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recession

Are LGBTQ travelers more fearless in their approach to post-crisis travel?

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The US tourism industry sustained a downturn following the 2001 terrorist attacks, as travelers were reluctant to fly. After the 2008 economic crash, the effect was global and more pronounced, as individuals and families all but eliminated their travel budgets. But following both events, an unexpected trend emerged: LGBTQ travelers were more likely than their

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To buy or not to buy, that is the question: Wary shoppers slow retail sales

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Quarterly financial reports often portend the future. The retail apparel numbers are out for the first quarter of 2019, and they aren’t pretty. Sales dropped by 24 percent, the biggest decline since the first quarter of 2008, when they were a bellwether for the last recession. People aren’t buying clothing. Maybe some of them read

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Garbage, the Financial Markets and Preparedness: What’s the Connection?

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Goldman Sachs has upgraded Waste Management stock from a sell to a buy as a safe place to invest in a downsizing economy. At first read, this made little sense to me, as I think of a recession as a time when you hunker down and buy less, thereby creating less garbage. But maybe it’s

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