In a memo, the league said it was “facing a very different economic reality than just one year ago.”
Category: Budgets and Budgeting
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California Economy Is on Edge After Tech Layoffs and Studio Cutbacks
As recession fears persist, the troubles in major industries have hurt tax revenues, turning the state’s $100 billion surplus into a deficit.
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What to Do With Your Tax Refund, According to Experts
The average refund is down from last year, but still almost $3,000. One option experts recommend is stashing part of it for unexpected expenses.
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Ukraine Needs Shells, and Arms Makers Want Money. Enter the E.U.
The New York Times – Business:Ukraine is firing artillery shells faster than manufacturers can make them. Brussels is working on a plan to increase production by guaranteeing big advance purchases.
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Consumers Try to Change Their Spending Habits After the Pandemic
The New York Times – Business:The pandemic gave consumers an excuse to spend more to make up for lost time. Those who went overboard are trying to reverse course.
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Food Prices Weigh on Seniors’ Savings, Health and Even Social Ties
The New York Times – Business:As costs rise, many older Americans have changed the way they shop and eat out. For some, it could affect their health or leave them feeling isolated.
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F.A.A. Outage Highlights Fragility of the Aviation System
The New York Times – Travel:The Federal Aviation Administration halted flights Wednesday morning after a system to alert pilots to safety issues went down, just two weeks after a major Southwest Airlines meltdown.
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The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.
The New York Times – Business:If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
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At German Christmas Markets, Smiles Shine Bright but Budgets Are Tight
The New York Times – Business:In Nuremberg, the stalls are open without Covid restrictions, and big crowds are returning to sip mulled wine and socialize. But amid economic uncertainty, visitors are spending less.
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Airbnb Will Make Cleaning Fees More Transparent for Travelers
The New York Times – Travel:Cleaning fees and checkout requirements, often hidden until checkout, have been a source of frustration for users. The company said it was changing its policy to include them earlier in a search.
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CNN Cuts Back on Original Series and Films
The New York Times – Business:Acquired and commissioned documentary movies and TV shows like ‘Navalny’ and ‘Stanley Tucci: Searching for Italy’ are going away.