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What’s happening. With inflation still continuing to mar what would otherwise be a rosy economic picture, some Democrats are claiming that corporate greed is a major cause of rising prices.
The Inflation Reduction Act enacted last year incorporated new incentives for production of renewable energy sources, which could counteract the market power of big oil companies.
About half of the food and consumer goods manufacturers in the Fortune 500 have increased their profits compared to pre-pandemic levels, according to Fortune's analysis. But there are several ...
The term "greedflation" was a candidate for word of the year for the Collins English Dictionary in 2023, [3] [4] and was added to Dictionary.com in 2024. [5] [6] Collins Dictionary defines it as either "the use of inflation as an excuse to raise prices to artificially high levels in order to increase corporate profits" or "an increase in the price of goods and services caused by businesses ...
The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic development.
To be sure, inflation has improved dramatically over the past two years. After peaking at 9% in June 2022, annual inflation measured by the consumer price index (CPI) has eased to the low-to-mid 3 ...
The effect of environmental policies on the economy has always been a controversial topic. Many economists argue that sanctioned limits on pollution curtail economic growth. [ 2 ] For instance, between 1973 and 1982, the United States imposed stricter regulations on pollution, which led to a 0.09% decrease per year in the national output growth ...
Signals of persistently low inflation have puzzled economists in the years since the Federal Reserve first adopted its 2% inflation target after the financial crisis. According to Mohamed El-Erian ...