3/22/21 Power Five

1. What if Housing Prices Aren’t As High As They Appear? – “Prices paid are up more than 240% since 1989 and 56% since 2013 alone…In certain places for sure but it’s not as bad as it looks once you make some adjustments. You have to put these prices into context.

2. Don’t be Surprised When Vaccinated People Get Infected – “When breakthrough cases do arise, it’s not always clear why. The trio of vaccines now circulating in the United States were all designed around the original coronavirus variant, and seem to be a bit less effective against some newer versions of the virus. These troublesome variants have yet to render any of our current vaccines obsolete. But “the more variants there are, the more concern you have for breakthrough cases,” Saad Omer, a vaccine expert at Yale, told me. The circumstances of exposure to any version of the coronavirus will also make a difference. If vaccinated people are spending time with groups of unvaccinated people in places where the virus is running rampant, that still raises their chance of getting sick. Large doses of the virus can overwhelm the sturdiest of immune defenses, if given the chance.

3. Who is Beeple? – “When asked to explain NFTs, Duncan used this analogy: Imagine you owned a pair of expensive Air Jordans. If Nike went out of business, those sneakers wouldn’t suddenly disappear from your closet. Why should digital goods—like a Fortnite skin or an original Beeple—be any different?”

4. Amazon Plans it’s New York Takeover “It has snatched up at least nine new warehouses in the city, including a 1 million-plus square foot behemoth rising in Queens that will be its largest in New York, and today has at least 12 warehouses in the five boroughs. And it has added to its roster more than two dozen warehouses in suburbs surrounding the city. No other large competitor has a single warehouse in the city and Amazon has largely left most of its chief rivals, like Walmart and Target, behind.

5. Piazza, Clemens, and a Broken Bat – “Piazza’s repeatedly owning Clemens at the plate; Clemens’s responding like a big, fat psycho baby with a fastball to Piazza’s skull, knocking him out with a concussion; then Game 2 of the World Series, the showdown in front of the whole world, the shattered bat, the jagged shard that Clemens may or may not have slung in anger at Piazza, the benches emptying, the near brawl—none of it ever got resolved with a peace accord.They never hashed it out years later, they never put it behind them and they never will. Mike Piazza and Roger Clemens and the broken bat during the Subway Series will connect them forever.

WSJ