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Tag: Holiday Season

  • The 2025 holiday season could break travel records again. Here’s when to book your plans.

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    The holidays are quickly approaching, which means there is potential for record-breaking travel yet again.

    NerdWallet’s annual holiday travel report expects Americans to spend $311 billion on flights and hotels this year, totaling $2,586 a person, which is up nearly $260 from last year.

    “The longer you wait to book holiday travel, the more expensive it is going to get,” said Sally French, who tracks travel for NerdWallet.

    “This is really the week that you want to be booking your Thanksgiving travel and we are not far out from the week that you wanna make sure you’ve got your Christmas locked in,” she said.

    French advises having Christmas travel booked the first week of November. NerdWallet says at least 51 days out is the best timing for Christmas bookings – which is Nov. 4. 

    Meanwhile, for those driving to their Thanksgiving destination, they can expect to see lower gas prices as gas prices nationally are falling and approaching $3 per gallon. Parts of Oklahoma and Ohio could even see prices dip below $2 per gallon.

    Potential record travel 

    Thanksgiving in 2024 was the busiest Thanksgiving ever at airports across the country, but those records could be shattered this year.

    Booking data from Cirium comparing 2024 to 2025 shows holiday trips booked between June 30 and Oct. 8 are up 2.2% for Thanksgiving and up nearly 1% for the week of Christmas.

    “I think the entire fourth quarter, the fall break, Thanksgiving, Christmas, they’re all likely to set records with strong demand,” United CEO Scott Kirby said.

    This Thanksgiving, airlines are adding about 250,000 more seats in an effort to keep up with the growing demand.

    “As long as the economy keeps growing, I think that pace can continue,” Kirby said.

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  • Minneapolis ends Holidazzle, launches monthslong

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    Holidazzle — a longtime Minneapolis holiday staple — is evolving and rebranding.

    What was a free event with lights, stage performances and vendors will remold as part of a “broader, winter-long collaborative campaign,” according to the Minneapolis Downtown Council, which manages the festival. 

    The new effort will be called “Winterapolis.” 

    Though Holidazzle typically was a four-day event in mid-December, the new “Winterapolis” will be a monthslong campaign from November to February, according to the council’s Kittie Fahey.

    While details have yet to be announced, Fahey noted the events would include “arts, culture, markets and activations citywide.” 

    “By bringing together such partners such as arts organizations, cultural institutions, hospitality venues, retailers, city parks, and others, Winterapolis will showcase winter in Downtown Minneapolis as a full season of vibrancy rather than a single event,” the downtown council said.

    Holidazzle started in 1992, but has struggled in recent years to find a foothold after the COVID-19 lockdown. The celebration turned virtual in 2020 and returned to Loring Park for two years before it was canceled in 2023 due to a lack of funding. 

    In 2024, the event took over Nicollet Mall but without its iconic parade. Though organizers anticipated 100,000 attendees over the four days, it only drew in 65,000, the council said last year.

    The downtown council also manages the Minneapolis Aquatennial, a civic celebration of the city featuring fireworks and a parade in late July. According to the Minnesota Historical Society, the festival launched in the 1930s to quell tensions after a Teamsters strike and anti-union violence that killed two and injured dozens of others.

    Fahey said the council is discussing the Aquatennial with sponsors and the city “to determine the best path forward for next summer’s celebration.”

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  • Shoppers in California plan to splurge this holiday season — out of fear

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    Shoppers in California plan to splurge this coming holiday season, but not because they are confident about the future. They are worried about inflation and figure it’s better to buy now than pay more later.

    At least that’s the takeaway from a new report from accounting firm KPMG that shows that consumers on the West Coast are more concerned about price rise and tariffs than those in any other region in the country.

    Nationally, shoppers intend to boost their holiday spending by 4.6% this year compared with last year, spending an average of $847 on shopping, according to the report.

    “When you think about why consumers are planning on spending more, it’s not that they have more wallet to spare, but it’s actually an expectation that prices are increasing,” Duleep Rodrigo, KPMG U.S. consumer and retail leader, said in an interview. “Eighty percent also of consumers are really being very conscious about inflation, and inflation that is impacted as a result of tariffs.”

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    Of the six different regions KPMG surveys, the Pacific region — which includes California, Oregon, Washington, Hawaii and Alaska — showed the highest concern for rising prices due to tariffs, with 72% citing inflation as a top concern.

    Nationally, 8 in 10 consumers believe tariffs will result in price increases. The least concerned were consumers in the Northeast, where only 6% said price increases would result in cutting back on holiday spending.

    “The consumer is spending like a poker player with a small chip stack,” Rodrigo said in the report. “They know they can’t play every hand but are willing to go ‘all in’ on a promising hand with a high emotional payoff. There’s also a psychological element where the consumer is managing a complex set of uncertainties.”

    KPMG found that consumer spending on essentials such as groceries, automotive expenses and personal care have increased in 2025, though much less than last year. In discretionary categories such as toys, furniture and hobby supplies, people expect to spend less.

    As budgets get tight, more people plan on spending on themselves this holiday season, with many purchasing big ticket holiday travel costing more than $1,000.

    The top gifts people want to receive this holiday season? Cold hard cash — followed by gift cards and apparel — indicating that more people want flexibility to spend on things they like, according to KPMG.

    Consumer price inflation for Los Angeles increased 3.3% in August, compared with the same time last year. National consumer inflation stood at 2.9% for the same period, according to the U.S. Bureau of Labor Statistics.

    From toys to apparel, retailers have experienced varying levels of impact due to President Trump’s sweeping tariffs on much of the world this year.

    Many retailers have been absorbing the costs of tariffs imposed by the Trump administration but cannot hold off indefinitely.

    Rodrigo said price increases on goods have already started happening, with retailers being more strategic.

    “For now, consumers that are in the top 20% are probably driving 80% of the economic activity that is sustaining and maintaining the current state of the economy,” Rodrigo said. “But there is a larger population that is really hurting, and that is really concerned with their dollars right now.”

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  • Robots are helping fill online orders ahead of the holiday retail rush. Find out how it will impact jobs

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    With only three months until Christmas, companies are already planning for the holiday retail rush.

    When you go to buy online this holiday season, there’s a good chance a robot is helping to fulfill your order.

    The National Retail Federation reports online holiday sales are expected to grow up to 9% over last year. Major retailers including Walmart and Amazon, along with shipping carriers like UPS and FedEx, are investing in robotics.

    Amazon’s most advanced fulfillment center, called SHV1, is located in Shreveport, Louisiana. It’s more than 3 million square feet and one of the company’s largest facilities that utilizes nearly 1,000 robots at the center.

    “We have a number of different types of new robotics that we’re using to fulfill customer orders,” said Scott Dresser, Amazon’s vice president of robotics.

    Dresser explains the facility can run 24 hours a day.

    “The robots we designed to run all day long, if they need to,” he said. “Certainly as we come into our peak holiday season, which we’re already getting ready for, that’s something we think about a lot because we will have to run the building almost all day round.”

    How robots work in the facility

    When a customer orders a product, the robots get to work.

    Some move the item out of storage. Then, one of the 2,500 employees sorts it while another packs it before it travels along some of the nearly 15 miles of conveyor belts to get labeled.

    The robots have different functions to help move and lift the packages. For example, the robot Proteus hauls pallets and orders across the facility floor, while Cardinal lifts packages into pallets set for delivery.

    “Cardinal is lifting packages that weigh up to 50 pounds. … And then we can use Proteus to take the container over to the docks. So a lot of it’s less about performance, more about making sure that our employees are safe,” Dresser said.

    The final step is a human loading the packages onto a truck.

    Dresser said SHV1 is 25% more efficient compared to other fulfillment centers.

    “So if you’re ordering an order here in Shreveport right before Christmas and you need that by Christmas, robots are going to help make sure we get that product to you fast, safely and accurately to your doorstep,” he said.

    Impact on jobs

    Dresser said that while robots are replacing some jobs, they’re also creating new ones.

    “Every time we’re able to grow and expand the network, which robotics has enabled over the last decade, we’re able to add new jobs. … like our robotics maintenance engineers, people that we need in the operation now that we have these new robotics to help us run the building,” he said.

    While Amazon’s revenue has grown, its number of employees has held steady at around 1.5 million since 2022, according to the company’s quarterly reports.

    “I think the thing that we think of most when we’re deploying a new fulfillment operation or a new process in a fulfillment operation, is how are people and robots best going to be able to do that together?”

    Dresser added that Amazon is offering training for employees whose positions are being replaced and said those more advanced jobs pay better.

    When asked if those jobs could ever be replaced, Dresser said robots are always breaking down and need assistance — saying humans will be needed for those roles.

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  • Seasonal hiring could fall to lowest level since 2009, new analysis finds

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    Retailers around the U.S. are expected to sharply reduce the number of workers they add for the holidays, a shift from their usual seasonal hiring sprees to help cope with the annual crush of customers. 

    Outplacement firm Challenger, Gray and Christmas attributes the weak demand for extra workers this year to companies bearing the heavier costs from U.S. tariffs on foreign goods, as well as on rising inflation and their growing reliance on technology to improve efficiency. 

    The firm expects retail hiring fo the holidays to fall to its lowest level since 2009, when the economy was emerging from a recession caused by the global financial crisis. 

    “Seasonal employers are facing a confluence of factors this year: tariffs loom, inflationary pressures linger, and many companies continue to rely on automation and permanent staff instead of large waves of seasonal hires,” Andy Challenger, workplace expert and senior vice president of Challenger, Gray & Christmas, said in a statement.

    The weaker seasonal hiring forecast comes as the U.S. job market is faltering. Employers added only 22,000 jobs in August, falling far short of economists’ expectations.

    Inflation has also edged up in recent months. The Consumer Price Index, which in March had sunk to an annual rate of 2.3%, in August rose at a 2.9% pace from a year ago.

    In the last quarter of 2024, retailers added just over 543,000 seasonal workers, down roughly 4% compared to 2023. Companies are projected to add fewer than 500,000 jobs during the last three months of 2025, according to Challenger. Such a figure would mark the smallest seasonal gain in 16 years. 

    Challenger pointed to fewer seasonal hiring announcements than usual from retailers as a sign they plan to hire fewer workers for the holidays.

    “While we could see a late hiring push if holiday sales surprise to the upside, the cautious pace of announcements so far suggests that companies are not betting on a big seasonal surge. This year may be more about doing more with less,” Challenger said. 

    Tariffs are causing some consumers to pull back on spending, recent data shows. An August survey of consumers from the University of Michigan found that most U.S. adults plan to spend less on goods that see tariff-driven price hikes. Just 24% of consumers surveyed said they expected to spend as usual on items that rise substantially in price, according to the report.

    Tariffs have already driven up the cost of some categories of goods for U.S. consumers. For example, in August, audio equipment rose in price by 12% compared to one year earlier,  while the cost of household goods rose 10%, the latest Consumer Price Index report shows.

    “A wave of uncertainty is impacting not just retailers, but also consumers heading into the final quarter of the year. With hiring slowing across the board, Retailers may hire fewer workers themselves, while many of their shoppers slow spending,” Challenger added. 

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  • Americans plan to spend less this holiday season, survey shows

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    Americans are expected to rein in spending this holiday season by the most amount since the pandemic, as they continue to face pressure from high prices and tariffs.

    That’s according to a new survey released by accounting firm PwC on Wednesday, which predicts Americans this year will reduce holiday spending to $1,552 a person on average, which is 5% less than in 2024. That includes spending on gifts, travel, food and entertainment. 

    If the predictions come to pass, it would represent the most significant drop in holiday spending since 2020. While consumers are not cutting purchases entirely, they are getting smarter about how they stretch their dollars, according to Alison Furman, PwC’s consumer markets industry leader.

    “Inflation is kind of creeping in, and they’re seeing it affect their wallets,” Furman told CBS MoneyWatch. 

    For its report, PwC surveyed 4,000 Americans from Gen Zs to baby boomers over a two-week period from June to July, when tariff-related uncertainty was more pronounced. But any perceived changes in the economy over the next couple of months could alter consumers’ attitude toward spending.

    “Economic signals continue to shift and, between now and December, purchasing behavior could evolve in response,” the report states.

    The generation expected to tighten their spending the most is Gen Z. Respondents from this cohort, ages 17 to 28, said they expect to reduce their holiday budgets by 23% — more than any other generation in the study. That’s due in part to the tough job market facing young Americans, along with rising costs.

    Overall, 84% of consumers expect to cut back spending in general over the next six months, according to the report.

    A slowdown in spending could spell trouble for retailers who depend on holiday sales to shore up revenue toward the end of the year. Since 2019, holiday sales during the months of November and December have accounted for 19% of total retail revenue for the year, according to a National Retail Federation report

    Tariffs, high prices top of mind

    The projected pullback in consumer holiday spending underscores Americans’ shaky confidence in the state of the economy. Worries over inflation and tariffs have already led shoppers to be more judicious with their spending.

    Discretionary spending on categories like indoor and outdoor dining were down in August, according to the U.S. Conference Board’s latest consumer confidence index each month. Meanwhile, average 12-month inflation expectations among consumers increased to 6.2%, from 5.7% in July.

    Tighter spending

    PwC expects consumers to approach holiday shopping “more deliberately,” with an eye toward saving money, amid ongoing concerns over tariffs and high prices. 

    Furman said the potential for tariff-related price increases has already made the consumers “very conscious of trying to buy things at a discount.”Case in point: Internet searches for “discount” and “coupon code” have climbed by 11% over the past year, according to the survey.

    With deals in mind, consumers are expected to do a large portion, or 39%, of their total planned holiday gift spending, during the time between Thanksgiving and Cyber Monday, according to the PwC report. With heightened traffic expected during that five-day stretch, Furman advises shoppers to start looking early for popular items.

    “If you’re interested in very hot items, knowing that they’re going to likely be on shelves sooner, to guarantee that you’ll get them, you may want to shop for them in those early promotional cycles, versus wait until the five-day frenzy,” she said.

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  • A symbol of resilience and hope. White House Christmas tree chosen from North Carolina area hit hard by Hurricane Helene

    A symbol of resilience and hope. White House Christmas tree chosen from North Carolina area hit hard by Hurricane Helene

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    This year’s official White House Christmas tree comes from western North Carolina, one of the areas hardest hit by Hurricane Helene in late September.White House staff traveled to Cartner’s Christmas Tree Farm in Newland, Avery County, on Monday to select the 20-foot-tall Fraser fir that will decorate the Blue Room.It’s the second time in a row a tree from North Carolina has been selected for the White House, and the first from Cartner’s Christmas Tree Farm. The farm’s owner, Sam Cartner, said this is an achievement for all the tree farms in western North Carolina.”When it goes to the White House, it’s not about the politics; it’s about the people of this community,” he said.Avery County was one of the areas hardest hit by Hurricane Helene, considered to be among the deadliest hurricanes to strike the U.S. mainland in the last 50 years, CNN previously reported. At least 231 people were killed across six states.Cartner hopes their tree will be a symbol of resilience and resourcefulness for the people who demonstrated an “unbelievable sense of community, of generosity and giving” during Hurricane Helene.The farm lost between 5,000 and 6,000 Christmas trees from landslides, most of which were four feet tall or less and would have been market-ready in four years, Cartner said.Most of the farm’s roads and infrastructures damaged by the hurricane have been repaired and Cartner expects to have a “relatively normal harvest.””We are lucky that our farm is not in a river valley or close to a major river,” he said.Other farms in Avery County lost 8-foot-tall trees ready to be sold this holiday season, Cartner said. And some growers are still unable to access their farms, due to fallen trees and unstable roads.The North Carolina Department of Transportation says it is working closely with tree growers in the area to restore several connector roads and secondary routes still damaged from major slides and fallen trees.At this time, it is unclear when access to all the farms will be restored, according to a spokesperson for the Department of Transportation.The impact of Hurricane Helene on the Christmas tree industry was minimalAs North Carolina tree growers approach the start of the Christmas tree “cutting season,” which begins in two weeks, most believe they will be open for business, according to Jennifer Greene, executive director of the North Carolina Christmas Tree Association.”I think that it is awesome, it symbolizes hope, and it shows the perseverance and the strength of the communities and of our Christmas tree farms,” Greene said.North Carolina is the second-largest Christmas tree-producing state in the nation, and it harvests over 3 million Christmas trees annually, according to Greene.It is unclear how many Fraser firs were damaged in the hurricane.”There were some losses from larger trees due to landslides and mudslides but it’s minimal in comparison to our industry, in comparison to how many trees we have and how many we grow,” Greene said.Authorities believe they will have a better estimate of how many trees were lost to the hurricane after the Christmas season.”We do not expect the aftermath of Hurricane Helene to have a significant effect on the supply of real North Carolina Fraser fir Christmas trees this holiday season,” said Tim O’Connor, executive director of the association.”It will take some time to fully assess the extent and implications of damage to Christmas tree farms affected by the hurricane, but our farmers have weathered the storm and are ready to persevere,” he added.A ‘beauty contest’ for Christmas treesThe White House Christmas tree is selected at a contest hosted by the National Christmas Tree Association, the national trade association and advocacy organization for the farm-grown Christmas tree industry.”Every tree selected for the White House is the best tree among those that fit the criteria for height and width,” said O’Connor.The tree must be between 18-20 feet tall, and approximately 12 feet wide.The North Carolina Fraser fir is the most popular Christmas tree, and the state produces about 20% of all real Christmas trees, according to the North Carolina Christmas Tree Association.It’s the 16th time a North Carolina Fraser Fir has been selected for the White House, more than any other state in the nation, according to Greene.Growers spend years caring for and selecting their trees for the contest.”It is a subjective decision, essentially a beauty contest, reached by comparing the trees,” O’Connor said.To compete in the contest, tree growers first need to win their state or regional Christmas Tree Association contest.”Growers bring their tree entry to the national contest site from all over the country to be displayed for judging,” said O’Connor.Cartner’s Christmas Tree Farm was named the 2024 Grand Champion Grower.”With this award goes the honor of presenting a Christmas tree to the White House,” O’Connor said.The farm will cut, wrap and ship the Fraser Fir on November 20 at an event to raise money for hurricane survivors, Cartner said.It will arrive at the White House North Portico via jingle bell-bedecked horse and carriage and it will be inspected by the first lady – a tradition since 1966 – which usually marks the kickoff of the White House’s annual holiday festivities.The tree will be placed in the center of the White House Blue Room and decorated with a theme that will be unveiled after the Thanksgiving holiday.The tree will be presented at a formal ceremony at the White House on November 25.

    This year’s official White House Christmas tree comes from western North Carolina, one of the areas hardest hit by Hurricane Helene in late September.

    White House staff traveled to Cartner’s Christmas Tree Farm in Newland, Avery County, on Monday to select the 20-foot-tall Fraser fir that will decorate the Blue Room.

    It’s the second time in a row a tree from North Carolina has been selected for the White House, and the first from Cartner’s Christmas Tree Farm. The farm’s owner, Sam Cartner, said this is an achievement for all the tree farms in western North Carolina.

    “When it goes to the White House, it’s not about the politics; it’s about the people of this community,” he said.

    Avery County was one of the areas hardest hit by Hurricane Helene, considered to be among the deadliest hurricanes to strike the U.S. mainland in the last 50 years, CNN previously reported. At least 231 people were killed across six states.

    Cartner hopes their tree will be a symbol of resilience and resourcefulness for the people who demonstrated an “unbelievable sense of community, of generosity and giving” during Hurricane Helene.

    Courtesy Cartner’s Christmas Tree Farm via CNN Newsource

    David and Sam Cartner at the tree farm in 2013.

    The farm lost between 5,000 and 6,000 Christmas trees from landslides, most of which were four feet tall or less and would have been market-ready in four years, Cartner said.

    Most of the farm’s roads and infrastructures damaged by the hurricane have been repaired and Cartner expects to have a “relatively normal harvest.”

    “We are lucky that our farm is not in a river valley or close to a major river,” he said.

    Other farms in Avery County lost 8-foot-tall trees ready to be sold this holiday season, Cartner said. And some growers are still unable to access their farms, due to fallen trees and unstable roads.

    The North Carolina Department of Transportation says it is working closely with tree growers in the area to restore several connector roads and secondary routes still damaged from major slides and fallen trees.

    At this time, it is unclear when access to all the farms will be restored, according to a spokesperson for the Department of Transportation.

    The impact of Hurricane Helene on the Christmas tree industry was minimal

    As North Carolina tree growers approach the start of the Christmas tree “cutting season,” which begins in two weeks, most believe they will be open for business, according to Jennifer Greene, executive director of the North Carolina Christmas Tree Association.

    “I think that it is awesome, it symbolizes hope, and it shows the perseverance and the strength of the communities and of our Christmas tree farms,” Greene said.

    North Carolina is the second-largest Christmas tree-producing state in the nation, and it harvests over 3 million Christmas trees annually, according to Greene.

    It is unclear how many Fraser firs were damaged in the hurricane.

    “There were some losses from larger trees due to landslides and mudslides but it’s minimal in comparison to our industry, in comparison to how many trees we have and how many we grow,” Greene said.

    Authorities believe they will have a better estimate of how many trees were lost to the hurricane after the Christmas season.

    “We do not expect the aftermath of Hurricane Helene to have a significant effect on the supply of real North Carolina Fraser fir Christmas trees this holiday season,” said Tim O’Connor, executive director of the association.

    “It will take some time to fully assess the extent and implications of damage to Christmas tree farms affected by the hurricane, but our farmers have weathered the storm and are ready to persevere,” he added.

    A ‘beauty contest’ for Christmas trees

    The White House Christmas tree is selected at a contest hosted by the National Christmas Tree Association, the national trade association and advocacy organization for the farm-grown Christmas tree industry.

    “Every tree selected for the White House is the best tree among those that fit the criteria for height and width,” said O’Connor.

    The tree must be between 18-20 feet tall, and approximately 12 feet wide.

    The North Carolina Fraser fir is the most popular Christmas tree, and the state produces about 20% of all real Christmas trees, according to the North Carolina Christmas Tree Association.

    It’s the 16th time a North Carolina Fraser Fir has been selected for the White House, more than any other state in the nation, according to Greene.

    Growers spend years caring for and selecting their trees for the contest.

    “It is a subjective decision, essentially a beauty contest, reached by comparing the trees,” O’Connor said.

    To compete in the contest, tree growers first need to win their state or regional Christmas Tree Association contest.

    “Growers bring their tree entry to the national contest site from all over the country to be displayed for judging,” said O’Connor.

    Cartner’s Christmas Tree Farm was named the 2024 Grand Champion Grower.

    “With this award goes the honor of presenting a Christmas tree to the White House,” O’Connor said.

    The farm will cut, wrap and ship the Fraser Fir on November 20 at an event to raise money for hurricane survivors, Cartner said.

    It will arrive at the White House North Portico via jingle bell-bedecked horse and carriage and it will be inspected by the first lady – a tradition since 1966 – which usually marks the kickoff of the White House’s annual holiday festivities.

    The tree will be placed in the center of the White House Blue Room and decorated with a theme that will be unveiled after the Thanksgiving holiday.

    The tree will be presented at a formal ceremony at the White House on November 25.

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  • Holiday spending tips to avoid impulse buys and stay on budget

    Holiday spending tips to avoid impulse buys and stay on budget

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    Holiday spending tips to avoid impulse buys and stay on budget – CBS News


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    A recent study reveals Gen Z and Millennials are most likely to make impulse buys during the holidays than Gen X and Baby Boomers. Jill Schlesinger joins “CBS Mornings Plus” with tips to make smarter spending decisions as gift-giving season nears.

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  • Early deals for holiday shopping

    Early deals for holiday shopping

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    Early deals for holiday shopping – CBS News


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    Major retailers are offering early deals for your holiday shopping, even before Halloween arrives. Consumers are expected to spend more than $240 billion online this holiday season, which is up 8% from last year. CBS News’ Nancy Chen breaks down the bargains you can find at places like Amazon, Target and Walmart+.

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  • New Orleans landlord gifts tenants 1 month of free rent

    New Orleans landlord gifts tenants 1 month of free rent

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    New Orleans landlord gifts tenants 1 month of free rent – CBS News


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    A landlord in New Orleans gave all her tenants a free month of rent this December to help make the holidays a little easier. Omar Villafranca has the story.

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  • Americans opened their wallets for holiday spending, defying fears of a pullback

    Americans opened their wallets for holiday spending, defying fears of a pullback

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    Shoppers weren’t entirely tight fisted during the holiday season, despite the ongoing pressure of inflation on household budgets.

    U.S. retail sales grew 3.1% this holiday season, according to a Mastercard poll that tracks in-store and online retail sales. Spending on restaurants increased 7.8% from last year, while apparel and grocery-related purchases were up 2.4% and 2.1%, respectively, according to Mastercard. 

    Robust consumer spending bodes well for the economy’s present and future, according to Goldman Sachs. 

    “We continue to see consumer spending as a source of strength in the economy and forecast above-consensus real spending growth of 2.7% in 2023 and 2.0% in 2024 in Q4/Q4 terms,” economists with the investment bank said in a mid-December report.

    Consumers proved more willing to shell out on online purchases compared to in-store purchases, with online sales growing 6.3% this holiday season versus a  2.2% increase in sales at brick-and-mortar stores, Mastercard’s data shows. 

    But not all retailers profited from shoppers’ open wallets.

    Pockets of worry

    Consumers spent 0.4% less on electronics and 2.0% less on jewelry compared to the 2022 holiday season, as price-conscious consumers cautiously embraced seasonal sales, Mastercard’s data shows.  

    For many consumers, increased spending over the holidays may also bring more debt. About 2 in 3 Americans say their household expenses have risen over the last year, with only about 1 in 4 saying their income had increased in the same period, according to an October poll from The Associated Press-NORC Center for Public Affairs Research.

    The strong holiday shopping turnout reinforces the likelihood the Fed will achieve its goal of so-called soft landing, some analysts say. Even so, some forecasters predict that consumer spending could peter out later next year.

    “PNC expects a decline in consumer spending in the second half of 2024 as the U.S. economy enters into a mild recession,” PNC analysts said in a research note. “High interest rates and modest job losses will cause households to turn more cautious. However, there’s still about a 45% probability that the U.S. economy avoids recession and consumer spending growth slows, but does not outright decline.”

    The Mastercard SpendingPulse excluded automotive purchases.

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  • King Charles gives 2nd Christmas speech in front of Buckingham Palace's first live tree, soon to be replanted elsewhere

    King Charles gives 2nd Christmas speech in front of Buckingham Palace's first live tree, soon to be replanted elsewhere

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    In a prerecorded video shot with him standing beside a Christmas tree in Buckingham Palace, the king spoke of the message of Jesus’ life in serving those less fortunate as he honored the “selfless army” that forms the “backbone of our society” helping others.

    “My heart has been warmed by countless examples of the imaginative ways in which people are caring for one another, going the extra mile to help those around them simply because they know it is the right thing to do,” he said.

    It was the king’s second Christmas speech since he ascended the throne after his mother, Queen Elizabeth II, died in September 2022, but the first since his coronation in May when he was officially crowned in a medieval ceremony rich in pageantry and pomp.

    Charles, who has long campaigned for environmental causes and recently told foreign leaders at the COP28 Climate Meeting that achieving climate goals remain “dreadfully far off track,” said he was encouraged to see awareness growing of the need to protect the earth.

    “To care for this creation is the responsibility owned by people of all faiths and of none,” he said. “We care for the earth for the sake of our children’s children.”

    In his own gesture towards sustainability, the evergreen next to him was bedecked in natural decorations made from wood, dried oranges, pinecones and paper. The tree, the first live one at the palace, was to be replanted after the holidays.

    As Charles spoke, video showed highlights from his past year, including helping plant a tree during a trip to Kenya — his first state visit as monarch with Queen Camilla to a Commonwealth country.

    It also featured footage from the coronation in which he declared, “I come not to be served but to serve.” Another clip showed his eldest son, Prince William, heir to the throne, along with his wife, Kate, the princess of Wales, and their three children carrying out that mission by helping to rebuild a Scout hut during a day of service that followed the coronation.

    His estranged son, Prince Harry, who left the ranks of the senior royals when he moved to the U.S. in 2020 with this wife, Meghan, wasn’t shown in the video. Harry, who showed up alone at the coronation and was seated in the third row, inflamed tensions with his best-selling memoir, “Spare,” published early in the year that accused his brother of beating him up.

    At a time of “increasingly tragic conflict around the world,” a reference to wars in Ukraine and between Israel and Hamas, Charles invoked the words of Christ to “do unto others as you would have them do to you.”

    “They remind us to imagine ourselves in the shoes of our neighbors and to seek their good as we would our own,” he said. “My heart and my thanks go to all who are serving one another, all who are caring for our common home and all who see and seek the good of others, not least the friend we do not yet know.”

    Subscribe to the new Fortune CEO Weekly Europe newsletter to get corner office insights on the biggest business stories in Europe. Sign up for free.

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    The Associated Press

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  • Florida town of Christmas maintains year-round holiday spirit

    Florida town of Christmas maintains year-round holiday spirit

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    Florida town of Christmas maintains year-round holiday spirit – CBS News


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    The post office for the town of Christmas, Florida, keeps its Christmas decorations up year-round, but it’s during the holidays when it sees the most visitors. Cristian Benavides has more.

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  • “Super Saturday” brings out droves of Christmas shoppers

    “Super Saturday” brings out droves of Christmas shoppers

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    “Super Saturday” brings out droves of Christmas shoppers – CBS News


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    Shoppers were expected to turn out in huge numbers for the last Saturday before Christmas, known to retailers as “Super Saturday.” The National Retail Federation predicts 16 million more people will shop today than on the same day in 2017, the last time Christmas fell on a Monday. Astrid Martinez has more.

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  • U.S. airports seeing smooth holiday travel season so far

    U.S. airports seeing smooth holiday travel season so far

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    U.S. airports seeing smooth holiday travel season so far – CBS News


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    Despite stormy weather in some regions of the U.S., air travel has largely been on the nice list so far this holiday season, with airlines seeing fewer delays and cancellations than last year. Kris Van Cleave reports.

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  • Most Americans trying to stay within their means as they buy gifts this holiday season — CBS News poll

    Most Americans trying to stay within their means as they buy gifts this holiday season — CBS News poll

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    With many people across the country concerned about inflation, Americans say they’re spending within their means this holiday season. Very few are planning to go into debt to spend, and most are spending what they feel they can afford. And so, to keep spending in line, many won’t be buying more gifts than they have in previous years.

    Just one in five say they’ll buy more gifts for others this holiday season, compared to recent past years, and this is true even among higher-income earners and those who say they can afford to live comfortably. In contrast, more than a third say they will buy fewer gifts. A plurality won’t change their gift-buying habits either way.

    And they won’t be buying more things for themselves, either. Nearly half say they will be buying fewer gifts for themselves this season, as well as cutting back on other items. Similar percentages will be buying fewer airline and travel tickets, fewer entertainment tickets or events, and fewer food and drink items. Not surprisingly, this is particularly true of lower-income Americans and those struggling to make ends meet.

    buying-more-gifts.png

    However, it may be a tale of extremes, depending on Americans’ financial situation.

    For those struggling financially, many will forgo buying gifts entirely. Over four in 10 who say they can’t afford to make ends meet won’t be buying any gifts, a much larger percentage than those whose financial situation is better, those who can afford to save money or have a little left over for extras.

    notbuyinggifts.png


    This CBS News/YouGov survey was conducted with a nationally representative sample of 2,182 U.S. adult residents interviewed between December 4-7, 2023. The sample was weighted according to gender, age, race, and education based on the U.S. Census American Community Survey and Current Population Survey, as well as past vote. The margin of error is ±2.8 points.

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  • 12/21: Prime Time with John Dickerson

    12/21: Prime Time with John Dickerson

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    12/21: Prime Time with John Dickerson – CBS News


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    John Dickerson reports on a mass shooting in Prague, flood watches in California and Arizona, and the holiday travel rush ramping up.

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  • Are Your Christian Holidays Excluding Your Staff? DEI Expert Reveals How We Can Equitably Handle Time Off For The Company. | Entrepreneur

    Are Your Christian Holidays Excluding Your Staff? DEI Expert Reveals How We Can Equitably Handle Time Off For The Company. | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    It’s that time of the year again when “Let’s circle back in the new year” is the recurring mantra around the office while employees schedule their much-needed time off. If you’re responsible for approving requests for paid time off, you may have seen some interesting dates — some that don’t seem to align with Christmas and other Christian holidays. You may have encountered requests around the three other December holidays that aren’t Christian-centric and that HR and hiring managers often overlook.

    Before you hit “deny” on that PTO request, make sure you aren’t saying no to someone’s religious holiday needs. There are three religious and cultural holidays in December that may have slipped your mind. Here’s how to stay on top of your employees’ requests for holiday time off and keep your business afloat at the same time.

    Brush up on Hanukkah, Kwanzaa and Bodhi Day

    Although 63% of Americans identify as Christian, that leaves 37% who don’t — many of these people celebrate religious holidays and periods that aren’t Christianity-centric and here are three that you should be aware of.

    Hanukkah

    This Jewish holiday period begins this year on Thursday, December 7, 2023, and runs through Friday, December 15, 2023. For several days, different themes are celebrated, candles are lit on the menorah, there’s daily reading of Scripture, recitation of some of the Psalms, and singing of special hymns. All of which take time off and dedication to fully enjoy. If you have Jewish employees at your company, be sure to respect their needs for family and tradition during this period.

    Kwanzaa

    Kwanzaa is a pan-African holiday that started in the United States in the 1960s. This holiday period begins this year on Tuesday, December 26, and ends on Monday, January 1, 2024. It includes celebrating a different value every day during that period, wearing symbolic colors, reciting sayings from great black thinkers, African drumming and sharing a meal from the African diaspora. Be sure to honor the paid time off requests of those who celebrate Kwanzaa.

    Bodhi Day

    Bodhi Day is a Buddhist holiday that occurs this year on Friday, December 8, 2023. Bodhi Day commemorates the day of Buddha’s enlightenment. It involves lots of prayer and meditation, reading scriptures, decorating trees with colorful lights, and having meals with family. Be sure to respect those who ask for this day off in 2024 and beyond.

    Ask what employees need

    Sometimes, employees submit PTO requests and don’t give context or explanations of their religious or cultural holiday needs. If you, an HR professional, or a manager have a good relationship with someone who is a religious minority, be sure to start a conversation about what that person needs this holiday season.

    Some employees want time off to pray; others want time off to travel to faraway places to celebrate with loved ones, while others would appreciate an office party to commemorate the period. However, employees choose to celebrate and practice compassion, understanding, and strategic planning to honor their religious needs while keeping business running as usual.

    Create staggered time off schedules around religious holidays

    If you have Buddhist employees who want Bodhi Day off or employees who celebrate Kwanzaa towards the end of December, you can artfully create staggered schedules that honor cultural holidays while keeping the company employee roster organized.

    Ask employees to submit their PTO requests at least one month in advance to give managers and directors time to strategize. That way, employees have time to hear back about their requests, and managers can ensure no balls are dropped while coordinating coverage. This is good practice in general but especially important during the holiday season.

    Final thoughts

    For those of us in the United States, living in a Christian-centric society means that many of us might forget that not everyone celebrates Christmas. The holiday season is full of festivities that span beyond Christianity and should be respected and honored in a similar fashion.

    For those in charge of managing paid time off, be sure to be mindful of what non-Christian holidays are occurring, which employees celebrate certain holidays, and how to keep business going through the holiday season. Your workforce and their families will thank you.

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    Nika White

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  • Houston children’s hospital offers patients holiday magic beyond the medicine

    Houston children’s hospital offers patients holiday magic beyond the medicine

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    Children’s hospital offers patients holiday magic


    Houston children’s hospital offers patients holiday magic beyond the medicine

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    Houston — Eight-year-old William Wilson will spend Christmas in a hospital room fighting a blood disorder.

    Surrounded by machines and tubes is not what a child dreams of for the holidays.

    But at Houston’s Texas Children’s Hospital, there’s a magic beyond the medicine, as decorations help transform the hospital’s 16th floor into what looks more like a high-end holiday store.

    Houston children's hospital offers patients holiday magic beyond the medicine
    Themed Christmas trees at Texas Children’s Hospital in Houston. December 2023. 

    CBS News


    There’s a Barbie-themed tree, a railroad-themed tree, a Houston Astros-themed tree, a Yoda tree and sweet treats-themed tree.

     “It’s so pretty,” patient Marixsa Elizondo said. “It’s so beautiful and colorful!”

    Houston children's hospital offers patients holiday magic beyond the medicine
     

    CBS News


    Each child can choose one special theme for their room, decorated by people who won’t even meet them.

    1220-en-shamlian3.png

    CBS news


    Wilson went with a Hot Wheels theme.

    “I love it,” Wilson said.

    Much more than a Christmas tree, it’s the stability of tradition at an uncertain time.

    Houston children's hospital offers patients holiday magic beyond the medicine

    CBS News


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  • Winter Illness This Year Is a Different Kind of Ugly

    Winter Illness This Year Is a Different Kind of Ugly

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    Earlier this month, Taison Bell walked into the intensive-care unit at UVA Health and discovered that half of the patients under his care could no longer breathe on their own. All of them had been put on ventilators or high-flow oxygen. “It was early 2022 the last time I saw that,” Bell, an infectious-disease and critical-care physician at the hospital, told me—right around the time that the original Omicron variant was ripping through the region and shattering COVID-case records. This time, though, the coronavirus, flu, and RSV were coming together to fill UVA’s wards—“all at the same time,” Bell said.

    Since COVID’s arrival, experts have been fearfully predicting a winter worst: three respiratory-virus epidemics washing over the U.S. at once. Last year, those fears didn’t really play out, Sam Scarpino, an infectious-disease modeler at Northeastern University, told me. But this year, “we’re set up for that to happen,” as RSV, flu, and COVID threaten to crest in near synchrony. The situation is looking grim enough that the CDC released an urgent call last Thursday for more vaccination for all three pathogens—the first time it has struck such a note on seasonal immunizations since the pandemic began.

    Nationwide, health-care systems aren’t yet in crisis mode. Barring an unexpected twist in viral evolution, a repeat of that first terrible Omicron winter seems highly unlikely. Nor is the U.S. necessarily fated for an encore of last year’s horrors, when enormous, early waves of RSV, then flu, slammed the country, filling pediatric emergency departments and ICUs past capacity, to the point where some hospitals began to pitch temporary tents outside to accommodate overflow. On the contrary, more so than any other year since SARS-CoV-2 appeared, our usual respiratory viruses “seem to be kind of getting back to their old patterns” with regard to timing and magnitude, Kathryn Edwards, a vaccine and infectious-disease expert at Vanderbilt University, told me.

    But even so-so seasons of RSV, flu, and SARS-CoV-2 could create catastrophe if piled on top of one another. “It really doesn’t take much for any of these three viruses to tip the scale and strain hospitals,” Debra Houry, the CDC’s chief medical officer, told me. It also—in theory—shouldn’t take much to waylay the potential health-care crisis ahead. For the first time in history, the U.S. is offering vaccines against flu, COVID, and RSV: “We have three opportunities to prevent three different viral infections,” Grace Lee, a pediatrician at Stanford, told me. And yet, Americans have all but ignored the shots being offered to them.

    So far, flu-shot uptake is undershooting last year’s rate. According to recent polls, as many as half of surveyed Americans probably or definitely aren’t planning to get this year’s updated COVID-19 vaccine. RSV shots, approved for older adults in May and for pregnant people in August, have been struggling to get a foothold at all. Distributed to everyone eligible to receive them, this trifecta of shots could keep as many as hundreds of thousands of Americans out of emergency departments and ICUs this year. But that won’t happen if people continue to shirk protection. The specific tragedy of this coming winter will be that any suffering was that much more avoidable.

    Much of the agony of last year’s respiratory season can be chalked up to a terrible combination of timing and intensity. A wave of RSV hit the nation early and hard, peaking in November and leaving hospitals no time to recover before flu—also ahead of schedule—soared toward a December maximum. Children bore the brunt of these onslaughts, after spending years protected from respiratory infections by pandemic mitigations. “When masks came down, infections went up,” Lee told me. Babies and toddlers were falling seriously sick with their first respiratory illnesses—but so were plenty of older kids who had skipped the typical infections of infancy. With the health-care workforce still burnt out and substantially pared down from a pandemic exodus, hospitals ended up overwhelmed. “We just did not have enough capacity to take care of the kids we wanted to be able to take care of,” Lee said. Providers triaged cases over the phone; parents spent hours cradling their sick kids in packed waiting rooms.

    And yet, one of the biggest fears about last year’s season didn’t unfold: waves of RSV, flu, and COVID cresting all at once. COVID’s winter peak didn’t come until January, after RSV and flu had substantially died down. Now, though, RSV is hovering around the high it has maintained for weeks, COVID hospitalizations have been on a slow but steady rise, and influenza, after simmering in near-total quietude, seems to be “really taking off,” Scarpino told me. None of the three viruses has yet approached last season’s highs. But a confluence of all of them would be more than many hospitals could take. Across the country, many emergency departments and ICUs are nearing or at capacity. “We’re treading water okay right now,” Sallie Permar, the chief pediatrician at Weill Cornell Medical Center and NewYork-Presbyterian Hospital, told me. “Add much more, and we’re thrown into a similar situation as last year.”

    That forecast isn’t certain. RSV, which has been dancing around a national peak, could start quickly declining; flu could take its time to reach an apex. COVID, too, remains a wild card: It has not yet settled into a predictable pattern of ebb and flow, and won’t necessarily maintain or exceed its current pace. This season may still be calmer than last, and impacts of these diseases similarly, or even more, spaced out.

    But several experts told me that they think substantial overlap in the coming weeks is a likely scenario. Timing is ripe for spread, with the holiday season in full swing and people rushing through travel hubs on the way to family gatherings. Masking and testing rates remain low, and many people are back to shrugging off symptoms, heading to work or school or social events while potentially still infectious. Nor do the viruses themselves seem to be cutting us a break. Last year’s flu season, for instance, was mostly dominated by a single strain, H3N2. This year, multiple flu strains of different types appear to be on a concomitant rise, making it that much more likely that people will catch some version of the virus, or even multiple versions in quick succession. The health-care workforce is, in many ways, in better shape this year. Staffing shortages aren’t quite as dire, Permar told me, and many experts are better prepared to deal with multiple viruses at once, especially in pediatric care. Kids are also more experienced with these bugs than they were this time last year. But masking is no longer as consistent a fixture in health-care settings as it was even at the start of 2023. And should RSV, flu, and COVID flood communities simultaneously, new issues—including co-infections, which remain poorly understood—could arise. (Other respiratory illnesses are still circulating too.) There’s a lot experts just can’t anticipate: We simply haven’t yet had a year when these three viruses have truly inundated us at once.

    Vaccines, of course, would temper some of the trouble—which is part of the reason the CDC issued its clarion call, Houry told me. But Americans don’t seem terribly interested in getting the shots they’re eligible for. Flu-shot uptake is down across all age groups compared with last year—even among older adults and pregnant people, who are at especially high risk. And although COVID vaccination is bumping along at a comparable pace to 2022, the rates remain “atrocious,” Bell told me, especially among children. RSV vaccines have reached just 17 percent of the population over the age of 60. Among pregnant people, the other group eligible for the vaccines, uptake has been stymied by delays and confusion over whether they qualify. Some of Permar’s pregnant physician colleagues have been turned away from pharmacies, she told me, or been told their shots might not be covered by insurance. “And then some of those same parents have babies who end up in the hospital with RSV,” she said. Infants were also supposed to be able to get a passive form of immunity from monoclonal antibodies. But those drugs have been scarce nationwide, forcing providers to restrict their use to babies at highest risk—yet another way in which actual protection against respiratory disease has fallen short of potential. “There was a lot of excitement and hope that the monoclonal was going to be the answer and that everybody could get it,” Edwards told me. “But then it became very apparent that this just functionally wasn’t going to be able to happen.”

    Last year, at least some of the respiratory-virus misery had become inevitable: After the U.S. dropped pandemic mitigations, pathogens were fated to come roaring back. The early arrivals of RSV and flu (especially on the heels of an intense summer surge of enterovirus and rhinovirus) also left little time for people to prepare. And of course, RSV vaccines weren’t yet around. This year, though, timing has been kinder, immunity stronger, and our arsenal of tools better supplied. High uptake of shots would undoubtedly lower rates of severe disease and curb community spread; it would preserve hospital capacity, and make schools and workplaces and travel hubs safer to move through. Waves of illness would peak lower and contract faster. Some might never unfold at all.

    But so far, we’re collectively squandering our chance to shore up our defense. “It’s like we’re rushing into battle without armor,” Bell told me, even though local officials have been begging people to ready themselves for months. Which all makes this year feel terrible in a different kind of way. Whatever happens in the coming weeks and months will be a worse version of what it could have been—a season of opportunities missed.

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    Katherine J. Wu

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