(Aren't There Bigger Problems In This World? GI)
Restaurants could be among the hardest hit by minimum wage hikes that took effect recently in several states and cities, according to a Bloomberg Intelligence analyst. Wage increases will likely apply additional pressure at a time when many restaurants are facing slim margins and falling traffic, resulting in companies raising menu prices, according to the analyst, reported Bloomberg.
(We Told You This Was Going To Happen! GI)
Canada began imposing tariffs on $12.6 billion in U.S. goods. Most U.S. exports, including ketchup and pizza, will be subject to a 10% tariff, while steel and iron will face 25% tariffs, reported The Oregonian.
(This Won't Last Long..Canadian's Love Our Pizza! GI)
Ketchup is one of dozens of products set to be included on $21.2 billion U.S. tariff list being drawn up by the European Commission. Other items likely to be added include frozen fish and raisins, reported CNBC.
(The Europeans Are Definitely Going To Riot Over High Priced Ketchup! GI)
San Francisco's minimum wage increased to $15 an hour. The wage increase was approved by voters under a ballot measure in 2014, reported KOMO.com.
(We See More Robots & Kiosks Coming To A San Francisco Fast Food Restaurant Near You! GI)
Lidl's U.S. expansion plans have fallen short one year after the chain began opening U.S. stores. The company opened its first 10 stores in June 2017 and expected to open 100 stores in one year and more after that. However, Lidl currently has just 53 U.S. stores in six East Coast states. The grocer plans to continue to open more stores, reported Triad Business Journal.
(No Joke Sherlock... Who Likes All That Private Label Crap? GI)
Amazon will open a second Go store in Seattle in fall 2018. The 3,000-sq. ft. location will have about 70% more square footage than the original store, reported Fortune.
Amazon will fold Whole Foods Market locations into its annual Prime Day event. The sales event will run July 16 to July 19, reported Yakima Herald-Republic.
(Seattle Is Worried About Straws But Could Care Less About Privacy...Watch Out Big AMAZON Brother Will Be Watching You! GI)
U.S. cheese makers that rely on foreign sales are reportedly struggling to cope with increased tariffs from China and Mexico. Manufacturers say many Mexican buyers paused ordering, and they may end up making fewer fresh cheeses and more parmesan, asiago and other versions with longer shelf lives to avoid losses while orders remain in flux. Mexican dairies are also ramping up production, forcing processors to look for alternative suppliers for cheeses such as gouda in the EU, reported The Wall Street Journal.
(Too Easy... Who's Cutting The Cheese? GI)
A tax introduced on soft drinks in Chile helped reduce consumption of sugary drinks, according to research from the University of York. The study found an overall 21.6% decrease in the monthly purchased volume of sugary soft drinks, while among middle and high socioeconomic groups, the monthly purchased volume fell 16% and 31%, respectively. There was a 12% reduction in purchase volume for the low socioeconomic group, reported ScienceDaily.
(Well Duh...People Will Convert To Something Less Expensive And Get Their Sugar Rush Somehow! GI)
California will vote this fall on whether to strengthen a law on how farm animals are confined and raised. Proposition 12 would ban the sale of meat derived from animals and their food products that are confined within certain areas. By 2021, the measure would require all eggs sold in California to be from hens raised according to the United Egg Producers' 2017 cage-free guidelines, reported Jefferson Public Radio.
(We Say Let All The Animals Run Free..The Lions & Tigers & Bears Oh My..In The Zoo and Inmates Are Animals Too..Let Them All Roam Free! GI)
Arabica coffee prices dropped 3% on July 2, falling to about $1.12 a lb., a 29-month low. The decline comes as Brazil's real weakened against the dollar and amid expectations for record output this year. Since the end of 2016, coffee prices slumped 19%, reported Bloomberg.
(Has Anyone Told Starbucks That Coffee Is Cheaper? GI)
Compounds found naturally in green tea and red wine may help treat certain metabolic diseases, according to a study published in the journal Communications Chemistry. The researchers considered two compounds, epigallocatechin gallate found naturally in green tea and tannic acid found in red wine, which were both found to be effective in blocking the formation of toxic amyloid structures, reported ScienceDaily.
(YES... More Wine Please... GI)
The per pound price of Maine's wild blueberries sank to its lowest point in more than three decades in 2017, as growers struggled with competition from cheaper Canadian producers and a thriving cultivated blueberry industry. Maine berries fetched 26 cents per pound last year, the lowest price since 1985, as the estimated value of the harvest was $17.6 million, a 37% fall from 2016, reported Portland Press Herald.
(Were There Blueberries in Boo-Berries Cereal or Was That Frank-n-Berry? GI)
Activist investor Third Point wants Nestle to break its business up into three units, beverage, nutrition, and grocery, each with its own CEO, regional structure, and marketing function. In addition, it wants the company to spin off its ice cream, frozen foods, and confectionery businesses and sell part of its 23% stake in L'Oreal, reported Fortune.
(Why The Hell Is Nestle Manufacturing Make-Up Anyway? Hmmm Chocolate Lip Gloss! GI)
The U.S. Chamber of Commerce launched a campaign to oppose the U.S.'s trade tariff policies. The chamber's state-by-state analysis estimates how states and industries are affected by the tariffs, including about $3.9 billion worth of exports targeted by retaliatory tariffs in Texas; $1.4 billion in Tennessee; and $3 billion in South Carolina.
(Everybody Just Needs To Calm Down! Trump Will Bring The Countries To Their Knees & The Table For Fair Trade And Zero Tariffs In Short Time! GI)
Honolulu businesses began charging at least 15 cents for each bag provided to customers at checkout. A city bill signed into law in 2017 requires businesses to charge customers for compostable, recyclable paper or reusable carryout bags. The bag fee will not apply to plastic bags grocery stores supply for fruits, vegetables and meats, reported The Wichita Eagle.
(Just Another Way To Steal Money From Consumers! GI)
The Richmond, VA's meals tax increased to 7.5%. The increase is projected to bring in an extra $9 million a year to increase spending on school construction, reported The Wichita Eagle.
(Remind Us To Not Stop In Richmond For Dinner On The Next Trip South! GI)
The Scottish government plans to restrict the promotion and marketing of foods high in salt, sugar and fat. In addition, it may put restrictions on food outlets in the areas around schools and will encourage the Advertising Standards Authority to "strengthen" rules to ban advertisements for unhealthy food near schools and any sites frequented predominantly by people under 16, reported BBC.
(Crazy! Nanny State Gone Wild! GI)
CDC reported 212 laboratory-confirmed cases of cyclosporiasis in people who consumed pre-packaged Del Monte Fresh Produce vegetable trays. Seven people have been hospitalized.
(We Listed The Symptoms Last Week... Basically If You Have The Shits & You Ate A Vegetable Tray...See Your Doctor! GI)
600 lb Gorillas Inc. filed a lawsuit against Mister Cookie Face LLC arguing the ice cream it supplied did not contain enough butterfat. Mister Cookie Face denies the allegations and claims 600 lb Gorillas can't prove the problems with the ice cream hurt the company's sales, reported CBS News.
(Yes They Are Real Companies! We Don't Make This Stuff Up! GI)
Alabama will begin collecting online sales taxes Oct. 1. Remote retailers with in-state sales of more than $250,000 must register with the Alabama Simplified Sellers Use Tax Program, which allows merchants to pay a flat 8% sales tax and avoid navigating the 200 different city and county sales taxes across the state, reported AL.com.
(The Supreme Court Has Unleashed A Money Hungry Machine..Look Out Online Shoppers! GI)
Costco will remove the Polish dog from its food court menu to make way for new items. The company plans to add healthier options including acai fruit bowls, organic burgers and a plant-based protein salad, reported The Seattle Times.
(We Are Sure The People Who Were Eating The Polish Dogs Are Going To Switch To Healthy Now-HAHA! GI)
There may be a link between fast food consumption and an increased likelihood of having asthma, wheeze, and several other allergic diseases, according to an analysis published in Respirology. The analysis included 16 studies, finding hamburger intake was most prominently associated with allergic diseases, reported ScienceDaily.
(Who Pays For These Studies? Dristan and Benadryl? GI)