Inflation hit historic highs last month as lingering supply chain issues and global tensions over Russia’s war with Ukraine dashed policymakers’ hopes that consumer prices would moderate. The Consumer Price Index (CPI) climbed 7.9% in the 12 months through February — the fastest rise in year-over-year inflation since 1982. The […]
Coronavirus
The coronavirus is shutting down essential facilities, are the coal mines next?
Erica Stewart’s husband is a coal miner in West Virginia. Every day he goes to work packed shoulder to shoulder with other miners with little precautions taken against the coronavirus. Stewart, a mother of six, is at increased risk of severe illness and death from the virus due to an […]
FIVE THINGS TO WATCH FOR IN MARCH’S CPI NUMBERS
Every month, the Bureau of Labor Statistics releases a consumer price index report detailing the monthly rise and fall in prices across the United States. Tomorrow’s inflation numbers are set to show headline CPI down and core CPI, or price indexes excluding food and oil, flatlining or slightly falling in […]
Widespread drug shortages are on the way, say experts
Erica Stewart, a stay-at-home mom, is one of the millions of Americans living with Lupus, an autoimmune disorder whereby the immune system attacks healthy cells. Her life and ability to take care of her six children depend on a drug called Plaquenil, the brand name of hydroxychloroquine, a drug that […]
As Coronavirus Spreads Globally, Some Manufacturers Thrive While Others Dive
SirCom, based in Temecula, California, needs parts out of Germany and China to manufacture its early warning systems. Some 70% of the products that were expected in the last week of February and the first week of March never arrived. The company has not received an expected delivery date. “We […]
US Manufacturing Takes Its Hardest Hit Since 2009
New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]
The missing story in February’s inflation numbers
Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline in the coming months as the U.S. economy sees the effects of the coronavirus take hold. As the virus continues to spread it will continue […]