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News & Articles By Cassie B.
12/22/2021
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By Cassie B.
More last-minute shoppers are heading to local shops as supply chain problems continue
Supply chain woes are driving many Americans to rediscover the joys of shopping local, particularly in smaller stores. Throughout the country, local shops are reporting more in-store traffic for last-minute shopping as many people find the items they seek are out of stock at big-box retailers and online or will arrive too late for the […]
12/20/2021
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By Cassie B.
Poll: American voters blame Biden’s policies for making inflation worse as approval dips
As inflation continues to cause financial distress for Americans, many are placing the blame on the Biden administration. A new poll carried out by Fox Business found that 47 percent of American voters think that President Biden’s policies are hurting inflation, while just 22 percent say they are helping to get inflation under control. Meanwhile, […]
12/08/2021
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By Cassie B.
Americans are hoarding cash in record numbers, but inflation is causing the value of savings to drop
Americans have been increasingly hoarding cash due to economic uncertainty spurred by the COVID-19 pandemic, and experts are warning that the value of these savings are diminishing thanks to rising inflation. The funds that many people have amassed in savings throughout the pandemic are significantly more than the three to six months of emergency savings […]
12/08/2021
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By Cassie B.
Inflation and supply shortages could get worse thanks to omicron hysteria, OECD warns
The hysteria over the omicron coronavirus variant is threatening to cause a serious global slowdown, the Organization for Economic Cooperation and Development (OECD) has warned. The economic think tank said that a renewed wave of the pandemic could exacerbate the existing strain on the economy due to high inflation levels. Researchers are still working to […]
12/07/2021
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By Cassie B.
Sweeping vaccine mandates could cost Western Australia billions of dollars in economic losses
Around 40,000 workers in Western Australia are about to lose their jobs and their livelihoods thanks to vaccine mandates introduced by the government that are expected to cost the state economy the equivalent of roughly $2.1 billion U.S. dollars. Western Australia has been the site of one of the country’s most extreme vaccine mandates. Rules […]
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 […]
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