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economy class
Trends
- 1Fears grow that rapid Fed rate hikes will break something●Is the US # economy in trouble? History shows financial calamities occur when rates rise rapidly like this: 'Something a
Investors and commentators are warning that the US economy may face a financial crisis because interest rates are rising at an unusually rapid pace. Historical analysis cited in the debate argues that 'something always breaks' when rates climb this quickly, pointing to past calamities triggered by aggressive tightening. The discussion is fuelling concern about what institution, market or asset class might come under strain next.
- 2How air travel changed: no smoking, no free meals●No more smoking sections or free meals in economy. How flying has changed
Flying has transformed dramatically over recent decades: smoking sections on planes were phased out after health concerns and regulations, while complimentary meals in economy class have largely disappeared as airlines cut costs. What was once a relatively luxurious experience for ordinary passengers has become a more stripped-down service, with many airlines now charging extra for food, baggage and seat selection.