"Greedflation": Is corporate profit-taking driving prices higher?
CBSN
At Sugar Hill Creamery, in Harlem, the hand-made ice cream will cost you more these days, because, according to owner Petrushka Bazin Larsen, everything costs her more. "Everything is going up, from dairy, milk and cream, to just our cups," she told correspondent David Pogue. "Costs me more to get the cups here than it is for the cups. Do you know what I'm saying? The freight charges are gastronomical!"
No matter what business you're in, your costs have gone up, for all kinds of reasons. For Dariusz Paczuski's vodka company, Rocket Vodka, the costs of the glass itself, "depending on the size of the bottle, are up 17% to 25% on the larger size bottles."
At Caroline Morris' gift shop, Kimman's Co., she said, "My vendors, where they might have paid $3,000 for a container for shipping, are now paying $30,000."
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Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.
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Sweeping 25% tariffs on all U.S. steel and aluminum imports could cause a rise in prices for a wide range of products including cars and washing machines and other consumer goods, as well as components used in manufacturing and construction, such as nails.
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