I suspected this type of thing was going on in the background.
$3.3 million plus eggs with at retail value of $9.7 million seemed like a pretty small number. I had to do the math.
Cal-Maine sold about 38 billion eggs over the 3 year period. Their share of the settlement is about $5.9 million. That works out to $0.0018 per dozen eggs sold.
Its a lot bigger than that.
https://giftarticle.ft.com/giftarticle/actions/redeem/f4cc31e9-f3b3-4be0-acde-8ca6dd1df39d
I’m not sure what “It” and “that” mean.
Maybe you mean that it’s not simply a case of the fine being trivially small compared to the operating profits, but also that the family got multiples of those profits when they sold out?
Pretty amazing the effect energy has on the CPI. These are the index levels for energy from Jan to June.
Jan 272.68
Feb 277.179
Mar 310.28
Apr 329.907
May 346.042
Jun 328.95
And July will probably pop back up to something between the May and Jun numbers then rise again in Aug unless the Iran war really does end.
Report on debt levels, reliance on credit for groceries, etc. in the US
A fed governor(?) seems to be saying it never left…
Well, since the Y/Y was last below 2% in Feb 2021, the last 63 months the Y/Y has a min of 2.31%, a max of 9.06% and an average over that period of 4.49%. So I’m going to say she is right.