Business: Manifold Effects of Hard Times

Like especially insidious strains of virus, recession and inflation are spreading their contagion into areas of American life that most people rarely think of as part of the economy: ballet, sports, even religion. All involve the exchange of money for goods and services of a sort, and so all are feeling the effects of hard times—though in widely varying patterns of immunity and susceptibility to infection. Among the stricken:

CITY SERVICES. As tax revenues shrink and inflation drives up costs, cities throughout the U.S. are biting into budgets and cutting back on services....

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