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DID YOU KNOW?
"Our children today are going to live to 100 and not have cancer because of A.I. technology. And literally they’ll probably be working 3.5 days a week. Technology has done unbelievable things for mankind but, you know, planes crash, pharmaceuticals get misused: there are negatives. The biggest negative in my view is A.I. being used by bad people to do bad things.”
–Jamie Dimon, JP Morgan Chase
DID YOU KNOW?
Luxury retailers have leased 650,000sf of new space in the U.S. over the past 12 months, up from roughly 250,000sf the prior year.
DID YOU KNOW?
Is the US entering an industrial manufacturing real estate boom? It appears so, and several small towns may be the biggest beneficiaries. The $ 7.6 billion electric vehicle and battery “Metaplant” Hyundai is building on 3,000 wooded acres in Bryan County, Georgia, a half-hour west of Savannah already has a firm grip on the imagination of nearby residents. One rumor was that Hyundai planned to buy the local golf course to turn it into housing for some of the plant’s eventual 8,500 workers. The biggest challenge to manufacturing will be where to house the workers..... affordably and without long daily commutes. (BLOOMBERG)
DID YOU KNOW?
State Street Global Advisors (manages $3.6 trillion in assets) is betting against the higher-for-longer mantra sweeping across global bond markets, wagering that the Fed will cut interest rates by at least a full percentage point next year, double what markets are pricing in, as policy makers respond to further slowing in growth and inflation. BlackRock’s Larry Fink, Pershing Square’s Bill Ackman and JPMorgan Asset Management’s Bob Michele are among those seeing higher yields as here to stay. (Bloomberg)
DID YOU KNOW?
Our children today are going to live to 100 and not have cancer because of A.I. technology. And literally they’ll probably be working 3,5 days a week. Technology has done unbelievable things for mankind but, you know, planes crash, pharmaceuticals get misused: there are negatives. The biggest negative in my view is A.I. being used by bad people to do bad things.”- Jamie Dimon, JP Morgan Chase
DID YOU KNOW?
The average car’s weight has increased from 1.5 metric tons in 1974 to nearly 2 metric tons in 2023 as cars grow in size and electric batteries weigh lots too.....10 million EV's (including hybrids) were sold in 2022. Older parking garages often do not have the structural needs to carry this weight. The TOP 3 selling vehicles in the US - the FORD F-150, Chevy Silverado and Dodge Ram - all weigh upwards of 4,000 lbs. As does a Tesla Y.
DID YOU KNOW?
Some $270 billion in commercial real estate loans held by banks are set to mature in 2023, according to Trepp. Over the next 4 years, commercial real estate properties must pay off debt maturities that will peak at $550 billion in 2027. (Morgan Stanley)
DID YOU KNOW?
Yesterday in 1942 Chester Carlson was issued a patent on a process called electrophotography, now commonly known as photocopying. In 1946 that company pursued photocopying commercially. The Haloid Company finally licensed Carlson’s patent and created the word xerography to differentiate the process from traditional photography. Eventually, photocopying became such a large part of the company’s revenue that Haloid changed their name to Xerox.....copiers have evolved into scanners and printers too!
DID YOU KNOW?
A report published in the Journal of Photovoltaics showed that emissions-free electricity generation represents about 38% of the global mix as of the end of 2022. The 38% mix is represented by solar, wind, hydroelectric, nuclear, and other non-emitting sources. Non-fossil sources represented 85% of new capacity additions worldwide, and solar accounted for about two-thirds of that total. Solar alone contributed 56% of global capacity additions. In 2022 alone, 25% of the world’s cumulative global solar capacity was installed. The technology moved from 3.6% of the total electricity generation mix to about 4.5% in 2022, (PV Magazine)
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