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News From the Control Tower - 1/19/2023 Thumbnail

News From the Control Tower - 1/19/2023

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s focus is on the quantity of things and how they impact our financial lives. Most of us are familiar with the concept of supply and demand, but scarcity or excess can have a wide impact. We’ve seen fewer eggs, drought out west, and births in China dropping. One thing we’d all like to see less of is inflation, and we welcome the news of wholesale prices dropping in the latest inflation report.

1.       Egg Prices Have Soared 60% in a Year. Here Is Why They Are So Expensive.

Avian flu outbreak keeps egg supply tight as inflation rises.

2.       Skipped Showers, Paper Plates: An Arizona Suburb’s Water Is Cut Off.

Hundreds of homes outside the boundaries of Scottsdale can no longer get water from the city, so their owners are living a worst-case scenario of drought in the West.

3.       China's population shrinks for the first time in six decades.

'Demographic crisis' threatens goal to overtake U.S. as world's biggest economy.

4.       US approves world’s first vaccine for declining honey bees.

It works by introducing inactive bacteria into the royal jelly fed to the queen, whose larvae then gain immunity.

5.       Wholesale prices fell 0.5% in December, much more than expected; retail sales fall.