Seems like they are picking on grocery, particularly center store (Pepsi)m which admittedly has been a problem...but most of these products aren't "essential."
Pepsi also got into a feud with french operator Carrefour, which temporarily dropped their prices because of the price hikes.
The FTC also released results of a recent study on grocers, concluded the obvious: grocery margins went up when demand grew to a point where they no longer needed to be promotional and larger companies have scale advantages. The latter issue has little to do with the pandemic, and a host of other issues besides price.
Grocery retail margins did go up during the pandemic, 1-2%, but they have since normalized to prepandemic levels.
Seems like they are picking on grocery, particularly center store (Pepsi)m which admittedly has been a problem...but most of these products aren't "essential."
Pepsi also got into a feud with french operator Carrefour, which temporarily dropped their prices because of the price hikes.
The FTC also released results of a recent study on grocers, concluded the obvious: grocery margins went up when demand grew to a point where they no longer needed to be promotional and larger companies have scale advantages. The latter issue has little to do with the pandemic, and a host of other issues besides price.
Grocery retail margins did go up during the pandemic, 1-2%, but they have since normalized to prepandemic levels.
I follow Robert Reich and he is spot on. The problem is that nobody is pounding the drum LOUDLY enough so that Americans get the real picture. It's amazing that so many people still blame the president (Either Biden now or any President for that matter) for high food and gas prices. Maybe if more public pressure is brought to bear and individual companies are called out by name and shamed then maybe some progress will be made that Americans feel.
Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so
The U.S. also has plenty of assets...we can always sell Texas. https://www.usdebtclock.org/#
Wouldn't you have to pay back all the money Mexico spent on the wall?
Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so
The U.S. also has plenty of assets...we can always sell Texas. https://www.usdebtclock.org/#
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
After Jamie Dimon warns of market ârebellionâ against $34 trillion national debt, Fedâs Jerome Powell says itâs past time for an âadult conversationâ about unsustainable fiscal policy
With the United Statesâ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issueâat least until this weekend, when Powell spoke out about the debt on CBSâs 60 Minutes Sunday. âIn the long run, the U.S. is on an unsustainable fiscal path,â Powell warned.
Even as the U.S. economy avoided a widely forecast recession in 2023, record government spending and lower tax receipts led the national debt to surge to an all-time high. And that trend has continued into this year. The U.S. government debt to GDP ratio, a measure of total public debt to economic growth, has surged from just over 100% in 2019 to over 120%. Thatâs down from the COVID-era peak of 133%, but, as Powell put it, the governmentâs debt is still âgrowing faster than the economy.â
This means itâs now âpast time, to get back to an adult conversation among elected officials about getting the federal government back on a sustainable fiscal path,â Powell argued Sunday.
