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17.03.26 - 22:06
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$5 Diesel Means A 35% Jump In Prices For US Consumers (ZeroHedge)
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$5 Diesel Means A 35% Jump In Prices For US Consumers
While US gasoline prices have risen substantially since the start of the Iran war (although RBOB futures suggest there is much more upside should oil prices remain around $100), the average price of diesel has already soared above $5 per gallon in the US, the highest since 2022, and pushing up supply chain costs and setting the stage for broader inflation for consumers.
The price spike is increasing costs for farmers, truckers and construction firms.
With diesel at $5 per gallon, these industries are on track to spending around $6.1 billion this week on the fuel, according to BloombergNEF forecasts.
The same amount of fuel would have cost just $4.5 billion ahead of the war, a 35% increase.
According to BNEF, road diesel accounts for roughly 66% of US diesel consumption, with large trucking fleet operators like Walmart and Amazon highly exposed to fuel cost swings.
The fuel also powers agricultural machinery, ships and trains hauling goods ...
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16.03.26 - 23:24
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JBS USA Workers Strike At Colorado Beef Plant (AFX)
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WASHINGTON (dpa-AFX) - JBS USA workers at the company's beef plant in Greeley, Colorado, began a strike on Monday, with about 3,800 employees walking off the job. This is the first major U.S. meat......
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16.03.26 - 19:18
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Trump′s war is bringing economic calamity to the UK – and another shock to our politics | Gaby Hinsliff (The Guardian)
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Hard choices lie ahead for Downing Street if higher fuel prices spark resentment and trigger a renewed cost of living crisisSeventy years ago this winter, the streets of Britain fell eerily quiet. After one last panic buying spree, many garages shut, and traffic even in the heart of London dwindled away. The formal introduction of petrol rationing had begun, limiting drivers to 200 miles' worth a month – with exceptions for farmers, doctors and vicars – after the Suez crisis blocked fuel supplies from the Gulf.Ancient history now, of course – or it would be if it weren't for what looks increasingly like the US's own version of Suez: a great power starting a war it seemingly doesn't know how to finish, against an enemy it woefully underestimated. If the strait of Hormuz – the vital shipping lane now rendered unsafe for shipping by Iranian drones and mines – cannot soon be reopened, then Britain could be only weeks away from needing to ration fuel, the former BP executive (and government advis...
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11.03.26 - 14:18
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Nearly 4,000 US meatpacking workers to strike at plant run by top Trump donor (The Guardian)
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Workers at JBS USA to strike Monday in what will be the first labor strike in the meatpacking industry in decadesAbout 3,800 workers at JBS USA, the world's largest meat producer, are set to strike on Monday in what will be the first labor strike in the industry in decades.The walkout threatens to put further strain on US meat prices – ground beef prices soared 15% last year – and could prove a headache for the Trump administration as it struggles with poor polling on cost of living issues. Continue reading......
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10.03.26 - 20:30
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AM Best Revises Outlooks to Stable for Farmers Mutual Fire Insurance Company of Marble, Pennsylvania (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Farmers Mutual Fire Insurance Company of Marble, Pennsylvania (Farmers Mutual) (Marble, PA).
The Credit Ratings (ratings) reflect Farmers Mutual's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
The revision in the outlooks to stable from negative reflects improvement in Farmers Mutual's underwriting and operating performance trends from earlier in the five-year period. Improvement in results has been a product of pricing adjustments to address economic inflation, as well as strategic underwriting initiatives by management to mitigate loss costs. Following a volatile year in 2023, the company recorded strong underwriting gains with sub-95 combined ratios in both 2024...
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09.03.26 - 13:01
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Court Authorizes Notice of Proposed Class Action Settlement for Farmers, Landscapers and Others Exposed to Weed Killers (PR Newswire)
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ST. LOUIS, March 9, 2026 /PRNewswire/ -- Seeger Weiss LLP, Motley Rice LLC, Waters Kraus Paul & Siegel, Williams Hart & Boundas LLP, The Holland Law Firm, and Ketchmark & McCreight P.C. announce that the Circuit Court of the City of St. Louis, State of Missouri, has granted preliminary......
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06.03.26 - 14:55
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Senate Democrats Introduce Bill To Break Up Major Meatpacking Companies (ZeroHedge)
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Senate Democrats Introduce Bill To Break Up Major Meatpacking Companies
Authored by Chase Smith via The Epoch Times (emphasis ours),
Senate Democratic Leader Chuck Schumer (D-N.Y.) and 12 other senators introduced legislation on March 5 that would force the nation's largest meatpackers to break up their operations across beef, pork, and poultry, in the latest push in the Democratic affordability agenda heading into the 2026 midterm elections.
Senate Minority Leader Chuck Schumer (D-N.Y.) speaks at a news conference on Capitol Hill in Washington on Jan. 14, 2025. Madalina Kilroy/The Epoch Times
The Family Grocery and Farmer Relief Act would make it illegal for a major meatpacking company to control more than one type of meat, impose concentration caps on beef markets, and give the Federal Trade Commission authority to order divestitures of plants and facilities.
The bill would also bar foreign-controlled meatpacking companies, including Brazil-based JBS, from operating in the United States.
Sc...
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