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Democrats Target Corporate Pricing Amid High Inflation Ahead Of 2024 Election
In a move to capitalize on frustration against companies over inflation, Democratic Senators Elizabeth Warren and Bob Casey have questioned Kroger’s rollout of electronic shelf labels, arguing it could facilitate price hikes on high-demand items. This comes as Democrats seek to shift the narrative on inflation, which has been a key Republican talking point.
The letter to Kroger CEO Rodney McMullen also noted the potential for the supermarket chain to grow larger with its pending $24.6 billion acquisition of Albertsons. This move follows years of Republican attempts to blame President Joe Biden for price hikes, which he has attributed to corporate “greedflation.”
For instance, an X account run by House Republican leadership criticized Biden’s economic policies in late May by listing some of the popular fast-food menu items that customers now pay more for at McDonald’s, Chick-fil-A, and Taco Bell. The source of the data is unclear, and McDonald’s has denied that its average prices have risen that much.
Kroger did not say how it will use the electronic shelf labels, but the grocer said in a statement that keeping prices low “is the foundation of our strategy.” “Lower prices attract more loyal customers who help us grow our business,” the company said.
Wharton’s Lamberton said to fend off criticism, companies must do a better job explaining why they have increased costs or renegotiate with vendors. They also have to tell their story better in ads, she said. For example, as families get ready for the first day of school, Amazon and Walmart have advertised school supplies that start at 25 cents. Amazon has run TV commercials with cheeky messages that encourage parents to spend less on their kids.
In a move to strengthen regional stability and provide humanitarian support, Guyana’s National Assembly has approved $123 million (approximately $587,940 USD) for CARICOM nations, Diaspora Watch can report. This decision was made during the 89th Sitting of the National Assembly, where Minister of Foreign Affairs and International Cooperation, Hugh Todd, emphasized the government’s commitment to supporting its neighbors in need.
Diaspora Watch was told the funds will primarily support Haiti, which has been plagued by severe gang violence, resulting in over 2,500 people killed or wounded between January and March this year. Recall that the violence has led to a shortage of food, water, and other essential items, further exacerbating the humanitarian crisis. Minister Todd highlighted Guyana’s history of providing support to its Caribbean neighbors, citing the recent example of Hurricane Beryl, which devastated several Small Islands Developing States (SIDS) in the region.
Guyana provided contributions in kind to affected OECS countries, demonstrating its commitment to regional solidarity. The approval of these funds comes on the heels of a recent meeting between Heads of Government of Caribbean nations in Guyana, where they discussed the pressing issues of crime and gang violence in the region. The meeting highlighted the need for collective action to address these challenges, which have resulted in a 154% increase in regional security budgets between 2019 and 2024. In July, Guyana provided its first shipment of relief aid to Grenada, comprising vital items such as generators, water purification tablets, and hygiene products. This donation demonstrates Guyana’s commitment to providing tangible support to its neighbors in need.
Kimma Wreh (CIO, Excel Global Media Group Inc) provided keynote address on Cybersecurity and Data Protection in Africa at the Innovate Africa Conference 2024. The conference was held at George Washington University in Washington DC in September 2024.
To book Kimma, send email to exceltekay@gmail.com or call 832-483-4864.
The Olojo Festival, an ancient and vibrant Yoruba festival, is a grand celebration held annually in Ile-Ife, Nigeria, to honor Ogun, the god of iron and war, and the rich heritage of the Yoruba people. This deeply spiritual festival brings thousands of people together, showcasing traditional customs, colorful attire, music, and rituals that highlight Yoruba history and mythology.
The highlight of the event is the appearance of the Ooni of Ife, who dons the sacred Are Crown, believed to hold immense spiritual power. Through processions, sacrifices, and community gatherings, the Olojo Festival strengthens cultural identity, unites people, and pays homage to the gods. As an enduring celebration of Yoruba pride, it captivates locals and visitors alike, reminding all of the deep cultural legacy of Ile-Ife.
Welcome to the highly anticipated 23rd volume of Diaspora Watch, your indispensable source connecting the vibrant African diaspora around the world! This edition is packed with captivating stories and in-depth analysis.
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