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....
To continue reading:
or
Log-In
