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The Paralympic Flame is seen during the closing ceremony on Day 12 of the Tokyo Paralympic Games. Photo: Koki Nagahama/Getty Images

More than a year after they were supposed to begin, the Tokyo Paralympic Games drew to an end with a closing ceremony on Sunday, with five-time Paralympian Matt Scott serving as the U.S. flagbearer for the event.

Why it matters: The Games, which began in Japan amid COVID state of emergency, closed Sunday in front of a largely empty Olympic Stadium.

Worth noting: The tournament featured a historic number of publicly out LGBTQ athletes, with at least 29 competing this year.

  • It also marked the Paralympic debut of badminton and taekwondo.

The big picture: China's 96 gold medals topped the competition, with Great Britain and the U.S. coming next with 41 and 37, respectively.

In photos
The closing ceremony of the Paralympic Summer Games. Photo: Marcus Brandt/picture alliance via Getty Images
The flags of the participating countries are seen at the closing ceremony of the Summer Paralympic Games. Photo: Karl-Josef Hildenbrand/picture alliance via Getty Images
Matt Scott, flagbearer of Team USA during the closing ceremony of this year's Games. Photo: Carmen Mandato/Getty Images
The national flag of Japan is carried into the stadium during the closing ceremony. Photo: Koki Nagahama/Getty Images
Fireworks light up the sky above the Olympic Stadium during the closing ceremony. Photo: Kazuhiro Nogi/AFP via Getty Images.
The Japanese and Paralympic flags are raised at the closing ceremony. Photo: Marcus Brandt/picture alliance via Getty Images
Entertainers perform during the closing ceremony of the Tokyo Paralympics on Sept. 5. Photo: Alex Pantling/Getty Images

Go deeper

Beijing Olympics: These countries have announced diplomatic boycotts

Photo: Zhang Qiang/VCG via Getty Images

Several countries, including Canada and Australia, have announced they will join the U.S. in a diplomatic boycott of the 2022 Beijing Winter Olympics to protest human rights abuses committed by China's government.

Driving the news: Leaders have faced pressure from human rights groups and others to boycott the Games, pointing to the ongoing genocide of Uyghurs and other Muslim minorities in China's Xinjiang region and other abuses.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.