📈 White House expects inflation to be 'extraordinarily elevated' in new report

Plus: Tyra Banks wanted 'America's Next Top Model' to fix fashion, and more ...

Good Morning! Due to a bug on our Newsletter provider, some of you received duplicate copies of recent Newslit Daily editions on Friday. Apologies for the troubles!

— Jose Montes de Oca

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Today’s pick

White House says it expects inflation to be 'extraordinarily elevated' in new report. The Biden administration is bracing for the Labor Department's consumer price index report to show that inflation is 'extraordinarily elevated.' The consumer price index, or CPI, is one of Wall Street's favorite ways to measure inflation. (Thomas Franck / CNBC)

jack⚡️ @jack

Every administration, republican or democrat, has an opportunity to build trust with the public. Instead, every single time, they choose deception and zero accountability. It’s not the party, it’s the system. https://t.co/sxLJTkPkSn

CNBC @CNBC

White House says it expects inflation to be 'extraordinarily elevated' in new report https://t.co/JmrutKdZg0

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Tyra Banks wanted 'America's Next Top Model' to fix fashion. Now, some contestants say the show was 'psychological warfare. Tyra Banks' "ANTM" was reality-TV gold. But many models said it came at the cost of their mental — and physical — health. (Kate Taylor / Business Insider)

Kate Taylor @Kate_H_Taylor

I spent the last months speaking with 30+ contestants, producers, and judges from "America's Next Top Model," in light of backlash against "ANTM" and Tyra Banks. Here is what I found:

businessinsider.comTyra Banks wanted ‘America’s Next Top Model’ to fix fashion. Now, some contestants say the show was ‘psychological warfare.’Tyra Banks’ “ANTM” was reality-TV gold. But many models said it came at the cost of their mental — and physical — health.

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A look at six new funds begs the question: is a slowdown really coming? If that slowdown comes, however, it could happen slowly, given that our inboxes are filled with news about newly raised venture funds. (Christine Hall / TechCrunch)

TechCrunch @TechCrunch

A look at six new funds begs the question: Is a slowdown really coming? tcrn.ch/3E0NUzo by @ChristineMHall

tcrn.chSix new funds begs a question: Is a slowdown really coming? – TechCrunchIf that slowdown comes, however, it could happen slowly, given that our inboxes are filled with news about newly raised venture funds.

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Digital Ad Revenue Jumped 35% in the U.S. Last Year, Biggest Gain Since 2006. Advertising has followed shopping online during the pandemic at a breathless rate. The ad spend was concentrated—78.6%—at just 10 top digital publishers and platforms and the proportion is creeping... (Megan Graham / Wall Street Journal)

Meg Graham @megancgraham

New IAB report on 2021: Digital ad revenue in the U.S. jumped 35% to $189 billion last year. The top 10 digital publishers/platforms took the lion’s share—78.6% of that spend: wsj.com/articles/digit…

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Why American Teens Are So Sad. The United States is experiencing an extreme teenage mental-health crisis. From 2009 to 2021, the share of American high-school students who say they feel “persistent feelings of sadness or hopelessness” rose from 26 percent to 44… (Derek Thompson / The Atlantic)

Derek Thompson @DKThomp

Big new piece: Why American teens are so sad theatlantic.com/newsletters/ar… I wrote about 3 common fallacies and 4 plausible explanations for why hopelessness among American high schoolers has skyrocketed in the last decade

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— Jose Montes de Oca

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