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 … [Continue reading] about Is the avian flu causing soaring prices, egg shortages? Not so says this one farmer
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 … [Continue reading] about U.S. House Republicans to vote on abolishing income tax, IRS
Jerome Powell says Federal Reserve is ‘not, and will not be, a ‘climate policymaker’
Federal Reserve Chair Jerome Powell delivered a speech at a forum hosted by Sweden's Riksbank. He discussed how the U.S. central bank is politically independent and how important this really is to grapple with inflation. Of course, this is … [Continue reading] about Jerome Powell says Federal Reserve is ‘not, and will not be, a ‘climate policymaker’
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 … [Continue reading] about World Bank: ‘The global economy is perilously close to falling into recession’
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 … [Continue reading] about Egg prices soar 49% in the last year