Up to three-quarters of the $800 billion PPP flowed to business owners instead of workers, study finds

The benefits of the landmark small business relief program designed at the height of the pandemic went primarily to business owners rather than workers, according to a study by leading economists. The study by authors including famed Massachusetts Institute of Technology economics professor David Autor, as well as several Federal Reserve economists, examined the $800 … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – High demand for groceries combined with high freight costs and Omicron-related labor shortages are creating a new round of delays at processed food and fresh produce companies, leading to empty supermarket shelves at major US retailers. Producers of perishables across the West Coast are paying nearly triple pre-pandemic freight rates to … Read more