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News & Articles By Cassie B.
12/06/2021
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By Cassie B.
45% of American households experiencing financial hardship thanks to Biden era inflation
With holiday shopping in full swing and temperatures dropping, 45 percent of American households are reporting financial hardship linked to recent inflation. This is according to a new Gallup poll that was carried out in November. Respondents were asked whether recent price increases had led to financial hardship for their household; if so, they were […]
12/02/2021
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By Cassie B.
Overly complex government regulations are contributing to food costs, supply chain disruptions
Supply chain issues like port backlogs and labor shortages have been getting a lot of attention lately, but researchers say another factor that has a big influence on food supply chain disruptions that is often being overlooked is regulatory restrictions. The effects of food supply chain disruptions can be felt throughout the grocery store, with […]
11/25/2021
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By Cassie B.
Samsung announces plans to build new $17 billion chip factory in Texas
Samsung has announced plans to build a $17 billion semiconductor factory near Austin, Texas, in the next three years in what is said to be the most significant foreign direct investment in the state’s history. The new factory is part of an effort by the South Korean tech giant to raise its manufacturing capacity and […]
11/23/2021
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By Cassie B.
California’s new truck weight exemption deemed dangerous, unlikely to ease port backlogs
A new directive from California Governor Gavin Newsom will temporarily allow trucks to carry slightly heavier loads as part of the effort to ease supply chain congestion in the ports of Long Beach and Los Angeles. The pair of ports normally handles around 40 percent of the country’s seabound shipping. This year, they have been […]
11/19/2021
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By Cassie B.
Americans are losing recent wage gains due to inflation surge
The rises in Americans’ average hourly earnings we’ve seen recently have been completely wiped out by inflation – and then some. It sounded like good news when the Labor Department reported that the average hourly earnings for American workers had risen by 0.4 percent in October, but they have since reported that October’s top-line inflation […]
10/29/2021
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By Cassie B.
“Crazy” new California port fees could be catastrophic for carriers, shippers and consumers
As congestion continues to be a major problem at the ports of Los Angeles and Long Beach, shippers are now expressing concerns about a surprise emergency fee that has been imposed on containers that stay at terminals for too long – and they say the fallout could be catastrophic. In a bid to clear docks […]
10/25/2021
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By Cassie B.
Consumer prices hit 13-year-high in U.S. as inflation worsens
The latest data from the Bureau of Labor statistics shows that consumer prices climbed higher than expected last month while energy and food costs surged. The annual inflation rate hit a 13-year-high last month of 5.4 percent, which exceeds the median estimate of 5.3 percent. Meanwhile, the consumer price index rose by 0.4 percent on […]
10/22/2021
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By Cassie B.
Procter & Gamble exec warns prices of household consumer products will keep rising
As the inflation set in motion by the Biden administration’s economic policies continues to rise, an executive from household goods giant Procter & Gamble has warned consumers that they can expect to see the prices of many common goods go up week after week. The company, which owns brands like Crest, Tide and Gillette, announced […]
10/21/2021
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By Cassie B.
Supermarket chain owner predicts 10% food price hike in the next 60 days
At a time when Americans are already paying significantly more money on their grocery bills, the owner of a New York City supermarket chain has warned that food prices are going to continue to rise significantly in the near future, with increases potentially reaching as high as 10 percent in just two months. This is […]
10/21/2021
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By Cassie B.
Poll: Most voters consider Biden’s handling of the economy “poor” as inflation soars
More than half of voters in a recent survey gave President Biden’s handling of economic issues a poor rating as inflation continues to climb. The national poll, which was carried out online and via telephone last week by Rasmussen Reports and The National Pulse, found that just over a third of likely U.S. voters consider […]
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