National/regional news and analysis

Why do so many American workers feel guilty about taking the vacation they’ve earned?

The U.S. is the only advanced economy that doesn't legally mandate a minimum number of vacation days. Comstock Images/Stockbyte via Getty Images“My dedication was questioned.”

“Managers or upper management have looked down upon taking time off.”

“People think that maybe you’re not as invested in the job, that you’re shirking your duties or something.”

3 basic ingredients, a million possibilities: How small pizzerias succeed with uniqueness in an age of chain restaurants

Variety is the sauce of life. Suzanne Kreiter/Boston Globe via Getty ImagesAt its heart, pizza is deceptively simple. Made from just a few humble ingredients – baked dough, tangy sauce, melted cheese and maybe a few toppings – it might seem like a perfect candidate for the kind of mass-produced standardization that defines many global food chains, where predictable menus reign supreme.

Brazil now forecast to see double-digit inflation

Headline inflation has increased markedly across both advanced and emerging market (EM) economies this year ending up much higher than we forecast six months ago. Consumer price inflation is expected to remain elevated until at least the second quarter of 2022 as ongoing supply chain disruptions, higher energy prices, and stronger-than-expected demand in countries such as the US provide additional impetus to already buoyant goods prices. Nowhere is this clearer than in Brazil, where annual inflation rose to 10.67 per cent in October, the highest rate since January 2016.

Worrying about the US inflation outlook

In October 2021, the US 12-month CPI inflation rate reached its highest level in the US since 1990, 6.2 per cent year-on-year. Pent-up demand and higher energy prices have been a major factor in the increase but supply chain shortages and increases in other commodity prices also explain more recent increases (see Sanchez Juanino, Macchiarelli and Naisbitt, 2021).

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