The Devil Wears Prada Index, SNAP, and flight cancellations
Summary
This episode of The Indicator covers three economic stories: airlines canceling flights due to surging fuel costs from geopolitical conflict, leading to potential "demand destruction"; a sharp drop in SNAP participation following new federal work requirements; and the rising resale value of luxury items from The Devil Wears Prada, which now outpaces wage growth for similar roles.
Topics discussed
Intro: Indicators of the Week and topics preview
Sponsors: Capella University and Vanguard
Lufthansa cancels 20k flights due to fuel prices
SNAP participation drops by 2.5 million
The Devil Wears Prada sequel and fashion inflation
Outro and production credits
Sponsors: Shopify and Charles Schwab
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