skip to main content
skip to newscasts

Wednesday, May 15, 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
According to the U.S. Fish and Wildlife Service, red wolves were first listed as endangered in 1967, and are currently listed as endangered under the Endangered Species Act of 1973. (Adobe Stock)

Environment

play sound

Ahead of Endangered Species Day this Friday, conservation groups in North Carolina are celebrating the birth of eight red wolf pups at the Alligator …


Social Issues

play sound

North Dakota is in the top half of states for average weekly grocery bills and a new national report detailed how consumer debt is bridging the gap fo…

Social Issues

play sound

AARP Idaho is seeking nominations in the state for its prestigious award for outstanding volunteers. The Andrus Award for Community Service is named …


Multiple lawsuits have been filed against the Texas Department of Criminal Justice because its prisons are not air conditioned. (Felix Pergande/Adobe Stock)

Health and Wellness

play sound

The Texas Department of Criminal Justice is facing a class action lawsuit calling for the agency to add central air conditioning to all its prisons…

play sound

An environmental justice organization in Wallace, Louisiana, says it won't back down in a fight for the health of its historic community. The …

A new poll from the civil rights group Intersection of Our Lives found women of color believe racism has persisted far too long and there is a need for elected officials who will address it. (Adobe Stock)

Social Issues

play sound

More than 50% of voting-age women in Nevada are people of color, and a new poll found they do not feel heard or seen by most policymakers. The poll …

Social Issues

play sound

A new survey showed New York City's population of asylum-seekers is struggling, and makes suggestions for improvements. The survey by the group Make …

Social Issues

play sound

It's graduation season, and in Minnesota, it's not just high schools and universities sending off waves of students. Organizers say they're seeing a …

 

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