Home Blog Page 392

The Erosion of Purchasing Power in the United States: 

0
joe wallace
joe wallace

The Erosion of Purchasing Power in the United States:  A Detailed Analysis from January 2021 to August 2024

BY JOE J WALLACE

AUGUST 15, 2024

Introduction

Since January 2021, the United States has witnessed a significant shift in purchasing power due to the combined effects of inflation and wage growth. Using 100 as a base year, this article explores the monthly changes in purchasing power by examining the ratio of inflation to wage increases over this period. The resulting analysis reveals a troubling trend where wages have struggled to keep pace with rising prices, leading to a decline in real income and purchasing power for many Americans.

Analysis

1. 2021: The Early Impact of Inflation

The year 2021 saw a rapid rise in inflation as the economy rebounded from the pandemic-induced slowdown. While wages did increase during this period, they did not keep pace with the surging cost of living. This is reflected in the purchasing power index, which began to decline as early as March 2021. By the end of 2021, the index had dropped to 96, indicating a 4% decline in purchasing power relative to the base year.

2. 2022: Wages Struggle to Catch Up

In 2022, inflation continued to rise, albeit at a slower pace. Wages also grew, but the increases were uneven across different sectors. The purchasing power index fluctuated throughout the year, reflecting periods where wage growth temporarily outpaced inflation. However, by December 2022, the index stood at 93, signaling a cumulative 7% decline in purchasing power since January 2021.

3. 2023: Inflation Moderation and Stagnant Wages

The year 2023 brought some relief as inflation rates began to moderate. However, wage growth also slowed, leading to a further erosion of purchasing power. By mid-2023, the purchasing power index had fallen to 91, with many Americans feeling the pinch as their paychecks stretched less far than they had in previous years.

4. 2024: The Continued Decline

As of August 2024, the purchasing power index has reached 89, marking an 11% decline from the base year. Despite efforts to curb inflation and increase wages, the cumulative effect of the past three years has left many workers struggling to maintain their standard of living.

Graph: The Decline in Purchasing Power (January 2021 – August 2024)

pastedGraphic.png

The graph above in this article illustrates the steady decline in purchasing power from January 2021 to August 2024. The graph uses 100 as the base value, with each month’s index calculated using the formula outlined above. The stark downward trend highlights the persistent challenge of balancing wage growth with inflation. Today the average American has a purchasing power that is 11% lower than it was when President Biden took the oath of office.

Conclusion

The analysis of purchasing power in the United States from January 2021 to August 2024 reveals a concerning trend. While wages have increased, they have not kept pace with the rising cost of living, leading to a significant decline in purchasing power. Policymakers and businesses must address this issue to ensure that American workers can maintain their standard of living in the face of ongoing economic challenges.

This article underscores the importance of monitoring both inflation and wage growth as critical factors in the economic well-being of households across the country. As the nation looks ahead, addressing the gap between wages and inflation will be key to restoring purchasing power and ensuring economic stability for all Americans.

FOOTNOTE:  This article was published by the City-County Observer without, opinion, bias, or editing.

Woman Fabricates Sexual Assault Incident in City Park: Warrant Issued for Her Arrest

0

Woman Fabricates Sexual Assault Incident in City Park: Warrant Issued for Her Arrest

AUGUST 15, 2024

During the early morning of July 11th dispatch received a call that a female, identified as Megan N. Cooper (34), was sexually assaulted, and was bound inside her vehicle located in Wesselman Park. Once officers responded to the scene, they requested an Adult Investigations Detective and a Sexual Violence

Detective. The crime scene was processed, and Cooper was transported to St. Vincent Hospital to have a sexual assault kit completed. At the time, the investigation appeared to be factual. The SV Detective spoke with a friend of Coopers’ that morning who stated a few days prior, he located Cooper tied up in Wesselman Park to a tree. At both times, the same friend was contacted to help locate/rescue Cooper; she did not want the police to be called for the first incident.

On July 12th

, Cooper was interviewed at Holly’s House. During that interview, she stated what occurred leading up to being located by EPD officers. Cooper also stated that similar incidents, like the July 11th incident, have occurred to her recently. Cooper described the encounters in detail, the materials  that were used to bind her during these assaults and the pills and inhalants she was instructed to take during these encounters.

The SV Detective applied for a search warrant for Cooper’s vehicle and cell phone. There were several pieces of information to show that Cooper was being dishonest about her statement. Cooper was also told that there was a possibility that DNA from the suspect could be extracted from her vehicle; Cooper indicated that she didn’t want DNA testing to be done. Business cameras recorded Cooper purchasing, or stealing, the items and materials that she was found to be bound in. Once this information was obtained, detectives also learned that Cooper has been listed as a victim in numerous kidnapping and sexual assault reports across the state of Kentucky; a suspect has never been identified in those cases and Cooper’s statements are vastly similar to the one she gave regarding the incident on July 11th. On July 18th, the SV Detective spoke to Cooper about the Evansville Police Department discrepancies in her statement.

On July 24th, Cooper called the Detective back to issue a new statement: she lied about the events that occurred on July 11

For a large portion of July, Officers, Crime Scene Detectives, Adult Investigative Detectives, Sexual Violence Detectives, outside agencies, and organizations have exerted unremitting time into this investigation that Cooper fabricated. When we investigate crimes, we lean on victim statements, witness statements and evidence to build a case that provides answers and closure for the victim. We never want to discredit a victim’s statement of any crime. Unfortunately, in this case, the victim of Sexual Assault and Kidnapping became the offender of Obstruction of Justice (Level 6 Felony) and False Informing (B Misdemeanor). Our SV Detectives are to be commended for the work they put into this case to apprehend what they initially believed to be a suspect who harmed someone in the early morning hours in a city park. Their tireless work and investigation has led to a warrant being issued for Megan N. Cooper.

103 historic farm families presented Hoosier Homestead Awards

0

103 historic farm families presented Hoosier Homestead  Awards

AUGUST 15, 2024

INDIANAPOLIS (Aug. 15, 2024) — Recognized for their families’ longstanding commitment to agriculture, 103 Indiana farm families were presented the Hoosier Homestead Award at the Indiana State Fair from Indiana State Department of Agriculture Director Don Lamb.

“The Hoosier Homestead ceremony at the Indiana State Fair is a prestigious event for all involved,” said Lt. Gov. Crouch, Indiana’s Secretary of Agriculture and Rural Development. “It is a true honor to celebrate these families for their work and commitment to bettering Indiana agriculture.”

To be named a Hoosier Homestead, farms must be owned by the same family for more than 100 consecutive years, and consist of 20 acres or more, or produce more than $1,000 in agricultural products per year.

Based on the age of the farm, families are eligible for three different distinctions of the Hoosier Homestead Award. They can receive the Centennial Award for 100 years, Sesquicentennial Award for 150 years or Bicentennial Award for 200 years of ownership.

“Keeping a farm operational for 100 years or more is something these families can take great pride in,” Lamb said. “Each of the awarded family farms continues to adapt and evolve through each new generation on the farm to ensure their success.”

Since the program’s inception in 1976, nearly 6,200 families have received the award. Often, a Hoosier Homestead farm is easily recognized because most recipients proudly display their awarded sign on their property.

During the ceremonies, six Indiana farms received the Bicentennial Award for 200 years of continuous ownership: the Thornburg-Caldwell-Slack family from Fayette County, the Hodges family from Morgan County, the Bridges-Royer family from Putnam County, the Dale & Donna Hartwell and Ricky W. Hartwell family from Rush County, the Bass-Rhodes family from Shelby County and the James W. Holmes, Jeffrey W. Holmes, Jason M. Davidson family from Tippecanoe County.

The following list includes the August 2024 Hoosier Homestead Award recipients.

County Award Name Award Year Award Type
Adams Bohnke 1897 Centennial
Adams Girod 1906 Centennial
Adams Kent L. Steiner 1890 Centennial
Allen Dafforn 1874 Sesquicentennial
Bartholomew Schroer 1886 Centennial
Benton Pitts 1880 Centennial
Benton Pitts 1911 Centennial
Blackford Schwarzkopf 1872 Sesquicentennial
Blackford Albert LeRoy Stallsmith 1904 Centennial
Carroll Boyer-Garrigues 1923 Centennial
Carroll George & Lois Wallace 1914 Centennial
Cass Geroge E. Ferguson 1858 Sesquicentennial
Cass VerBryck 1895 Centennial
Clay Hofmann (Modesitt) 1881 Centennial
Clay Hofmann (Unger) 1865 Centennial & Sesquicentennial
Clinton Dean Walker 1846 Centennial & Sesquicentennial
Daviess David L. Brown 1896 Centennial
Daviess Joseph L. Disser 1919 Centennial
Daviess Fuhrman 1918 Centennial
Dearborn Murtaugh 1855 Sesquicentennial
Decatur Manlief 1873 Sesquicentennial
Decatur Charles & Mary Torline 1874 Centennial & Sesquicentennial
Delaware Abshire 1864 Centennial & Sesquicentennial
Delaware C Clifford Green 1874 Sesquicentennial
Dubois Bartelt-Peters 1913 Centennial
Dubois Bockting 1839 Centennial & Sesquicentennial
Dubois Meyer 1920 Centennial
Fayette Thornburg-Caldwell-Slack 1824 Sesquicentennial & Bicentennial
Franklin Kuntz 1916 Centennial
Franklin Miles Homestead Farms LLc 1874 Sesquicentennial
Franklin Wessel 1858 Centennial & Sesquicentennial
Fulton Applegate-Crippen-Rock 1911 Centennial
Fulton Heater 1874 Sesquicentennial
Fulton Shewman 1918 Centennial
Grant Grindle 1852 Centennial & Sesquicentennial
Greene Roudebush 1918 Centennial
Hamilton Honnold-Muir 1902 Centennial
Henry Kirklin 1874 Centennial & Sesquicentennial
Howard Duncan Farm Legacy LLC 1864 Centennial & Sesquicentennial
Howard J & B Family Farms LLC (53 acre) 1899 Centennial
Howard J & B Family Farms LLC (80 acre) 1849 Centennial & Sesquicentennial
Huntington Philip Shafer 1923 Centennial
Jackson Bell-Alwes-Mellencamp 1918 Centennial
Jackson Claycamp 1869 Centennial & Sesquicentennial
Jackson Shoemaker 1924 Centennial
Jasper Gilmore-Brandenburg 1895 Centennial
Jasper Wilma Jean Lehe 1922 Centennial
Jasper Walter 1873 Centennial & Sesquicentennial
Knox Borgmeier 1904 Centennial
Kosciusko Messmore-Werstler 1923 Centennial
Kosciusko Shock 1866 Centennial & Sesquicentennial
LaGrange Koon-Barroquillo 1918 Centennial
Madison Haines-Wood 1854 Centennial & Sesquicentennial
Madison Sears 1924 Centennial
Madison Thomas A. Tooley 1913 Centennial
Marshall Stuntz / Bollenbacher 1869 Centennial & Sesquicentennial
Miami Berglan 1874 Sesquicentennial
Miami Peter Fisher-John H. Balsbaugh-Raymond E. Mussleman 1837 Centennial & Sesquicentennial
Miami Gahs 1874 Sesquicentennial
Miami Patricia Hardwick & Shirley Kerns 1855 Sesquicentennial
Miami Kranz 1874 Sesquicentennial
Miami Shewman 1869 Centennial & Sesquicentennial
Montgomery Cowan 1834 Sesquicentennial
Morgan Harmon & Nancy Crone 1836 Sesquicentennial
Morgan Haase 1905 Centennial
Morgan Hodges (1840) 1840 Sesquicentennial
Morgan Hodges (1822) 1822 Bicentennial
Newton Romine 1874 Sesquicentennial
Noble Harvey and Simon 1862 Centennial & Sesquicentennial
Noble Zimmerman 1919 Centennial
Posey Papenmeier 1923 Centennial
Pulaski Bergdolt 1899 Centennial
Pulaski Heater 1872 Sesquicentennial
Putnam Bridges-Royer 1823 Bicentennial
Ripley Drockelman 1860 Sesquicentennial
Ripley Miller 1910 Centennial
Ripley Shorten-Volz-Miller 1917 Centennial
Ripley Smith 1868 Centennial & Sesquicentennial
Ripley Wilson 1923 Centennial
Rush Gray-Eakin 1835 Centennial & Sesquicentennial
Rush Dale & Donna Hartwell and Ricky W. Hartwell 1821 Sesquicentennial & Bicentennial
Shelby Bass-Rhodes 1823 Centennial & Sesquicentennial & Bicentennial
Shelby Kolkmeier 1905 Centennial
Steuben Libey 1920 Centennial
Steuben Levi Pocock 1868 Sesquicentennial
St Joseph Michalski 1887 Centennial
Sullivan Shields 1894 Centennial
Tippecanoe James W. Holmes, Jeffrey W. Holmes, Jason M. Davidson (Davidson) 1824 Bicentennial
Tippecanoe Inskeep-McDole; Gilbert-Dilley; Tishler-Diem 1877 Centennial
Tipton Meyncke 1924 Centennial
Union Greenmeadow Farm Inc-Caldwell 1923 Centennial
Vanderburgh Friedrich Schaefer 1869 Sesquicentennial
Vigo Chickadaunce 1913 Centennial
Wabash Daihl 1873 Centennial & Sesquicentennial
Wabash Kirtlan 1924 Centennial
Wabash Schuler 1920 Centennial
Warren George K Kerner 1872 Sesquicentennial
Warrick Zint 1902 Centennial
Wayne F. Park Ammerman 1919 Centennial
Wells Price 1919 Centennial
White Diemer 1895 Centennial
White George B. Kilmer 1916 Centennial
White Otto Vieregge 1915 Centennial

ISDA

For more information about the Hoosier Homestead Award program, please visit isda.in.gov. Photos from the ceremony are available here.

$3.7 Million Funding Available for Recycling and Waste Diversion Projects in Central Indiana

0

$3.7 Million Funding Available for Recycling and Waste Diversion Projects in Central Indiana

Virtual information session on Sept. 4

The deadline for Central Indiana businesses to submit proposals for up to $3.7 million in funding to implement Central Indiana Waste Diversion Program (CIWDP) projects is Oct. 1, 2024.

Funding for successful applicant projects is through the Indiana Department of Environmental Management’s (IDEM) Recycling Market Development Program. Eligible waste diversion and recycling projects are restricted to Marion, Hamilton, Hancock, Shelby, Johnson, Morgan, Hendricks, and Boone counties, and implemented by private sector entities. Proposed projects must demonstrate waste diversion from landfills and incinerators and a dedicated Indiana-based market for commercial use of the material.

Applications should demonstrate an understanding of the infrastructure, supply chain, and changing economy for recyclers and seek solutions where organizations and communities can most effectively use monies to increase waste diversion in Central Indiana. Funding criteria includes the amount and type of waste diverted from landfills through the project and the potential for productive reuse of the diverted waste, with priority given to the largest amount of waste diversion potential through the project.

The Recycling Market Development Board will make final funding determinations in early Spring 2025.

To apply, visit recycle.IN.gov. For additional information about the Recycling Market Development Program, call 800-988-7901.

IDEM will host an information session on Wednesday, Sept. 4, 2024, at 2:00 p.m. to discuss this funding opportunity. The webinar will provide a summary of the CIWDP, including timeline, requirements, and application guidance. Interested entities with potential waste diversion and recycling projects that focus on Central Indiana are invited to attend. 

EPD Participating in “Cops on a Rooftop”

0

EPD Participating in “Cops on a Rooftop”

5/15/2024

This Friday, August 16, 2024, the Evansville Police Department and the Vanderburgh County Sheriff’s Office will be participating in the Special Olympics of Indiana’s, Dunkin Donuts “Cop on a Rooftop” event. At this event, Dunkin Donuts partners with local law enforcement and the Special Olympics of Indiana to raise money and awareness for the Special Olympics Torch Run and other Special Olympic events.

Several Evansville Police Officers and Vanderburgh County Sheriff’s Deputies will be on hand at the Dunkin Donuts location, at 848 S. Green River Rd., this Friday from 5:00 a.m. to 12:00 p.m. During this statewide fundraiser, hundreds of local law enforcement officers will stake out Dunkin’ rooftops all over the United States to heighten awareness and raise money for the Special Olympics.

Guests who donate to the Special Olympics will receive a free donut coupon. You can make that donation in the drive thru that morning either by cash or the Venmo app. Come see us Friday morning and help us raise more than other agencies participating in the state. We will have Special Olympian athletes with us that morning also. We hope to see you there!

HOT JOBS

0

On-Site Customer Service Rep II

Motion Industries (MOT) 3.7 3.7/5 rating
Canaan, CT
 Easily apply
Responds to customer inquires regarding products, provides quotes, and handles order entry. GPC’s policy is to recruit, hire, train, promote, assign, transfer…
3 days ago

On Site Customer Service Representative

Motion Industries (MOT) 3.7 3.7/5 rating
East Peoria, IL
 Easily apply
May assist customer by troubleshooting via telephone or email and identifying correct part. GPC’s policy is to recruit, hire, train, promote, assign, transfer…
3 days ago

Customer Service Representative

Motion Industries (MOT) 3.7 3.7/5 rating
Dayton, OH
 Easily apply
Under close supervision, the Customer Service Representative is responsible for accurately fulfilling customer orders and managing incoming customer calls.
1 day ago

AR Specialist II

Motion Industries (MOT) 3.7 3.7/5 rating
Birmingham, AL
 Easily apply
Processes incoming payments on an exception basis. GPC’s policy is to recruit, hire, train, promote, assign, transfer and terminate employees based on their own…
4 days ago

Mechanical Technician- RP01

Motion Industries (MOT) 3.7 3.7/5 rating
Houston, TX
 Easily apply
Assist customers by answering specific technical questions to help the customer understand the work to be done. Ability to read hydraulic schematics.
3 days ago

Service Technician- AI

Motion Industries (MOT) 3.7 3.7/5 rating
Eden Prairie, MN
 Easily apply
Assist customers by answering specific technical questions to help the customer understand the work to be done. Ability to read hydraulic schematics.
4 days ago

Fabricator-1

Motion Industries (MOT) 3.7 3.7/5 rating
Rochester, NY
$16 – $19 an hour
 Easily apply
Under direct supervision, the Fabricator makes, repairs, adapts, and rectifies tools, dies and other pieces of mechanical equipment with high precision…
4 days ago

Service Technician II- AI

Motion Industries (MOT) 3.7 3.7/5 rating
Rochester, NY
$22 – $29 an hour
 Easily apply
Assist customers by answering specific technical questions to help the customer understand the work to be done. Ability to read hydraulic schematics.
4 days ago

Electrical Technician- RP01

Motion Industries (MOT) 3.7 3.7/5 rating
Greenfield, IN
 Easily apply
Proficient with the use of common electrical testing tools and the ability to operate hand and power tools. Ability to read and interpret electrical schematics…
4 days ago

Service Shop Manager

Motion Industries (MOT) 3.7 3.7/5 rating
Anchorage, AK
 Easily apply
GPC’s policy is to recruit, hire, train, promote, assign, transfer and terminate employees based on their own ability, achievement, experience and conduct and…
4 days ago

Retail Food Establishment Inspection Report

0
Healthy food. Healthy eating background. Fruit, vegetable, berry. Vegetarian eating. Superfood

Media reports July 21-27, 2024

EPD DAILY ACTIVITY REPORT

0
EPD

 

EPD DAILY ACTIVITY REPORT

FOOTNOTE: EPD DAILY ACTIVITY REPORT information was provided by the EPD and posted by the City-County-County Observer without opinion, bias, or editing.

Phillips’ ninth-inning home run leads Otters to win

0

SCHAUMBURG, Ill. – On a gorgeous Tuesday night at Wintrust Field, the Evansville Otters took down the Schaumburg Boomers 5-2 to take a 2-1 lead in the five-game series.

Dakota Phillips stole the show once again. In the Otters’ (35-45) ninth, he blasted a three-run go-ahead homer to right-center propelling the club to victory.

The Boomers (39-40) scored their only two runs of the game in the opening inning.

After a rocky start from southpaw Braden Scott (4-9), he settled down and dominated the rest of the contest. His final line was eight innings pitched, allowing the pair of runs on six hits with seven strikeouts and two walks.

It took the bats some time to get going, but they answered in the fourth inning to even the score at two. Pavin Parks hit a sacrifice fly to score the first run, followed by a Phillips RBI single to center field.

Afterwards, pitching commanded the game until the ninth. The Schaumburg arm had already struck out three in the inning, but a wild pitch extended the frame. One walk later, Phillips took care of the rest with the three-run home run.

Parks (Sv. 4) went from shortstop to the mound and closed out the ninth, striking out one. The two-way player remains perfect in save opportunities.

David Mendham, Gary Mattis and Phillips had two hits each to lead the offense.

Back to the grind tomorrow, the Otters look to win the series against the Boomers with a 6:30 p.m. CT first pitch. Coverage is available on the Otters Digital Network and FloBaseball.