Big oil reaping $30m-an-hour war windfall from consumers, analysis finds

Exclusive: Climate action blockers including Saudi Arabia, Russia and major fossil fuel firms set to make extra $234bn by end of 2026…

 https://www.theguardian.com/environment/2026/apr/15/big-oil-huge-war-windfall-consumers

 

 

Egg companies are getting government bailouts while price-gouging consumers

Yet while families have been squeezed by grocery sticker shock, agriculture corporations have been raking in record profits. Cal-Maine, the country's largest egg producer, took in $509 million this quarter alone, tripling its profits from a year ago...

https://thehill.com/opinion/campaign/5275227-egg-price-inflation-cal-maine/ 

 

A Scandalous Reason Meat Prices Have Skyrocketed – Mother Jones

Reining in Big Meat will require bolder federal action. On the campaign trail, Kamala Harris proposed a federal ban on price gouging that could provide a legal framework to challenge market manipulators. But the most important move, Frerick says, is simply to en-force existing laws: "In the meat industry, we already did this all a century ago. This isn't rocket science—it's really just a question of political courage."…

https://www.motherjones.com/food/2024/12/agri-stats-antitrust-meatpacking-inflation-doj/

Here’s Why Prices Are Still High | Robert Reich

https://www.youtube.com/watch?v=4L6bjQNOZ0E

This is the Biggest Food Scandal in History

https://www.youtube.com/watch?v=ycEczZKYLW8

Kamala Harris allies say ‘price gouging’ plan has been misconstrued - The Washington Post

"Most of the criticism is from well-intentioned but poorly informed people who are interpreting the elevation of state laws to the federal level as price determination, but part of it is just malicious attacks from the other side trying to characterize her as a socialist," said Ben Harris, who served as a senior official in the Treasury Department under President Joe Biden...

https://www.washingtonpost.com/business/2024/08/20/kamala-harris-price-gouging-proposal/

Respecting Monopolies is Patriotic Now?

https://www.youtube.com/shorts/_QG9dVo4Y7c

Kamala Harris unveils 2024 policy agenda, including $6,000 child tax credit - The Washington Post

The most striking proposals were for the elimination of medical debt for millions of Americans; the "first-ever" ban on price gouging for groceries and food; a cap on prescription drug costs; a $25,000 subsidy for first-time home buyers; and a child tax credit that would provide $6,000 per child to families for the first year of a baby's life...

https://www.washingtonpost.com/business/2024/08/16/kamala-harris-2024-policy-child-tax-credit/

Walmart Strikes Again

https://www.youtube.com/shorts/0yeW7LP2XsQ

How a quest for greater profits upended the global supply chain during the pandemic (Dave Davies; Fresh Air podcast)

Everything from disinfectant wipes to computer chips were in short supply during the pandemic. New York Times journalist Peter Goodman explains the disruptions in How the World Ran Out of Everything.

Interview:

https://www.npr.org/2024/06/24/g-s1-5913/how-a-quest-for-greater-profits-upended-the-global-supply-chain-during-the-pandemic

Corporations are forcing Americans to pay more for less – in their own words | Matt Stoller | The Guardian

Companies in the oil, hotel, meat and other sectors are price-gouging the US public. They're not hiding it, either…

https://www.theguardian.com/commentisfree/article/2024/may/23/corporations-price-gouging-big-oil

Shawn Fain, president of the UAW: ‘Workers realized they’ve been getting screwed for decades’

Fain objects strongly to those who would place the blame for rising car prices on union contracts. "Another myth. Five to 7% of the cost of a car is labor. [Carmakers] could give us everything they gave us in that contract and not raise the price of cars a penny and still make massive profits. Why are they not saying what $20 billion in [additional] corporate dividends and stock buybacks cost them? That affects the bottom line more. That money somehow just disappears and doesn't count, right? All they want to talk about is our wages and our benefits. People forget, over the last four years, the price of vehicles went up 35% on average. But our wages didn't go up. Our benefits didn't get better. Nothing changed for us. [Price hikes are] because of two things: corporate greed and consumer price gouging. They just pile all those costs on and then try to blame the workers for it."…

https://www.theguardian.com/us-news/2024/apr/13/shawn-fain-president-uaw-union-interview

Companies are using inflation to price-gouge Americans – and making it worse

Thanks to near-monopolies in many industries, corporations are seeing record profits as consumers struggle with high prices…

https://www.theguardian.com/commentisfree/2024/apr/11/companies-inflation-price-gouging

Biden Takes Aim at Grocery Chains Over Food Prices - The New York Times

Other research suggests additional forces — like consumer demand and supply-chain disruptions — are a much bigger factor in the price hikes. A bout of avian flu caused egg prices to spike last year, for example. And food producers, like soft-drink manufacturers, have continued to raise prices even as their costs have declined, leading to heady profit margins...

https://www.nytimes.com/2024/02/01/us/politics/biden-food-prices.html

Targeting costly meds, Biden admin asserts authority to seize certain drug patents - POLITICO

The determination, which was described by three people familiar with the matter, represents the culmination of a nearly nine-month review of the government's so-called march-in rights. Progressives have long insisted that those rights empower the administration to break the patents of pricey drugs that were developed with public funds, in an effort to create more competition and lower prices...

https://www.politico.com/news/2023/12/06/biden-admin-authority-seize-certain-drug-patents-00130452

Egg suppliers ordered to pay $17.7 million by federal jury for price gouging in 2000s - CBS News

The jury ruled last week that the egg producers used various means to limit the domestic supply of eggs to increase the price of products during the 2000s. The time frame of the conspiracy was an issue throughout the case; jurors ultimately determined damages occurred between 2004 and 2008...

https://www.cbsnews.com/news/egg-suppliers-ordered-to-pay-17-7-million/

The Democrats have a powerful campaign issue: price-gouging corporations

Prices remain sky-high because corporations got hooked on price-gouging and won't give it up...

https://www.theguardian.com/commentisfree/2023/may/12/economy-inflation-corporations-raise-consumer-prices-democrats

Sanders Grills Big Pharma CEOs Over Years of Deadly Price Gouging

U.S. Sen. Bernie Sanders on Wednesday paid his respects to the victims of insulin price gouging in front of the Big Pharma CEOs who are responsible and reiterated the need to make all lifesaving prescription drugs affordable…

https://www.commondreams.org/news/bernie-sanders-help-hearing-big-pharma-greed-insulin

A 'Landmark Victory' for Consumers and Climate as California Passes Big Oil Price Gouging Law

The California Assembly voted 52-19 on Monday in favor of S.B. X1-2—authored by state Sen. Nancy Skinner (D-9)—which will empower the California Energy Commission (CEC) to impose profit caps and penalties on refiners and create an intra-agency watchdog tasked with conducting greater oversight of fossil fuel companies to minimize profiteering...

https://www.commondreams.org/news/california-oil-price-gouging

Newsom gets big win: California Senate approves first-of-its-kind ‘price gouging’ bill

California lawmakers voted on Thursday to advance a bill that would penalize oil companies for "price gouging" — a first-of-its-kind legislation pushed forward in recent months by Gov. Gavin Newsom (D)…

https://thehill.com/homenews/state-watch/3914818-newsom-gets-big-win-california-senate-approves-first-of-its-kind-price-gouging-bill/