The U.S. is expected to have another summer of extreme heat, hurricanes, droughts and wildfires. The warmer season comes with inherent natural variability that experts say compounds on larger trends related to climate change. The higher temperatures forecasted will likely put stress on the ability to produce hydroelectric power, leading to power cuts in many towns. Power demand in Texas is set to break an all-time record this week, testing the resilience of the grid after a days-long blackout during a deep freeze in 2021.

A growing number of organizations have begun to accept payments in cryptocurrencies, including PayPal, Starbucks, ATandT and Microsoft, and the crypto market is expected to grow from $1.6 billion in 2021 to $2.2 billion by 2026. As digital assets gain mainstream acceptance, lawmakers have proposed stricter regulations in the effort of helping consumers make informed decisions and creating regulatory clarity for agencies. The Federal Trade Commission revealed that crypto scams have cost people more than $1 billion since the start of 2021.

The Interior Department will phase out sales of plastic water bottles and other single-use products at national parks and on other public lands over the next decade, essentially reversing a 2017 Trump administration policy. Environmental groups hailed the Biden administration’s announcement following the push for addressing the plastic pollution crisis. President Joe Biden and Vice President Kamala Harris are expected to announce further initiatives at the Summit of the Americas aimed at tackling climate change and boosting clean energy.

Airlines are being forced to cancel flights heading into the summer travel season as many companies contend with staffing shortages, specifically among pilots. Southwest Airlines cut nearly 20,000 flights and Delta said it was canceling 100 daily flights from July to August. The shortage is exacerbated in airports in small cities, where some regional airlines have been forced to end service completely. Regional airlines operate more than 40% of U.S. passenger flights and feed traffic into hubs like Chicago, Atlanta and Dallas.

Economists are predicting the highest rate of employment in 15 years for high school and college students looking for summer work. Teen employment, which plummeted in the summer of 2020 as the pandemic shuttered businesses, is seeing a rebound fueled by looser restrictions and the labor crunch, which has prompted more businesses to turn to younger workers to fill jobs.

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