FTC Witch Hunt
The FTC Asks Amazon, Walmart, Kroger and Other Companies for Information regarding Supply Chain Issues.
The Federal Trade Commission is seeking information from Amazon.com Inc., Procter & Gamble Co., Walmart Inc. and others about how they are handling supply-chain snarls, part of a study into whether the problems have led to anticompetitive behavior and higher prices.
The document request isn’t part of any law-enforcement action, the FTC said in a press release. Instead, the agency said it is looking to understand the reasons behind the widespread supply-chain problems that have crimped economic growth.
The agency is also seeking documents and information from Kroger Co., C&S Wholesale Grocers Inc., Associated Wholesale Grocers Inc., McLane Co., Tyson Foods Inc., and Kraft Heinz Co. The companies have 45 days to respond.
The order will require the companies to detail how they are navigating the supply chain crisis, including how it has affected the availability of transportation, delayed orders and led to increased prices. The FTC also wants to know what companies are doing to fix the problems and how they allocate products among stores when products are scarce.
What a major waste of time and money for the FTC and all the companies burdened with nonsense.
Question of the Day
Warren on Turkeys
“Americans are paying record high prices for their Thanksgiving turkey while big poultry companies are paying billions in dividends, giving CEOs raises & earning huge profits. These companies are abusing their market power. I’m asking DOJ to investigate.”
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Mish
while big poultry companies are paying billions in dividends, giving
CEOs raises & earning huge profits.”
No need for a study. The new drug and alcohol clearing house for cdl drivers. Basically if you get fired for a violation you cant just go down the street and get hired. Something like 70000 drivers affected. To put it in perspective a container ship hold for 10000 to 21000 teu s i think they are called.
Yesterday
By Paul
McCarty and John Lemon
Yesterday all my stocks were up so far away
Now they are down and there they stay
Oh I didn’t sell them yesterday
Suddenly I’ve half the wealth I used to be
There’s a shadow hanging over me
Oh I didn’t sell them yesterday
Why the market went below I don’t know
It didn’t say
I did something wrong
Now I long for yesterday
Yesterday stocks were such an easy game to play
Now Margin calls I will have to pay
Oh I believe in yesterday