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News & Articles By Mary Villareal
07/22/2022
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By Mary Villareal
Government price controls come at a cost
As prices skyrocket, some liberals argue that the United States government should implement more price controls – such as President Joe Biden’s “Build Back Better” plan that would impose various price controls on prescription drugs. For the less familiar, price controls seem like a good idea. However, as Don Boudreaux explained in an essay published […]
07/20/2022
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By Mary Villareal
Port of Los Angeles director: US supply chain at risk if rail service does not improve
Gene Seroka, executive director of the Port of Los Angeles (POLA), warned that the country’s supply chain could be at risk if rail service does not improve. He issued his warning amid POLA reporting record figures for June 2022. “All eyes are focused on improving the rail product, full stop. The bottom line is that we […]
07/19/2022
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By Mary Villareal
Wholesale inflation surges 11.3% year-over-year in June
Inflation hit hard at wholesale levels in June as producer prices surged by near-record amount from last year due to energy costs increase. According to the Bureau of Labor Statistics (BLS), the producer price index (PPI), which measures the prices received for final demand products, increased 11.3 percent – just short of the 11.6 percent record […]
07/15/2022
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By Mary Villareal
Consumer prices continue to soar as US battles worst inflation in 41 years
Consumer prices continue to soar as the U.S. battles with its worst inflation in 41 years. Meanwhile, wages have fallen for the 15th straight month. If this continues, Americans will see an economic collapse on the way. The Consumer Price Index (CPI) soared 9.1 percent year-over-year compared to the 8.8 percent and 8.6 percent in previous months. […]
06/23/2022
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By Mary Villareal
Central banks trying to combat inflation as Europe and US face likelihood of recession
Deutsche Bank CEO Christian Sewing has revealed that central banks around the world are forced to aggressively tighten their monetary policies to combat inflation because Europe and the U.S. face a high likelihood of recession. The U.S. Federal Reserve, European Central Bank (ECB), Swiss National Bank and the Bank of England have all made their move […]
06/17/2022
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By Mary Villareal
US producer prices rose 10.8% in May, Labor Department reports
Businesses in the United States charged 10.8 percent higher in May compared to the same month a year ago. It marked the sixth straight month that the government’s producer-price inflation gauge is running at or above 10 percent. According to the Department of Labor, the Producer Price Index (PPI) for final demand rose 0.8 percent in […]
06/15/2022
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By Mary Villareal
Expert economist: High inflation could have been avoided if Federal Reserve acted earlier
Economist Mohamed El-Erian said the current record-high inflation could have been avoided if the Federal Reserve had acted earlier and shown humility after wrongly describing inflation as “transitory.” El-Erian, who serves as an economic adviser at international financial services provider Allianz, appeared as a guest on CBS‘s “Face the Nation” to discuss what caused the […]
06/14/2022
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By Mary Villareal
Average rent prices in the US surpass $2,000 amid inflation and rising mortgage interest rates
The median monthly asking rent in the United States has now surpassed $2,000 for the first time, reaching a record high of $2,002 in May. This is a 15 percent year-over-year increase, on par with April’s annual increase, but slightly lower than the 17 percent gain in March. More people are opting to live alone, but […]
06/07/2022
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By Mary Villareal
Russia responds to another round of EU sanctions by restricting exports of noble gases like neon, which is essential for making computer chips
Russia’s Ministry of Trade and Industry has announced that the country will limit until the end of 2022 the exports of noble gases such as neon, which is an essential element in making computer chips. The move is expected to worsen the ongoing supply crunch in the global chip market. Ukraine was also one of […]
06/01/2022
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By Mary Villareal
Lumber prices fall as rising interest rates affect housing industry
Another sign of how rising interest rates are deflating markets that boomed during the Wuhan coronavirus (COVID-19) pandemic can be seen in lumber prices, which have started crashing down. Wood prices were a leading indicator of the supply chain problems and inflation following the pandemic lockdowns. Prices shot up in the summer of 2020 as […]
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