Could Nuclear Fusion be the Answer to New Jersey’s Renewable Energy Supply? One Lawkmaker Says Yes
TRENTON, N.J. — A new bill introduced in the New Jersey Legislature aims to classify fusion energy as a Class I renewable energy source under the state’s “Electric Discount and Energy Competition…
Expect Inflation, Supply Shortages To Last Well Into 2022, Economists Say
High inflation will last well into 2022, economists say, indicating that supply chain bottlenecks will keep increasing prices and curbing production. Experts expect to see average inflation of 5.25% in December, slightly…
Biden adjusts misleading “It costs nothing” for $3.5 trillion spending message
Since announcing his $3.5 trillion Build Back Better agenda, President Joe Biden and senior White House officials declared the spending will cost Americans nothing. During a speech on September 27th, Biden said,…
Poll Suggests Bad News For Holiday Shoppers Amid Supply Chain Chaos
Over half of Americans shopping for the holiday season say they’re experiencing difficulties buying products, according to a new poll. When asked if they had experienced any holiday shopping issues, 51% of…
‘Higher Bills For American Families’: House Republicans Demand Answers From Biden Administration On Energy Crisis
Republicans on the House Energy and Commerce Committee urged the Biden administration to lay out its plans for tackling the looming energy crisis. The representatives noted that the federal government was responsible…
Retail Sales Beat Expectations Amid Surging Inflation
U.S. retail sales increased in September, beating expectations amid growing inflation and supply chain disruptions, the U.S. Census Bureau reported Friday. Retail sales increased 0.7% in September, beating experts’ estimates of 0.2%,…
Wholesale Inflation Increases To Record High As Supply Chain Disruptions Continue
The Producer Price Index, which measures inflation at the wholesale level, rose 8.6% in the 12 months before September, marking the largest single-year increase since the metric was created in 2010, the…
North Carolina Man Sentenced for Conspiring to Defraud Massachusetts-Based Uniform Supply Company
BOSTON – A North Carolina man was sentenced yesterday in connection with a scheme to defraud his former employer, a Massachusetts-based uniform-supply company, by falsifying invoices. Keith Smedley, 49, was sentenced by…
Inflation Rises Again As COVID Recovery Slows And Supply Chains Remain In Chaos
The Consumer Price Index increased 0.4% in September, bringing the key inflation indicator’s year-over-year increase to 5.4%, the U.S. Bureau of Labor Statistics announced Wednesday. The year-over-year 5.4% inflation figure is an…
IMF Expects Less Economic Growth From US Amid Supply Chain Chaos
The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health concerns. In the International Monetary Fund’s (IMF) World Economic Outlook report, released Tuesday, the…
Food Prices Increasing As Companies Face Supply And Labor Shortages
Food prices have surged as companies battle increasing costs, labor shortages and supply chain problems, The Wall Street Journal reported. Food companies are struggling to find trucks and staff processing lines as…