Tag Archives: inflation

Inflation hits McDonald’s suppliers: French fry supplier to close plant in WA

Posted on October 9, 2024 by | 5 comments

Inflation has hit all Americans hard during the Biden-Harris administration. It’s about to hit employees at a Lamb Weston plant in Connell, Washington, too.

From Yahoo:

“A major french fry supplier is cutting jobs as customers continue to count their pennies amid inflated prices at fast-food chains.

Lamb Weston, the largest producer of french fries in North America, announced last week it was closing its plant in Connell, Washington, meaning 375 employees, or 4% of its workforce, would be laid off, according to an earnings report released last week.

“Restaurant traffic and frozen potato demand, relative to supply, continue to be soft, and we believe it will remain soft through the remainder of fiscal 2025,” Tom Werner, Lamb Weston president and CEO, said last week on an earnings call.

Fast-food chains have felt the consequences of inflation as cash-strapped customers have been more careful about patronizing many restaurants. A survey in May revealed that 80% of Americans considered fast food to be a “luxury” because of high prices.”

Read the whole story here.

Inflation has hit us hard, indeed. According to a CBS News price tracker report from last month, since 2019 to to August 2024 potatoes (by the pound) have increased by 34%, a dozen eggs by 126%, and a loaf of bread by 54%. These price increases are unsustainable for the average American.

Remember wisely as you vote next month. Because things could get much, much worse:

DCG

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Bidenomics in Action: 99 Cents Only to close 371 stores

Posted on April 6, 2024 by | 2 comments

“Inflationary pressures” is one of the reasons cited for the stores closing.

From Daily Mail:

“Discount store 99 Cents Only has announced it will shutter all 371 of its locations, citing high inflation and rising theft as the reason for the closures.

The West Coast brand – which has shops  in Califorbia, Texas, Arizona, ad Nevada – announced the news in a press release Thursday without giving a timeline for the closures. 

It comes amidst a widespread ‘retail apocalypse’ which is seeing bricks-and-mortar stores struggle to combat rampant theft and increasingly tight margins.

Rival budget retailer Dollar Tree recently announced plans to shutter nearly 1,000 stores while also raising its price cap.

Mike Simoncic, interim chief executive officer of 99 Cents, said in a statement: ‘This was an extremely difficult decision and is not the outcome we expected or hoped to achieve. ‘Unfortunately, the last several years have presented significant and lasting challenges in the retail environment, including the unprecedented impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, persistent inflationary pressures and other macroeconomic headwinds, all of which have greatly hindered the company’s ability to operate.’

Meanwhile, Dollar Tree has announced plans to shut 1,000, Macy’s has said it will cull 150 – a third of its total – and drug store Rite Aid is shuttering 77. 

Last year, major US chains including Target, CVS, Macy’s and Rite Aid were behind nearly 3,000 stores closures in 2023.”

Read the whole story here.

As the saying goes:

DCG

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Posted in Democrats, Joe Biden

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Bloomberg: Eat lentils and let your pets die of cancer!

Posted on March 21, 2022 by | 6 comments

From Daily Mail:

“Bloomberg raised eyebrows with an op-ed telling Americans earning less than $300,000 to eat less meat and cut back on chemotherapy for pets to beat spiraling inflation.  

The business news outlet’s tweet that promoted the story also pointed out, ‘nobody said this would be fun,’ with scholar Teresa Ghilarducci’s article offering some very dark advice.  

In the widely-mocked piece, headlined ‘Inflation Stings Most If You Earn Less Than $300k,’ Ghilarducci, a NYC-based labor and retirement expert, suggests switching to vegetables as a way of avoiding inflated meat prices. 

‘Though your palate may not be used to it, tasty meat substitutes include vegetables (where prices are up a little over 4%, or lentils and beans, which are up about 9%),’ she writes. ‘Plan to cut out the middle creature and consume plants directly. It’s a more efficient, healthier and cheaper way to get calories.’

And for new pet owners, Ghilarducci advises ‘to rethink those costly pet medical needs’ by cutting back on cancer treatments for much loved furry-friends. 

‘It may sound harsh,’ she lectured. ‘But researchers actually don’t recommend pet chemotherapy — which can cost up to $10,000 — for ethical reasons.’

Ghilarducci also tells readers to reconsider public transportation to avoid gas prices, pointing out that public transportation prices are only up 8% compared to 38% for gas.”

This list of how you can lower your standard of living goes on here.

How about switching to policies that avoid America becoming the next Venezuela?

DCG

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Posted in clueless, Joe Biden, The Left

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