What would a default in the United States look like


On the wave of direct-to-consumer brands going public.

“Obviously, many companies that have raised funds are looking to access a larger investor base,” said Blumenthal, seeking to distinguish Warby – whose direct listing will not raise new funds – from others. . So far this year, 12 internet retail companies have gone public, up from nine last year, according to Renaissance Capital. The performance of these and associated brands has been mixed: shares of Honest Company, Jessica Alba’s wellness brand, are down 53% since listing, while Figs, the high-end scrub company , is up 29%.

► “The term ‘paradigm shift’ is always overused, so people tend to ignore it. But that’s a good way to describe what’s going on right now.

– Leland Miller, director of consulting firm China Beige Book, on how the struggles of real estate developer Evergrande reveal “the beginning of the end of the Chinese growth model as we know it”.

► “I’m sorry to all of my friends, but we won’t all be going back.”

– Marc Benioff, CEO of Salesforce, on how much, if not most, of the company’s employees can continue to work from home after the pandemic.

► “I have had builders and developers who explained to me how it is not possible to get concrete to do it, even as I walked them to our 3D printed house. Now our biggest challenge is to make more printers.

– Jason Ballard, director of Icon, a construction technology company that has delivered more than two dozen 3D printed houses across the United States and Mexico.

Isaac Perlmutter, the billionaire president of Marvel Entertainment, has been in an epic conflict with Harold Peerenboom, a neighbor in Palm Beach, Florida, for about a decade. It started with a tennis court disagreement and turned into an eight-year defamation case brought by Peerenboom against Perlmutter, claiming the Marvel executive was behind a hate mail campaign against Peerenboom in retaliation. An envelope with traces of DNA from Mr Perlmutter’s wife was cited as evidence linking the couple to the letters.

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