Yes, Even Cookie Monster Is Upset About ‘Shrinkflation’
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,617,430 (-0.29%)       Melbourne $983,992 (+0.22%)       Brisbane $1,009,807 (-0.35%)       Adelaide $906,751 (+1.13%)       Perth $909,874 (+0.75%)       Hobart $736,941 (+0.17%)       Darwin $686,749 (+1.64%)       Canberra $966,289 (-0.61%)       National $1,049,206 (-0.00%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $766,563 (+0.96%)       Melbourne $496,920 (-0.51%)       Brisbane $594,946 (-0.69%)       Adelaide $471,433 (-1.10%)       Perth $470,780 (+0.05%)       Hobart $511,407 (+0.29%)       Darwin $390,827 (+5.09%)       Canberra $473,306 (-0.38%)       National $543,725 (+0.24%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 11,294 (+339)       Melbourne 15,418 (-206)       Brisbane 8,328 (+106)       Adelaide 2,290 (+107)       Perth 6,015 (+41)       Hobart 1,117 (+4)       Darwin 282 (+1)       Canberra 1,069 (+44)       National 45,813 (+436)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,483 (+156)       Melbourne 8,805 (+44)       Brisbane 1,732 (+14)       Adelaide 433 (+26)       Perth 1,443 (-2)       Hobart 188 (+12)       Darwin 369 (-2)       Canberra 1,049 (+3)       National 23,502 (+251)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $610 ($0)       Brisbane $640 ($0)       Adelaide $610 (+$10)       Perth $660 ($0)       Hobart $550 ($0)       Darwin $750 (+$25)       Canberra $670 ($0)       National $670 (+$5)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $580 ($0)       Brisbane $620 ($0)       Adelaide $500 ($0)       Perth $610 (-$10)       Hobart $450 ($0)       Darwin $580 ($0)       Canberra $550 ($0)       National $592 (-$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,754 (-19)       Melbourne 6,704 (+157)       Brisbane 4,270 (+30)       Adelaide 1,344 (-9)       Perth 2,367 (-11)       Hobart 271 (-22)       Darwin 88 (0)       Canberra 520 (-13)       National 21,318 (+113)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 9,969 (-121)       Melbourne 6,440 (+1)       Brisbane 2,292 (+7)       Adelaide 370 (-4)       Perth 636 (-35)       Hobart 114 (-6)       Darwin 178 (+18)       Canberra 808 (+9)       National 20,807 (-131)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.57% (↑)        Melbourne 3.22% (↓)     Brisbane 3.30% (↑)      Adelaide 3.50% (↑)        Perth 3.77% (↓)       Hobart 3.88% (↓)     Darwin 5.68% (↑)      Canberra 3.61% (↑)      National 3.32% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.09% (↓)     Melbourne 6.07% (↑)      Brisbane 5.42% (↑)      Adelaide 5.52% (↑)        Perth 6.74% (↓)       Hobart 4.58% (↓)       Darwin 7.72% (↓)     Canberra 6.04% (↑)        National 5.66% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 30.9 (↓)       Melbourne 33.2 (↓)     Brisbane 33.0 (↑)        Adelaide 25.3 (↓)       Perth 35.4 (↓)     Hobart 38.5 (↑)        Darwin 42.4 (↓)       Canberra 32.4 (↓)       National 33.9 (↓)            AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 31.9 (↓)       Melbourne 34.3 (↓)       Brisbane 30.0 (↓)     Adelaide 25.1 (↑)        Perth 34.9 (↓)       Hobart 32.8 (↓)     Darwin 44.8 (↑)      Canberra 40.8 (↑)        National 34.3 (↓)           
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Yes, Even Cookie Monster Is Upset About ‘Shrinkflation’

Muppet’s rant against cookie prices sparks political reaction, White House response

By JOSEPH PISANI
Wed, Mar 6, 2024 8:50amGrey Clock 3 min

Cookie Monster is a blue furry muppet who lives on a fake street, but even he is sick of a real menace in supermarket aisles.

“Me hate shrinkflation!,” the “Sesame Street” character wrote to his 626,000 followers on X. “Me cookies are getting smaller.”

Shrinkflation—when companies shrink their products but not the price—has been a hot topic as Americans spend more of their disposable income on food than they have in 30 years . Shrinkflation saves companies money, but politicians have called it greed. It’s been showing up everywhere: fewer sheets of toilet paper in a roll; less juice in a bottle; or in Cookie Monster’s case, smaller cookies that cost the same as when they were bigger.

President Biden has been critical of shrinkflation lately, calling it “a rip-off” by companies who he said are giving Americans less for every dollar they spend.

“As an ice-cream lover,” Biden said in an Instagram video posted last month on the same day as the Super Bowl, “what makes me the most angry is that ice-cream cartons have actually shrunk in size but not in price.”

On Monday, the White House weighed in on Cookie Monster’s post.

“C is for consumers getting ripped off,” the White House posted on X . “President Biden is calling on companies to put a stop to shrinkflation.”

Sen. Elizabeth Warren (D., Mass.) told Cookie Monster she and Sen. Bob Casey (D., Pa.) “have a bill for that.”

Called the Shrinkflation Prevention Act, the bill was introduced by the Democratic senators last week. It would give the Federal Trade Commission and state attorneys general the authority to punish companies engaging in shrinkflation.

Snacks such as chips and cookies have become 26% more expensive since January 2019, according to a report by Casey released in December . Nearly 10% of the price increase was due to shrinkflation, the report said.

Oreo fans have noticed less cream in the black-and-white cookies, but the company behind them has said there hasn’t been a change to the cookie-to-cream ratio. French supermarket chain Carrefour started attaching labels to products in September warning shoppers of what it deems to be shrinkflation. And even the rich and famous have noticed: Rapper Cardi B has ranted about high inflation and rising lettuce prices . “Naaaaaa,” she tweeted last year, “grocery shopping prices are ridiculous right now.”

David Chavern , the chief executive of the Consumer Brands Association, which represents major food makers, said industry leaders understand the pressures of inflation on Americans and have asked to meet with Biden.

“This is a serious issue and needs responsible leadership, not gimmicks or muppet memes,” he said. “In the meantime, we will continue our efforts to provide the best products at the most competitive price.”

“Sesame Street” characters have been diving into real world issues on social media, gaining differing reactions from politicians.

When the Covid-19 vaccine was approved for children, Big Bird tweeted he got the shot.

“My wing is feeling a little sore, but it’ll give my body an extra protective boost that keeps me and others healthy,” he wrote .

Republican Texas Senator Ted Cruz   tweeted that it was , “Government propaganda…for your 5 year old!”

In January, Elmo asked a question on X : “How is everybody doing?,” only to get inundated with replies from people talking about their mental health and saying how bleak their lives are, garnering a tweet from Biden.

“I know how hard it is some days to sweep the clouds away and get to sunnier days,” Biden responded to the red muppet . “Our friend Elmo is right: We have to be there for each other, offer our help to a neighbour in need, and above all else, ask for help when we need it.”

Representatives for “Sesame Street” didn’t respond to requests for comment Tuesday.

As for Cookie Monster’s shrinkflation rant, Edgar Dworsky is happy to have more allies.

“I’ve been campaigning against shrinkflation for more than three decades,” said Dworsky, who calls out companies engaging in shrinkflation on his websites ConsumerWorld.org and MousePrint.org. “I welcome the help of such prominent figures as Cookie Monster and of course, the president.”

In the meantime, Cookie Monster seems to have found his own shrinkflation solution.

“Guess me going to have to eat double da cookies!,” he tweeted .



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“Many of Alibaba’s business face challenges and the possibility of being surpassed, but that’s to be expected as no single company can stay at the top forever in any industry,” Ma said in a letter sent to employees late Tuesday, seen by The Wall Street Journal.

Once a darling of Wall Street and the dominant player in China’s e-commerce industry, the tech giant’s growth has slowed amid a weakening Chinese economy and subdued consumer sentiment. Intensifying competition from homegrown upstarts such as PDD Holdings ’ Pinduoduo e-commerce platform and ByteDance’s short-video app Douyin has also pressured Alibaba’s growth momentum.

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The letter came after Alibaba recently completed a three-year regulatory process in China.

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Ma reiterated Alibaba’s ambition of being a company that can last 102 years. He urged Alibaba’s employees to not flounder in the midst of challenges and competition.

“The reason we’re Alibaba is because we have idealistic beliefs, we trust the future, believe in the market. We believe that only a company that can create real value for society can keep operating for 102 years,” he said.

Ma himself has kept a low profile since late 2020 when financial affiliate Ant Group called off initial public offerings in Hong Kong and Shanghai that had been on track to raise more than $34 billion.

In a separate internal letter in April, he praised Alibaba’s leadership and its restructuring efforts after the company split the group into six independently run companies.

Alibaba recently completed the conversion of its Hong Kong secondary listing into a primary listing, and on Tuesday was added to a scheme allowing investors in mainland China to trade Hong Kong-listed shares.

Alibaba shares fell 1.2% to 80.60 Hong Kong dollars, or equivalent of US$10.34, by midday Wednesday, after rising 4.2% on Tuesday following the Stock Connect inclusion. The company’s shares are up 6.9% so far this year.

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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