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News From the Control Tower - 7/22/2021 Thumbnail

News From the Control Tower - 7/22/2021

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       The Battles to Come Over the Benefits of Working From Home

Not having to commute was the equivalent of a big bonus for many employees. In the future, bosses may expect more hours in exchange for remote work, an economist says.

2.       Low Pay, No Benefits, Rude Customers: Restaurant Workers Quit At Record Rate

Low wages are the most common reason people cite for leaving food service work. But in one recent survey, more than half of hospitality workers who've quit said no amount of pay would get them to return.

That's because for many, leaving food service had a lot to do also with its high-stress culture: exhausting work, unreliable hours, no benefits and so many rude customers.

3.       Collapse Raises New Fears About Florida’s Shaky Insurance Market

Insurers were already skittish after losses from repeated hurricanes. The recent condo collapse has brought new insecurity. How long will Florida’s coast be insurable?

4.       The next inflation driver to worry about

Don't look now, but we may be losing one of the few reliable and consistent pillars of this state's economy over the past decade.

5.       Urgent Action Needed to Address a Worsening ‘Two-Track’ Recovery

The world is facing a worsening two-track recovery, driven by dramatic differences in vaccine availability, infection rates, and the ability to provide policy support.

Bonus: How An Armless Archer Trains His Brain To Win Olympic Medals

Paralympian Matt Stutzman, born without arms, has become a world-class archer by shooting with his feet. He trains in remote Iowa, where his only competition is in his mind. So he imagines matches in extreme detail, from the feel of the wind to the sound of a crowd—a technique scientists have shown can register in the brain as if he were physically there.