Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

10 Friday AM Reads

My end-of-week morning reads: • The Real Culprit Behind High Grocery Prices: Rogé Karma: from 2015 to 2019 wages grew about 30 times faster than grocery prices; food now costs about 30% more than in January 2020. City-run stores and price controls would barely dent it. The Kitchen Table Project’s answer is a public option… Read More The post 10 Friday AM Reads appeared first on The Big Picture .

The Real Culprit Behind High Grocery Prices: Rogé Karma explores why grocery prices have surged 30% since January 2020. While wages grew about 30 times faster than food costs between 2015 and 2019, city-run stores and price controls would have little impact on reducing prices. The Kitchen Table Project proposes a public option for food purchasing to address this issue, utilizing existing government procurement for the military and schools.

Written by urgent.news from The Big Picture's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at ritholtz.com →

More in Finance & Markets

Ensign Energy Swings To Profit In Q3

(RTTNews) - Canadian oilfield services company Ensign Energy Services Inc. (ESI.TO, ESVIF.PK) on Friday reported a third-quarter profit compared with a loss a year earlier as revenue increased.

More from Friday 6 November →