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U.S Grocery Prices Have Skyrocketed By Largest Percentage in 46 Years

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CNBC reported that the prices Americans paid for eggs, meat, cereal, and milk spiked in April as people rushed to grocery stores to stockpile food during the government shutdowns enacted to contain the spread of the Wuhan virus.

On May 12, 2020, the Labor Department reported that the prices paid for groceries spiked by 2.6 percent in April, the largest one-month increase since February 1974. The recent increase in supermarket prices was broad based and affected items from broccoli and ham to oatmeal and tuna.

The price of the meats, poultry, fish and eggs category surged 4.3%, fruits and vegetables swelled 1.5%, cereals and bakery products grew 2.9%, and dairy goods expanded 1.5%.

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On the other hand, broader trends in U.S. prices show a 0.8% decrease in prices in April, which represented the largest one-month decrease since 2008 as a decline in oil and gasoline pulled the CPI number down.

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“Food price gains were robust as we know there are empty shelves out there,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in an email. “Demand we know in most areas of the economy has collapsed and prices are falling in response.”

When eliminating the volatile food and energy sector, the “core” CPI fell 0.4%, the largest slump that took place in 1957.

“In areas where demand has hung in, like ‘food at home’ we have inflation because the supply side has been damaged, whether directly via infected facilities or because of the higher costs of finding freight capacity,” Boockvar continued.

 

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Southern Baptist Convention Reverses Course on Name Change After BLP Reporting

They say they’re not changing their name.

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The Southern Baptist Convention has sought to dispel reporting from Big League Politics on the organization’s planned name change, arguing that the institution isn’t formally changing its name.

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But a close look at the American Christian church’s plans relating to its name reveal that it’s played with the idea far more seriously than they’re making it seem.

Reports of a name change first emerged in a Washington Post article published on Tuesday. SBC President JD Greear told the Post that “hundreds of churches” affiliated with the denomination had “committed” to using the phrase “Great Commission Baptist” as an alternative to the denomination’s longtime moniker. The change would come as Greear touts his support of the Black Lives Matter, although he’s been careful in pointing out he doesn’t support any formal organization related to the movement. Greear also is renaming the church he personally pastors with the term.

The SBC’s 2021 convention will also organize under the motto of “We Are Great Commission Baptists.” Sounds a lot like a name change, even if the SBC’s leadership is steadfastly maintaining it isn’t.

The name ‘Great Commission Baptist’ is theologically sound in the Christian religion, but it’s somewhat questionable that the organization’s leader appears to be emphasizing it at a moment in which political correctness is making its entryism into many Christian churches and organizations.

It seems as if the organization’s figurehead is keen to present himself as a liberal-style suburban Evangelical to the Washington Post, but he changed his tune quite quickly when the rank and file membership of Southern Baptist churches learned that he was promoting the idea of a name change.

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