Bethesda e-commerce company Liquidity Services acquires Arizona auction house

Liquidity Services Inc., a Bethesda e-commerce company that brokers sales of surplus goods for corporations and government agencies, has kicked off the new year by acquiring an Arizona auction house that specializes in helping local governments sell off seized or forfeited assets.The deal for Phoenix-based Sierra Auction, announced Wednesday, accelerates Liquidity Services’ expansion in the…

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A holiday gift for consumers: Inflation falls for the first time since April 2020

By: Inflation fell in November for the first time since early 2020, when the COVID-19 pandemic was slamming the U.S. economy. The decline signals that the Federal Reserve’s flurry of interest rate hikes is continuing to put pressure on inflation, which hit a 40-year high last year.The Fed’s preferred measure of inflation, personal consumption expenditures…

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Inflation: It’s not the supply side

By (Note: This article originally appeared online through the American Institute for Economic Research)Many influential figures claim that supply-side improvements explain easing price pressures. This view is especially common among those affiliated with the Biden administration. A few weeks ago, Treasury Secretary Janet Yellen said in an interview that “supply-chain issues that resulted from the pandemic…seem to be…

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