GOOD DAY FOR: An egg fight, after a restaurant-sparked price-fixing lawsuit against egg producers gained class-action status. The plaintiffs claim that the United Egg Producers and 13 huge egg companies have colluded to raise prices, which are up 50 percent since 2006. The case rests on whether the UEP is a farm cooperative, protected under a 1922 law, or a trade group. Some 98 percent of U.S. eggs come from huge producers. (BusinessWeek)
BAD DAY FOR: Trickle-down economics, as the Wall Street implosion is starting to be felt by caterers, limo companies, upscale office-supply stores, and other industries that feed New York’s financial district. New York could lose 165,000 private-sector jobs in the next two years, with 35,000 of those in the financial services sector. “We are watching what’s going to happen next and we can do nothing,” said Nripata Ray, manager of Wall Street Caterers. (Bloomberg)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
5 weather-beaten cartoons about the Texas floodsCartoons Artists take on funding cuts, politicizing tragedy, and more
-
What has the Dalai Lama achieved?The Explainer Tibet’s exiled spiritual leader has just turned 90, and he has been clarifying his reincarnation plans
-
Europe's heatwave: the new front line of climate changeIn the Spotlight How will the continent adapt to 'bearing the brunt of climate change'?
