Business Week: Inflation, Billionaires in Space and Other

Whats up? (11-17 July) Inflation at a High Level The government reported a significant measure of inflation in June. climbed the fastest pace in 13 yearscasts doubt on the White House’s claim that post-pandemic price increases are “temporary.” The rise in inflation is clearly linked to the rapid reopening of the economy, which creates supply …

2 Sinkholes a Week Signals Weaknesses in NYC’s Aging

According to Terry West, an emeritus professor of engineering geology at Purdue University, urban sinkholes usually begin when the sand and gravel under the pavement erodes due to an underground seepage. As the soil crumbles, a chasm grows under the road until the pavement collapses. Professor West said the process often takes years, but severe …

10 New Books We Recommend This Week

OUTLIER: The Unfinished Presidency of Jimmy Carter, by Kai Bird. (Crown, $38.) Bird argues that the Carter presidency deserves another perspective because, along with numerous forward-thinking achievements, it is now far more important than most Americans believe. Timothy Naftali, in his review, called Bird’s biography an important book that “explains why American presidents continue to …