Businesses fear shutdowns if inflation doesn’t ease
According to the poll, 49% of small business owners said their costs have increased by more than 25%, but only 16% are able to pass those expenses onto customers.
John Klar: The tragedy of the poorly stewarded commons
It is not the peasants with sheep who are nibbling down societal resources to naught — it is the runaway government. The fox is rapaciously feeding in the government henhouse, both locally and nationally. And the Achilles Heel of the economy is monetary supply.
John Klar: Why food is about to get very expensive
That hamburger and the bun, cheese, and veggies — even the salt and special sauce — are all going to increase in cost while most citizens’ incomes stagnate or decline.
Gas prices hit record high every day for past two weeks
Gas prices have soared to new heights this month with the price of unleaded regular gas hitting a record high every day for the past two weeks. With Memorial Day weekend approaching, motorists face steep costs if they plan to travel.
Is the U.S. in a recession? Many analysts think so
A Morgan Stanley Wealth Management CIO on Monday projected a recession is 27% more likely in the next 12 months. On Tuesday, former Wells Fargo CEO Charles Scharft said at a Wall Street Journal event, “It’s going to be hard to avoid some kind of recession.”
Decades-old Winooski corner store closes its doors
Rising costs are making it difficult for small stores like his to compete. Product prices are increasing, which means higher costs for customers and lower profits for J&Js. “It’s really tough to make money,” said John Barton, owner of J&Js.
Gas prices surge to new record high Thursday, a day after stock market plummets
According to AAA, the average national price of a gallon of gasoline climbed to $4.59 Thursday morning. That’s up from $4.57 Wednesday, $4.41 a week ago and $3.04 last year at this time. JP Morgan analysts warn that gas prices could average more than $6 a gallon this summer.
Keelan: Where are all the young men and women?
Wonder why it is so difficult to find young workers in Vermont? Please stick with me and follow what might be the major reasons for the shortage of workers.
Small businesses struggle to survive in Biden’s economy: Poll
Just 27% of small business owners agreed the economy was in “good” or “excellent” condition. The figure represented the lowest rating of the current economic situation among small business owners since the group began the poll a year ago.
Running on empty: America’s diesel stockpiles are rapidly dwindling, fuel rationing on the horizon
“I wouldn’t be surprised to see diesel being rationed on the East Coast this summer,” John Catsimatidis, the CEO of United Refining Co., told Bloomberg on Wednesday. “Right now inventories are low and we may see a shortage in coming months.”
Biden administration cancels new oil leases as gas prices hit record highs
“Canceling oil and gas leases is part of Biden’s ongoing punishing of the industry including threatening banks for lending and investment,” said Daniel Turner, executive director of Power the Future. “We are all living the consequence: outrageously high prices and growing shortages.”
Gasoline prices set record Tuesday as Biden deflects inflation criticism
Gasoline prices set a record Tuesday as President Joe Biden blamed inflation on COVID-19 and Russia’s invasion of Ukraine. The national average of a regular gallon of gasoline was $4.374, up five cents from Monday, and $5.55 for diesel.