Recent reports paint a dark picture, from heatwaves to hurricanes to high-water marks. But some promising trends—and pandemic-era economics—provide reasons for hope. We examine the night-time economy of the very swankiest parties, discovering a kind of beauty brokerage at work behind the scenes. And what baseball season reveals for other sports that yearn for a return. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer