skip to main content
skip to newscasts

Friday, July 26, 2024

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

Arson attacks paralyze French high-speed rail network hours before start of Olympics, the Obamas endorse Harris for President; A NY county creates facial recognition, privacy protections; Art breathes new life into pollution-ravaged MI community; 34 Years of the ADA.

view newscast page
play newscast audioPlay

Harris meets with Israeli PM Netanyahu and calls for a ceasefire. MI Rep. Rashida Tlaib faces backlash for a protest during Netanyahu's speech. And VA Sen. Mark Warner advocates for student debt relief.

view newscast page
play newscast audioPlay

There's a gap between how rural and urban folks feel about the economy, Colorado's 'Rural is Rad' aims to connect outdoor businesses, more than a dozen of Maine's infrastructure sites face repeated flooding, and chocolate chip cookies rock August.

FTC says corporate grocers gouge Montana shoppers

play audio
Play

Monday, May 13, 2024   

The latest report from the Federal Trade Commission says despite an easing of pandemic related supply chains and economic stressors, major grocers across the country are still overcharging people for groceries - including in Montana.

Farm Action Executive Director Angela Huffman said three of the country's largest food suppliers did not reduce their profit margins when COVID supply-chain issues eased - which would have made groceries easier, and presumably cheaper, to get.

"That's Kroger, Walmart, and Amazon," said Huffman. "They took advantage of the COVID-19 pandemic in order to reap excessive profits and gain more market power."

The FTC report shows the average large retailer's revenue's were 6% higher than their total costs in 2021, and then jumped to 7% - even after the pandemic supply chain disruptions eased.

Montanans spend and average of $246 a week on groceries. That's 40th highest in the nation, but prices rose well above profits in Montana, too.

Grocers have blamed competitive pressure and higher fees for the price hikes.

Huffman agreed that America runs on profitable companies, including in the farm sector.

But she contended, with the FTC report as evidence, that the grocery conglomerates were - and still are - going well above what is fair to U.S. consumers under the guise of being forced to react to a crisis.

"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 now, here in 2024."

Huffman argued the dominant firms also blamed supply-chain disruptions to raise prices higher than necessary and increase profit margins on fertilizer, meat and eggs in recent years.




get more stories like this via email

more stories
According to the Tax Policy Center, for higher-income earners, sales taxes consume a lower share of their income than for other households. (Vitalii Vodolazskyi/Adobe Stock)

Social Issues

play sound

As Nebraska state lawmakers convene for a special session on property tax reform called by Gov. Jim Pillen, groups are weighing in on the details …


play sound

Traveling around rural Minnesota can be difficult but in more than half the state, nonprofit transit systems are helping people get where they need …

Social Issues

play sound

Student loan forgiveness took center stage on Thursday at the American Federation of Teachers conference. The Biden administration has canceled more …


Sen. Elizabeth Warren, D-Mass., has introduced legislation to codify the Chevron Deference into law. (Adobe Stock)

Social Issues

play sound

Recent Supreme Court rulings on air pollution are affecting Virginia and the nation. Climate advocates said the court overstepped its bounds in …

Health and Wellness

play sound

World Hepatitis Day is this Sunday, and for the Oregon Health Authority, it's an opportunity to promote its plan to eliminate hepatitis across the …

The Gender Shades project revealed facial recognition performed poorest for darker-skinned women, and performed best for lighter-skinned men. (Adobe Stock)

Social Issues

play sound

Columbia County, New York, is implementing new facial recognition and privacy policies, following new upgrades to the county's surveillance cameras…

Health and Wellness

play sound

New York disability-rights advocates are celebrating the 34th anniversary of the passage of the Americans with Disabilities Act. The 1990 …

Social Issues

play sound

As summer winds down and North Carolina students prepare to return to school, the focus shifts to the urgent need for better public education funding…

 

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