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Consumer Spending, Engine of the U.S. Economy, Is Under Strain – The New York Times

Consumer Spending, Engine of the U.S. Economy, Is Under Strain – The New York Times

Angie Howard lives in a walkable neighborhood in Portland, Ore., and works from home, so she has not had to shell out for higher gas prices since the war in the Middle East began. Still, Ms. Howard, who lives alone, said she had noticed costs jumping all around her anyway. “You go into the grocery store, you buy the things you normally would, and then all of a sudden it’s $20 or $30 more there, and you start to see additional fuel charges,” she said. “And at the end of the week, where you would normally have two nickels to rub together, now they’re not there.”

The value of ideas

Ideas have a lot of value, especially when they are well reasoned and confront established ideas and powerful institutions.

I wish more people would take the time to stop and think, spend more time sharing their carefully reasoned thoughts with the world.

Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists – The New York Times

Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists – The New York Times

One of the biggest economic casualties of the U.S.-led war in Iran has been the global fertilizer supply.

Shipments of it have piled up on the wrong side of the Strait of Hormuz. In India, Algeria and Slovakia, fertilizer plants have shut down or slowed their output because of rising natural gas prices. China has restricted fertilizer exports. Australian wheat farmers are planting less, and corn and soy farmers in the United States are begging President Trump for relief.