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Top related persons:
Hawaii's - 1 Kapali Keahi - 1 Keahi - 1 Rafael Villanueva - 1 Villanueva - 1 that's - 1 " Villanueva - 1 Josh Green - 1
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Lahaina Maui Nahale St Long America Las West Maui It's
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Maui Economic Development Board - 1 Tourism Expert - 1 Las Vegas Convention - 1 Visitors Authority - 1 Las - 1 Las Vegas - 1 Hawaii Gov - 1

Search resuls for: "Tom Bailey"


5 mentions found


☆ As Maui rebuilds, residents reckon with tourism's role in their recovery
  + stars: | 2023-08-19 | by ( ) www.cnbc.com   time to read: +5 min
The Maui Economic Development Board says tourism is "irrefutably" the economic engine of Maui, which saw 1.4 million visitors in just the first half of 2023. About 70% of every dollar generated in Maui can be attributed to tourism, according to the board. Yet as the island looks to rebuild, residents like Keahi wonder what role tourism should play in the long road ahead to recovery. "So if they're saying Maui is closed, then there are no tourists coming in, and then we lose our jobs." "We just wanted to stay out of the way," Bailey said, adding that he understands the local residents "need time."
Persons: Hawaii's, Kapali Keahi, Keahi, Rafael Villanueva, Villanueva, that's, " Villanueva, Josh Green, Julie Sumibtay, Sumibtay, Tom Bailey, Bailey Organizations: Maui Economic Development Board, Tourism Expert, Las Vegas Convention, Visitors Authority, Las, Las Vegas, Hawaii Gov Locations: Lahaina, Maui, Nahale St, Long, America, Las, West Maui, It's, Kihei, Sacramento, California, Kaanapali, Oahu
☆ Food is getting cheaper. But not for you
  + stars: | 2023-03-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +6 min
When food producers started raising prices a few years ago, they blamed their own costs, including higher ingredient prices. Many food companies are forecasting that they might slow down or pause price increases — but not lower them. But ingredients typically make up a small portion of overall food costs. Companies are maintaining elevated prices, or continuing to increase them, at a time when many Americans are already struggling to pay for food, especially as pandemic-era food stamp benefits expire. So people keep buying food at the grocery store, despite higher prices — giving producers an opportunity to convince retailers that those higher prices won’t drive customers away.
☆ Corporations are keeping food expensive because they can
  + stars: | 2023-03-08 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
To be sure, food manufacturers have to factor in costs of labor and transportation, which remain elevated compared with a few years ago. Anyway, it isn’t just food companies taking advantage of the inflationary moment. Many food companies are forecasting that they might slow down or pause price increases — but not lower them, Danielle explains. But [companies] have, I think, taken price increases that exceed that,” said Mark Lang, an associate professor of marketing at the University of Tampa who specializes in food marketing. Lower prices could, for example, make people think food quality has gone down — or make them think they were paying too much in the first place.
☆ Food prices still stubbornly high but seeing some easing
  + stars: | 2023-01-12 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +4 min
In December, “food at home” prices increased 0.2% from the month before, according to data released Thursday by the Bureau of Labor Statistics. On an annual basis, however, grocery prices remain stubbornly high (and nearly double the rate of overall inflation) at 11.8% year over year. “Fertilizer costs have improved, but they still remain very high. Labor costs still remain a problem — and the list goes on.”In addition to those broader pressures, other factors, including weather and disease, are heavily affecting certain products’ prices. “It makes it extremely challenging for a mom-and-pop [business].”He added: “We’re just trying to stay alive and hope that things will come down.”The expectations are for food price increases to continue to moderate, Bailey said.
☆ Here’s what’s getting more expensive at the grocery store
  + stars: | 2022-11-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Food is still getting more expensive, but at a slower pace than earlier this year. The increases are less than the record highs clocked just a few months ago, but food prices are still outpacing the overall rate of inflation, which hit 7.7% for the year. Volatility in the grain market caused by the war in Ukraine as well as high energy prices, which impact fertilizer and transportation costs, are also raising food prices. What’s getting more expensive, and what’s getting cheaperIn the year through October, eggs got a whopping 43% more expensive. In October, some prices jumped compared to the previous month.
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