GDP Growth Slows in the First Quarter of 2024
US GDP grew at a 1.6 percent annualized rate in the first quarter of 2024. This is significantly lower than the 3.4 percent growth in the fourth quarter of 2023.…
Soup Company in Hot Water
Campbell Soup is being sued by the Department of Justice and two environmental groups. The suit alleges that the company’s manufacturing plant in Napoleon, Ohio has been discharging contaminated wastewater…
Corn Prices Have Popped
Following an unusually dry summer in 2023, US corn farmers expected a poor harvest and an increase in the price of corn. In anticipation of this price increase, many farmers…
Bottoms Up? Scotland Set to Raise Minimum Alcohol Prices
In an effort to curb alcohol-related deaths and hospitalizations, Scotland is preparing to increase their minimum alcohol prices. The new rule would raise the minimum price per alcohol unit by…
All US GDP Components Grew in 2023
Despite fears of a recession following the Federal Reserve’s raising of interest rates to cut inflation, the US economy saw real growth of 3.1% in 2023. A large part of…
No More Free Riders: Ridership Plummets After Bus Route Begins Charging Fares
In October 2022 the Pinellas Suncoast Transit Authority (PSTA) launched its new Sunrunner bus service. The $44 million dollar project created a 10.3-mile route with dedicated bus lanes to shuttle…
Your Money Is No Good Here
American Airlines announced it would no longer accept Argentine pesos for cash sales of airline tickets. All transactions must be made with either a credit card, bank deposit, or wire…
A Falling Tide Slows All Boats
An unusually dry October has lowered the water level of the lake that is used to operate the Panama Canal’s channel system. As a result, the Canal Authority has reduced…
Endless Shrimp Sinks Red Lobster Profits
Seafood restaurant chain Red Lobster posted an $11 million loss for the third quarter of 2023. The primary driver of this loss was their Ultimate Endless Shrimp deal. What was…
Breaking News: Egg Producers Found Guilty of Price-Fixing
A jury ruling in November 2023 finally put to rest a price-fixing case that was filed in 2011. The jury found that four of the US’ largest egg suppliers conspired…