An energy crisis is gripping the world, with potentially grave consequences

Energy is so hard to come by right now that some provinces in China are rationing electricity, Europeans are paying sky-high prices for liquefied natural gas, power plants in India are on the verge of running out of coal, and the average price of a gallon of regular gasoline in the United States stood atContinue reading “An energy crisis is gripping the world, with potentially grave consequences”

Justice Department Makes Quiet Push on Antitrust Enforcement

The department shares antitrust authority with the Federal Trade Commission, whose new liberal leadership has drawn much of the early spotlight. Yet in recent months the DOJ has blocked a major insurance-industry merger between Aon PLC and rival Willis Towers Watson PLC; filed an aggressive challenge to a partnership between American Airlines Group Inc. and JetBlue Airways Corp. ; and withdrawn from a real-estate industry settlement in order to take aContinue reading “Justice Department Makes Quiet Push on Antitrust Enforcement”

America Is Running Out of Everything

The U.S. economy isn’t yet experiencing a downturn akin to the 1970s period of stagflation. This is something different, and quite strange. Americans are settling into a new phase of the pandemic economy, in which GDP is growing but we’re also suffering from a dearth of a shocking array of things—test kits, car parts, semiconductors,Continue reading “America Is Running Out of Everything”

Smaller Products, Rising Prices: Shrinkflation Hitting Grocery Store Shelves

Consumer blogs pointed WCCO to products like oatmeal packets of 10 cut to eight for some varieties, tuna cans from seven to five ounces, and some family size cereals slimming down from 19.3 ounces to 18.8 ounces, all evidence of what’s known as shrinkflation. CBS Minnesotta

Hollywood faces new crisis in strike threat from off-screen workers who keep productions running

2 October 2021 Washington Post – “In the short run it would shut everything down,” said Glenn Williamson, a producer and former studio executive who teaches at the UCLA School of Theater, Film and Television. “The people in the guilds — they’re the lifeblood of a production.”

Dallas Fed President Robert Kaplan Resigns Amid Scrutiny Over Trading – Hours After Boston Colleague Steps Down.

September 27 2021. Forbes – The presidents of the Dallas and Boston branches of the Federal Reserve Bank, Robert Kaplan and Eric Rosengren, respectively, announced their retirements hours apart on Monday, weeks after they said they would sell their individual stock holdings after questions were raised about their trading activity from last year.