Plus: Rebrand roadkill, housing habits and more. Bloomberg
This is Bloomberg Opinion Today, an enormous amount of political and intellectual energy devoted to Bloomberg Opinionâs opinions. [Sign up here](. Todayâs Agenda - SCOTUS [defends democracy](.
- Rebrands donât have to be [internet roadkill](.
- Americaâs housing market is [structurally sound](.
- Retailers are [ditching cities]( for the suburbs. PDP Every office has [that one employee]( who is very good at doing lots of things, just not their Actual Job. Theyâre doing the coffees. Theyâre printing the slides for that meeting. Theyâre Slacking the memes. Theyâre organizing a birthday brunch for Janice on Friday. But what theyâre not doing is sending their boss that report by EOD, because they are absolutely, deeply, incredibly swamped and need a deadline extension. Being a justice on the US Supreme Court is a different type of beast, of course. But at its core, itâs not unlike an office job: Justices have a set of tasks to do each term, and an early summer deadline that they ([almost]() always meet. And their Actual Job is pretty straightforward: Protect the Democratic Process. PDP, baby! It's a simple mantra, but âitâs hard to overstate how important it is that this court is prepared to fulfill that duty,â Noah Feldman writes. And yet at times, it can feel â to certain people at least â as though the justices are slacking [juuust a smidge]( on their Actual Job. Today, thankfully, was not one of those days: âIn a 6-3 decision, the US Supreme Court firmly [rejected the so-called independent state legislature theory](. This bizarre theory would have allowed renegade legislators to violate their state constitutions in setting rules for federal elections â allowing them to hijack elections for US Congress and even the presidency.â Noah says the majority decision, written by Chief Justice John Roberts, is significant not just because it fulfills the Supreme Courtâs duty to PDP, but because of who joined it: Brett Kavanaugh and Amy Coney Barrett, who âshowed that, notwithstanding their undoubted conservatism, they are not going to be radical revolutionaries when it comes to the basic structure of democratic elections.â Alas, âthe same cannot be said for the dissenters, Justices Clarence Thomas, Neil Gorsuch and Samuel Alito,â he writes. Sadly, it seems those three arenât up to the demands of their Actual Job. Bonus SCOTUS Reading: Women are disproportionately the targets of online threats. The Supreme Court [just made it trickier]( for them to get justice. â Noah Feldman We Need to Talk About Frappélachia While a bunch of TikTokers are having all sorts of fun turning the McDonaldâs Grimace milkshake into [a horror movie]( where kids try the purple drink and [immediately pass out](, Iâd argue that [this]( McDonaldâs Frappé advertisement is just as deserving â if not more â of our scorn: Frappélachia???? No. Absolutely not. âIf thereâs one thing appalachians love itâs a big corporation pandering to them with an ostentatiously unnecessary accent mark,â [@stefanielaine]( tweeted. âthey could have asked just one frappalachian,â [@loreestark]( replied. Luckily for McDonaldâs (and the [Appalachian Regional Commission](), [Frappé]( season is fleeting â as is apparently the number of [working ice cream machines]( at its franchises. For other companies, however, brand updates can be more deadly than a Grimace shake. â[Rebranding in the age of crowdsourced snark]( is a blood sport,â Ben Schott writes. Before the social-media hive mind was born, a truly egregious brand makeover may have received a scathing sentence in the local newspaper, he notes. But nowadays, brand vigilantes are incredibly quick to jump on the slightest hint of a corporate mishap. Rebrands have always been a battleground, perhaps because logos and our affinity to them are rooted in a time and a place: Appleâs iTunes logo with the tiny CD on it is nostalgic, in a [Microsoft Paint]( sort of way. But that doesnât mean Steve Jobs was wrong to [ditch it]( in 2010 when your walkman started collecting dust in the closet. Knee-jerk jerk design criticisms are often fleeting. Ben points to the recent rebrand of [HBO Max](, arguing that itâll likely follow the trajectory of other entities like [Slack](, [The Met](, [Dunkin Donuts]( and [Pringles](, whose rebrands initially drew ire, only to survive and, in most cases, thrive. Yes, some rebrands are [straight-up ugly](. And[others]( can reflect [deeper fissures]( within a brandâs identity (see: The highly anticipated return of [Old Céline](âs [Phoebe Philo](). But most of the time, a new look just takes some getting used to. Read [the whole thing](. Or go watch some Max in Frappélachia, for all I care. Crash Course âWe spent the last seven years at war with ourselves or with each other about Brexit. We devoted an enormous amount of political and intellectual energy to this fight, and that created very unstable politics.â Timothy L. O'Brien spoke with Bloomberg Opinion columnist Adrian Wooldridge about [Britainâs post-Brexit drift]( on the latest episode of [Crash Course](. Telltale Charts As someone who A) Doesnât own a home, B) Is convinced that she will never be able to buy a home and C) Still experiences fear and loathing every time she reads about the impending housing implosion, I donât know whether to be heartened or dismayed by Allison Schragerâs [latest column]( on Americaâs housing market. She writes: The 30-year mortgage âmay well be the only thing keeping the US housing market from collapse right now.â Americaâs widespread adoption of long-term mortgage rates stands in contrast to the housing habits of other countries, like the UK, Canada and New Zealand, which are fast-approaching a â[mortgage tsunami](â â to borrow a phrase from Marcus Ashworth â that could have catastrophic implications for their economies. In the US, though, 90% of households are paying less than current rates on their mortgage, Allison says. The implication is that nobody is going to move, supply will stay tight, prices will stay propped up, and we may just steer clear of a recession. A couple weeks ago, I spent a Saturday with my sister in suburban bliss. We blasted [Taylor Swift](, driving around in our momâs SUV with the sunroof open, hitting up T.J. Maxx, Old Navy and the Sephora in Kohl's (iykyk). It was magical. You canât tell me that a T.J. Maxx in suburbia is the same as the ones in the city. Sure, you can buy a cheese grater and a sports bra for a grand total of like, $6.99, anywhere. But shopping in the suburbs just hits different: There are more clothes. The deals feel better. And the cashiers are beyond friendly. All of these good vibes are not a figment of my imagination: â[Shopping patterns have fundamentally changed]( in a way that doesnât favor downtowns,â Leticia Miranda writes, noting that âover the last two years, suburban retail has outperformed urban areas.â Retailers like [Nordstrom]( and [Walmart]( will claim theyâre leaving cities like San Francisco and Chicago because of bad stuff like crime, but really itâs because their stores arenât built for the big city anymore: Further Reading Punishment for [wayward bank executives]( is a decision best left to investors. â Bloombergâs editorial board Eli Lillyâs [new weight-loss drug]( is even better than Ozempic. â Lisa Jarvis Russiaâs mutiny calls attention to [a troubling phenomenon]( for Big Oil: fragility. â Liam Denning [Direct air capture plants]( could be the engineering marvel of our lifetime. â Lara Williams Nothingâs wrong with [IBMâs latest software purchase](, but isnât exactly jazzing investors. â Dave Lee [Our productivity is declining]( â but not for the reasons you may think. â Justin Fox ICYMI Silicon Valleyâs tech nerds are [bullies]( now ... â¦Â and theyâre fueled by [magic mushrooms](.[1](#footnote-1) Ryan Seacrest is the new [Wheel of Fortune]( host. Thereâs a new [Trump audio tape](. This [Manhattan loft]( comes with a catch. Kickers Barbie [Feet 101](. Thereâs a [new avocado]( in town ... â¦Â and a [better way]( to tell if itâs ripe. âAsk app [not to track](â is awful. (h/t Mike Nizza) The floor is [lava](, but this is NOT a [pizza](: Notes: Please send focaccia topped with fruit and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Instagram](, [TikTok](, [Twitter]( and [Facebook](. [1] Matt Levine has [thoughts](. Follow Us You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox.
[Unsubscribe](
[Bloomberg.com](
[Contact Us]( Bloomberg L.P.
731 Lexington Avenue,
New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](