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Economic Impact

Business
Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025 Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025
Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025 Egg prices are now expected to jump in price in 2025 by more than double earlier projections. Click here for a new, updated story - Grocery Shoppers Pivot As Inflation Reshapes Spending Initial estimates by the USDA predicted a 20-percent increase just a month ago. With a nationwide shortage due to bird flu which has reduced egg-layer flocks and egg production, a 41-percent increase is now expected this year, the USDA says. The price of a dozen eggs, at around $5 on average, is up nearly 100 percent from last year. About 18.8 million commercial egg layers were affected by the bir…

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by Joe Lombardi
News
Mass Deportations Could Lead To Salary Increases In These States, Including NJ Mass Deportations Could Lead To Salary Increases In These States, Including NJ
Mass Deportations Could Lead To Salary Increases In These States, Including NJ Mass deportations could significantly impact wages in states heavily reliant on foreign labor, according to new research.  An Oxford study suggests that removing a substantial number of immigrant workers may lead to labor shortages, compelling employers to increase salaries to attract native-born workers, Newsweek reports. The states most likely to be affected are New York, New Jersey, California, Florida, and Texas, the report said, because those states have large immigrant populations and economies that depend on foreign labor in sectors such as agriculture, construction, and hospita…

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by Joe Lombardi
Lifestyle
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift created a huge economic impact with her record-breaking Eras Tour and a new book from Harvard Business Review will look at the pop star's financially savvy vision. "There’s Nothing Like This: The Strategic Genius of Taylor Swift" will be released on Tuesday, Apr. 8, the Harvard Business Review announced on Tuesday, Jan. 28. It was written by senior editor Kevin Evers, the author of several bestsellers, including books on digital disruption and marketing. The Eras Tour grossed more than $2 billion and generated a $10 billion economic impact on local economies, acc…

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by Chris Spiker
News
Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County
Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County A fierce debate has erupted over Sunday retail operations at the American Dream Complex in East Rutherford, as Bergen County officials accuse the mall of violating the county’s long-standing Blue Laws. Meanwhile, American Dream’s leadership and supporters argue that Sunday sales are essential to the region’s economy and tourism goals. The Blue Laws, enacted in 1951, ban the sale of items like clothing, household furnishings, and office supplies on Sundays across Bergen County. However, American Dream’s stores have been open on Sundays for nearly a year, with one exception: retail closures du…

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by Cecilia Levine
Business
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the tentative agreement in a joint news release at night on Wednesday, Jan. 8. The deal aimed to avoid another potential strike on Wednesday, Jan. 15. The ILA and USMX agreed to extend the current master contract until ILA representatives can convene for a ratification vote and USMX members can final…

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by Chris Spiker
News
Longshoremen Strike: Hundreds Of NJ, NY Dockworkers On Picket Lines Longshoremen Strike: Hundreds Of NJ, NY Dockworkers On Picket Lines
Longshoremen Strike: Hundreds Of NJ, NY Dockworkers On Picket Lines Thousands of longshoremen along the East and Golf coasts are on strike in a move that could heavily impact the economy and make it harder to get goods and services. In Elizabeth, NJ, the strike began on Tuesday, Oct. 1 outside Maher Terminal where hundreds of dockworkers rallied. CBS News, citing the Port Authority of NY and NJ, said most operations have been shut down due to the strike. Daily Voice has reached out the Port Authority for comment. The Port Authority said it has been working closely with the commercial trucking industry to ensure cargo containing essential goods, medical sup…

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by Sam Barron