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December 11, 2020 Welcome to this edition of The Reader, a weekly roundup of our stories and insights.
This week, our reporters examined why America isn't in another Great Depression, despite a devastating pandemic; the cottage industry trying to revive Aunt Jemima; the science behind the leading COVID vaccines; and why 2020 was a banner year for European tech investment.
Read on for more stories. Clifton Leaf
MUST READ Why aren’t we in another Great Depression?
The pandemic outlook is the grimmest it has ever been. But economists seem happily oblivious of it all.
BY GEOFF COLVIN DECEMBER 6, 2020
RETAIL
Inside the cottage industry trying to revive Aunt Jemima and other brands with racist roots
BY BETH KOWITT DECEMBER 8, 2020
COVID-19
The science behind the leading COVID vaccines will lead to faster manufacturing
The fate of the COVID pandemic may well be dictated by a biological building block that’s just several hundred nanometers long. BY SY MUKHERJEE DECEMBER 5, 2020
TECH
2020 was a banner year for European tech investment. Not even a pandemic could slow it down
Venture capital investment in Europe is poised to reach record levels this year. BY JEREMY KAHN DECEMBER 8, 2020
MUST WATCH Airbnb's IPO raises $3.4 billion
The company had priced its IPO at $68 per share but debuted at $148.
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From the archives
“The Aunt Jemima character has long come under fire for its racist past. In a 2007 interview with NPR, Maurice Manring, author of Slave in a Box: The Strange Career of Aunt Jemima, said that the marketing of Aunt Jemima came of age in an era when middle-class housewives were not able to employ black maids as easily as they once did. The ads targeted the nostalgia for those earlier days. “You can’t have Aunt Jemima today but you can have her recipe and that’s the next best thing,” Manring said, explaining the ads. “And so what we’re talking really about is trying to ease the transition from having someone do something for you to doing it yourself, and that’s where the slavery nostalgia was particularly effective,” he said.” —Why it’s so hard for Aunt Jemima to ditch her unsavory past, Claire Zillman, August 2014 .
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