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12/15/2023
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By Laura Harris
U.S. food banks grapple with strained donations as people battle FOOD INFLATION
As the Christmas holiday approaches, food banks in the U.S. are grappling with strained resources due to inflation. In a survey conducted by impact technology company Divert Inc, only 25 percent of respondents were more likely to donate during this holiday season because of the escalating cost of food and groceries. Moreover, the survey found that the current […]
11/22/2023
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By Ethan Huff
Walmart stock plummets amid corporate warning that consumer spending is slipping
The world’s largest retailer failed to deliver this week on its reported Q3 results, which were dismal and point to rapidly deteriorating consumer spending across America. Walmart reported earnings that generally beat on revenue and earnings, but Wall Street was expecting more, which sent the company’s stock tumbling. Discretionary purchases are down in general, which […]
11/03/2023
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By Laura Harris
CVS pharmacies in Washington, D.C. display framed photographs of products and keep real ones in locked cages to combat rampant shoplifting
Two CVS pharmacies in Washington, DC, have been forced to create unconventional solutions to combat rampant shoplifting. CVS Pharmacy at the H Street Northeast location is now using framed photographs of toilet papers and kitchen towels to stand in place of the real products. Customers must also press a button to request that staff retrieve the items from […]
10/31/2023
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By Olivia Cook
SALMONELLA outbreak in various states prompts RECALL of diced onion products
An outbreak of salmonellosis – infection caused by the food-borne Salmonella pathogen – in more than 20 states has prompted a recall of onion products from Oxnard, California-based Gills Onions. The Food and Drug Administration (FDA) announced Gills’ voluntary recall of affected products in an Oct. 23 statement. The following products with used-by dates ranging between Aug. […]
10/16/2023
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By Richard Brown
Israel Home Front Command’s advice leads to surge in PANIC BUYING of food and other supplies
Israelis rushed to supermarkets following an Israel Home Front Command’s initial advice to store 72 hours’ worth of food and water at their homes. The unexpected surge in panic buying left some supermarket shelves bare and led to long queues of anxious shoppers trying to secure essential supplies The situation further escalated as the public […]
09/18/2023
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By Belle Carter
INSANITY: Chicago mayor proposes taxpayer-funded, city-controlled grocery stores
Democratic Chicago Mayor Brandon Johnson has been exploring opening taxpayer-funded, city-owned grocery stores in areas where businesses have already closed down due to rampant crime. The mayor is partnering with the Economic Security Project, an ideas advocacy organization that claims to build economic power for all Americans, to “brainstorm” the possibility of operating these local […]
09/07/2023
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By Arsenio Toledo
Food shortages and inflation continue as “Bidenomics” SPECTACULARLY FAILS
More food shortages and price hikes are coming before the end of 2023, as President Joe Biden’s economic agenda, dubbed “Bidenomics,” once again puts too much pressure on inflation and food production. “The economy is in the dump, and no matter how many times the media or President Joe Biden tells us how great we are […]
08/11/2023
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By Laura Harris
FAO reports sudden surge in commodity prices following Russia’s withdrawal from Black Sea grain deal
The United Nations Food and Agriculture Organization (FAO) has reported a sudden increase in global food commodity prices since April after Russia terminated the Black Sea grain deal and India decided to ban rice exports. Russia’s decision to withdraw from the Black Sea grain deal, an agreement protecting the ships transporting the agricultural products of Ukraine amid the […]
07/06/2023
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By Arsenio Toledo
Target to spend $5 billion on its stores to prevent them from shutting down
Big box retailer Target is spending $5 billion on its stores nationwide as part of a wider strategy to keep them profitable and prevent them from shutting down. The investment is a response to new and old issues faced by the company as well as other big box retailers, including the rise in online shopping, […]
06/20/2023
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By Laura Harris
Central banks are badly losing their war against FOOD INFLATION
Amid a wave of interest rate hikes by central banks across the globe, the surge in food prices continues unabated. Experts associated this phenomenon with two key factors: the inelasticity of food demand and a looming long-term supply crisis. Despite the best efforts of central banks to rein in inflation through interest rate adjustments, the fundamental need […]
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