UK's stubborn inflation fails to fall, turning up heat on BoE
British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of England a day before it is expected to raise interest rates for the 13th time in a row.
Mama Mia! NYC rules crack down on coal-, wood-fired pizzerias — must cut carbon emissions up to 75%
New York City is even targeting beloved pizza pie in a bid to curb carbon pollutants — drafting new rules that would require pizzerias that use coal and wood burning ovens for decades to curb…
How Mexican Beer Conquered The American Beer Market
For more than a century the American beer market was dominated by domestic beers, but in the last couple of decades a new contender emerged south of the bord...
“The Airbnb collapse is real.
Revenues are down nearly 50% in cities like Phoenix and Austin.
Watch out for a wave of forced selling from Airbnb owners later this year in the areas hit hardest by the revenue collapse.”
The Legacy of the 2001 and 2003 “Bush” Tax Cuts | Center on Budget and Policy Priorities
The biggest tax policy changes enacted under President George W. Bush were the 2001 and 2003 tax cuts, often referred to as the “Bush tax cuts” but formally named the Economic Growth and Tax...
Analysis | The professions most likely to be paired up in marriage, and more!
Doctors are most likely to marry in-field. Firefighters have a clear thing for nurses. And in this era of two-income households, the most common job for spouses still tends to be none at all.
Top 10 biggest federal subsidies for pro stadiums (Hint: the Yankees are #1)
In a new paper from Economic Studies at Brookings, researchers find that federal taxpayers have footed a $3.2 billion bill to fund private sports stadiums since 2000 alone.
Episode 264: Should Cities Invest in Sports Stadiums?
Politicians often argue the benefits of raising taxes to pay for sports stadiums, citing all the economic benefits that accrue from attracting major sports teams. But if there were significant economic benefits, wouldn’t private investors have an incentive to pay for the stadiums on their own? Why do we need tax revenues to fund them? This week, economist Lauren Heller joins us to talk about the economics of sport stadiums.
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Quick Hits
https://russiandefpolicy.com/2021/12/27/russian-military-pay-still-lags/
https://www.cnas.org/publications/commentary/when-do-economic-sanctions-work-best
https://www.wsj.com/articles/self-driving-trucks-start-to-propel-land-rush-near-major-cities-11646053200
Foolishness of the Week
https://www.usatoday.com/story/travel/airline-news/2022/02/25/mask-mandate-travel-cdc-guidelines/6938530001/
Topic of the Week
https://www.berry.edu/academics/fs/lheller
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Billionaires have found one more way to fleece the public: sports stadiums.
And if we don’t play ball, they’ll take our favorite teams away.
This kind of billionaire hardball is why State Farm Stadium, home of this year's Super Bowl, was built in the first place.