A key inflation gauge rose 5.8% in 2021, most in 39 years
A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods.
Shaky start for Stellantis bid to grab larger China stake
Moves by carmaker Stellantis to consolidate its position in fast-growing China seem to be off to a rocky start after one of its joint venture partners said it hadn’t been consulted before an announcement of plans to grab a controlling stake.
UN labor group says 1.6M jobs lost in Myanmar in 2021
The International Labor Organization says about 1.6 million jobs were lost in Myanmar in 2021, with women suffering the biggest setbacks as work in factories, tourism and construction dwindled amid the pandemic and a military takeover.
New axe throwing business coming to Burton
BURTON, MI — A new business that will feature axe throwing is planning to open in Genesee County before the end of the year. Spymaker Axe Throwing, an axe throwing venue, that will feature axe throwing for various group sizes and leagues has plans to open in December. “We are going to open Flint’s first axe throwing venue,” Shane Moore told MLive-The Flint Journal, adding half of the building will feature axe throwing while the other half will have six escape rooms. Prices for axe throwing are not finalized, but the cost is planned to be $20 per person. When asked what inspired the Moore’s to delve into the business of axe throwing, Shane Moore acknowledged his wife’s intelligence and the interest to want to bring fun the area.mlive.com
Learn from international business leaders at Washtenaw Community College seminars
ANN ARBOR, MI - Business owners seeking advice can learn from industry experts from near and far at upcoming Washtenaw Economic Club meetings organized by Washtenaw Community College. This week’s club meeting features David Barfield, a global staffing executive for the British-based Impellam Group. The event is free for Washtenaw Economic Club members and $25 for non-members. For more information on the Washtenaw Economic Club, click here. Read more from The Ann Arbor News:Fall semester at Washtenaw Community College features new programs, mask mandateWashtenaw Community College receives $1.4 million grant to expand support for associate degree programsWashtenaw Community College secures $60k grant to provide laptops, digital literacy to local youthmlive.com
Meijer announced as naming rights partner by sports commission for Rockford baseball/softball complex
ROCKFORD, MI — The West Michigan Sports Commission announced Meijer as the naming rights partner for its Rockford baseball and softball complex at a Tuesday, May 4 ribbon-cutting ceremony. The newly-named Meijer Sports Complex marks the start of a 10-year partnership between the two organizations. The complex also houses the Nate Hurwitz Miracle League Field -- a customized field set to accommodate young athletes in wheelchairs, walkers or other similar devices. The complex’s Miracle League field is one of nine in the state. West Michigan Miracle League President Tony Comden spoke alongside his son, who plays in the Miracle League as a cancer survivor.mlive.com
Illinois faces major challenges amid COVID fallout as Speaker Madigan struggles to hold on to power
Since no official business can be conducted by the House until a speaker is elected, a lengthy balloting process could ensue while pressing matters such as the state budget and pandemic recovery are held in abeyance. Madigan, some Democrats contend privately, is counting at the very least on attrition to eventually return him as speaker as issues mount.chicagotribune.com
Lobbying in Q1 topped a record $938 million, but lobbyists say their profession is misunderstood
In the first quarter of 2020, the total amount spent on lobbying, about $938 million, reached the highest on record, according to the Center for Responsive Politics. The health sector, which spent $168 million on lobbying efforts, received $150 billion in coronavirus relief aid, according to Advisory Board. The airline industry, which spent $29 million on lobbying, received $32 billion in relief aid, according to the Peter G. Peterson Foundation, and agribusiness, which spent $38 million, received $19 billion in aid, CRP said. The lobbying industry is arguably the U.S. government's oldest profession and is protected by the First Amendment. The misconception about lobbyists is that "we walk around with bags of money and say, 'Vote our way' or 'Oppose this.'cnbc.com
Sheriff on Dorner manhunt: "We know it's a dangerous business"
Sheriff on Dorner manhunt: "We know it's a dangerous business" San Bernardino County Sheriff John McMahon describes the chaos during the manhunt for cop killer and former LAPD officer Christopher Dorner in February 2013 and concurs with many law enforcement officers' statements in the Dorner report that it was a miracle no one else got hurt.cbsnews.com
Vermont Country Store: The business of selling nostalgia
Vermont Country Store: The business of selling nostalgia For three generations the Vermont Country Store has sold hard-to-find, old-fashioned products. CBS News' Lee Woodruff sat down with the store's co-owner Eliot Orton to discuss the mega-million dollar business.cbsnews.com