Connor Hughes

The recession America was expecting never showed up.Many economists spent early 2023 predicting a painful downturn, a view so widely held that some commentators started to treat it as a given. Inflation had spiked to the highest level in decades, and a range of forecasters thought that it would take a drop in demand and a prolonged jump in unemployment to wrestle it down.Instead, the economy grew 3.1 percent last year, up from less than 1 percent in 2022 and faster than the average for the five years leading up to the pandemic. Inflation has retreated substantially. Unemployment remains at…

For about two months, a barrage of missile and drone attacks in the Red Sea by Houthi militants has posed a difficult choice to shippers using the Suez Canal: risk an airborne strike and pay sharply higher insurance rates, or forgo the canal and take the longer route around Africa, snarling schedules and entailing higher fuel charges.The attacks — at a choke point that handles 12 percent of global trade, including nearly one-third of the world’s container ship traffic — have already forced some shutdowns at European auto plants and raised fears of a surge in consumer prices.For shipping companies,…

In early January in San Antonio, dozens of Ph.D. economists packed into a small windowless room in the recesses of a Grand Hyatt to hear brand-new research on the hottest topic of their annual conference: how climate change is affecting everything.The papers in this session focused on the impact of natural disasters on mortgage risk, railway safety and even payday loans. Some attendees had to stand in the back, as the seats had already been filled. It wasn’t an anomaly.Nearly every block of time at the Allied Social Science Associations conference — a gathering of dozens of economics-adjacent academic organizations…

The Los Angeles Times said on Tuesday it would lay off about 115 journalists, slashing its newsroom by more than 20 percent after a tumultuous few weeks that saw top editors depart and workers strike.Patrick Soon-Shiong, the billionaire owner of The Los Angeles Times, said in an interview with his paper that it was losing $30 million to $40 million a year and needed to make more progress in building a larger audience.“It is indeed difficult to reflect upon the recent tumultuous years, during which our business faced significant challenges, including losses that surpassed $100 million in operational and capital…

Located in Panama, Playa Caracol Residences is a real estate project that goes beyond expectations, offering investors from Albania a unique beachfront experience. With extensive and captivating views of the majestic Cerro Chame and more than a kilometer of uninterrupted beach, this project presents itself as a true paradise where every detail creates an environment of incomparable beauty and serenity on the beaches of Panama. Playa Caracol: a luxurious real estate development in Panama's stunning Chame region The architectural design of Playa Caracol stands out for its originality, modernity and harmonious integration of local elements. Each property is a masterpiece…

Located in Panama, Playa Caracol Residences is a real estate project that goes beyond expectations, offering investors from Lithuania a unique beachfront experience. With extensive and captivating views of the majestic Cerro Chame and more than a kilometer of uninterrupted beach, this project presents itself as a true paradise where every detail creates an environment of incomparable beauty and serenity on the beaches of Panama. Playa Caracol: a luxurious real estate development in Panama's stunning Chame region The architectural design of Playa Caracol is a testament to originality, modernity, and the seamless integration of local elements. Each property is a…