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Health/Food Posts Tagged as 'Economy'

Welcome to Errattic! We encourage you to customize the type of information you see here by clicking the Preferences link on the top of this page.

 

Meat eaters get hit hardest as inflation sees grocery bills soar:  

 

Milk is more expensive according to 51 percent of those surveyed; for prepared foods it is 50 percent of those questioned and for seafood 49 percent.

A quarter said they are buying less red meat as a result of the price hikes. Meat prices rocketed by up to 25 per cent last spring, during the early days of the COVID-19 pandemic, when meat plans were hit by staff shortages caused by the virus.

They subsequently dropped, but Bloomberg's data suggests shoppers are once again feeling the pinch.

Morning Consult economist John Leer told Bloomberg: 'We’ve got these pockets of inflation without having corresponding wage growth, and that’s going to put consumers in a really tough spot.'

For Hispanic and black Americans, more than 40 per cent report spending more money on food since the start of 2021. For white Americans that figure is 30 percent.

Meat eaters get hit hardest

Italian restaurant in Philadelphia suburb is shut down after hepatitis A outbreak kills

Tags: $, Death, Disease, Economy, Food, Prices, Restaurant, Surge, Vegan's Revenge

Permalink

07-Jan-2022


How Small Restaurant Owners Are Navigating the Labor Shortage 

 

Every few weeks, it seems, a new photo goes viral on social media showing a sign in a restaurant window declaring: “This restaurant is closed because no one wants to work.” Restaurant owners have, for months now, been quoted in articles and TV news hits decrying the ongoing labor shortage, blaming the enhanced unemployment benefits enacted during the pandemic for disincentivizing returning to work.

But those benefits have expired in some states already — and some jobs data suggests ending them didn’t exactly lead to a wave of rehires.

How Small Restaurant Owners Are Navigating the Labor Shortage

Wages Are Going Up — And So Is Inflation. Consumer Prices Have Hit A 13-Year High

Restaurants’ Fragile Recovery Is Fizzling in the U.S.

Chick-fil-A Lawsuit Claims Raising Menu Prices on Delivery Orders Is Deceptive

Procter & Gamble to raise prices of more household goods

Here's why Zillow won't be buying any more homes to renovate and resell this year

Grocery store shoppers sound off on surging prices

Gas hits $7.59 a gallon in CA town

Tyson Foods plans further price hikes

Tags: $, Business, Court, Economy, Fast Food, Food, Gas, Home, Labor Shortage, Prices, Product, Protest, Real Estate, Restaurant, Service, Surge, Video

Permalink

15-Nov-2021


RV owner parked in affluent Seattle neighborhood builds 'shack' on top of vehicle  

 

Residents of the affluent neighborhood, which is filled with upscale bars and boutique shops, say their streets are now lined with RVs and tent encampments, and blame city leaders for failing to address the issue.

RV owner parked in affluent Seattle neighborhood

Tags: $, Activism, Auto, Choices, Economy, Home, Neighbor, Poor, Rich, Treatment

Permalink

17-Sep-2021


Palm Springs lifts COVID-19 curfew; bars and restaurants can now stay open until 2 a.m. 

 

Palm Springs lifted a curfew on restaurants, bars, wineries and breweries on Friday, allowing the establishments to stay open until 2 a.m.

Palm Springs lifts COVID-19 curfew; bars and restaurants can now stay open until 2 a.m.

Tags: Business, Choices, Coronavirus, Economy, Environment, Health, LGBTQ, NSFW, Open, Priorities

Permalink

28-Feb-2021


China to overtake US as world's biggest economy by 2028, report predicts 

 

China will overtake the US as the world’s biggest economy before the end of the decade after outperforming its rival during the global Covid-19 pandemic, according to a report.

The Centre for Economics and Business Research said that it nowexpected the value of China’s economy when measured in dollars to exceed that of the US by 2028, half a decade sooner than it expected a year ago.

In its annual league table of the growth prospects of 193 countries, the UK-based consultancy group said China had bounced back quickly from the effects of Covid-19 and would grow by 2% in 2020, as the one major global economy to expand.

With the US expected to contract by 5% this year, China will narrow the gap with its biggest rival, the CEBR said. Overall, global gross domestic product is forecast to decline by 4.4% this year, in the biggest one-year fall since the second world war.

China to overtake US as world's biggest economy by 2028, report predicts

Tags: $, Culture, Dedication, Defiance, Development, Economy, Fighting Back, Govt, Health, Intelligence, Investment, Leaders, Responsibility, Self-esteem, Success, Survival, World

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25-Dec-2020


Unemployment aid is running out for millions: "People are going to become desperate" 
 

Millions of unemployed Americans faced an income "cliff" in July when the extra $600 in pandemic jobless benefits came to an end. But millions more are now facing another — and perhaps more dire — hit to their income as they exhaust all their unemployment options at both the state and federal levels.

"People are saying, 'Oh my god, I'm running out of money,' and they have no idea what's to come," said Alex Emanuel, an actor, filmmaker and musician in New York whose unemployment aid ran dry two months ago.

The issue is affecting a range of workers, including people who lost their jobs toward the end of 2019 and have run through multiple unemployment aid extensions provided by Congress earlier this year. Gig-economy workers and others who tapped the federal Pandemic Unemployment Assistance (PUA) program early in the crisis are also about to run out of aid.

These benefits aren't particularly generous — the typical weekly unemployment check amounts to $333 a week — but out-of-work adults tell CBS MoneyWatch that the additional money has helped them pay for necessities like utilities and rent.

Unemployment aid is running out for millions:

Tags: $, Economy, Future, Poverty, Support, Unemployment

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17-Oct-2020


Updated: How Do Black People Spend Their Money? (The Racial Wealth Gap) 

 

How black people spend their money has been a hotly debated topic not only on this site, but in our office, at social events and in beauty and barber shops across America. This article has been the most read and commented article for 9 years running. Once I learned that this was the most popular and discussed article on the website, I decided to do some research and share this information with others.

I predict that even after reading this article there a significant number of Black people who will NOT change their habits and work toward changing their situation. Over time, when things go unchallenged, they seem normal. After centuries of slavery, black people must realize that they need to work toward building generational wealth and learn to invest their money and establish Trust funds for their wealth that can be passed down to future generations.

Black Men In America

Tags: $, Advertising, Culture, Economy, Poverty, Shopping, Statistics, Wealth

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22-Jun-2020


Could Artificial Intelligence Have The Answer To America's Coronavirus Economic Woes? 

 

Unless the American economy somehow gets way more productive. More innovative. Technology optimists hope artificial intelligence is the “next big thing” that will drive the next big productivity boom. Eventually. The history of important “general purpose technologies” — such as the steam engine, electrification, and personal computing — is that it takes a while for them to achieve significant economy-wide impact. (Although that diffusion lag has shortened.) They need supporting investments in physical and human capital to achieve full potential. As economist Erik Brynjolfsson told me recently on my Political Economy podcast, we need more people “who know how to take these new technologies and translate them into new products. The more of those we have, the better because there are intangible capital and business processes that need to be reinvented.”

The National Interest

Tags: AI, Business, Coronavirus, Development, Economy, Employment, Environment, Evolution, Intelligence, Investment, Safety, Saving The Environment!, Science, Support, Tech

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04-May-2020


GERMAN ZOO SAYS IT MAY HAVE TO FEED ANIMALS TO OTHERS DUE TO CORONAVIRUS CRISIS 

 

A zoo in Germany may have to feed some animals to others to cope with the financial impact of the novel coronavirus crisis, its director said.

Neumünster Zoo in northern Germany belongs to an association and is not entitled to financial relief from the county's state emergency fund for small businesses, the BBC reported. The zoo's director Verena Kaspari told German newspaper Die Welt that the zoo—which is home to more than 700 animals including polar bears, seals, and alpacas—will lose out on an estimated $190,000 (€175,000) in income this spring.

Newsweek

Tags: $, Animals, Economy, Environment, Fundraising, Priorities, Survival, World, Zoo

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16-Apr-2020


Chinese tourists are opting out of travel to the US in favor of the rest of the world 

 

In 2018, Chinese tourists made nearly 150 million trips around the world, spending a colossal $277 billion. More than $36 billion, or about 13% of that sum, was spent in the US, with Chinese visitors spending it up in Hawaii, Hollywood, and other big-ticket US destinations.

Since the start of the trade war, however, Chinese tourism to the US is down by more than 8%. The number of Chinese visitors stateside is waning—due to geopolitical pressures, a strong dollar, and the seductive call of the rest of the world.

Quartz

Tags: $, Backlash, Economy, Immigration, Politics, Tourism, Travel, World

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29-Aug-2019


NYC has a penthouse problem, LA has a mansion problem, and Miami has a condo problem 

 

Miami condos may boast ocean views and luxury living, but that's no longer enough to get them off the market.

Long a city for vacation homes and foreign buyers seeking safe investments, Miami is now faced with a surplus of condos, reported Candace Taylor for The Wall Street Journal. Its high-end real-estate market has slowed in recent years, with condo sales in Miami Beach decreasing by 24% over the past four years, she said.

The condo craze began in the early 2000s, Taylor reported. The market imploded during the financial crisis, but Latin American buyers — along with buyers from Europe and America — brought it back to life post-recession.

But what were once strong South American economies are now suffering, and Latin American buyers have less buying power in the US, according to Taylor. Their disappearance isn't the only factor driving the abundance of empty condos — the threat of rising sea levels and the preference for large houses are also shaping the trend, she said.

Business Insider

Tags: $, Economy, Environment, Greed, Home, Lifestyle, Privilege, Real Estate

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08-Jul-2019


This is why America's travel business is worried

 

Foreign travelers to the United States bring billions of dollars into the economy each year. But that flow of people and money now appears to be at risk.

Last year set a record for tourism: 78.6 million foreign travelers came to the United States in 2018. But following that banner year, tourism is now in a slump. Travel in early 2019 is in decline, particularly from Canada, Mexico, China and South Korea. That slowdown started taking place in the second half of last year.

The travel industry is worried about how severe, and long lasting, that decline could be.

Tourism is a serious economic driver for the American economy. The United States enjoyed a $69 billion surplus on international travel last year, reducing the country's overall trade deficit by 11%, according to Tori Barnes, executive vice president of the US Travel Association, the industry trade group. On average,foreign travelers spend $4,000 each on visits to the United States. Chinese tourists spend about $7,000.

"It's a really significant economic impact," said Barnes.
Companies that rely on foreign tourism are starting to feel the decline in travel: For example, Tiffany's reported disappointing sales this week, in part because of a drop in purchases by foreign tourists at its US stores.

CNN

American Airlines responds to rapper Boosie's profane rant after missing flight

Another tourist dies in Dominican Republic

Tags: $, Americans, Backlash, Celebrity, Chemicals, Death, Drink, Economy, Employment, Environment, Health, Homophobia, Hostility, Hotel, Modernization, Murder, Music, Politics, Relationships, Representation, Respect, Safety, Travel, Treatment, Video, Warning, Weird, World

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11-Jun-2019


Your House Should Not Be Your Retirement Plan 

 

The average American is more likely to own a home than to have saved enough money for retirement. In fact, for many Americans, their house is their retirement plan: They’re counting on the value of that nest egg to fuel their golden years. But while real estate can be a good investment, it isn’t wise to rely on a house to fund your retirement. To explore why, Barron’s spoke with Teresa Ghilarducci, the Irene and Bernard L. Schwartz Chair in economic policy analysis in the Economics Department at the New School, and the author of How to Retire With Enough Money.

“You can’t eat your house a sandwich at a time,” she says.

Barrons

Tags: Aging, Choices, Economy, Finance, Home, Insurance, Interview, Opinion, Real Estate, Retirement, Seniors, Support, Survival, Tax

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30-Apr-2019


YOUNG PEOPLE ARE CHOOSING TO LIVE IN “PODS” INSTEAD OF APARTMENTS 

 

Young people have long chosen to rent coworking spaces and take rideshares instead of buying cars.

Now, some are pushing the sharing economy to its logical conclusion: NPR reports that young people in Los Angeles — and other cities around the country — are choosing to rent small pods instead of an apartment.

Through a service called PodShare, young people are giving up the comfort of a private home for a bunk bed with shared kitchen and bathroom facilities.

Futurism

The Affluent Homeless: A Sleeping Pod, A Hired Desk And A Handful Of Clothes

Tags: Choices, Economy, Finance, Real Estate, Survival, Youth

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25-Apr-2019


Forget That Social Security Increase, Seniors Are in Trouble. Here’s Why. 

 

You might have heard that Social Security checks are going up 2.8% this year, the biggest rise in seven years. That translates into an average benefit of $1,461 a month, up $39.

While welcome, it’s necessary to remember that the increase is tied to inflation. Higher payouts will simply enable retirees to keep up with the rising cost of living. It doesn’t mean that anyone’s standard of living will go up—as if an extra $1.28 a day will do much in the first place. Think of a treadmill: You’re not going anywhere.

In fact, retirees and those who are eyeing retirement risk going in a different direction: backward. A study by the Schwartz Center for Economic Policy Analysis at the New School finds that about 40% of middle-class Americans will live close to or in poverty by the time they reach age 65. “Golden years?” For millions, it’s doubtful.

Barrons

Tags: Aging, Economy, Finance, Poverty, Retirement, Seniors, Social Security, Study, Support, Survival

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22-Apr-2019




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