Tennessee Governor Bill Lee led 18 other GOP Governors in a letter to President Joe Biden to call for federal action on the ongoing baby formula shortage.
The group produced examples of specific actions Biden could take in order to ease the burden on families across the country.
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Wisconsin Governor Tony Evers on Thursday signed an executive order with the goal of blocking potential price gouging of infant formula throughout the state.
The new order “declares that a period of abnormal economic disruption exists and prohibits price gouging of infant formula for the next 90 days.”
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Three Florida residents were sentenced to federal prison for their role in a fraud scheme involving baby formula and other items, according to a release from the Department of Justice (DOJ).
Johnny Grobman, Raoul Doekhie, and Sherida Nabi were given an 18-month prison sentence for cheating manufacturers out of at least $100 million.
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On Thursday, two of the biggest tech companies in the world posted earnings that fell below market expectations, attributed to the ongoing supply chain crisis that is paralyzing the American economy, according to CNN.
For the third quarter of 2021, Amazon’s net sales amounted to around $110.8 billion, which was a 15 percent increase from the previous year; however, this ultimately fell below market analyst predictions of about $111.6 billion. Amazon’s overall net income for the same period decreased from the same period in 2020 to about $3.2 billion, when predictions estimated around $4.6 billion.
Apple’s sales during the same quarter were $83.4 billion, with iPhone sales at $38.9 billion; both were lower than original projections.
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The COVID-19 pandemic has taken a financial toll on Georgia’s long-term care facilities, officials said.
Devon Barill, communications director for the Georgia Health Care Association and Georgia Center for Assisted Living (GHCA/GCAL), said the facilities have faced increased expenses and revenue losses from caring for the state’s most vulnerable population.
While COVID-19 can lead to severe complications in older people and those with underlying issues, the congregated facilities are often home to the elderly and people who require supportive care.
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The Michigan Senate voted 19-16 to approve House Bill 4434, which aims to end the state’s participation in boosted $300/week federal unemployment program.
Republicans have argued the benefit hinders economic recovery 15 months after the pandemic started.
Business owners told lawmakers on June 17 they can’t find workers, even after hiking pay, signing bonuses, and flexible hours. Some industries have seen as many as 35% of workers not return post-COVID-19, leaving some gas stations wondering if they’ll get enough gas.
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Gas shortages on the East Coast have helped rally Congressional opposition to the portions of President Joe Biden’s infrastructure plan that would force oil and gas companies to pay more in taxes.
House Republicans sent a letter to House Speaker Nancy Pelosi, D-Calif., and House Majority Leader Steny Hoyer, D-Md., calling on Democrats to oppose Biden’s plan to “eliminate tax preferences for fossil fuels.”
The letter, signed by 55 Republicans, came after a cyber attack of Colonial Pipeline shut down a major pipeline on the East Coast and led to fear-driven gasoline shortages. The attack also raised questions about the nation’s energy infrastructure and vulnerability to attack.
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Gov. Brian Kemp (R) Tuesday signed an executive order temporarily eliminating the Peach State’s gas tax, among other measures, after a cyber attack on the Colonial Pipeline has halted gas flow to much of the southeast.
“Today I signed an executive order suspending the gas tax in Georgia to help with higher prices as a result of the Colonial cyber attack. We are working closely with Colonial and expect for them to recover by the end of the week,” Kemp said on Twitter, attaching an official statement from his office.
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A gas shortage is expected this summer not because there won’t be enough fuel but because there aren’t enough highly trained and licensed tanker drivers to transport it.
Many tanker drivers retired last year after demand for oil and gas plummeted because fewer people were traveling during the height of the pandemic. And most driving schools where new drivers could have received their training were closed due to state-mandated shutdowns. The two factors combined is resulting in a shortage of roughly 25% of tanker truck drivers needed to transport fuel, says the National Tank Truck Carriers, the trade association representing the tanker truck industry.
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