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Economy – Articles, Analysis, Opinion

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Washington state was home to some of the nation’s first dispensaries for legalized marijuana. AP Photo/Ted S. Warren

Legalizing recreational pot may have spurred economic activity in first 4 states to do so

Colorado, Washington, Alaska and Oregon all experienced big increases in both deposits and lending shortly after legalizing marijuana for recreational use.
Dealing with customers every day can put significant stress on hospitality workers. AP Photo/Mark Lennihan

Bad managers, burnout and health fears: Why record numbers of hospitality workers are quitting the industry for good

New research shines light on what is driving hospitality workers – like waiters and hotel workers – to abandon the industry as part of the ‘great resignation.’
All eyes are on Fed Chair Jerome Powell as the central bank prepares to raise rates for the first time in three years. Brendan Smialowski/Pool via AP

Federal Reserve plans to raise interest rates ‘soon’ to fight inflation: What that means for consumers and the economy

The US central bank said surging inflation is guiding its decision about when to lift interest rates. Two experts on financial markets explain what might happen next.
The toxic culture in video game company Activision Blizzard is part of the larger problem of sexual harassment in esports. Cameron Baird/Red Bull Content Pool

Microsoft purchase of Activision Blizzard won’t clean up gamer culture overnight: 5 essential reads about sexual harassment and discrimination in gaming and tech

Sexual harassment and discrimination in gaming and tech are not inevitable or permanent, write experts in the field. The solutions are positive community standards and women in power.
Grand Park, a multi-use sporting facility in Westfield, Ind., was built to lure youth sports competitions and tourists to the region. AP Photo/Michael Conroy

Why massive new youth sports facilities may not lead to the tourist boom many communities hope for when they build them

New research suggests parents are too focused on their children’s competition to spend time or money on things that don’t involve the tournament, hotel stays or quick dining.
In the metaverse, your avatar, the clothes it wears and the things it carries belong to you thanks to blockchain. Duncan Rawlinson - Duncan.co/Flickr

The metaverse is money and crypto is king – why you’ll be on a blockchain when you’re virtual-world hopping

For the metaverse to work, people need to own their virtual bodies and possessions and be able to spend money. The same cryptographic technology behind bitcoin will make that possible.
Containers are seen stacked at a port in Qingdao in China’s eastern Shandong province on Jan. 14, 2020. STR/AFP via Getty Images

The ‘China shock’ of trade in the 2000s reverberates in US politics and economics – and warns of the dangers for fossil fuel workers

Large-scale job losses in the US due to trade with China will lead to enduring demographic and political aftershocks without the implementation of policies that promote widespread job growth.