The flip side of inflation: “skimpflation” affects everything from food to hotels

The flip side of inflation: “skimpflation” affects everything from food to hotels

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The highest inflation in 40 years prompted manufacturers to resort to “narrowing“, a cost-cutting tactic to reduce package sizes while keeping the price the same. Now companies are trying another way to save money: “skimpflation.” Some companies are reformulating their products using cheaper ingredients to reduce manufacturing costs, a ploy some have called skimpflation, according …

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Canada’s wealthiest households see their net worth plummet by 0,000 as earlier gains fade

Canada’s wealthiest households see their net worth plummet by $200,000 as earlier gains fade

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Canada’s wealthiest households saw nearly $200,000 wiped out of their net worth in the second quarter of 2022. According to a Statistics Canada report released on Monday, a perfect storm of economic pressures led to a loss of wealth for households, as asset values ​​fell amid financial and housing market turmoil, while interest rates and …

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Expedia Group Open World™ Accelerator Program for Startups and SMBs Worldwide.

Expedia Group Open World™ Accelerator Program for Startups and SMBs Worldwide.

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Application deadline: October 21, 2022 Expedia Group is excited to launch the Open World™ Accelerator, an initiative designed to advance innovation in the travel industry by helping startups and small and medium-sized enterprises (SMEs) accelerate their growth and innovate on its technology platform Specially designed Open World™. ELIGIBILITY If you are a startup or SME …

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Falling labor productivity could lead to stock market crash and recession

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How long does it take for a server to bring your order to you? How many boxes can an Amazon employee fill in an hour? How many articles can I write per month? How efficient are American workers? While these questions might seem better suited to a performance review meeting, worker efficiency has huge implications …

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Posthate: Canada vs. the United States — Which country will take the biggest hit in an impending downturn?

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Breadcrumb Links Summary Executive There are too many variables to determine who is about to endure the toughest ride, say CIBC economists Publication date : October 05, 2022 • 8 hours ago • 5 minute read • 5 comments The American and Canadian flags at the Peace Arch border crossing in Blaine, Washington. Photo by …

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Gold continues with strong bullish momentum and the potential to go higher

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Gold continues to gain momentum with very strong technical potential to move significantly higher. Over the past five trading days, gold bottomed out at around $1621 and gained well over $100 in a short time. As of 5:21 p.m., EDT gold futures, the most active December contract, are currently trading at $1734.70 after factoring in …

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Why Credit Suisse is fighting rumors of a Lehman-style crash | Business and economy

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Credit Suisse is at the center of market turmoil amid rumors the bank could be on the verge of collapse. Investors rushed to sell shares of the Zurich-based bank amid worries about its financial health as it prepares to unveil a costly restructuring plan due later this month. Speculation that the bank could go bankrupt …

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Paul Krugman warns Fed against fighting inflation, predicts rates near zero

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Paul Krugman worries that the Federal Reserve is going too far in the fight against inflation. He noted that rate hikes have a delayed impact and pointed to signs of a cooling labor market. The economist predicted that rates would eventually return to near zero without causing inflation. Loading Something is loading. Paul Krugman warned …

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