Image: Radia Inc.
💬 Quoted… “A very clear moment when the industry speaks to you.”
🏙️ Stat of the Day: ~20% of office space around the US was unleased at the end of last year, the highest vacancy rate in over four decades, according to recent data from Moody's Analytics. As a result, several major US cities are tightening their purse strings in anticipation of lower revenue from commercial property taxes: New York City is predicting a worst-case scenario of $1+ billion less income over the coming years, while San Francisco’s mayor has paused hiring and is preparing to cut spending by 10%. Other cities – including Atlanta, Boston, and Dallas – are forecasting budget shortfalls in the near future.
🤔 Did You Know?... Some ancient empires in Mesopotamia had a “king for a day” ritual during certain solar eclipses, which involved temporarily replacing their ruler with a doppelganger – who was then executed to stave off negative omens.
📰 Worth a Read: Meet the Tech Company That Had a Better Year Than Nvidia → (WSJ)
🔥 It’s Wednesday, March 13th – and here’s what’s hot, hot, hot.
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