4/27/21 Power Five

1. Selling Your Home in a Seller’s Market – “We’re seeing an inventory crisis,” said Katie Wethman, a Washington, D.C.-based real estate agent at Keller Williams Realty. Indeed, total home supply at the end of March sat at only 1.07 million units, down 28.2 percent from a year ago, according to a report from the National Association of Realtors. The association’s data also found that homes typically sold in a record-low time of just 18 days in March, down from a 29-day average in March 2020.”

2. The Golden Ratio May Have African Roots – “These scaling patterns can be seen in ancient Egyptian design, and archaeological evidence shows that African cultural influences traveled down the Nile river. For instance, Egyptologist Alexander Badawy found the Fibonacci series’ use in the layout of the Temple of Karnak. It is arranged in the same way African villages grow: starting with a sacred altar or “seed shape” before accumulating larger spaces that spiral outward.”

3. The Greatest Story Ever Told – “Eventually paper currency was added to the system of coins. Humans assigned value to worthless pieces of paper, and everyone bought in to the story. Then banks began to hold deposits and offer loans. Corporations allowed many people to own stock in a company, pooling their money to build something larger than they could ever build alone. Companies could also borrow, and investors purchased bonds. Governments borrowed as well, financing wars, infrastructure, social programs, and deficit spending during economic recessions. Some companies and countries borrowed too much and defaulted. Some corporations went bankrupt, and investors lost their equity. But all along the way, life on Earth became a lot easier for humans.”

4. Why You Shouldn’t Feel Guilty About Your To-Be Read Pile – “There’s a Japanese word for this accumulation of books that pile up without being read: tsundoku. At three syllables, it economically sums up the fact that book lovers buy and borrow books even when we already have plenty of books to read.”

5. CEO Pay Remains Stratospheric – “The gap between executive compensation and average worker pay has been growing for decades. Chief executives of big companies now make, on average, 320 times as much as their typical worker, according to the Economic Policy Institute. In 1989, that ratio was 61 to 1. From 1978 to 2019, compensation grew 14 percent for typical workers. It rose 1,167 percent for C.E.O.s.”

NYT