The last thing the current U.S. environment of high mortgage rates and inflation needs is a Category 4 storm like Hurricane Ian. Set to cost an estimated $65 billion in damages, 2022’s latest disaster signals how much worse things could get given the current trajectory of climate change.
When consumer behavior and sentiment dictate how the economy will turn out, it’s no surprise that the sales trends of certain goods on the market can predict economic health. Everything from the height of women’s skirts to the price of Big Mac burgers says something about people’s finances. Community Columnist Felicia Mo explores two unconventional economic indicators – lipstick and men’s underwear – that economists use to signal and prepare for incoming recessions.
A new restaurant model has stealthily emerged in response to the industry’s devastating financial losses from the pandemic: the ghost kitchen, a facility designed solely to prepare meals and deliver them to your doorstep. In this article, Community Columnist Felicia Mo uncovers the reason why you’ll never know where your food really comes from when you order online, as well as the good, bad, and ugly of this new business strategy.