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Does Your Childhood Neighborhood Shape Your Future Earnings Potential

I hope you had a great week and as you start breaking out those Fall outfits and layers to stunt on y
Does Your Childhood Neighborhood Shape Your Future Earnings Potential
By Hipsternomics  • Issue #40 • View online
I hope you had a great week and as you start breaking out those Fall outfits and layers to stunt on your entire block, please don’t forget to register to vote and make your voice heard. Uber is even offering free rides to polling places. If you’re in NYC this week, check out some of the African restaurants participating in the New York African Restaurant Week.

How The Neighborhood You Grew Up in Could Shape Your Economic Outcome
How Trump's Tariff Wars Impacts Food Banks
Chart of the week
2019 Goals: For me to be at the top of this chart in using up my vacation days
2019 Goals: For me to be at the top of this chart in using up my vacation days
Interesting Quick Hits
  • Too many IPOs by unprofitable companies in 2018 shows reminiscence of the 2000-era dot com market crash, according to data report by University of Florida finance professor Jay Ritter. In year 2000, 81% of companies that IPO’d were not profitable, and so far in 2018, of the 150 companies that went public, 83% of them unprofitable.
  • Amazon raises minimum wage to $15/hour employees in the U.S. and U.K. effective Nov. 1, along with over 100,000 seasonal workers who will be hired during the holidays. Earlier this year, Walmart boosted its starting hourly wage to $11/hour. Target last year also increased its minimum hourly wage to $11 and then to $12 this year, with the goal to reach $15 by the end of 2020. I guess economy is booming!
  • Add women to the company board or get fined California signed law requiring all publicly-traded companies based in the state to have at least 1 woman board member by end of 2019, or it will be fined $100,000. About 25% of the 445 publicly traded companies in California don’t have a single woman on their boards.
  • Your next bottle of wine or whiskey is made in a lab Endless West, a SF-based company successfully created various libations in their labs without the use of any natural ingredients like grapes, fruits, oak barrels, etc - including a champagne that tastes like Dom Perignon, whiskey that’s better than Pappy Van Winkle, but retails for far less than those famed bottles. Making wine that “smelled and tasted exactly as they wanted it to, without purchasing land, planting grapes or concerning themselves with the effects of climate change.”
  • NYC wants to factor rent payment into Credit Score Since paying your mortgage on-time is factored into individual credit scores, but rent payments are not, NYC wants to change that. Partnering with Experian, NYC comptroller released a report “showing that if rent payments were factored in credit scores, around 76% of renters in New York City would see their scores rise significantly, and around 28.7% of renters paying less than $2,000 per month would gain a credit score for the first time.” 
Companies mentioned (% YTD): Amazon +62%, Target +30%, Walmart -6%.
Resources of the Week
Layering season is upon us!
Layering season is upon us!
This weekend’s brief was written at Gorilla Coffee in Brooklyn, while listening to a few projects: Bas’ “Milky Way” album, definitely didn’t skip a track on this joint, also, didn’t know that he’s Sudanese. Also vibe’d to this new album by Alt-J “Reduxer”, which has features from Pusha-T, Goldlink, Terrace Martin and others. Hope you enjoy and have a great week ahead!
Thank you for reading through this weekend’s brief! Drop a note to share what articles you found most interesting this week.
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