Economy
Food Prices Continue to Surge
Mayonnaise, soup and more get expensive as inflation accelerates.
Canadian PM Implores Nations to Stand Together Against China
“We need to do a better job of working together and standing strong so China can’t play the angles and divide us one against the other,” Trudeau said in an interview with Global television.
Debt Is On The Rise, Increasing Risks For Many Households
Households are sinking deeper into debt. Some of this debt creates financial risks for households. They still need to repay that debt, even if they lose a job or encounter a health emergency, among other unforeseen events. The combination of multiple financial risks could be toxic.
Energy
Industrial Projects Receive Special Electric Rates While Residential Rates Increase
The Michigan Public Service Commission approved a hike in residential electricity rates. The $27.1 million increase was requested for improvements in its distribution system, to make up for declines in sales revenue and to add 300 megawatts of solar power generation.
Health
China’s Strict Zero Covid Policy Continues to Fail
The country has the world’s strictest strategy with the most recent one being imposed on 13 million residents in the city of Xi’an after 200 cases were recorded.
Pfizer Covid Pills Potentially Dangerous with Other Meds
One of the two drugs in the antiviral cocktail could cause serious interactions with widely used prescriptions, including statins, blood thinners and some antidepressants.
Pfizer Booster Wanes in Weeks for Asymptomatic
New data from the UK indicates that the effectiveness of Pfizer vaccine booster shots in preventing symptomatic COVID-19 as a result of the Omicron variant drops considerably within 10 weeks of receiving the inoculation.
Anger Spurs States to Curb Health Officials’ Power
At least 19 states this year have restricted state or local authorities from safeguarding public health amid the coronavirus pandemic.
Angry Crowds in NYC Compete for Tests
Friday was the second day that free at-home COVID testing kits were handed out at pop-up sites across New York City, and in some areas of the city, larger-than-expected turnouts led to angry crowds and arguments.
The post Daily Digest 12/27 – Pfizer Fades, Plus Pill Dangers; Rise of Household Debt; Higher Michigan Utility Rates appeared first on Peak Prosperity.
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