Author: staff

Allen Yonghoon Kim, a savory sous chef, works in the kitchen at Gotham restaurant on Tuesday, Dec. 14, 2021, in New York. When COVID-19 tore through the United States in March 2020, the recession it caused was brutal yet brief. Yet for much of 2021, the recovery was undermined by new threats: A surge in inflation that shrank the value of paychecks, hurt the least advantaged Americans most and posed a political threat to President Joe Biden and Democrats in Congress. (Brittainy Newman/AP)

A traveler guides his baggage through the crowd near the United Airlines check-in counter in the terminal of Denver International Airport Sunday, Dec. 26, 2021, in Denver. Airlines canceled hundreds of flights Sunday, citing staffing problems tied to COVID-19 to extend the nation’s travel problems beyond Christmas. (David Zalubowski/AP)

“Martha was not only the matriarch of a legendary NASCAR family, but a beloved and respected figure within our industry and throughout the fanbase. We will dearly miss her grace, compassion and welcoming demeanor. To her grandchildren, she was ‘Mamaw.’ To millions of NASCAR fans, she was a treasure.”

At the same time, Americans proved their resilience in different ways. They paid more across the board for necessities like food and gas, putting pressure on holiday shoppers’ budgets. In fact, consumer prices rose 5.7% over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season under way. The November increase, announced Thursday by the Commerce Department, followed a 5.1% rise for the 12 months ending in October, continuing a string of annual price increases that have been above the 2% inflation target set by the Federal Reserve.

As McFolling transitioned from a 27-year banking career and stepped into her role as president, she recalled one piece of advice: “My cousin, Michael Parker, the chairman, he told me, ‘Robin, once you get in there, you’re gonna have your own vision. And what you don’t know, there will be people there that can mentor you in those areas.’ And he was 100% right.”