Following its heartbreaking loss to Italy in the UEFA Euro 2020 soccer finals, devastated England fans went home to dream about a next year, while jubilant Italy fans continued to celebrate. Just a few hours earlier, England fans had swarmed into special fan zones set…
Recent data from the Bureau of Labor Statistics show that the average price level for consumers rose 5.4% over the past year. While some are expressing concern over rising inflation leading the economy to “overheat,” there is some evidence indicating that this is due to…
The past few months has seen a dramatic increase in the demand for vehicles. As cities begin to reopen, households are looking to purchase new cars to drive to the office and go on road trips. However, as noted in a previous post, supply chain…
If you’ve found yourself waiting for service at a bar or restaurant recently, you’re not alone. Across the country, widespread labor shortages are creating new headaches for the hospitality industry, arguably one of the harder hit industries during the COVID-19 pandemic. The industry, already reeling…
After decades of struggling with high rates of inflation, in 2001 the nation of El Salvador abandoned the use of its local currency, the Salvadoran colón, and made the US dollar its official legal tender. Twenty years later, El Salvador has announced that it will…
The news from the Federal Reserve confirmed what many had been suggesting in recent weeks: the U.S. economy is rapidly heating up. Concerns about the potential for inflation have been swirling in boardrooms and in the media for some time, making the report from the…
The pandemic led to widespread disruptions across the world’s supply chains, leading to inflation and higher prices for many commodities. In response to these increasing costs, some companies have elected to reduce the size of their packaging rather than raise prices. For instance, Walmart shrank…
This video (Run Time: 6:53) explores the complicated challenge facing Western companies doing business in China as they react to demands from human rights activists intent on righting wrongs in China’s Xinjiang province and calls for boycotts from China’s social media influencers. The complex situation…