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Diane Girard Writes: Survival Against the Odds; The Hardy Charm of The Independent Book Store
What makes the store a charming and hardy survivor? Mostly, it’s the people who own it and who work in it. They truly care about books and they know books and writers. They make recommendations based on what a customer likes to read and if a book is not in stock, they can order it, swiftly. They connect frequently with their customers through an email newsletter. They sponsor six book clubs. They have held readings by both famous writers and local writers. And, they care about and support local community organizations and have done so for many years. I suggest that when you buy books, you purchase them from your local independent book store. Then, you can relish the good-citizen feeling of supporting a local business and delight in opening the fresh pages of a new book. more »
Pew Trusts, Stateline: Poverty Grows Despite Economic Recovery; Left Behind
Even as average personal incomes rose during the pandemic largely because of government aid, millions of people who didn’t receive such help have fallen into poverty, struggling to pay for food and other basic expenses. That group, trying to get by with the help of local charities, may have been excluded from the federal payments because of immigration status, lack of time in the labor force needed to claim unemployment benefits, or just red tape in states that have been slow to pay jobless claims. And lawmakers in some states such as New York are proposing measures that would create relief funds for workers shut out of jobless payments. Houston-area food banks are employing some out-of-work restaurant employees to help with food distribution, regardless of immigration status, through a relief initiative called Get Shift Done. more »
Economic Research, Federal Reserve Bank of St. Louis: Shift in Confidence and Fear Could Prevent Consumers From Rebounding to Their Investment and Spending Habits
"The negative economic effects of the pandemic come from two sources: capital obsolescence and belief scarring. The pandemic and lockdowns forced consumers to work and consume differently, which can generate persistent changes in tastes and habits for years to come. Capital obsolescence reflects this long-lasting change in the economic value of installed capital. For example, in the post-pandemic world there might be more online shopping instead of in-store purchases. Hence, some installed capital, for example, commercial real estate such as shopping malls, could become obsolete." more »
Kristin Nord Writes: When Skating Away WAS the Way
Kristin Nord: How I loved my white skates with the turquoise pompoms, and in later years as an adult, the black skates with the Matisse-inspired orange rubber guards for my sharpened blades. There is in my mind’s eye, even now, maybe nothing so nice as tightening up my laces, and setting off for a spin on fresh ice on a pond or a lake. I thought of this recently, listening to Sierra Eagleton’s heartbreaking rendering of the Joni Mitchell classic. I wonder how many of us now, when faced with what we’re expected to believe is a season of good cheer, would, in our heart of hearts, like to skate away? more »