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Wednesday, dec 25
Lifestyle
Westchester County Executive Proposes Gas Tax Cap, Free Bee-Line Buses
Westchester County Executive George Latimer is pushing to make transportation cheaper and more accessible for area residents. During his latest briefing, Latimer announced that he is directing the county’s Bee-Line bus service to suspend fares for riders during the summer until a later date. The free rides are expected to begin on Wednesday, June 1. In addition to the Bee-Line bus announcement, Latimer also threw his support behind suspending gas taxes amid record inflation in record-high prices at the pump. That legislation has been submitted to the Westchester Board of Legislators, he …
Business
Discount Supermarket CEO Makes ‘Price Promise’ Pledge As Inflation Rate Soars
With inflation skyrocketing across the country, causing the price of food and other merchandise to surge, one supermarket head vowed to keep a tight rein on costs for customers. Aldi US CEO Jason Hart penned a “price promise” letter to consumers this week making a pledge to keep costs down at the discount supermarket chain. Aldi CEO Jason Hart.Aldi “Saving you money is what we do best,” he wrote. “And in times like these, I’m incredibly proud to underscore this commitment to you: no matter what happens in the world around us, Aldi will always be the low-price leader in every community w…
Business
Increases In Cost Of Eggs, Meat Linked To Bird Flu
With the avian flu detected in nearly half the states across the country, it has posed an unexpected price hike for consumers looking to purchase poultry, eggs, and other produce in advance of the spring holidays. Earlier this year, upwards of 25 states announced a rise in positive cases of a dangerous, easily-transmissible strain of avian flu. According to reports, the outbreak of bird flu has led to an unexpected rise in grocery bills, specifically on the price of meat and eggs, which have doubled in some states over the past several months since the flu was first recorded. The price hi…
Business
Amazon Adds New 'Fuel, Inflation' Surcharge To Seller Fees For Prime Shipments
A new "fuel and inflation surcharge" on third-party sellers who ship through Amazon will be added by the e-commerce giant. The five-percent increase will take effect on Thursday, April 28, and will include products purchased before that date. The surcharge could apparently increase or decrease in the future. "In 2022, we expected a return to normalcy as COVID-19 restrictions around the world eased, but fuel and inflation have presented further challenges," Amazon stated in a memo to sellers obtained by NPR. "It is still unclear if these inflationary costs will go up or down, or f…
Business
Inflation Plus War Equals Uncertainty For New York Consumers, New Poll Reveals
There is growing uncertainty among New Yorkers as the Ukraine conflict rages on and inflation continues to rise, according to a newly released Siena College poll. Pollsters said that the New York State Index of Consumer Sentiment has dipped to 68 percent, down more than five points from the last poll in the fourth quarter of 2021. The poll found that the sentiment for the first quarter of 2022 found that metro New York had a more optimistic outlook, with more than 73 percent expressing a positive sentiment versus upstate New York, which fell under 61 percent. Officials noted that New York…
Lifestyle
Here Are Adjustments NYers Are Making In Response To Inflation, New Poll Reveals
Researchers have reported the findings of a new poll about the adjustments New Yorkers plan to make to their lifestyles in response to inflation. The Siena College Research Institute published the findings of an economic impact survey conducted in March. Researchers found that 26 percent of respondents said inflation is having a very negative effect on their personal finances, and 44 percent said it is having a somewhat negative effect. Eighty-seven percent of respondents reported that they are concerned about the cost of food in light of economic conditions and the war in Ukraine, and 80 …
Politics
Town Supervisor In Westchester To Run For State Assembly
A popular Republican lawmaker in Northern Westchester announced that he will be stepping away from his current position at the end of the year as he seeks a state Assembly seat. Yorktown Supervisor Matt Slater, age 36, who was re-elected for a second term in an uncontested election in November, says he will challenge for the seat currently held by Republican Kevin Byrne in the 94th State Assembly District this year. The 94th District includes parts of Northern Westchester and most of Putnam County. It is currently occupied by Byrne, who earned the GOP nomination to run for longtime P…
Business
Amazon Hikes Price Of Prime Membership
Even the world’s largest companies are not immune to inflation. Despite posting record profits, Amazon announced that it will be hiking up prices for its Prime membership, which will rise from $119 to $139 annually or from $12.99 to $14.99 monthly. It marks the first price increase for Prime members since 2018. Current Prime members will see the increase as of Friday, March 25, while new members will start paying the new price as of Friday, Feb. 18. The move comes after Amazon’s revenue rose to a record $137.4 billion in the fourth quarter of 2021, of which $14.3 billion was profit, repr…
Business
Proctor & Gamble Plans Price Hikes For These Products
Proctor & Gamble plans to raise prices on some of its products, according to a new report. CNBC reported last week that the company has announced plans to raise prices on fabric care products, such as Tide detergent, and certain personal health care products. The rise in prices of fabric care products is set to take effect on Monday, Feb. 28, and the rise in prices for personal health care products will take place in April, CNBC reported. The news outlet said P&G has already raised prices across 10 other product categories. CNBC said the decision was made as inflation rates increa…
Business
Dollar Tree Announces First Permanent Price Increase In Decades
Dollar and a Quarter Tree? For the first time in more than three decades, Dollar Tree announced that it will be increasing the prices for most of its items up to $1.25 as the country contends with surging inflation rates. In recent years, dollar stores have been veering away from that moniker, with many upping prices to as much as $3 or $5 for some items. The new prices are expected to be rolled out to each of the company's 8,000 stores by early 2022 after the company tested higher-priced items for months, to which officials said there was a “positive customer reaction,” after attempting…
Lifestyle
On The Table For Thanksgiving: Higher Prices, Fewer Options Due To Supply-Chain Issues
The COVID-19 related supply chain issues and price increases are continuing to impact consumers across the United States ahead of the holidays. The Seattle Times reported that many are having to spend more in preparation for Thanksgiving Day on Thursday, Nov. 25, as the prices of many products have increased. The news outlet said supply chain issues including transportation expenses, bad weather and labor shortages have all factored into the ballooning prices, along with inflation. According to a report from Texas A&M Today, AgriLife Extension livestock economist Davi…
Politics
Consumer Sentiment Continues To Climb In New York, Poll Reveals
New York continues its recovery from the COVID-19 pandemic as consumers have flocked to stores and restaurants en masse since the vaccination became widely available. According to a new Siena College poll, the “New York State Consumer Sentiment and Buying Plans” have been continuing its pandemic recovery following a downturn in 2020. According to the new poll, which was conducted among 404 New Yorkers between Wednesday, June 16 and Tuesday, June 29, the New York State Index of Consumer Sentiment has hit 83.7 percent, up 1.2 percent from the first quarter this year. However, pollsters note…
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