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News & Articles By Cassie B.
10/15/2021
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By Cassie B.
White House warns Americans could see higher prices, empty shelves this holiday season
White House officials have warned that Americans could be facing empty store shelves this Christmas season and higher prices on the goods they do find thanks to global supply bottlenecks driven partly by the COVID pandemic. Supply chain issues have been damaging retail and transportation companies, many of which have issued disappointing earnings outlooks recently. […]
10/13/2021
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By Cassie B.
Soaring fertilizer prices expected to make food inflation even worse
Fertilizer prices are hitting record highs in North America, which will likely cause food inflation to rise even higher. The Green Markets North America Fertilizer Price Index hit $996.32 per short ton last week, which is a record high. It soared well past its 2008 peak, setting a new benchmark for the nearly 20-year-old index. […]
09/08/2021
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By Cassie B.
Global food ecosystem under severe pressure due to staff shortages, extreme weather
The list of problems impacting food supply chains this year continues to grow, as extreme weather and worker shortages are pushing global food prices upward and leaving people hungry. Right now, the global food ecosystem is under intense pressure due to a shortage of staff. The reduction in supplies and lack of workers are threatening […]
07/27/2021
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By Cassie B.
Consumer goods giant Unilever raising prices on many popular products due to inflation
Economists have been warning that the economic crisis caused by the coronavirus pandemic would lead to soaring inflation, and now we are seeing some strong signs that it is setting in and consumers can expect to pay a lot more money for everyday items. Last week, the consumer goods giant Unilever admitted that inflation is […]
07/08/2021
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By Cassie B.
Republican-led states topping the nation in job growth and labor market health
Red states are currently noting significantly greater job growth than blue states, with nine out of the top ten performing states being led by Republican governors. This is according to a new report published by the personal finance company WalletHub, who combined data such as changes in unemployment and non-seasonally adjusted continued claims to rank […]
08/11/2020
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By Cassie B.
Most New York City restaurants won’t be able to pay their July rent, survey finds
The economic effects of the coronavirus crisis are being felt deeply in the New York City restaurant industry. July was just the latest in a string of disappointing months for the city’s restaurants, bars and clubs, and a new survey has found that most of these establishments will be unable to pay their rent for […]
08/01/2020
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By Cassie B.
UCSF medical school pays hackers $1.14 million in bitcoin to get stolen data back
The University of California San Francisco paid $1.14 million in bitcoin to hackers following a ransomware attack that took place earlier this month. The attack encrypted data on the university’s School of Medicine servers, rendering it inaccessible. The hackers initially demanded $3 million, but the university got them to agree to a lower amount through […]
05/19/2020
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By Cassie B.
Layoffs strike The Economist as coronavirus continues to hit major media companies hard
It may not be too shocking to see sectors like tourism being hit so hard by the coronavirus pandemic, but its effects are being felt even in places you might not expect. It’s also having an effect on major media companies – even at a time when many people have plenty of time for media […]
04/09/2020
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By Cassie B.
U.S. headed for “unprecedented housing crisis” as mass evictions loom
The U.S. is on its way to what experts term an unprecedented housing crisis as a huge wave of evictions looms – and measures like temporary bans in some places aren’t going to help much in the long term. Princeton University’s Eviction Lab tracks eviction policies and trends at the state and federal levels, and […]
07/08/2018
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By Cassie B.
Fund managers warn that the next economic crisis is going to be “ugly” — are you prepared for it?
If you’ve been putting off getting your finances in order because the economic situation has been relatively stable recently, it might be time to re-think your approach as fund managers are warning that the next economic crisis is looming – and it’s going to be “ugly”. The U.S. is now sitting at the peak of […]
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