President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the Oval Office, but Trump now faces the task of how to ease voters’ frustration. Food inflation soared to a peak of more than 10% in 2022, but price increases have slowed to about 2%, U.S. Bureau of Labor Statistics data shows. Still, the yearslong bout of rapid inflation has sent food prices soaring more than 25% since President Joe Biden took office. Typically, prices do not fall across the board unless the economy slows or even tips into recession, which would
Tag Archives: business
Nov
File: Prepaid meters Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months. Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently. According to the Discos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800. This amount indicates an increase of 28.03 per cent or N32,800, depending on the distribution company and meter vendor. The new prices posted on the official X handle of the Discos on Wednesday were scheduled to take effect on Tuesday, November 5, 2024. It also reflects the deregulation of meter asset providers as directed by the Nigerian Electricity Regulatory Commission. This upward revision follows an earlier
Nov
Staff Reporter THE United States (U.S.) Embassy in Klein Windhoek, completed and inaugurated last year, has been recognised as the Best Project in the Government Building category by Engineering News-Record (ENR) in its Global Best Projects competition. ENR explained that the Global Best Projects Awards aim to celebrate the most innovative and impactful construction projects worldwide, emphasising resilience and ingenuity in overcoming complex challenges. BEST GOVERNMENT BUILDING: Photo of United States (U.S.) Embassy in Klein Windhoek. Photo: U.S. Embassy Namibia. “This esteemed recognition highlights the exceptional design and construction efforts behind the embassy, which reflects the United States’ commitment to fostering strong diplomatic relationships worldwide through the built environment,” the U.S. Embassy said. The embassy explained that ENR’s judges examined 120 projects this year, and from these, 35 projects from
Nov
ATLANTA — Democrat Kamala Harris and Republican Donald Trump zeroed in on the Sun Belt on Saturday as they embarked on one last weekend quest to sway every undecided voter in the battleground states. The presidential candidates pitched rival agendas on the economy — and more — that each insisted is what Americans want. “We have overcome every attack, every abuse and even two assassination attempts,” Trump said at a rally in Gastonia, North Carolina, outside Charlotte. “And now it all comes down to this.” Harris has been urging her supporters to vote early so she can be elected and provide the “new generation of leadership” that she argues she represents. “I am ready to offer that leadership as the next president of the United States of America,” she said
Oct
The US government may ask a judge to force the breakup of Google’s business as it attempts to challenge the tech corporation’s monopoly over the internet search market. The Department of Justice has filed court papers that say it is considering enforcing “structural remedies” that would prevent Google from using some of its products such […]