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A 49-mile stretch of Highway 2 is closed because of record-breaking flooding. Communities along the highway are feeling the impact. Overall, the state may see minor total economic impacts depending on the change in overall spending. https://buff.ly/P9efTBT Here's why - if the total spending only minimally changes (ie people vacation/spend similarly elsewhere in state) then the economic impacts have little change. If people do not spend at a similar rate, then we have negative impacts. Interestingly - highway repairs will have positive localized impacts and state impacts. Of course, results will vary by business and some are likely to be very negatively impacted.

In November, 1 in 4 US shoppers made a purchase using a “buy now, pay later” service. Long billed as a way to make large purchases more affordable with minimal debt, you can now find a way to use BNPL for almost anything. https://buff.ly/m2Ez2nb

Something we should all be paying more attention to: As the White House pushes for federal control of part of the country’s power grid in the service of AI, some state leaders see a power grab. https://buff.ly/TWMyDOU

Bankruptcies soar as companies grapple with inflation, tariffs. Businesses in vulnerable sectors found themselves caught between rising tariffs and beleaguered consumers. https://buff.ly/2oxNS3Q

The Economist features this Christmas special: How Jane Austen revealed the economic basis of society. Some unacknowledged truths about money. https://buff.ly/KbGPxBR

An interesting editorial from WaPo: More American manufacturing won’t mean that many more jobs. Bridgeport, Connecticut, shows how the nature of U.S.-based production is changing. https://www.washingtonpost.com/opinions/2025/12/25/manufacturing-bridgeport-jobs-future-skills/?utm_campaign=wp_todays_headlines&utm_medium=email&utm_source=newsletter&carta-url=https%3A%2F%2Fs2.washingtonpost.com%2Fcar-ln-tr%2F463b39b%2F694e6ab752f684690bfb252f%2F5c7318feade4e23849e818a5%2F24%2F58%2F694e6ab752f684690bfb252f