Tonight we conclude posting with a sign of the times and a glimpse at the "new normal" for many Americans on the low end of the food/supply chain.
Take a peek at the bad news and possibly a reason for the underlying lack of confidence in Prez Biden's economic policy thus far . . .
"At the Walmart Supercenter on NE 72nd Street in Kansas City, Missouri, many shelves lay empty with signs limiting five cans per customer. It's a scary sight for parents trying to feed their babies."
Read more via www.TonysKansasCity.com links . . .
KANSAS CITY, Mo. - Families in the Kansas City area are struggling to find baby formula on shelves and online amid a nationwide shortage. At the Walmart Supercenter on NE 72nd Street in Kansas City, Missouri, many shelves lay empty with signs limiting five cans per customer.
Laura Modi is fielding dozens of emails, calls, and texts daily from anxious parents asking about how they can get baby formula.
In her comments, Yellen said the 1973 ruling helped allow women to finish school and increase their earning potential, leading to higher participation in the workforce. "Research also shows that it had a favorable impact on the well-being and earnings of children," she said.
Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn't make the same mistakes on inflation that it did in the 1970s. Back then, he said during a panel chat with Minneapolis Fed President Neel Kashkari, the central bank talked tough on inflation but wilted every time tighter monetary policy caused an uptick in unemployment.
Bill Gates said there's a "strong argument" we're about to see a global economic slowdown. He told CNN the Ukraine war would likely accelerate "inflationary problems" caused by the pandemic. Wall Street banks are divided on whether the global economy is headed for recession.
Developing . . .