This Supreme Court is overturning a lot more than Roe

Plus: Recession tips. [Bloomberg]( Follow Us [Get the newsletter]( This is Bloomberg Opinion Today, an earth-shaking decision of Bloomberg Opinion’s opinions. [Sign up here](. Today’s Agenda - The Supreme Court is [overhauling constitutional law](. - Post-Roe America will be [tricky to navigate](. - [Advice for young people]( experiencing their first real recession. - [Gasoline can stay expensive]( even as demand fades. The Supreme Court’s Revolution In the old days, earth-shaking Supreme Court decisions came along at most once a year, like Super Bowls or Tom Cruise movies. This year, we’ve had three such decisions in the space of a week, with another likely coming soon. Last week the high court struck down the 50-year-old right to abortion established in Roe v. Wade and a 100-year-old New York gun law, opening the floodgates for even more guns in America, just in case we didn’t have enough already. Today it chucked several other precedents in deciding it was OK for a football coach at a public high school to pray on-field after games. Stephen Carter suggests this new precedent could [impinge on parents’ rights to decide]( whether or not their kids are exposed to religion — an interesting twist, considering how much hay conservatives have made lately of the issue of [parental rights](.    Just as important, the case is another [sledgehammer through the wall separating church and state](, writes Noah Feldman. The high court punched one hole in that barrier last week, with another blockbuster [decree]( that public money should go to private religious schools. The praying-football-coach decision widens the breach even further. Coming soon will be a decision in a case involving the EPA that could end up [ditching]( the government’s entire regulatory apparatus. In all of these decisions, Noah notes, the conservative court is rolling back decades of precedent to set new standards for constitutionalism, rooted in the mists of ancient history. Modern considerations need not apply, though the Founding Fathers couldn’t have conceived of such world-changing developments as the internet, women voting or [Catholics]( on the Supreme Court. It’s a new, old world. Post-Roe America The end of Roe means abortion restrictions will soon apply to roughly half the country, though they will vary from state to state. With helpful infographics, Sarah Green Carmichael and Elaine He explain in detail [what practices will be banned where](. They also explain that human pregnancy doesn’t follow the strict timelines envisioned by the men making these laws, raising the risks for women. The end of Roe will probably bring [a generational change in this country’s politics](, though Jonathan Bernstein writes it may not show up in time for the midterms. But the long-term result could be that Democrats become laser-focused on the courts, the way Republicans have been for the past 50 years. The ruling will also [encourage other countries to take rights away from women](, warns Clara Ferreira Marques; Jair Bolsonaro has already jumped on the bandwagon, and more will follow. America’s standing to lecture those countries is now paper-thin. Further Post-Roe Reading: - Abortion bans will [affect Black women the most](. — Sarah Green Carmichael in conversation with Joia Crear-Perry and Monica McLemore - Pro-lifers [shouldn’t push for a federal abortion ban]( just yet. — Ramesh Ponnuru Recession Watch! Millennials have long been America’s most cursed generation, but Gen Z is now making a strong play for the title. Sure, sure, Millennials had the Great Recession and the jobless recovery that followed. But then they also didn’t have to worry about inflation, unless you count health care, education and housing. Otherwise, no inflation! Now Gen Z is teetering on the edge of its second recession in just two years, but with massive inflation to boot, and not just in health care, education and housing. The first Gen Z recession, in 2020, happened so fast they probably missed it while watching a TikTok video. The next one could linger, just as many Gen Zers are leaving school and beginning their careers. Millennials can relate. One of them, Erin Lowry, has some [battle-tested survival tips for the youths](. And no, it doesn’t involve giving up [coffee](.  Bonus Economics Reading: Even as existing home sales cool, [new home sales are still hot]( and supply tight. — Conor Sen Telltale Charts America may already have hit peak gasoline demand on the way to ditching fossil fuels forever, writes Justin Fox. That doesn’t mean there won’t be [many price spikes along the way](. Trying to [cap the price of Russian oil will be impossible](, writes Julian Lee, partly because it would require Vladimir Putin to agree. And the market has already slashed the price anyway. Further Reading Labor unrest [risks a wage-price spiral in the UK](. The government will have to seek compromise with unions. — Bloomberg’s editorial board Meme Week was [so good for Robinhood that it almost destroyed it](. — Matt Levine Crypto’s [big talk about financial freedom gets tossed]( when platforms start locking up withdrawals in a crisis. — Jonathan Levin Europe needs a plan to help [industries survive years of expensive and supply-constrained energy](. — Javier Blas The big new thing in AI is using [fake data to train algorithms]( to be less biased. It could work. — Parmy Olson [Atlanta is a gem of a city](, with diversity, great finances, a booming economy, the best airport and more. — Matthew Winkler City threatened by rising seas? [Put it on a boat](. — Adam Minter ICYMI The Jan. 6 committee will hold [a surprise hearing tomorrow](. Michael Burry sees [Fed rate cuts coming](. (Jared Dillian has [thoughts on this](.) Anti-abortion centers [find pregnant teens online]( and save their data. Kickers Nothing says “relaxation” like “[nuclear-powered sky hotel](.” Space junk left a [double crater on the moon](. Perfectly [preserved baby mammoth]( found in Canada. Some wild [turtles hardly age](. Notes: Please send space junk and complaints to Mark Gongloff at mgongloff1@bloomberg.net. [Sign up here]( and follow us on [Instagram](, [TikTok](, [Twitter]( and [Facebook](. Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. 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