyle, who gained recognition in 2008 for selling mortgage-backed securities, isn’t betting against office markets, saying publicly traded real estate companies have priced in these issues already.
Apple turning green on its products
Greener for green: Apple stated it will use only recycled cobalt in batteries by 2025 as a part of the computer giant’s plan to make all its products carbon neutral by the end of the decade.
Plus: The magnets in its devices will use recycled rare earth elements and company-designed printed circuit boards will use 100% recycled tin soldering and 100% recycled gold plating.
Currently: Apple now sources over two-thirds of all aluminum, nearly three-quarters of all rare earths, and more than 95% of all tungsten in its products from recycled material.
Become Our Royal Supporter!
Dear readers: We are grateful for having you as our reader, and do hope you will continue to enjoy our content as we try to bring the best foot forward.
What we do: Serving our readers with quality news on what’s happening economically.