My true love gave to me … inflation
That’s how much more expensive a partridge is to purchase this year than last, according to PNC Wealth Management. The company monitors the cost of the gifts in the carol “The Twelve Days of Christmas” as a festive version of the consumer price index. As the New York Times writes, the cost of the pear tree also went up 1.2 percent. But fret: The price tag of the entire collection of gifts has slowed down its growth over the last couple years.
That’s how much Dee Sinclair, also known as Santa Dee, can make in a single holiday season. He owns a company called “The Real Black Santa,” which employs African-American Santas for events and appearances. Businesses like Sinclair’s have seen an increase in the demand for African-American Santas — so much so, many are having trouble keeping up with requests.
That’s how much home values were found to decrease after 10 years when low-income housing was built nearby, according to research out of Stanford University. Homes half a mile or more from low-income housing were found to be unaffected in terms of value. Still, even with evidence of little to no affects on the real-estate market, cities like Yonkers, New York have still seen fierce debate over the construction of low-income housing.
That’s the size of the U.S. cannabis market. And that huge amount of money flowing through the industry also means a large demand for supply. Which, as Bloomberg reports, is where the weed-growing industry gets not very green. Cannabis production puts out greenhouse gasses on par with the output of the state of New Hampshire’s cars, homes and businesses.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.