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News & Articles By Cassie B.
12/23/2021
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By Cassie B.
U.S. inflation tops OECD countries as Biden’s economic ratings plummet
In another sign that the economy’s downward spiral is incredibly serious, recent data shows that the U.S. economy noted the highest level of inflation this year among the 38 countries in the Organization for Economic Cooperation and Development, or OECD. America’s Consumer Price Index annual growth rate of 6.2 percent in the 12 months that […]
12/22/2021
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By Cassie B.
More last-minute shoppers are heading to local shops as supply chain problems continue
Supply chain woes are driving many Americans to rediscover the joys of shopping local, particularly in smaller stores. Throughout the country, local shops are reporting more in-store traffic for last-minute shopping as many people find the items they seek are out of stock at big-box retailers and online or will arrive too late for the […]
12/08/2021
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By Cassie B.
Americans are hoarding cash in record numbers, but inflation is causing the value of savings to drop
Americans have been increasingly hoarding cash due to economic uncertainty spurred by the COVID-19 pandemic, and experts are warning that the value of these savings are diminishing thanks to rising inflation. The funds that many people have amassed in savings throughout the pandemic are significantly more than the three to six months of emergency savings […]
12/08/2021
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By Cassie B.
Inflation and supply shortages could get worse thanks to omicron hysteria, OECD warns
The hysteria over the omicron coronavirus variant is threatening to cause a serious global slowdown, the Organization for Economic Cooperation and Development (OECD) has warned. The economic think tank said that a renewed wave of the pandemic could exacerbate the existing strain on the economy due to high inflation levels. Researchers are still working to […]
12/06/2021
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By Cassie B.
45% of American households experiencing financial hardship thanks to Biden era inflation
With holiday shopping in full swing and temperatures dropping, 45 percent of American households are reporting financial hardship linked to recent inflation. This is according to a new Gallup poll that was carried out in November. Respondents were asked whether recent price increases had led to financial hardship for their household; if so, they were […]
11/23/2021
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By Cassie B.
Recruiting senior drivers could alleviate truck driver shortage, port backlogs
As the current supply chain backlogs continue, the problem of truck driver shortages is gaining a lot of attention. Although it has never been easy to find people willing to drive trucks, the problem has become particularly pronounced since the beginning of the year. The American Truckers Association reports that the U.S. is currently noting […]
11/19/2021
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By Cassie B.
Biden implies Americans aren’t smart enough to understand how supply chains work… as his own policies keep destroying them
President Biden suggested that Americans are not intelligent enough to understand the problems supply chains are facing right now in a recent speech at the port of Baltimore, where he was touting a $1.2 trillion infrastructure bill, and his condescending remarks were not received well by an American public that is already questioning his mental […]
11/18/2021
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By Cassie B.
4.4 Million Americans quit their jobs in September, largely due to pandemic stress, childcare challenges
Data from the United States Job Openings and Labor Turnover report shows that a record 4.4 million American workers left their jobs in September 2021, and Bankrate’s August job seeker survey found that more than half of American workers polled intend to seek a new job in the coming year. With inflation rising and the […]
11/17/2021
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By Cassie B.
Prices of used tractors surge as month-long John Deere strike continues
Used tractor prices are surging as the nearly month-long strike at 12 Deere & Co Midwest factories has led to a shortage of new tractors and parts that has left farmers with little choice but to turn to secondary markets. A popular index of used farm equipment values, The Machinery Pete Used Values Index, rose […]
10/29/2021
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By Cassie B.
“Crazy” new California port fees could be catastrophic for carriers, shippers and consumers
As congestion continues to be a major problem at the ports of Los Angeles and Long Beach, shippers are now expressing concerns about a surprise emergency fee that has been imposed on containers that stay at terminals for too long – and they say the fallout could be catastrophic. In a bid to clear docks […]
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