Category Archives: Business & Economy
Real Wages Declined 0.5% in October Amid Mounting Inflation
Politicians, including President Biden, are quick to point to the fact that nominal wages are rising—but they’re leaving out crucial context…mainly INFLATION!
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Poor Americans’ Credit Card Usage Spikes As Their Savings Run Out
A widely propagated myth is that there is north of $2 trillion in “excess cash” savings spread evenly across the US population (courtesy of Biden’s trillions). However, this “excess” is actually only held by the top 20% of the wealthiest in America. But, the statistic that should make people pay attention is the fact that spending on credit cards among the lower income cohort has spiked with a 23% growth rate over a 2-year period, up from the summer average of 15%. According to Bank of America, this growing reliance on credit cards reflects “the loss of income support from the expiration of unemployment benefits (UI) which has disproportionally impacted the lower income population.”
Read moreParts Shortages Hit Auto Repair Shops, Taking Weeks To Fix Vehicles
A global semiconductor shortage has reduced new car production and boosted used car demand. The average used car age on U.S. highways hit 12.1 this year, a record high, and has unleashed a repair boom. But with snarled supply chains, auto repair shops have had difficulty sourcing parts and told customers their cars could take weeks to fix, according to Bloomberg.
Read moreSupply Chain Disruptions Force White House To Ask Walmart, UPS, FedEx To Increase Output
Carriers of goods including Walmart, UPS, and FedEx are moving to work more shifts—including 24 hours per day, seven days per week—to address global supply disruptions that have contributed to a surge in inflation, the White House said Wednesday.
Read moreForget Silver, Nevada Is Now The Lithium State
Global lithium production more than doubled in the last four years to 82,000 metric tons in 2020, up from 38,000 metric tons in 2016 and Nevada’s the only source of lithium production in the U.S.
Read moreDeath By Inflation Or Debt Defaults? Luke Gromen On The No-Win Situation We’re Trapped In [VIDEO]
![Death By Inflation Or Debt Defaults? Luke Gromen On The No-Win Situation We’re Trapped In [VIDEO]](https://austincountynewsonline.com/wp-content/uploads/2015/07/Drowning-In-Debt.jpg)
The US currently spends 111% of its tax receipts on the true cost of servicing its debt & the Fed is now chained to printing up the difference…This is a no-win situation.
Read moreYellen Is Wrong. The US Government Doesn’t Always Pay its Debts.
Former Fed Chair Janet Yellen is trying to convince people that the United States has never defaulted before, and has always made good on its financial obligations. Yet the United States government absolutely has defaulted on debts before—more than once. Moreover, if we expand the idea of default slightly, to encompass the idea of inflating away a government’s debt in real terms, default is even more common.
Read moreOne Of The Largest US Supermarket Chains Warns Inflation Is About To Impact More Americans
An executive of Kroger, one of the largest supermarket chains in the United States, warned grocery prices are about to become even higher this year as inflation sets in.
Read moreMedia Attempt to Downplay Alarming New Inflation Report
Despite media spin, price inflation is still very much a problem.
Read moreWorld Food Prices Jump In August To Near Decade High
Heading into fall, soaring food inflation shows no signs of abating and may worsen.
Read moreFears of Stagflation Loom as Job Growth Stalls
Job growth numbers on Friday failed to impress. Economists had predicted job growth in the area of 720,000, but according to the Department of Labor’s estimates, jobs growth for August was only a third of that: 235,000. Commentators called it “terrible news” and the word “stagflation” has started to appear more and more in the media and investor narratives. And there are good reasons to fear that stagflation may be on the horizon…
Read moreMillions Of Renters Face ‘Unprecedented Spike’ In Evictions As Moratorium Expires
Millions of renters across the country face eviction as a federal moratorium set to expire at the end of July is unlikely to be extended, according to Bloomberg.
Read moreLatest Technology Demonstrations Make Texas A&M Beef Cattle Short Course Unique
New chute-side pregnancy test to be among demonstrations during Aug. 2-4 event
Read moreTexas Vineyards Endure Rough Growing Season
Texas A&M’s Beef 706 Returns With Two Live Sessions Aug. 9-11
Hands-on lessons take participants from cattle grading to fabrication
Read moreRetail Beef Prices Remain High
Consumers can expect higher beef prices at grocery stores despite a recent dip after the typical seasonal peak around Memorial Day, according to a Texas A&M AgriLife Extension Service expert.
Read moreNew Online Course Provides Guidance For Selling At Farmers Markets
AgriLife Extension course to help educate vendors on requirements, items they can sell
Read moreCottage Food Business, Certification Program June 24 In Belton
Will address sellable items, food safety, labeling, more
Read moreTexas A&M To Spotlight Grass-Fed Beef June 24-25 In College Station
Conference to highlight beef production from pasture to plate
Read moreLivestock Safety Paramount During Flooding
Farmers, ranchers should have emergency plan to protect animals from high waters
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