Daily Briefing: August 25

The stat, the quote and the read you need to start your day right.

Stat

In part, the excessive costs of homes in the United States are due to a severe housing deficit—but relief may be on the way. RentCafe predicts that 420,000 new apartments will be built in the United States this year. It would represent the first time since 1972 that more than 400k new apartments were completed each year in at least two consecutive years, coming on top of 2021's construction boom. In 2022, New York City is expected to have the most new units.

Quote

“Without resorting to demagogy or launching ad hominem attacks, there are some behaviors that are no longer acceptable.”

French transport minister Clément Beaune would like to see billionaires experience the same travel limitations as everyday citizens: In an interview with Le Parisien newspaper, Beaune said that private jet use should be restricted due to its outsized impact on climate change. Twitter accounts in both France and the United States have posted videos and pictures of business moguls', such as LVMH founder and Europe’s richest person Bernard Arnault, enjoying their aerial joyrides while disregarding climate change effects.

Read

Good conversations have lots of doorknobs. (Experimental History)

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