The pace of US retailer sales remained unchanged in September from August. This is because rising rents and food prices have cut down on funds available for other things. Retail sales were flat last month, below revised figures. 0.4% growth in August.
What keeps inflation so high? The answer seems to be pretty much everything. Supply chain disruptions and parts shortages drove the cost of goods in factories soaring as the economy surged out of the pandemic recession two years ago. did. Then the Russian invasion of Ukraine disrupted gas and food supplies, sending prices skyrocketing. Since March, the Fed has been aggressively raising interest rates to contain the price spike.
Combining urban and rural data, the average home sale price in North Dakota rose 51% from $163,144 in 2010 to $246,786 in 2020, according to a new study. In 2021, the selling price will increase another 8% to $267,404. Rising mortgage rates will further impact affordability. In the same period from 2010 to 2021, the renter saw gross rents rise 49% above his, more than double his rate of inflation. This assessment was conducted by the Center for Social Research at North Dakota State University (NDSU).
Grand Forks could have a second boutique hotel downtown. Developers are looking for his eight-room inn called The Artisan at 408 Demers Avenue. There are commercial shops on the lower floors. Restoration work on the exterior of the building and new windows is already underway. The new look also features rooftop access and railings. Several other downtown projects are under construction. They include the larger Olive Ann Boutique Hotel, The Beacon Complex and Franklin on Forth.
(Pictured: Beacon-Olive Ann-Franklin fourth, The Artisan bottom)
East Grand Forks is considering updating its 2018 wage survey for city employees. Market analysis with calibration and new payment plans will cost approximately $13,000. City administrator David Murphy said wage reviews could be an important tool in efforts to stay competitive.
Two of America’s largest grocers have agreed to merge to better compete with Walmart, Amazon and other major players in the grocery business. Kroger made his $20 billion bid for Albertsons Companies Inc. on Friday. Together, the two companies employ 710,000 people.
Delta posted a profit of $695 million in the third quarter, which includes the peak summer travel season. Delta Air Lines said Thursday that it expects fourth-quarter earnings to be higher than its pre-pandemic equivalent in 2019. Delta’s earnings are driven by higher average fares and a profitable credit card business. This is helping airlines overcome rising fuel prices. Delta services his GFK.
Netflix will unveil the first version of its ad-supported video streaming service next month. The move will allow cost-conscious viewers to watch most Netflix shows at deep discounts instead of putting up with commercial breaks. The ad-supported service is scheduled to debut on November 3rd.
The North Dakota Department of Commerce today announced that four communities have been selected for the 2022 Artists on Main Street program. Applicants will be provided technical assistance and funding to develop and install art in the community. Communities for this year’s program are Williston via Williston Downtowners Association, Minot via Visit Minot, Hazen via Hazen Chamber of Commerce/CVB, and Divide County via Meadowlark Arts Council.
The Empire Arts Center has appointed Matthew (Matt) Turnus as its new Director of Development and Marketing. Ternus came to the Empire Arts Center from the Community Violence Intervention Center (CVIC) where she worked as a prevention and education specialist. He graduated from the University of North Dakota with a BA in Political Science. Ternus will begin his role on his Monday, October 17th
Bree Maki has been appointed Director of the Broadband Development Authority of Minnesota. Maki is Sen. Tina Smith Sr. Her Outreach Director and State Broadband and Telecommunications Her Outreach Director. She will replace former director Angie Dixon.
The online tool provided by the Minnesota Department of Agriculture (MDA) that connects current farmers looking to retire with novice farmers looking for land has received a major upgrade. Minnesota FarmLink is a Minnesota farm and land parcel listing service for sale or rent that now allows users to post, edit and delete their listings.
The New Zealand government is proposing to tax the greenhouse gases produced by livestock from burping and peeing as part of a plan to tackle climate change. The government says the farm tax is the first in the world and that farmers should be able to recoup their costs by charging more for climate-friendly products.
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