Posts Tagged ‘hikes’

UK Train Strikes And Energy Hikes Add To Week Of Economic Turmoil

Prime Minister Liz Truss introduced a highly controversial program of tax cuts that sent the pound tumbling last week. Source

Fed rate hikes won’t tackle the corporate profiteering behind inflation, experts tell Congress

One day after the U.S. Federal Reserve imposed yet another interest rate hike, a trio of progressive political economists on Thursday told members of the House Committee on Oversight and Reform that the best way to curb rising prices—without further punishing workers by deliberately plunging the nation into a recession—is to confront the corporate profiteering […]

Fed rate hikes won’t tackle the corporate profiteering behind inflation, experts tell Congress

One day after the U.S. Federal Reserve imposed yet another interest rate hike, a trio of progressive political economists on Thursday told members of the House Committee on Oversight and Reform that the best way to curb rising prices—without further punishing workers by deliberately plunging the nation into a recession—is to confront the corporate profiteering […]

Fed rate hikes won’t tackle the corporate profiteering behind inflation, experts tell Congress

One day after the U.S. Federal Reserve imposed yet another interest rate hike, a trio of progressive political economists on Thursday told members of the House Committee on Oversight and Reform that the best way to curb rising prices—without further punishing workers by deliberately plunging the nation into a recession—is to confront the corporate profiteering […]

US Federal Reserve hikes interest rates for the third time to fight rising inflation

Intensifying its fight against high inflation, the US Federal Reserve, or the Fed, raised its key interest rate by substantial three-quarters of a point for a third straight time and signalled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession. The Fed’s move boosted its […]

US Federal Reserve hikes interest rates for the third time to fight rising inflation

Intensifying its fight against high inflation, the US Federal Reserve, or the Fed, raised its key interest rate by substantial three-quarters of a point for a third straight time and signalled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession. The Fed’s move boosted its […]

World Shares Slip as Markets Brace for More Rate Hikes

Shares opened lower in Europe after a day of declines for most Asian markets, as investors braced for another interest rate hike this week by the U.S. Federal Reserve. Britain was observing a day of mourning for Queen Elizabeth II. Japan’s markets were closed for a holiday. Germany’s DAX lost 0.3 percent to 12,701.41 while […]

Tunisia hikes cooking gas, fuel prices in bid to cut subsidies

Tunisia said on Saturday it is raising the price of cooking gas cylinders by 14% and fuel by 3% as part of a plan to reduce energy subsidies, a policy change wanted by the country’s international lenders, Reuters reports. The Energy Ministry said the cooking gas price will increase to 8.800 dinars from 7.750 dinars, in the first […]

Reserve Bank of Australia Governor Hints at An End to Aggressive Rate Hikes

The governor of Australian central bank, the Reserve Bank of Australia (RBA), has signalled that it might stop raising interest rates aggressively and adopt a more gradual approach. This comes after the central bank lifted the official cash rate for the fifth consecutive time in 2022 on Sept. 6, taking it to 2.35 percent from […]

Greece, Cyprus don’t follow EU States in culture price hikes

Greece and Cyprus have not followed EU states in increasing costs in cultural goods, per the recent data from Eurostat. According to the report, many sectors are registering price hikes, including culture. Increases above the general inflation were observed at the EU level in some cultural goods, including newspapers and periodicals, when comparing July 2022 with […]

Latest price hikes in Gaza make basic subsistence a luxury

Between the effects of the Russia-Ukraine War and the latest Israeli assault, food prices in Gaza are soaring. Source

“Shrinkflation” – How Food Companies Implement Massive Price Hikes Without You Ever Noticing

From Wake Up New Zealand (source, ZeroHedge) Do you ever get the sense that your favorite steak at that Quick Service Restaurant of your choice keeps getting thinner and thinner all while your check size at the end of the night continues getting larger and larger. Well, it is.  How else are publicly traded chains […]

Interest Rate Hikes Will Not Save Us From Inflation

In prescribing cures for inflation, economists rely on the diagnosis of Nobel laureate Milton Friedman: inflation is always and everywhere a monetary phenomenon—too much money chasing too few goods. But that equation has three variables: too much money (“demand”) chasing (the “velocity” of spending) too few goods (“supply”). And “orthodox” economists, from Lawrence Summers to […]

Renters Are Being Fleeced With Huge Rent Hikes And Evictions

Gerardo Vidal, who has lived in the same apartment in Queens, New York, with his family for 9 years, recently received a $900-a-month rent increase this year. “It means having to uproot my entire family, given the fact we’re still having a difficult time earning money due to the pandemic and loss of jobs,” said […]

Federal Reserve Hikes Rate Target 75 Basis Points

The Fed’s biggest hike since 1994.

Biden Hikes Medicare Prices And Funnels Profits to Private Insurers

Jun 1, 2022•Matthew Cunningham-Cook Biden Hikes Medicare Prices And Funnels Profits to Private Insurers The largest-ever Medicare premium increase will pad the pockets of insurance executives who donated millions to the president’s election campaign. (AP Photo/Susan Walsh) SHARE Last week, the Biden administration quietly reaffirmed its decision to enact the highest Medicare premium hikes in history right […]

Beat the food price hikes & grow your own food

I’ve posted many articles over the years on growing your own food. It is like printing your own money one person has quipped. We also post here NZ Gardening Guru Wally Richards’ info. Wally’s been in action for many years, a fantastic go to for advice. (Search his name in the search box). Right now […]

‘I was shocked at the prices,’ inflation causes hikes at Gaza’s markets

On a November afternoon at the largest supermarket in the Shuja’iyya neighborhood in the Gaza Strip, for a first time the owner Mohammed Ezz finds himself staring at empty shelves.  Rising inflation has pushed prices for consumer goods to their highest level since 2010, making the cost of restocking unaffordable to the 34-year-old grocer. With […]

Supply chain crisis, shortages, price hikes to continue well into 2022

Home » Economy, North America » Supply chain crisis, shortages, price hikes to continue well into 2022     Top economists at Goldman Sachs now warn of upcoming food shortages, price hikes and an ongoing supply chain crisis that will continue well into 2022. If no solution is found, the supply chain crisis could continue […]

Consumer Price Hikes Soften in August, Annual Inflation Stays Stubbornly High

The pace of consumer price inflation fell in August to its lowest monthly level since February, though the 12-month rate of inflation remained historically high, a new government report shows. The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly […]

The IMF And World Bank, Who Pay No Taxes, Are About To Talk About Tax Hikes And Inequality

By Michael Every of Rabobank Koestler-Push Inflation The IMF and World Bank spring meetings are about to kick off, where those who pay no income tax get to talk about tax evasion, tax hikes, inequality, and Building Back Better. US Treasury Secretary Yellen will use the platform to push for a global standardization – upwards […]

This Week in Congress: Tax Reform and Tax Hikes

This Week in Congress: Tax Reform and Tax Hikes By ns_adminhttp://www.campaignforliberty.org/week-congress-tax-reform-tax-hikes Thanks to a group of so-called deficit hawks the Senate has to delay voting on the tax reform bill. As of this writing it appears the final deal will reduce the size of the tax cut by $350 billion dollars. The problem started when […]

75 Year Old Hikes The Whole Appalachian Trail

Tom Young has always been a strong person. He was in the Army for 31 years, in military intelligence. He really took the Army’s motto “be all you can be” to heart, and decided to trek the whole Appalachian Trail. The trail crosses fourteen states, and is 2,189 miles long. The kicker? He’s 75. His […]

Ron Paul and Norm Singleton react to Fed rate hikes

Ron Paul and Norm Singleton react to Fed rate hikes By ns_adminhttp://www.campaignforliberty.org/ron-paul-norm-singleton-react-fed-rate-hikesCampaign for Liberty Chairman Ron Paul and President Norm Singleton issued the following statements regarding the Federal Reserve’s interest rate increase: Ron Paul — The Federal Reserve claims it can continue “tightening” — even though it is still leaving interest rates at historically low […]

US Hikes ‘Combat Power’ in Southern Syria

Shi’ite militias who had been involved in the Mosul invasion in Iraq have been making for the Syrian border, looking to help the Shi’ite militias inside Syria with fighting ISIS. The problem is that US-backed rebels are smack in the middle of these two sides, and the US has even targeted the militias inside […]

White House expects Iran may carry out more missile launches in coming days

The United States assumes that Iran may carry out more missile launches in the coming days, following reports of several tests Tehran conducted over the course of this week, White House spokesperson Josh Earnest said on Wednesday. WASHINGTON (Sputnik) — Earlier this week, according to reports, Iran carried out ballistic missile tests that Washington vowed […]

Foreign media reporters are obliged to adopt Israeli lies

Days of Palestine, Jerusalem -Subcommittee of Israeli occupation Knesset has questioned foreign media reporters over claims of media bias regarding the coverage of Israeli violence against Palestinians. On Tuesday, the Foreign Press Association (FPA) expressed disappointment after its members were summoned to the subcommittee hearing in the Knesset to be reviewed for recent coverage of […]

Ted Cruz: Middle East was better off before US overthrew Libya and Iraq

     Republican presidential candidate Ted Cruz said that the Middle East was more stable before the United States helped topple dictators Saddam Hussein in Iraq and Moammar Gadhafi in Libya. The Texas senator went into detail about his foreign policy strategy in an interview on MSNBC’s “Morning Joe.” He said the United States should be […]

The Arab Spring: Made in the USA

Arabesque$: Enquête sur le rôle des États-Unis dans les révoltes arabes (Investigation into the US Role in the Arab Uprisings) is an update of Ahmed Bensaada’s 2011 book L’Arabesque Américaine. It concerns the US government role in instigating, funding and coordinating the Arab Spring “revolutions.” Most of this history has been carefully suppressed by the western media.The […]

Armed, masked Greek men attack refugee boats, leaving stranded people to die at sea – HRW

The report bases its findings on nine witness testimonies detailing cases of masked, often armed, assailants intercepting boats off the Aegean Sea coast, which are usually headed from neighboring Turkey carrying refugees from the Syrian war.  The most recent case allegedly took place on October 7 and 9, when the attackers allegedly disabled the engines of several boats […]

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