The other reason why food prices are rising

The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. More expensive fertilizers are contributing to those higher costs, with some fertilizers spiking 300% since September 2020, according to the American Farm Bureau. “Last year [fertilizer] was around $270 per ton and now it’s over $1,400 … Read more

How Sri Lanka’s economic collapse raises alarm bells for other emerging markets

During the 2010s, Sri Lanka had one of the fastest-growing economies in Asia. Things took a 180-degree turn at the end of the decade as the country’s economy stumbled. In May 2022, the government defaulted on its debt for the first time in history. As inflation continued to spiral out of control, with a massive … Read more

Detroit real estate developers rebuild city amid budget shortfalls

A new wave of development is rippling through downtown Detroit. “Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022,” said Ramy Habib, a local entrepreneur. “It is absolutely magnificent what happened throughout those 15 years.” Between 2010 and 2019, just 708 new housing structures went up in the … Read more

Why the best states for business may be the worst for workers

Corporations are not afraid to pick up and move. Many states are offering companies enticing incentives like lower taxes if they move their operations, but a superior business climate does not always equate to a superior working climate. “Things that benefit employers when it comes to their bottom line or their margin, in terms of … Read more

How HIMARS could change the Ukraine-Russia war

Artillery has quickly become the most important weapon in Ukraine’s war with Russia. Ukrainian forces have begun to use newer Western artillery, like the M777 Howitzer, in the battlefield. But a different kind of weapon has had a bigger impact. The American-made High Mobility Artillery Rocket System, aka HIMARS, has been a major high-tech upgrade … Read more

How Chris Smalls formed Amazon’s first U.S. union and what’s next

When more than 2,600 workers at a Staten Island, New York, warehouse called JFK8 voted to join Amazon’s first US union in April, it was a historic moment. But it was only the first step in a long uphill climb toward a contract. A week after the union won the election at JFK8, Amazon filed … Read more

Ford’s Mustang Mach-E electric crossover awards could help it take on Tesla

Ford’s first real attempt at an electric vehicle has been quite a hit with critics. The Mustang Mach-E replaced the Tesla Model 3 as Consumer Reports’ Top Pick in February 2022. It was named the Top Car in the Automobile Association of America (AAA) Car Guide in May. Car and Driver awarded it the magazine’s … Read more

Auto dealerships are facing a shortage of technicians to fix cars. Here’s why

It’s not just hard to buy a new car these days – it’s getting tough to even get one fixed. There just aren’t enough workers to do the job. Dealers and auto repair shops are struggling to recruit and retain technicians and other service department workers. Auto dealerships, like many industries, are feeling the effects … Read more

Here’s why Supreme Court justices are allowed to trade stocks

The US Supreme Court is in the spotlight following its decision to overturn Roe v. Wade and to allow the concealed carrying of a firearm in New York. Those rulings are happening at a time when more experts are calling for reforms to the nation’s highest court. “The Supreme Court is in drastic need of … Read more

The fight against stolen products on Amazon and Facebook Marketplace

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional shoplifting. Rather, what they’re seeing is theft organized by criminal networks. And there’s a reason … Read more