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Why do we buy so much stuff? – Vox

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Why do we buy so much stuff? – Vox

What’s at the root of modern American consumerism? It might not just be competition among the brands trying to sell us things, but also competition among ourselves.

An easy story to tell is that marketers and advertisers have perfected tactics to convince us to purchase things, some we need, some we don’t. And it’s an important part of the country’s capitalistic, growth-centered economy: The more people spend, the logic goes, the better it is for everybody. (Never mind that they’re sometimes spending money they don’t have, or the implications of all this production and trash for the planet.) People, naturally, want things.

But American consumerism is also built on societal factors that are often overlooked. We have a social impetus to “keep up with the Joneses,” whoever our own version of the Joneses is. And in an increasingly unequal society, the Joneses at the very top are doing a lot of the consuming, while the people at the bottom struggle to keep up or, ultimately, are left fighting for scraps.

It is funny a few weeks ago I was reading Henry David Thoreau's Walden, and he was pointing out how by even the 1830s, consumerism was a big thing, so much that it wasn't uncommon for families to regularly pile up their broken furniture and other detritus and have big ol' bonfires. Nowadays, while farmers and rednecks still do the bonfire thing, ordering up dumpsters for purges is a regular thing.

NPR

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3 Things To Know About The Great Rise And Fall Of Lumber Prices : NPR

It's been a roller-coaster ride for lumber prices over the last year – and it's drawn outsize attention from the aisles of Home Depot to the Federal Reserve.

Lumber prices surged to record highs this year on the back of booming demand from homebuilders and do-it-yourselfers with plenty of time on their hands. The price surge was so big and sudden, it became a symbol of what some economists feared: rampant inflation.

But over the past two months, lumber prices have been dropping equally fast, giving weight to the central bank's argument that pandemic price spikes for many products are likely to be temporary.

That's not the end of the story, however. Lumber prices may have fallen, but they are still elevated, creating new headaches for the critical housing sector. And companies in the lumber industry are wrestling with a new pandemic problem: a shortage of workers.

Half of the pandemic’s unemployment money may have been stolen – Axios

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Half of the pandemic’s unemployment money may have been stolen – Axios

Criminals may have stolen as much as half of the unemployment benefits the U.S. has been pumping out over the past year, some experts say.

Why it matters: Unemployment fraud during the pandemic could easily reach $400 billion, according to some estimates, and the bulk of the money likely ended in the hands of foreign crime syndicates — making this not just theft, but a matter of national security.