Wholesale egg prices have 'plunged.' Retail prices may follow

Via: Nerm_L  •  News Viners  •  36 Comments  •  1 Like  •  2 weeks ago

“Prices in the wholesale egg market have fallen more than 40% since late February. It may take a few weeks for retail prices to catch up.”

The fearmongers better act fast before the crisis is gone.  Next up on the play list will be whines about profiteering until the (high priced) retail inventory has been consumed. The whole crisis will be downplayed and forgotten in a matter of weeks, not months.

Retreat from Kursk: Ukrainian troops tell of catastrophe and panic

Via: Nerm_L  •  News Viners  •  7 Comments  •  3 Likes  •  2 weeks ago

“Five soldiers tell the BBC of their withdrawal in the face of overwhelming firepower and drones.”

When has Ukraine been in a position to defeat Russia since 2014?  What does Donald Trump have to convince Vladimir Putin to quit the war? The front lines of he war haven't changed since Nov. 2022.  Even with the expenditure of huge amounts of munitions, the amount of territory changing hands...

Trump administration toughens sanctions on Russian oil, gas and banking sectors

Via: Nerm_L  •  News Viners  •  11 Comments  •  3 Likes  •  2 weeks ago

“The stiffer restrictions come as the Trump administration is trying to convince Russia to accept terms of a proposed 30-day ceasefire.”

Cue whines that Trump will be forcing consumers to pay more at the pump.

Who Would Benefit the Most from Trump’s Social Security Tax Plan

Via: Nerm_L  •  News Viners  •  1 Comments  •  1 Like  •  2 weeks ago

“... removing taxation of income will benefit beneficiaries with incomes above $25,000 ...”

Gotta love the unbiased neoliberal press.  Anyone hear of a thing call Required Minimum Distributions?  People really are required to make withdrawals from their 401k and IRA retirement savings accounts.  Those withdrawals are income, folks.   All withdrawals from 401k and IRA accounts are...

A boon for US workers or 'incredibly irresponsible'? Expert slams Social Security Fairness Act, says it will lead to 'deeper and faster' benefit cuts — while millions stand to gain from it

Via: Nerm_L  •  News Viners  •  1 Comments  •  2 Likes  •  2 weeks ago

“Where are the people who promised to protect Social Security?”

A refreshing cuppa Joe for the weekend.  Enjoy.

American consumer sentiment plunges on trade war fears

Via: Nerm_L  •  News Viners  •  9 Comments  •  1 Like  •  3 weeks ago

“The Trump bump in consumer sentiment is now a Trump slump.”

Why is a decline in consumer sentiment a bad thing?  Consumption is the largest driver for climate change and environmental degradation.  Previous administrations shut down access to cheap energy which is a critical component for everything in our economy.  And that raised prices on everything....

Biden Promotes Hummer EV That Doesn't Even Qualify for Electric Vehicle Tax Credits

Via: Nerm_L  •  News Viners  •  7 Comments  •  3 Likes  •  3 weeks ago

“Biden sat in a truck that costs as much as $120,000 to promote a tax credit that only applies to EVs retailing for up to $80,000.”

Remember when Joe Biden promoted EVs by test driving a Hummer?  Probably not because the Hummer didn't actually qualify for Biden's rebates and was actually worse for the environment than an ICE vehicle. Just another bit of inconvenient history swept under the rug.  Now lets raise hell about...

Document prepared for Kremlin outlines hard-line negotiating stance

Via: Nerm_L  •  News Viners  •  3 Comments  •  2 Likes  •  3 weeks ago

“The document, written in February by a Moscow-based think tank close to Russia’s Federal Security Service, lays out Russia’s maximalist demands.”

Weakening Vladimir Putin opens the door for Russian hardliners to regain power within Russian domestic and foreign politics.  (Yes, hardline Russians that were opposed to Glasnost and who forced Mikhail Gorbachev out of office are still active in Russian politics.)  Joe Biden allowing Volodymyr...

Senate Democrats planning to save face, avoid government shutdown

Via: Nerm_L  •  News Viners  •  2 Comments  •  1 Like  •  3 weeks ago

“Senate Democrats say privately that they will not allow a government shutdown, despite growing pressure from activists and liberal lawmakers who...”

Sorry, folks, it's not Republicans who are in disarray.  And Democrats can't rely on the status quo to save face any longer.  The boo-hoo politics of hurting seniors, children, and the disabled doesn't really obscure the fact that a government shutdown would unleash Elon Musk and DOGE.  Democrat...

Egg Prices Plummet

Via: Nerm_L  •  News Viners  •  16 Comments  •  5 Likes  •  3 weeks ago

“The price of one dozen eggs rose to a high of more than $8 this month, but reports suggest costs are finally beginning to fall.”

It's a data point, not a trend.  But at least the data point gives hope for a desired trend.  The Trump administration can point to real, tangible efforts to lower egg prices and will, no doubt, take credit.  Some of that credit has been earned while most is yet to be realized.     This one is...