5 Burst results for "Aeg Companies"

"aeg companies" Discussed on KQED Radio

KQED Radio

03:28 min | 1 year ago

"aeg companies" Discussed on KQED Radio

"After a tumultuous summer he's ready to pay attention to the presidential race for NPR news. I'm Angela Cochair guy in El Paso. You're listeningto all things considered from NPR news. Is it egg greediness or just good economics. The price of eggs skyrocketed during the pandemic, and now some states are suing AEG companies for price gouging. Stacy Vanik Smith in Cardiff Garcia from our daily economics podcast, the indicator from Planet money, tell us exactly what's going on with egg prices. We eat a lot of eggs in this country. The average American eats almost an egg a day and during the pandemic, we really got excited about eggs. Grocery stores were ordering six times more eggs than normal and a lot of store shelves were still empty. Yes, so demand for eggs went crazy and the supply could not increase right away because there are only so many egg laying hens in the US and you know that in prison, a man will will lead to a rise in prices. That is David Ortega. He is a food economist at Michigan State University. And David says it's all about supply and demand. A spike in demand, plus a fixed supply pushes up the price and the price went way up nearly 200% in March and now a bunch of states have responded by suing AEG companies for price gouging. The state's included Texas, West Virginia in Minnesota, and they also included New York, where the attorney general accused egg company Hillandale Farms of taking in $4 million in revenues from overcharging people for eggs. And with prices here is where things get tricky. I mean, Did eight companies commit a crime by charging more for eggs. Were they just being good free market citizens? Also challenging really happens when you purposefully set the price of a commodity, you know, significantly above the traditional price level that incorporates costs and other forces, David says. Part of the issue here is that costs went up for eight companies to labor transports. Supplies were all hard to get and often expensive in the early days of the pandemic, But did those costs go up? By three or 400%, like their prices did that is the question being hashed out in courts now, and it's kind of complicated and part of the issue. Here, of course, is the egg itself, right? I mean, if I scream prices or caviar prices or wine prices or something like that went up by 200%. It probably wouldn't be a legal issue a price gouging accusation. But the idea here is that eggs are a staple in a stable that really vulnerable people count on, especially in a crisis, and this idea that companies were profiting off of vulnerable people in time of crisis makes it seem kind of wrong, David says. It's especially tricky here because there was a time when pretty much all food prices were going up. In fact, between March and April, food prices saw their biggest jump in 46 years. But you know it's really difficult to draw the line as to what is a appropriate price responds due to the shock versus what isthe sort of this type of illicit behavior that's trying to take advantage of the situation, David says. We will have to see what the courts decide about egg prices and whether it was price gouging or just, you know, faire economics or maybe unfair but legal economics. Stacy.

David Ortega AEG companies Stacy Vanik Smith NPR Angela Cochair El Paso US Cardiff Garcia Michigan State University Texas New York Hillandale Farms attorney Minnesota West Virginia
"aeg companies" Discussed on KCRW

KCRW

03:12 min | 1 year ago

"aeg companies" Discussed on KCRW

"Considered from NPR news. Is it egg gree GIs or just good egg economics. The price of eggs skyrocketed during the pandemic, and now some states are suing AEG companies for price gouging Stacy Vanik, Smith and Cardiff Garcia from our daily economics podcast, the indicator from Planet money, tell us exactly what's going on with egg prices. We eat a lot of eggs in this country. The average American eats almost an egg a day and during the pandemic, we really got excited about eggs. Grocery stores were ordering six times more eggs than normal and a lot of store shelves were still empty. Yes, so demand for eggs went crazy and the supply could not increase right away because there are only so many egg laying hens in the US and you know that in prison, a man will lead to a rise in prices. That is David Ortega. He is a food economist at Michigan State University, and David says it's all about supply and demand. A spike in demand, plus a fixed supply pushes up the price. And the price went way up nearly 200% in March, and now a bunch of states have responded by suing AEG companies for price gouging. Thes states included Texas, West Virginia in Minnesota, and they also included New York, where the attorney general accused egg company Hillandale Farms of taking in $4 million in revenues from overcharging people for eggs and with egg prices. Here is where things get tricky. I mean, Did eight companies commit a crime by charging more for eggs. Were they just being good free market citizens? Also challenging really happens when you purposefully set the price of a commodity, you know, significantly above the traditional price level that incorporates costs and other forces, David says. Part of the issue here is that costs went up for eight companies to labor transports. Supplies were all hard to get and often expensive in the early days of the pandemic, But did those costs go up? By three or 400%, like their prices did that is the question being hashed out in courts now, and it's kind of complicated and part of the issue. Here, of course, is the egg itself, right? I mean, if I scream prices or caviar prices or wine prices or something like that went up by 200%. It probably wouldn't be a legal issue a price gouging accusation. But the idea here is that eggs are a staple in a stable that really vulnerable people count on, especially in a crisis, and this idea that companies were profiting off of vulnerable people in time of crisis makes it seem kind of wrong, David says. It's especially tricky here because there was a time when pretty much all food prices were going up. In fact, between March and April, food prices saw their biggest jump in 46 years. But you know it's really difficult to draw the line as to what is a appropriate price response due to the shock versus what isthe sort of This type of illicit behavior that's trying to take advantage of the situation, David says. We will have to see what the courts decide about egg prices and whether it was price gouging or just, you know, faire economics or maybe unfair but legal economics. Stacy.

David Ortega AEG companies Stacy Vanik NPR US Cardiff Garcia Michigan State University New York Texas Hillandale Farms attorney Smith Minnesota West Virginia
"aeg companies" Discussed on KCRW

KCRW

03:11 min | 1 year ago

"aeg companies" Discussed on KCRW

"It egg gree GIs or just good egg economics. The price of eggs skyrocketed during the pandemic, and now some states are suing AEG companies for price gouging Stacy Vanik, Smith and Cardiff Garcia from our daily economics podcast, the indicator from Planet money, tell us exactly what's going on with egg prices. We eat a lot of eggs in this country. The average American eats almost an egg a day and during the pandemic, we really got excited about eggs. Grocery stores were ordering six times more eggs than normal and a lot of store shelves were still empty. Yes, so demand for eggs went crazy and the supply could not increase right away because there are only so many egg laying hens in the US and you know that in prison, a man will lead to a rise in prices. That is David Ortega. He is a food economist at Michigan State University, and David says it's all about supply and demand. A spike in demand, plus a fixed supply pushes up the price. And the price went way up nearly 200% in March, and now a bunch of states have responded by suing AEG companies for price gouging. Thes states included Texas, West Virginia in Minnesota, and they also included New York, where the attorney general accused egg company Hillandale Farms of taking in $4 million in revenues from overcharging people for eggs and with egg prices. Here is where things get tricky. I mean, Did eight companies commit a crime by charging more for eggs. Were they just being good free market citizens? Also challenging really happens when you purposefully set the price of a commodity, you know, significantly above the traditional price level that incorporates costs and other forces, David says. Part of the issue here is that costs went up for eight companies to labor transports. Supplies were all hard to get and often expensive in the early days of the pandemic, But did those costs go up? By three or 400%, like their prices did that is the question being hashed out in courts now, and it's kind of complicated and part of the issue. Here, of course, is the egg itself, right? I mean, if I scream prices or caviar prices or wine prices or something like that went up by 200%. It probably wouldn't be a legal issue a price gouging accusation. But the idea here is that eggs are a staple in a stable that really vulnerable people count on, especially in a crisis, and this idea that companies were profiting off of vulnerable people in time of crisis makes it seem kind of wrong, David says. It's especially tricky here because there was a time when pretty much all food prices were going up. In fact, between March and April, food prices saw their biggest jump in 46 years. But you know it's really difficult to draw the line as to what is a appropriate price response due to the shock versus what isthe sort of This type of illicit behavior that's trying to take advantage of the situation, David says. We will have to see what the courts decide about egg prices and whether it was price gouging or just, you know, faire economics or maybe unfair but legal economics. Stacy Vanek, Smith. Cardiff Garcia NPR news

Donald Trump NPR El Paso Joe Biden Texas official California
Egg Prices Skyrocket During The Pandemic

All Things Considered

03:12 min | 1 year ago

Egg Prices Skyrocket During The Pandemic

"It egg gree GIs or just good egg economics. The price of eggs skyrocketed during the pandemic, and now some states are suing AEG companies for price gouging Stacy Vanik, Smith and Cardiff Garcia from our daily economics podcast, the indicator from Planet money, tell us exactly what's going on with egg prices. We eat a lot of eggs in this country. The average American eats almost an egg a day and during the pandemic, we really got excited about eggs. Grocery stores were ordering six times more eggs than normal and a lot of store shelves were still empty. Yes, so demand for eggs went crazy and the supply could not increase right away because there are only so many egg laying hens in the US and you know that in prison, a man will lead to a rise in prices. That is David Ortega. He is a food economist at Michigan State University, and David says it's all about supply and demand. A spike in demand, plus a fixed supply pushes up the price. And the price went way up nearly 200% in March, and now a bunch of states have responded by suing AEG companies for price gouging. Thes states included Texas, West Virginia in Minnesota, and they also included New York, where the attorney general accused egg company Hillandale Farms of taking in $4 million in revenues from overcharging people for eggs and with egg prices. Here is where things get tricky. I mean, Did eight companies commit a crime by charging more for eggs. Were they just being good free market citizens? Also challenging really happens when you purposefully set the price of a commodity, you know, significantly above the traditional price level that incorporates costs and other forces, David says. Part of the issue here is that costs went up for eight companies to labor transports. Supplies were all hard to get and often expensive in the early days of the pandemic, But did those costs go up? By three or 400%, like their prices did that is the question being hashed out in courts now, and it's kind of complicated and part of the issue. Here, of course, is the egg itself, right? I mean, if I scream prices or caviar prices or wine prices or something like that went up by 200%. It probably wouldn't be a legal issue a price gouging accusation. But the idea here is that eggs are a staple in a stable that really vulnerable people count on, especially in a crisis, and this idea that companies were profiting off of vulnerable people in time of crisis makes it seem kind of wrong, David says. It's especially tricky here because there was a time when pretty much all food prices were going up. In fact, between March and April, food prices saw their biggest jump in 46 years. But you know it's really difficult to draw the line as to what is a appropriate price response due to the shock versus what isthe sort of This type of illicit behavior that's trying to take advantage of the situation, David says. We will have to see what the courts decide about egg prices and whether it was price gouging or just, you know, faire economics or maybe unfair but legal economics. Stacy Vanek, Smith. Cardiff Garcia NPR news

David Ortega Aeg Companies Smith Cardiff Garcia Stacy Vanik United States Stacy Vanek NPR Michigan State University New York Texas Hillandale Farms Attorney Minnesota West Virginia
"aeg companies" Discussed on KCRW

KCRW

03:48 min | 1 year ago

"aeg companies" Discussed on KCRW

"I think it's important as Faras socialising. I think it's a big part of growing up and I think they need that. He's also concerned about social justice, black lives matter and the whole racial being going on. I think it's very point that they All right, guys that during the president's cast, another has not decided who he will vote for yet, But after a tumultuous summer he's ready to pay attention to the presidential race for NPR news. I'm Angela Cochair guy in El Paso. You're listeningto all things considered from NPR news. Is it egg gree GIs or just good egg economics. The price of eggs skyrocketed during the pandemic, and now some states are suing AEG companies for price gouging Stacy Vanik, Smith and Cardiff Garcia from our daily economics podcast, the indicator from Planet money, tell us exactly what's going on with egg prices. We eat a lot of eggs in this country. The average American eats almost an egg a day and during the pandemic, we really got excited about eggs. Grocery stores were ordering six times more eggs than normal and a lot of store shelves were still empty. Yes, so demand for eggs went crazy and the supply could not increase right away because there are only so many egg laying hens in the US and you know that increasing demand will will lead to a rise in prices. That is David Ortega. He is Food economist at Michigan State University, and David says it's all about supply and demand. A spike in demand. Plus a fixed supply pushes up the price and the price went way up nearly 200% in March and now a bunch of states have responded by suing AEG companies for price gouging. Thes states included Texas, West Virginia in Minnesota. And they also included New York, where the attorney general accused egg company Hillandale Farms of taking in $4 million in revenues from overcharging people for eggs and with egg prices. Here is where things get tricky. I mean, Did eight companies commit a crime by charging more for eggs. Were they just being good free market citizens? Also challenging really happens when you purposefully set the price of a commodity, you know, significantly above the traditional price level that incorporates costs and other forces, David says. Part of the issue here is that costs went up for eight companies to labor transports. Supplies were all hard to get and often expensive in the early days of the pandemic, But did those costs go up? By three or 400%, like their prices did that is the question being hashed out in courts now, and it's kind of complicated and part of the issue. Here, of course, is the egg itself, right? I mean, if I scream prices or caviar prices or wine prices or something like that went up by 200%. It probably wouldn't be a legal issue a price gouging accusation. But the idea here is that eggs are a staple in a stable that really vulnerable people count on, especially in a crisis, and this idea that companies were profiting off of vulnerable people in time of crisis makes it seem kind of wrong, David says. It's especially tricky here because there was a time when pretty much all food prices were going up. In fact, between March and April, food prices saw their biggest jump in 46 years. But you know it's really difficult to draw the line as to what is a appropriate price response due to the shock versus what isthe sort of This type of illicit behavior that's trying to take advantage of the situation, David says. We will have to see what the courts decide about egg prices and whether it was price gouging or just, you know, faire economics or maybe unfair but legal economics..

David Ortega AEG companies NPR Faras US president Angela Cochair El Paso New York Michigan State University Texas Stacy Vanik Hillandale Farms Cardiff Garcia Minnesota