Moving and Retirement
Economic Research, Federal Reserve Bank of St. Louis: Shift in Confidence and Fear Could Prevent Consumers From Rebounding to Their Investment and Spending Habits
"The negative economic effects of the pandemic come from two sources: capital obsolescence and belief scarring. The pandemic and lockdowns forced consumers to work and consume differently, which can generate persistent changes in tastes and habits for years to come. Capital obsolescence reflects this long-lasting change in the economic value of installed capital. For example, in the post-pandemic world there might be more online shopping instead of in-store purchases. Hence, some installed capital, for example, commercial real estate such as shopping malls, could become obsolete." more »
Ferida Wolff's Backyard: Focusing on Nature is a Way to Step Out of Daily Worries, Be Lifted by Its Beauty or Delightfully Surprised by An Unusual Encounter
Ferida Wolff writes: What used to be in the background of our busy lives has come to be more prominent in our awareness as we become more locally aware. Focusing on nature is a way to step out of our daily worries and be lifted by its beauty or be delightfully surprised by an unusual encounter. I think of it as a gift that opens me up to a wider perspective. It made me also think of people who have passed away, especially now when so many have died from the corona virus. They may be virtually gone but they, too, have left roots in our society. Some of those roots can still be seen, biologically visible in relatives. But it is the impact they have made through their work and interactions in society that are the hidden roots, the connections that affect all of us. more »
‘Awe Walks’ Boost Emotional Well-Being: Broader Smiles in Participants’ Selfies Made Shift in Perspective Visible
In the study older adults who took weekly 15-minute “awe walks” for eight weeks reported increased positive emotions and less distress in their daily lives. This shift was reflected in “selfies” participants took on their weekly walks, in which an increasing focus on their surroundings rather than themselves was paralleled by measurably broader smiles by the end of the study. “Negative emotions, particularly loneliness, have well-documented negative effects on the health of older adults, particularly those over age 75,” said Virginia Sturm, PhD, an associate professor of in the departments of Neurology and of Psychiatry and Behavioral Sciences. more »
National Museum of American History: Even Though the Room Is Full, They Are “The Only One in the Room”
The Smithsonian’s National Museum of American History will feature eight such women in its new display, “The Only One in the Room,” which opened on Nov. 20. This “New Perspectives” case will be on view in the museum’s business history exhibition, “National Museum of American History: Even Though the Room Is Full, They Are “The Only One in the Room”” through November 2021. Spanning three centuries of American history, the display will explore the stories of women who made a mark in their respective industries, including banking, beauty, advertising and manufacturing, and examine the obstacles they faced and the context of the times in which they lived. more »