Commentary PITTSBURGH—Word travels fast in places like this city’s iconic small-business district filled with third- and fourth-generation family-owned businesses, the majority of which are centered on two things: relationships and food. Relationships and food, but not politics. At least not usually, thank goodness. The relationships come not just from the generational loyalty of people repeating…
The Covenant Between the Main Street Consumer and Big Corporations Is Collapsing
Bank of Canada Survey Suggests Businesses, Consumers Expect High Inflation for Longer
OTTAWA—Canada’s central bank says businesses and consumers are increasingly convinced that the pace of price increases will continue for the foreseeable future. The Bank of Canada said Monday that its pair of quarterly surveys of businesses and consumers show respondents expect the annual rate of inflation to remain above the Bank of Canada’s two percent…
Public Group Wants Role in Talks Over Probe Into Alleged ATCO Illegalities
EDMONTON—A group representing residential power consumers wants a seat at any discussions involving alleged illegal behaviour by one of Alberta’s main power providers and is asking the regulator to release all information involving ATCO’s actions. Jim Wachowich, lawyer for the Consumers’ Coalition of Alberta, said ATCO is trying to “deflect attention” by keeping the matter…
Foreign Brands Attract More Chinese Consumers on China’s Livestream Shopping Platforms
Livestream shopping has become a new consumer trend in China, with ambassadors from around the world invited to promote their specialty products to Chinese consumers, oftentimes resulting in hot sales. One expert noted that this trend reflects Chinese consumers’ distrust in domestic brands. This online shopping method became popular in the past two years amid…
Vegetables Pricier Than Pork Worry Chinese Consumers as Costs Swell
October 27, 2021
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BEIJING—Vegetable prices are surging in China after heavy rain swamped crops this month, fuelling concern over food prices at a time when consumers must brace for a hike in energy costs in the run-up to winter. Unusually heavy rains drenched northern swathes of China in September and early this month, flooding the top vegetable-growing province…
German Regulator Cuts Power, Gas Grid Earnings to Protect Consumers
FRANKFURT—Germany’s federal network agency on Wednesday curbed the permitted return on new infrastructure for power and gas networks in the years to 2029 in a move aimed at protecting consumers from higher energy bills. In its equity interest rates for the networks published on Wednesday, the authority proposed a permitted return for new infrastructure of…
More Pain for British Consumers as Grocery Prices Rise
LONDON—British grocery prices increased 1.7 percent in the four weeks to Oct. 3 year-on-year, market researcher Kantar said on Tuesday, adding to pressure on households already facing soaring energy bills. With inflationary pressures mounting in the British economy, one Bank of England policymaker on Saturday told households to get ready for early interest rate rises….
UK Consumer Confidence Slides as Inflation Worry Mounts: Bank of America
LONDON—British consumer morale has fallen to its lowest since February, when the country was under heavy COVID-19 restrictions, due to worries about the economic outlook and about rising prices, a Bank of America report showed on Friday. The survey chimed with other gauges of consumer confidence in Britain that have suggested a growing cost-of-living squeeze…
White Striping Disease Found in More Than 90 Percent of US Store-Brand Chickens, Study Finds
September 22, 2021
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More than 90 percent of U.S. store-brand chickens have the muscle disease known as “white striping,” according to findings released on Monday by The Humane League. White striping disease is a muscle myopathy that occurs when chickens are bred for rapid growth. The stripes appear on the chickens when they are unable to keep up with…
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California Purchasing Managers Expect Manufacturing Sector to Boom in Third Quarter
Commentary Manufacturing executives in California are more excited about their growth prospects than they’ve been in nearly 20 years. That’s the takeaway from a recent Chapman University polling of purchasing managers at manufacturing companies. Professors at the university’s A. Gary Anderson Center for Economic Research surveyed buyers from throughout the Golden State about their expectations…