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NYTIMES (Chico Harlan, Zia ur-Rehman and Asim Hafeez) - A Side Effect of the Iran War: Electric Motorcycles Are Soaring

With gas prices high, people in developing countries are racing to buy battery-powered bikes. The Iran war has made Trump “salesman of the year,” one executive in Pakistan said.

Keywordselectric-motorcyclespakistaniran-wargas-pricesenergy-transitionbattery-powerdeveloping-countrieseconomic-impacttrumpinflationtransportationsustainable-mobilitymarket-trendsclimate-changefuel-costssouth-asia

NYTIMES (Mark Arsenault) - University of Michigan Will Ease Up on Grades for Student Mental Health

The university will make first-semester grades pass or fail, to encourage students to explore different classes and lessen fears that “a low grade may have long-term consequences.”

Keywordsuniversity-of-michiganhigher-educationstudent-mental-healthpass-failacademic-standardscollege-lifegradesfreshmenacademic-pressurecampus-newseducation-policymental-health-awarenessstudent-wellnessacademic-freedom

AXIOS (Courtenay Brown) - U.S. economy's K-shaped gap narrows

For years, America's economy has been defined by a "K-shaped" gap: The rich kept spending at a rapid pace, while everyone else struggled to keep up. - That divide is suddenly narrowing. Why it matters: Economists warned that consumer spending growth was increasingly reliant on wealthy Americans, leaving the economy vulnerable to a stock market downturn or any other wealth shock. - Importantly, the "K" appears to be closing from the bottom up, meaning that lower- and middle-income Americans are catching up, rather than affluent households pulling back. - That could put consumer spending on a more resilient footing. Zoom in: Bank of America is calling it the "great convergence." - The bank's data shows spending and wage growth among its…

For years, America's economy has been defined by a "K-shaped" gap: The rich kept spending at a rapid pace, while everyone else struggled to keep up. - That divide is suddenly narrowing. Why it matters: Economists warned that consumer spending growth was increasingly reliant on wealthy Americans, leaving the economy vulnerable to a stock market downturn or any other wealth shock. - Importantly, the "K" appears to be closing from the bottom up, meaning that lower- and middle-income Americans are catching up, rather than affluent households pulling back. - That could put consumer spending on a more resilient footing. Zoom in: Bank of America is calling it the "great convergence." - The bank's data shows spending and wage growth among its…Open

Keywordsus-economyk-shaped-recoveryconsumer-spendingwealth-gapincome-inequalitywage-growthmiddle-classlower-incomeeconomic-trendsgreat-convergencelabor-marketbank-of-americajpmorgan-chasepncwhite-housetreasury-departmentscott-bessenteconomic-sentimentinflationpurchasing-poweramerican-lifefinancial-stabilitymacroeconomicsincome-disparity