Newsletter Nov 22, 2021

Inflation continues to be an anchor around the neck of the economic recovery, and Americans may have to tread water for a while longer.

3 things you must know

A nation in inflation: How much more can Americans take?
Former major-leaguer Sam Ewing had funny way of describing inflation: "Inflation is when you pay 15 dollars for the 10-dollar haircut you used to get for 5 dollars back when you had hair." While it's not that simple, the feelings of frustration are the same.
It's a complex situation as President Joe Biden seeks ways to unravel the backlogged supply chain, Congress passes bills that inject more printed dollars into the economy, and Federal Reserve Chairman Jerome Powell plays the balancing acts between interest rates and inflation. The Fed may take more drastic action to get inflation under control as new numbers come out this week.
FIND OUT HOW BAD INFLATION MAY GET AND ITS IMPACT

Musk's company emails reveal his Jekyll-and-Hyde sides
If you think Elon Musk's tweets are weird, you should check out his emails. CNBC recently received some leaked emails from the Tesla CEO to his employees, including two in consecutive days that show the eccentricity that cost him $137 million in one employee lawsuit involving a hostile work environment claim.
The first reveals a seemingly cool boss who politely sets policy about music in the workplace. The next day, Musk pens a terse, potentially threatening letter about managers following directions or finding the exit. Like Tesla's cars, it's his way or the highway.
CHECK OUT SOME OF MUSK'S EMAILS TO HIS EMPLOYEES

Venture capitalism going through modern-day midlife crisis
OK, so maybe venture capitalists aren't buying a shiny new convertible and asking their doctor about Rogaine, but they are undergoing a sort of midlife crisis. The age of hyper-inflated IPOs and unicorn hunting has old-school VCs out of their element.
IBT contributor Mark S. McNally does a deep dive on the many changes that have led us to this point, and he offers ideas for how to put things back in check. The off-the-charts startups and big splashes by big-tech require some stability to settle the markets.
FIND OUT WHERE VENTURE CAPITALISM GO FROM HERE

Markets

DJIA	35,601.98	-0.75%
S&P 500	4,697.96	-0.14%
Nasdaq Composite	16,057.44	0.40%
Japan: Nikkei 225	29,731.20	-0.05%
UK: FTSE 100	7,223.57	-0.45%
Crude Oil Futures	75.90	-0.05%
Gold Futures	1,849.90	-0.09%
Yen	114.14	0.10%
Euro	1.13	-0.04%
* As of market close

Tiger Woods hits the links in viral video

It isn't very often that images of a guy taking practice shots on the golf range become earth-shattering news, but video footage of Tiger Woods taking a few swings threatened to blow up the internet on Sunday.

Nine months after the scary car crash that crushed his legs, Woods is at it again, working on his golf game and sending the Twitterverse into a tizzy. The video led to instant speculation about whether the 15-time major winner will make a comeback soon, but he's lucky to be walking at this point -- much less battling down the back nine at Augusta.

SEE THE VIDEO AND HOW FANS AND FELLOW PROS REACTED

Motorists face charges for grabbing cash

Imagine your driving down the highway and you suddenly notice large sums of cash blowing across the road. Do you A) keep driving; B) pull over until it's safe to drive; or C) stop in the highway and grab as much as you can? Most drivers chose C and started a freeway free-for-all.

An armored truck's door popped open on a San Diego highway and a near-riot ensued as motorists came to a screeching halt to lift as much loot as they could. One problem, highway cams and social media saw the whole thing, so now authorities are asking them to turn the money in or go to jail. That changes the odds on the multiple choice question.

SEE THE BIZARRE SCENE OF THE GREAT HIGHWAY ROBBERY

Eric Clapton's guitar rocks music auction

A savvy shopper can pick up a 1968 Martin acoustic guitar for four figures, but the price is going to be a lot higher if it once belonged to Eric Clapton. The virtuoso put one of his favorite axes up for auction over the weekend and the vintage instrument sold for $625,000.

It's no surprise that the Rock 'N' Roll Hall-of-Famer's guitar would fetch a hefty price, but the shocker is that it's nowhere near a record. That distinction belongs to late Nirvana frontman Kurt Cobain, who's guitar brought in $6 million. Maybe Clapton should've faked his own death.

FIND OUT HOW MUCH OTHER STARS' MEMORABILIA SOLD FOR