skip to main content
skip to newscasts

Tuesday, May 14, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Trump's defense will have Michael Cohen back on the stand today for cross-examination; Poll: Montana battleground voters are 'economic populists'; Empowering Cincinnati, a Bloomberg grant fuels climate and equity initiatives; Pick up a hammer? MN apprentices say, 'Why not?'

view newscast page
play newscast audioPlay

Many Republicans are accused of undermining American democracy, new polling shows former President Trump leading President Biden in key battleground states, and the Wisconsin Supreme Court considers lifting a near-total ban on ballot drop boxes.

view newscast page
play newscast audioPlay

Legalized marijuana could be back on North Dakota's November ballot, Republicans who oppose school vouchers find themselves between a rock and hard place, and a Vermont community's innovative substance abuse recovery program is making headway.

Feds: Grocery chain profits soared during and after pandemic

play audio
Play

Monday, April 29, 2024   

Consumer groups are accusing major grocery retailers - like Amazon, Kroger and Walmart - of price gouging, both during and after the pandemic.

The allegation of corporate greed comes after a new report from the Federal Trade Commission found profits for grocery chains jumped sharply, at rates that could not be justified by supply chain disruptions.

Angela Huffman is president of the nonprofit Farm Action.

"It's one thing to raise your prices to cover higher expenses, but what these companies did is use the pandemic as an excuse to exploit the American people who needed to put food on their tables," said Huffman. "And the FTC report shows that they're still doing it, here in 2024."

The report found that retailer profits rose to 6% over total costs in 2021, and 7% in the first three quarters of 2023 - compared to 5.6% in 2015.

According to a report from Help Advisor, California households pay the highest grocery costs in the country, averaging almost $300 a week - about $27 more than the national average.

The Food Industry Association blames today's high prices on high labor costs and credit card payment fees.

Huffman said she thinks the feds should take anti-trust action to increase competition - and consider forcing the grocery behemoths to break up.

"That would be the ideal outcome is to take away their excessive power," said Huffman. "But other than that, these companies can be fined for this kind of price gouging. And that's another action we would support. There needs to be some kind of consequences."

The FTC staff report recommends "further inquiry by the commission and policymakers," but doesn't propose specific remedies.




get more stories like this via email

more stories
Families at Luiseno Elementary School in Corona listen to a recent workshop featuring the Ready, Tech, Go program. (Lifetouch)

Social Issues

play sound

Parents may wonder when is the right time to give a child a cell phone or tablet, or how can they help their kids stay safe online. The National …


Social Issues

play sound

More than one in five Americans is a woman of color - and a new poll shows they are not feeling heard and want policymakers to address issues they car…

Social Issues

play sound

Legislation to boost private school voucher funding in North Carolina is raising concerns among educators, particularly in rural areas. Educators say …


Community Health Workers provide critical services for communities, including home visits, health education, and communicable disease control, according to WebMD. (Adobe Stock)

Health and Wellness

play sound

Experts are traveling across the Commonwealth to help community professionals better understand and advocate for policies that help Kentuckians needin…

Health and Wellness

play sound

Several hundred hikers are expected to climb to a summit of over 14,000 feet for this year's Pikes Peak Challenge in Colorado Springs, an annual …

In teacher training programs, critics said a new Indiana law could create a snowball effect on preservice teachers and their future students. (Adobe stock)

Social Issues

play sound

By Aleksandra Appleton for the Chalkbeat Indiana .Broadcast version by Joe Ulery for Indiana News Service reporting for the Chalkbeat Indiana-Free Pre…

Social Issues

play sound

The Wisconsin Supreme Court on Monday took up arguments in a highly watched case concerning ballot dropboxes. Supporters of lifting a near-total ban …

Environment

play sound

Since the 2020 collapse of the famed Apalachicola Bay oyster fishery, people who made their livelihoods on the bay have been counting on local …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021