Worth Reading

Old Trucks for New Money | The New Yorker

While it’s keenly felt in Austin, the hunger for beautiful old trucks is a national phenomenon. Prices for vintage trucks rose more than fifty per cent in the past four years, twenty per cent more than the vintage-vehicle market as a whole, according to data from the collectible-car-insurance company Hagerty.

Earning a Risk Free 7% Return | The Random Walk

On November 1, the Treasury announced that new Series I savings bonds will offer a composite yield of 7.12% for the next six months. This yield is comprised of a 0% real rate combined with a 7.12% inflation adjustment. Understanding how the composite yield is calculated is relatively straightforward. Every six months, the Treasury sets the real rate, which has been 0% for some time. In addition, the semi-annual inflation rate, as measured by the CPI-U index, is multiplied by two and added to the real rate. Since the semi-annual increase in the CPI-U was 3.56%, the composite rate is double of that at 7.12%.

This could finally be Sears' and Kmart's last holiday shopping season | CNN

Today there are only 21 full-line Sears stores left in the mainland United States, and two more in Puerto Rico, according to the store locator on the Sears website, once recent closings are eliminated. Another seven stores listed on the site are limited to selling appliances, and in some cases, mattresses, rather than the full range of offerings that once was a hallmark of both chains.

And by the end of the year there will be only six Kmarts left in the mainland United States, along with six more in Puerto Rico, Guam and the Virgin Islands.

Old Macdonald had a… skyscraper | the HUSTLE

The next generation of farms are indoors and vertical. “Vertical farms” work like parking garages.

Many don’t use soil; they use materials and sensors that mimic natural environments.

Because they can operate 24/7 and recycle water, the efficiency is ridiculous: 350x the traditional farm harvest with just 1% of the water.