Pennsylvania Sen. Bob Casey has sent letters to Amazon, Target and Walmart over concerns that pricing decisions made at the retail giants since the pandemic may have been driven by aggressive push for profits at the expense of everyday Americans’ wallets. Casey, a three-term Democrat who is in a tight re–election battle that could tip […]
Tag: greedflation
Progressives Urge Biden to Push Harder on ‘Greedflation’
WASHINGTON — As high prices at grocery stores, gas pumps and pharmacies have soured many voters on his first term, President Joe Biden has developed a populist riposte: Blame big corporations for inflation, not me. But despite facing a tough reelection battle where economic issues will be central, Biden has not leaned into that message […]
17,000 company-strong study of COVID greedflation shows most U.K. firms profited from historic cost-of-living crisis
The aftermath of the COVID-19 pandemic came with many “new normals,” not least hybrid working and rising prices. Suggestions are growing that the latter may not have been entirely the result of extraneous factors. A study of 17,000 British firms by the country’s Unite Union found that on average they increased their profit margins by […]