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Stars, Stripes, And Sustainability: A Smarter Fourth Of July

Stars, Stripes, And Sustainability: A Smarter Fourth Of July

Forbesa day ago

Celebrating 4th Of July
The Fourth of July is a time to gather, grill, spend with people that you care about and celebrating freedom, community, and the joy of summer. It is also a great opportunity to reflect on what it means to honor the country and take better care of it. This year, more Americans are choosing to celebrate consciously by finding easy and joyful ways to reduce waste, travel smarter, and lighten their footprint, without losing the spark of the season of course.
Every Fourth of July, the skies glow with fireworks, grills sizzle with burgers, and highways fill with millions of travelers eager to enjoy America's Independence Day. Alongside the celebration comes an environmental cost of excess waste, emissions, and air and water pollution. Waste generation spikes significantly during summer holidays, with single-use plastics, food waste, and packaging leading the charge. The good thing is that with intentional choices, Americans can honor the land of the free without compromising the planet.
Amidst a breathtaking sunset, an airplane lands gracefully.
One of the most significant yet overlooked contributors to the holiday's environmental toll is travel. Domestic air travel typically surges during the Fourth of July weekend, and according to the International Air Transport Association, air travel is projected to be 5.8% in 2025 a reduction from from 10.6% in 2024.
Cool Effect is a nonprofit platform that allows individuals and businesses to fund vetted carbon reduction activities, helping to offset unavoidable emissions. 'Air travel is a hard-to-abate sector,' explains Jodi Manning, CEO of Cool Effect, in an exclusive interview. 'While Sustainable Aviation Fuel production is increasing, it's not enough to meet the climate challenge. That's why travelers are taking matters into their own hands.'
For example, between May and August 2024, Cool Effect saw an 81% year-over-year increase in individuals and businesses purchasing high-quality carbon offsets for their travel. 'It's a clear signal that travelers are more climate-conscious than ever,' Manning notes. 'Offsetting isn't a silver bullet, but it's a powerful and immediate way for people to take responsibility for the emissions tied to necessary travel.'
Manning offered several actionable tips to fly sustainably this season:
How to Celebrate Fourth of July Sustainably at Home This Fourth of July
While a lot of the conversation around Independence Day and sustainability focuses on travel, the environmental footprint at home is just as critical. These range from from disposable tableware and uneaten food to plastic décor and fireworks. The following highlight the other ways to celebrate Independence Day sustainably.
Over 561 billion disposable food service items are used annually in the U.S., according to the Plastic Pollution Coalition. Swapping plastic plates, cups, and cutlery for reusable or certified compostable alternatives, such as those made from bamboo or bagasse can significantly reduce landfill waste.
The Natural Resources Defense Council estimates that up to 40% of food in the U.S. is wasted. Serving smaller portions, planning menus carefully, freezing leftovers, and composting food scraps can significantly reduce waste. Sharing surplus meals through community apps like Too Good To Go helps to address food insecurity while diverting food from landfills.
Sourcing locally is another high-impact action and buying from farmers' markets can help to reduce transport-related emissions and supports your local economy. Seasonal options like corn, tomatoes, cucumbers, and berries are in peak abundance and ideal for July gatherings.
Traditional fireworks have long been a staple of Independence Day celebrations, but their environmental and health toll is increasingly hard to ignore. In 2022, Americans set off an estimated 460 million pounds of fireworks, according to BBC, nearly one and a half pounds per person. These displays contribute significantly to airborne particulate matter, releasing metal particles, sulfur-coal compounds, and smoke that can degrade air quality and pose respiratory risks, particularly for children and those with asthma. Cities like Aspen and Salt Lake City are now embracing drone and laser shows which are cleaner, quieter alternatives that reduce fire hazards, eliminate chemical debris, and offer a modern, visually striking replacement to traditional fireworks
Single-use decorations add to plastic waste that often ends up in oceans and landfills. Instead, opt for long-lasting décor, upcycling and replacing disposable party supplies with reusables can reduce event-related waste by over 70%.
A multi-generation family celebrating Independence Day
As you celebrate this Independence Day, let it be a moment of reflection on the freedom and the responsibility that comes with it. From smarter travel choices to thoughtful meals, reusable goods, and cleaner skies, each action you take has the power to protect the environment. Sustainability does not mean dialing down the joy. It means leveling up the meaning behind it, less waste, mindful choices and lower emissions. This Fourth of July, celebrate boldly, celebrate joyfully, and celebrate consciously.

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Teens from upper-income families are far more likely to work summer jobs than poor teens. What's going on?
Teens from upper-income families are far more likely to work summer jobs than poor teens. What's going on?

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Teens from upper-income families are far more likely to work summer jobs than poor teens. What's going on?

Twin brothers Alex and Nicolas Alessi and their friend Mason Grant — all 17-year-old rising high-school seniors in the Bay Area — were having a hard time finding jobs leading up to this summer. 'We probably applied to 20 jobs, and we did not get any of them,' Alex said of himself and his brother. My brother stole $100K from my mom to buy bitcoin. Do I convince her to sue him? Most American weddings are a lot more extravagant than the nuptials of Amazon's Jeff Bezos JPMorgan has a new way of forecasting the stock market — and there's a surprising finding 'He doesn't seem to care': My secretive father, 81, added my name to a bank account. What about my mom? S&P 500 scores record high for first time in 4 months. What could push stocks higher from here? Grant, meanwhile, struggled to advance beyond the initial stages of the interview process, including at retailers. 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Teen employment in the U.S. has been declining for decades — the employment-to-population ratio for 16- to 19-year-olds was 37.9% last July, not seasonally adjusted, down from a high of 59.9% in July 1979, according to the Bureau of Labor Statistics. Many working teens today come from higher-income families that encourage them to seek learning opportunities outside of the classroom. 'A young person from a family with a higher income is more likely to be employed during the summer months than a young person from a family earning less,' according to a Labor Department study posted in 2024. About 44% of 16- to 19-year-olds from families earning $150,000 or more — roughly the top fifth of U.S. households by income — were employed from June to August 2023, the most recent year for which estimates were available. By contrast, only 27% of teens from families earning less than $30,000, or roughly the lowest fifth of households by income, had summer employment during that time. Tom Alessi, Alex's and Nicolas's father, has noticed this trend playing out in their high-income community. 'The parents from affluent families — we call them 'snowplows' — are out in front of their kids plowing the 'snow' out of the way,' he said. Grant, the twins' friend, said he knows a teen whose father was able to connect the teen and his friend with jobs at the golf course where the father is a member. 'I am not saying the kids didn't work hard, but they put it on a silver platter for them,' he said. The employment gap between teens from high- and low-income families is a longstanding disparity. Kids from higher-income families tend to have greater access to a car or to an adult who can drive them to work, a BLS report from 2000 said. The researchers also noted that 'nonmarket work such as housework and unpaid child care' more often falls to teens in lower-income families, making them 'relatively less available for market work — or available only for specific schedules.' In addition, some teens from low-income families live in labor markets with fewer opportunities, according to a 2010 report from Northeastern University's Center for Labor Market Studies. The gap became more pronounced in the 2000s. While teens in every income group experienced sharp declines in summer employment between 2000 and 2008, teens from low-income families experienced the sharpest decline, the Center for Labor Market Studies said. By 2010, 'the employment rate for upper-middle-income white teens was four times as high as that for low-income Black teens,' the center later reported. Read more: Generation Z thinks it needs $500,000 a year to succeed. What that says about our economy. Kyle Ross, a policy analyst at the liberal think tank Center for American Progress, wrote in a 2023 report that youth facing barriers to employment 'such as a low-income background, a disability, or low English proficiency' need access to resources that help build the skills and experience necessary to get a job and achieve their future career goals. One federal law that subsidized youth employment, the Workforce Innovation and Opportunity Act, has relied on temporary extensions after expiring in 2020 and may face cuts in the new spending bill in Congress, which may harm youth who need extra support accessing opportunities in the labor force, Ross told MarketWatch. The Trump administration last month announced that it would pause all contractor-operated centers at Job Corps, a WIOA program to train young people from low-income households, by the end of the month, citing 'a startling number of serious incident reports and our in-depth fiscal analysis.' (The pause was later delayed by a court order.) As the economy evolves to demand different skill sets for different kinds of jobs, 'a lot of people end up suffering because they're left out,' Ross said. Today, young college graduates, older workers and foreign-born workers are competing for jobs that were traditionally held by teens, according to the Bureau of Labor Statistics. Those between 16 and 19 made up 18.7% of minimum-wage workers in 2023, down from 25.4% two decades earlier. As entry-level wages stagnated over the years, employers incentivized young people to get more degrees. Many jobs once paid a living wage to workers with high-school diplomas, but that has changed. Among full-time workers ages 35 to 44, those who completed high school had average annual earnings of nearly $58,000 in 2023, compared with about $105,000 for those with a bachelor's degree, according to the Census Bureau. With such a stark wage gap between workers with and without college degrees, more young Americans have shifted their focus to education — including during summers. The share of 16- to 19-year-olds enrolled in school in July has been above 40% every year since 2007 — except in 2013, when it was 39.3% — and hit 48.4% in July 2024, according to calculations using BLS data. That share was just 10.4% in July 1985. 'Over the long term, there's just been more educational upgrading,' said Elise Gould, a senior economist at the left-leaning Economic Policy Institute. She also noted that teen employment tends to be higher during stronger business cycles, when opportunities are more abundant and employers are willing to hire people with less experience and do more on-the-job training. Yet as competition for entry-level jobs heats up, some parents, including those who earn higher incomes, believe that school alone does not prepare teens professionally or financially. Marilou Davido, a financial planner and vice president of WFA Asset Management, told MarketWatch her kids are 'in a good school district and have lots of opportunities to pad their transcripts' with AP courses. As she and her husband have been saving for college since their children were born, 'I'm not as focused on summer academics because I'm not expecting or needing my kids to get a scholarship for college.' Related: Brace yourself: This is exactly how much you should have saved for your kid's college by the time they're 5, 13 and 18 Davido said she worries 'that my husband and I spoil our kids. They have much more than I ever did growing up,' she said. So she has pushed her 16-year-old son, Luca, to learn the value of money through work and to recognize that his 'normal' is not shared by everyone else — and will change when he is no longer 'riding Mom's and Dad's coattails.' She also hopes having a job will teach him 'how to talk with his boss, negotiate and compromise.' 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Rare event could derail S&P 500 record-setting rally
Rare event could derail S&P 500 record-setting rally

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Rare event could derail S&P 500 record-setting rally originally appeared on TheStreet. The stock market has had a record-setting run following President Trump's decision to pause reciprocal tariffs on April 9. The move to de-escalate trade tensions reversed a brutal selloff in the S&P 500 that at its worst had sent the benchmark index tumbling 19%, nearly into bear market drop territory. The market decline was severe enough to trigger oversold readings on most sentiment measures, and many market watchers were savvy enough to recommend buying into the fear. However, far fewer likely expected the rally to persist amid a tidal wave of economic concerns and global uncertainty. Yet, that's precisely what the S&P 500 has done. Rather than backfill gains, it has essentially beelined higher, creating a V-shaped bottom that has surprised many who remain with cash on the sidelines watching, hoping for a chance to buy. 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However, concerns over the Fed and AI spending have decreased since April. Cloud network providers, including hyperscalers, have mostly reinforced their capex plans for this year. Amazon has affirmed a capex run rate of over $100 billion. Meta Platforms increased its planned spend to as much as $72 billion from $65 billion previously. Microsoft confirmed in June that it still plans to spend $80 billion. And Google will likely spend about $75 billion. More Experts Analyst makes bold call on stocks, bonds, and gold TheStreet Stocks & Markets Podcast #8: Common Sense Investing With David Miller Veteran fund manager sends dire message on stocks Meanwhile, while the Fed didn't cut rates again in June, it maintained its closely-watched dot-plot forecast plans to cut rates twice before year-end. Some Fed members have also recently expressed interest in cutting as soon as July, and most believe a Fed cut will likely happen in September, suggesting lower rates are getting closer by the day. With rates potentially heading lower soon and AI spending mostly intact, tariff worries are the last remaining hurdle, and those concerns have also ratcheted back following trade progress with the UK and China. The S&P 500 has clearly climbed the proverbial wall of worry, closing at a new all-time high of 6,173.07 on June 27. The bad news, however, is that the rally has lifted the S&P 500's valuation back toward levels seen when the index made its previous all-time high in February. The S&P 500's forward price to earnings (P/E) ratio is 21.9, up from about 19 in April. In February, it was above 22, according to index's average P/E ratio over the past five and ten years is 19.9 and 18.4, respectively. Unfortunately, it's historically harder to come by gains in the year following a P/E ratio above 22 Clearly, the S&P 500 isn't as cheap as it was in April, and that could create a headwind for stocks, particularly given sentiment measures aren't oversold like they were then. CNN's Fear/Greed Index registered "Extreme Fear" in April, but it's at "Greed" now. The American Association of Individual Investors survey saw bearish outlooks for the coming six months surge to 61.9% in April, the third highest on record and the highest reading since the stock market bottomed in March 2009 during the Great Financial Crisis. Now, bearishness is more neutral at 40%. Increasing investor giddiness may make it harder for the S&P 500 to continue rallying, at least in the short term. This is especially true given that another relatively rare signal, a relative strength index (RSI) (14) reading above 70, flashed a warning on Friday. RSI (14) measures price action over the preceding 14 trading periods and can signal when stocks become overbought and oversold. An RSI above 70 on the S&P 500 signals buyer beware, while a reading below 30, like in April when the RSI on the SPDR S&P 500 ETF Trust () dropped to about 21, suggests selling is overdone. Currently, the RSI on the S&P 500 is 70.2. For perspective, it last exceeded 70 on December 4, before a 4% retreat through January 10. It reached 69.97 on May 19, before a short-and-fast 2.7% drop. Of course, nothing is guaranteed. Stocks can always fall further than anyone expects and remain overbought for a while. John Maynard Keynes famously wrote, "Markets can remain irrational longer than you can remain solvent." Nevertheless, the high RSI reading may suggest that the S&P 500 rally may stall in the coming weeks. In the intermediate or long term, well, gains or losses will likely depend on whether high tariffs fuel inflation, causing the Fed to stay on the sidelines, and whether business spending forecasts stay strong or event could derail S&P 500 record-setting rally first appeared on TheStreet on Jun 28, 2025 This story was originally reported by TheStreet on Jun 28, 2025, where it first appeared. 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