One of the less obvious outcomes of the Great Blizzard of 1888 was that, by the following year, crowds of New Yorkers were following workers around yelling “timber!” as they chopped down wooden utility poles. The ferocious winter storm pushed the city to get serious about burying the growing network of power and telegraph lines strung over its streets. Climate ...

In his address at the annual Jackson Hole economic conference, Federal Reserve Chairman Jerome Powell offered a finely calibrated message that I think is worth amplification: The Fed wants to do everything it can to restore jobs lost during the pandemic, but that doesn’t mean it’s not taking the risk of inflation seriously. As I interpret his remarks, Powell remains ...

Bloomberg European airlines hoping to extend the holiday season are running up against the start of the school year that’s denting family bookings, while the spread of the delta variant of Covid-19 prompts new travel curbs. Carriers including Ryanair Holdings Plc are keeping prices low to prolong leisure demand through October. The airline is also beefing up winter timetables in ...