The Stock Prices Go To Infinity For Beyond: The first plant-based meat-alternative company to go public is Beyond Meat. On its initial trading day May 2, the stock opened on Nasdaq at $25 a share. It closed the day at $65.75, a surge of 163 percent. The IPO’s success is good news for a growing industry of start-ups hoping to replace animal agriculture. Beyond Meat’s biggest rival is Impossible Foods, which teamed with Burger King to roll out a meatless version of the Whopper last month to great success. (NYT)
A Bomb For A Bomb: The latest conflict between Israel and Palestinians began May 3 when militants shot two Israeli soldiers. The attack prompted swift military retaliation and two militants were killed. An onslaught of mortars and rockets were then fired into southern Israel from within the Gaza Strip. On Sunday Prime Minister Benjamin Netanyahu ordered “massive strikes” against the militant groups, and instructed military leaders to boost tank artillery and infantry forces around the Gaza Strip. Israel Defense Forces tweeted that the military has struck hundreds of Hamas and Islamic Jihad targets in the coastal enclave. Egyptian mediators had been trying to negotiate a long term cease fire in exchange for Israel loosening restrictions on Gaza when the fighting broke out. Casualties are mounting on both sides, and it is shaping up to be one of the most serious conflicts in the region since the 2014 war, which lasted seven weeks and killed dozens of Israelis and more than 2000 Palestinians. (NPR)
Give Us Your Electricians, Your Carpenters, Your Huddled Plumbers:Germany has a vocational training apprenticeship system that is a fixture of the economy. But with the national unemployment rate at a 30-year-low, young Germans have lost their appetite for the trades and companies are facing a shortage of skilled workers. Now the program is helping tens of thousands of asylum seekers from war-torn countries, that Angela Merkel had welcomed nearly four years ago, to rebuild their lives. And it’s starting to help the economy. (WaPo) Additional read: Are the hyper-specialist shops of Berlin the future of retail? One shop sells nothing but buttons, another sells only liquorice, and another is ‘the world’s first textile butcher shop’. In the age of Amazon, it seems the way to thrive is to specialise(Guardian)
The Chinese Foreign Exchanges Student: The unnamed Chinese family caught up in March’s sweeping college admissions fraud investigation, wherein wealthy parents paid consultant William Singer loads of money to get their kids into prestigious colleges and universities, has been exposed. The family of Yusi Zhao reportedly paid $6.5 million in 2017 to secure entry for her to Stanford. Singer made a $500,000 payment to the Sanford sailing program, and created a false profile of Zhao’s sailing achievements so she would be recruited for the team. In April Stanford rescinded Zhao’s admission, and she is no longer a student there. Neither Zhao nor her parents, who live in Beijing, have been charged, and it is unclear if they are under investigation. (NYT)
Are Millenials Cheater Cheaters? Or Boomer Beaters?: Sociologist Nicholas Wolfinger has been studying infidelity. Americans have been asked “Have you ever had sex with someone other than your husband or wife while you were married?” in every iteration since 1991 of the General Social Survey, a broad questionnaire about cultural attitudes. Survey said Americans older than 55 were more adulterous than people younger than 55, with people born between 1940 and 1959 — those currently between 60 and 79 years old — being the ones who reported the highest rates of extramarital sex.
Wolfinger’s analysis found that in the early 2000s, 18-to-55-year-olds were more likely to have extramarital affairs than older people. But right around 2004, the lines cross, and younger people became more chaste than their parents. Wolfinger takes this data to mean marriages in the future should be more monogamous. Other researchers say it’s not possible to know whether Millennials are actually going to have more faithful marriages than Boomers, and we’ll just have to wait until they get older to determine if they’re the faithful generation. (Atlantic)