Must-Read Money Stories for Wednesday, March 22

by March 22, 2017
Protestors need poster board. Women's Marches across the country in January drove sales of poster and foam boards. (Photo "Women's March California" via Flickr user The League of Women Voters of California)

Protestors need poster board. Women’s Marches across the country in January drove sales of poster and foam boards. (Photo “Women’s March California” via Flickr user The League of Women Voters of California)

What goes up

The S&P 500 Index fell more than 1 percent, the most since Donald Trump’s election, according to Bloomberg. Stocks have been on a fairly steady climb since the businessman took office, despite earlier concerns from some pundits that his election might cause uncertainty. With the Obamacare repeal not going as smoothly as many Republicans had hoped, the dip could be an indication of nervousness that Trump’s pro-growth policies might find similar difficulties getting through Congress.

If you can make it here

There are more billionaires than ever across the globe, according to Forbes and its list of cities with the most billionaires. Which city has the most? That honor goes to New York City, whose 82 billionaires have a combined worth of $397.9 billion. Hong Kong is second on the list with 75 billionaires. Moscow, Beijing and London round out the top five.

Where’s the beef?

Americans seem to be taking calls for healthier eating habits to heart. Case in point: They’ve apparently cut their consumption of red mead. Americans ate 19 percent less beef from 2005 to 2014, the New York Times reports. The consumption of pork and chicken fell as well. And while that might be reason to celebrate for veggie-promoters, environmentalists concerned about climate change are happy as well. Cattle are a major producer of greenhouse gasses.

Protest bump

Don’t let anyone tell you protesting doesn’t get anything done. While the political effectiveness of January’s Women’s March will be debated in the coming years, it certainly had an economic impact in one industry. Quartz reports that about 2.7 million poster and foam boards were sold the week of the protest. That was an increase of 33 percent for poster boards compared to the same week in 2016 and 42 percent for foam boards. There were significant increases in other sign-making tools as well, including paint markers, permanent markers and glue.

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