Wendy’s ‘surge pricing’ mess looks like a case study in stakeholder conflict
Just two words created a publicity nightmare for fast-food giant Wendy’s: dynamic pricing.
National/regional news and analysis
Employees have a right to express support for Black Lives Matter while they’re on the job, according to a historic labor board decision
The aftershocks of George Floyd's death are still reverberating for Home Depot. Godofredo A. Vásquez-Pool/Getty ImagesA Home Depot store violated labor law when it disciplined Antonio Morales, the National Labor Relations Board ruled on Feb. 21, 2024.
Buyouts can bring relief from medical debt, but they’re far from a cure
Medical debt can have devastating consequences.
Congress’ failure so far to deliver on promise of tens of billions in new research spending threatens America’s long-term economic competitiveness
Science is again on the chopping block on Capitol Hill.
How ‘hometown associations’ help immigrants support their communities in the US and back in their homelands
Many Mexican immigrants stay connected to communities in their country of origin. ronniechua/iStock via Getty Images Plus“Hometown associations,” also known as migrant clubs, are nonprofits formed by immigrants who are originally from the same place in their country of origin.
UAW’s Southern strategy: Union revs up drive to get workers employed by foreign automakers to join its ranks
A UAW supporter in 2017 outside a Nissan plant in Canton, Miss., ahead of a vote the union lost. AP Photo/Rogelio V. SolisPersuading Southern autoworkers to join a union remains one of the U.S. labor movement’s most enduring challenges, despite persistent efforts by the United Auto Workers union to organize this workforce.
Brazil now forecast to see double-digit inflation
Headline inflation has increased markedly across both advanced and emerging market (EM) economies this year ending up much higher than we forecast six months ago. Consumer price inflation is expected to remain elevated until at least the second quarter of 2022 as ongoing supply chain disruptions, higher energy prices, and stronger-than-expected demand in countries such as the US provide additional impetus to already buoyant goods prices. Nowhere is this clearer than in Brazil, where annual inflation rose to 10.67 per cent in October, the highest rate since January 2016.
Worrying about the US inflation outlook
In October 2021, the US 12-month CPI inflation rate reached its highest level in the US since 1990, 6.2 per cent year-on-year. Pent-up demand and higher energy prices have been a major factor in the increase but supply chain shortages and increases in other commodity prices also explain more recent increases (see Sanchez Juanino, Macchiarelli and Naisbitt, 2021).
What next after the largest month on month rise in the CPI since April 1993
CPI Inflation rose to 4.2% from the previous months 3.1%, slightly higher than we had expected. The anticipated twin effects of the increase in the OFGEM price cap and an increase in the VAT rate on hospitality (partially reversing the July 2020 reduction) both impacted the figure as did surging petrol and diesel prices. Since there was a base effect of 0% dropping out from September 2020, all the change in headline inflation in October arises from the new inflation in the month September to October 2021 which represents the largest month on month increase since April 1993.
CPI Inflation, September 2021
CPI Inflation fell to 3.1% from the previous months 3.2%. Inflation was expected to fall as there was a “base effect” of -0.4% as the increase in inflation in August-September 2020 dropped out (this spike of 0.4% was partly due to the rebound from the Eat Out to Help Out and VAT cut in August 2020). However, in addition to this base effect, there was a significant element of new inflation, with prices rising by 0.3% between September and August. This followed from a very sharp rise of 0.7% in July-August.
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