Tuesday's Assorted Links
Rental car companies, searching for tariffs, rural Nebraska, avocados, and car makers
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
The big winners of Trump’s auto tariffs? Rental cars [Fox Business]
People are currently looking up “tariffs” more frequently than they were looking up “inflation” during its peak in 2022 [Sherwood News]
A rural Nebraska town two hours north of Kansas City is offering $50,000 in down payment assistance to new residents [Nebraska Public Media]
Chipotle sources nearly 132 million pounds of avocados annually—roughly 5% of the total avocados used across the U.S. [Quartz]
The automaker that owns Chrysler, Dodge, Jeep, and Ram, will temporarily lay off 900 US workers and pause production at plants in Canada and Mexico due to auto tariffs [CNBC]
The S&P 500 is down. The NASDAQ has taken a hit. And if you’ve checked your retirement account lately… well, you’re not alone. But does a rough few weeks in the market mean a recession is coming? Not necessarily. In fact, the stock market and the economy are not the same thing.
The Market’s Down—But Is the Economy?
If you’ve glanced at your retirement account lately, you probably regretted it. As of this writing, the S&P 500 is down about 8% from the start of the year. The NASDAQ has dropped nearly 14%. And every news alert seems to bring more of the same: trade tensions
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Expect the price for new homes in Pawnee to go up $50k