Inflation rises AGAIN as prices jump by 7% in a year to the highest level in 40 years

BREAKING NEWS: Inflation rises AGAIN as prices jump by 7% in a year to the highest level in 40 years after Joe Biden insisted surging cost of living was ‘a bump in the road’ By Keith Griffith For Published: 13:39 GMT, 12 January 2022 | Updated: 13:42 GMT, 12 January 2022 The US inflation … Read more

Biden launches a crackdown on the meat industry to try and combat inflation

President Biden is launching another crackdown on the meat processing industry in an effort to fight rising prices.  Citing a monopoly in the meat processing market, the Biden administration announced Monday it would spend $1 billion from the American Rescue Plan to expand the capacity for independent meat processors.  The White House noted in a … Read more

Psaki celebrates shelves being stocked again just three days before Christmas

White House Press Secretary Jen Psaki took a shot at ‘doubters’ and Scrooges who feared supply chain backlogs could hurt Christmas, as retailers managed to stock shelves in time for the holidays.  ‘Take that Scrooge, the Grinch and all of the doubters that this could happen,’ Psaki crowed on Twitter. ‘Also shelves are stocked at … Read more

Toy firm Hasbro said supply chain chaos stopped it from delivering $100m worth of toys

Toy giant Hasbro says supply chain disruptions prevented it from fulfilling $100million worth of toy orders during the third quarter. The toys, which were initially set to be delivered within the third quarter, ending September 26, were pushed into the fourth quarter, hurting the company’s latest bottom line. But Hasbro – one of the world’s … Read more

Backlog of ships at California’s two largest ports hits record of 100 as supply chain crisis worsens

The nation’s largest ports shattered more records Monday as massive bottlenecks at the Ports of Los Angeles and Long Beach continue to wreak supply chain havoc. The Marine Exchange of Southern California reported 100 vessels berthed October 18, topping the previous record of 97 set September 19. Both figures are astonishingly higher than during pre-pandemic … Read more