Economy
WTF Is Going on With Absurd Egg Prices? Corporate Greed, Group Tells FTC
Egg producers' profit margins are soaring as Americans struggle to keep up with price hikes, Farm Action said in a letter to the FTC.
Dollar Stores Are the ‘Fastest-Growing’ Food Retailers In US, Study Finds
As the cost of everything from food to gas goes up, Americans—especially in rural areas—are getting a bigger share of groceries at dollar stores.
More People Must Lose Jobs to Fight Inflation, Larry Summers Bravely States From Tropical Beach
The former Treasury Secretary, speaking from a beach, praised the Federal Reserve for having "come around" to the view that unemployment must rise.
FTC Proposes Ban on Worker Non-Compete Clauses
The agency stated that noncompete clauses are bad for both the labor market and innovation. The proposed rule would make them illegal.
A Major Government Housing Policy Will Only Deliver 184 New Affordable Homes, Analysis Finds
Only 2 percent of the 1 million homes being promised by the Housing Accord will be affordable. All of them are in Greater Darwin.
‘Record Number’ of Australians Are Concerned About Climate As Albanese Snubs COP27
“I think people are getting a bit weary of the Albanese government trying to have it both ways.”
Of Course War-Profiteering Gas Companies Don’t Want to Give Workers More Power
The government is trudging ahead with a massive industrial relations bill that would allow workers to bargain for pay deals across multiple companies.
Australia’s Rising Poverty Rate Is a ‘Political Choice’
“People can’t eat these reports, people can’t eat these inquiries.”
Young Australians Are Expected to Get Screwed by the Government’s Tax Cuts
“Basically, from an age perspective, the Stage 3 tax cuts are cooked.”
Why Is the Pound Falling and What Does That Mean for Me?
A sterling explainer for people who aren't good with figures.
Economists Say Life Is Going to Be More Expensive Forever, Sorry
The price of essentials like rent and medical drugs will never come down to pre-pandemic inflation levels if corporate greed goes unchallenged.