Oct 14 U.S. wholesale inflation rose a record 8.6 percent over 12 months By Martin Crutsinger, Associated Press The jump in inflation this year reflects higher prices for food and energy and a number of other items from furniture to autos as the pandemic has snarled supply chains and demand has outstripped supply. Continue reading
Oct 14 More than 10,000 John Deere workers go on strike By Associated Press The vast majority of the union rejected a contract offer earlier this week that would have delivered 5 percent raises to some workers and 6 percent raises to others at the Illinois company known for its green tractors. Continue reading
Oct 13 Facebook expands harassment policy to protect public figures By David Klepper, Associated Press The changes come amid mounting criticism of the company's handling of hate speech, misinformation and other kinds of harmful content. Earlier this month, a former Facebook data scientist told Congress that the platform has failed in its responsibility to protect… Continue reading
Oct 13 Watch 3:24 How Biden plans to combat 'longstanding weaknesses' in American supply chain By Yamiche Alcindor Combating the global supply chain delays that are negatively impacting the U.S. economy topped President Joe Biden's agenda Wednesday, as he promised new efforts to restore the supply chain and tame inflation. White House correspondent Yamiche Alcindor reports. Continue watching
Oct 13 Watch 9:04 Sec. Raimondo 'optimistic' about clearing supply logjam at U.S. ports by Christmas Judy Woodruff takes a closer look at how the Biden administration plans to address global supply chain challenges and combating inflation with Secretary of Commerce Gina Raimondo. Raimondo addresses both the supply shortage of general consumer goods and also vital… Continue watching
Oct 13 Watch 6:33 Government, private sector cooperation necessary to clear supply bottleneck, expert says Judy Woodruff looks at the limits of what President Joe Biden can do about the supply and delivery issues facing the United States, and other problems affecting the economy simultaneously, with David Lynch of The Washington Post. Continue watching
Oct 13 Administration sets plan for 7 offshore wind farms by 2025 By Matthew Daly, Associated Press The projects are part of the administration's plan to deploy 30 gigawatts of offshore wind energy by 2030, generating enough electricity to power more than 10 million homes. Continue reading
Oct 13 Logjam at busiest UK commercial port could cause Christmas shortages By Pan Pylas, Associated Press A logjam at the U.K.'s busiest commercial port has ratcheted up concerns that the country could see shortages of toys, food and other items during the crucial Christmas holiday period. Continue reading
Oct 13 White House aims to ease supply chain bottlenecks with deal to make LA port 24/7 By Josh Boak, Associated Press The White House said Wednesday it has helped broker an agreement for the Port of Los Angeles to become a 24-hour, seven-days-a-week operation, part of an effort to relieve supply chain bottlenecks and move stranded container ships that are driving prices higher for U.S. consumers. Continue reading
Oct 13 WATCH: Biden delivers remarks on deal to make LA port a 24-hour operation By Josh Boak, Associated Press The supply chain problem is tightly linked with the broader challenge of inflation confronting Biden, as higher prices are creating both economic and political risks. Continue reading