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Attacks In The Red Sea Are Forcing Ships To Take Longer Routes, Which Is Driving Up Shipping Costs

The Houthis are a militant group with ties to Iran that rule most of northern Yemen, a Middle Eastern nation devastated by conflict and extreme poverty. The group’s official motto, according to AP, is “Death to America, death to Israel; God is the greatest.” Islam triumphs, the Jews are cursed.” The Houthis are attempting to … [Read more…]

Increases In Food Prices Are No Longer Greater Than Inflation Overall

Although eating out is still an expensive endeavor, food prices aren’t rising faster than overall inflation for the first time since early last year. According to data from the Bureau of Labour Statistics, the most recent Consumer Price Index, which was made public on Tuesday, indicated that food prices rose 2.9% for the year that … [Read more…]