Yahoo! News – Jun. 11—The average consumer probably isn’t pondering how PepsiCo controls more than 80% of the dip market when they’re standing in the grocery store picking up a Tostitos creamy spinach dip for a cookout or Super Bowl party.
But when setting the backdrop for a conversation about the factors in inflation — which economists mainly cite as pandemic-induced disruptions in supply and demand and the war in Ukraine, with dispute over the impact of stimulus packages — lack of market competition is something economist Fred Carstensen can’t emphasize enough. He cites the impacts of the United States largely abandoning antitrust policy over the past 40 years.
Next Avenue – Nearly 20 months into the pandemic, Connecticut’s retail economy remains stuck in limbo, not falling back, but not moving forward with the kind of gusto that suggests one of the state’s key economic drivers is once again firing on all cylinders.
Hartford Business Journal – With federal benefits expiring and businesses fearing another pandemic shutdown, more than 840,000 Connecticut residents anticipate a dreary December — during which someone in their household will lose income, according to new data from the U.S. Census.
Hartford Business Journal – Connecticut likely will struggle for a decade or longer to undo the economic damage created by the coronavirus pandemic, a University of Connecticut think-tank warned Friday.
UConn Journalism – Nearly 80 percent of registered voters say the economy is an important issue, according to an August 2020 Pew Research Center study. In the same study, 88% of President Donald Trump’s supporters ranked the economy as “very important,” the most of any of the issues they asked about.
Hartford Courant – The study, funded by a national group that lobbies for marijuana legalization, says direct new revenue from legalization would range from $35 million to $48 million in the first year of sales to as high as $223 million in the fifth year.
NBC Connecticut – The extra $600 in unemployment assistance made available through the Cares Act has been a lifeline for many workers, but it has created challenges for employers trying to get employees back to work. It raises questions about if jobs were paying a fair wage in the first place.
Hartford Business Journal – While Gov. Ned Lamont was watching his emergency business loan program max out in two days last week, administration officials were reminding disconsolate companies here that hundreds of billions of dollars in federal aid to small businesses remain to be tapped.