
Shipping closure at Port of Baltimore could have worldwide economic impacts
The collapse of the Francis Scott Key Bridge and subsequent suspension of shipping at the Port of Baltimore could have large economic impacts for the city and the world.
BALTIMORE, MD, May 13, 2025 – As communities across the United States continue to confront the devastating toll of mass shootings, new research reveals a staggering economic dimension to these tragedies. A study published in the INFORMS journal Marketing Science finds that mass shootings cause an estimated $27 billion in annual lost revenue for U.S. retailers driven by sharp declines in foot traffic, reduced transaction volume and long-term store closures.
BALTIMORE, MD, May 13, 2025 – Researchers who took a close look at loosened concealed carry laws between 2010 and 2017 have found that “Shall Issue” regulations, which remove local authority discretion on the issuance of concealed carry gun permits, contribute to a significant increase in handgun purchases. At the same time, the researchers found that in states that adopted “Permitless Carry” policies, there was no noticeable change in gun purchases.
With sweeping new tariffs on Chinese-made products set to take effect this summer, Americans are being urged to prepare for price hikes on everyday goods. President Donald Trump's reinstated trade policies are expected to affect a wide swath of consumer imports, including electronics, furniture, appliances, and baby gear. Retail experts are advising shoppers to act before the tariffs hit and prices rise.
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The collapse of the Francis Scott Key Bridge and subsequent suspension of shipping at the Port of Baltimore could have large economic impacts for the city and the world.
The great thing about working on Life Kit is that the editors and producers get to pick up all sorts of nifty life hacks that improve our daily lives, save money and enhance our relationships.
Baltimore: The Baltimore bridge that was destroyed when a massive cargo ship crashed into it and killed six construction workers was only in a “satisfactory condition” and not built to withstand such an impact, investigators have found.
Soon after the container ship Dali struck and toppled the Francis Scott Key Bridge early Tuesday, Paul Brashier was among many in the shipping industry who shifted into overdrive.
The Francis Scott Key Bridge could rejoin Baltimore’s skyline in as little as two years or as many as 15, with some experts eyeing a number in between.
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