The avian flu has decimated egg production, with farmers killing off 43 million egg-laying hens. But there is another layer to this egg-citing story: the surging cost of diesel and animal feed. In the beef industry, prices have cratered because farmers have been killing off their cattle prematurely since they cannot afford or do not […]
Money
U.S. House Republicans to vote on abolishing income tax, IRS
This is huge. House Republicans will vote on a bill abolishing the Internal Revenue Service (IRS) and eliminating the income tax. Yay! The problem? No spending cuts. While abolishing both instruments would be amazing, it would need to be followed up with slashing the federal budget. Is this likely? Nope. JUST IN: 🇺🇸 US House […]
World Bank: ‘The global economy is perilously close to falling into recession’
Is the World Bank the ultimate bear? The organization released its latest report on global economic prospects. The forecasts are not good. According to the World Bank, the global economy is expected to grow by just 1.7 percent, which is down from three percent in the previous projection. This would be the third-worst performance, with […]
Egg prices soar 49% in the last year
Have you seen the price of eggs these days? It is not exactly an egg-citing time at the supermarket when you are living paycheck to paycheck. In fact, it is egghausting when you realize that you need to take out a buy now pay later loan to buy a carton of a dozen eggs. Heck, […]
Biden administration delays refilling emergency oil reserves as prices remain above $70 target
President Joe Biden and his administration announced last month that it would begin refilling the Strategic Petroleum Reserve (SPR) by purchasing three million barrels of crude oil after wiping out approximately 40 percent of emergency stocks. Well, not anymore. Bloomberg reported that the White House had postponed replenishment after concluding that the offers it received […]