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Summer of hell?

WED MAY 31, AT 8:50 AM

BY TYLER DURDEN

WEDNESDAY, MAY 31, 2023 – 08:50 AM

The UK is headed for the second summer of strikes as the seemingly intractable cost-of-living crisis devastates household finances. British officials are so desperate to alleviate despair among Brits that they are considering drastic measures, such as implementing food price controls.

Brits received the grim news on Tuesday as food prices remain at or near record levels. The British Retail Consortium (BRC) said annual food inflation eased from 15.7% to 15.4% this month. However, the cost of store items, known as shop price inflation, increased to 9%, a new high for the index that dates back to 2005.

The Guardian reported the government is mulling over price caps for food, such as bread and milk, to alleviate household pain.

In a note, Laura Suter, head of personal finance at stockbroker AJ Bell, told clients that Brits “are still wincing when their total comes up at the checkout… a weekly shop that cost £100 last year is now clocking in at £115.”

High inflation has led to households experiencing the sharpest fall in living standards since records began. This despair has led to widespread strikes as workers demand higher wages.

Bloomberg warned, “Britain is heading into a second consecutive summer of train strikes this week as union bosses and ministers remain at loggerheads over pay and working conditions.”

A stunning chart by Bloomberg shows the economy has already lost 3.5 million days to strikes since last year, currently at levels not seen since the days of British Prime Minister Margaret Thatcher in the late 1980s into the early 90s.

The next wave of strikes is expected to impact rail networks on Friday.

Peter Musurlian@PMusurlianWFED

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By David Ng

The Walt Disney Co. is still planning to invest billions of dollars in Florida despite its ongoing legal battle with Gov. Ron DeSantis (R) that originated over the state’s anti-grooming law protecting school children from LGBTQ indoctrination.

At a recent conference, Disney parks chief Josh D’Amaro reportedly said the company is still looking to expand or enhance existing attractions at Disney World in Orlando to the tune of $17 billion.

D’Amaro was speaking last week at the the J.P. Morgan Global Technology, Media and Communications Conference in Boston, according to a CNBC report. He told audience members that the $17 billion investment “gives you a sense of how aggressive we’re being in Walt Disney World.”

“And this includes things like the transformation of Epcot,” he said. “It includes things like there’s a new Star Tours attraction coming, we have a new Tiana attraction that’s coming. So, we’re thinking pretty aggressively about where we can take things in Florida.”

Among the coming attractions is a Moana -themed exhibit called “The Journey of Water,” which will be a self-guided outdoor trail where “you can play and interact with water as it travels from the sky to the oceans and back again,” according to Disney.

The attraction is set to open later this year at Epcot.

As Breitbart News reported, Gov. DeSantis defended his fight with Disney on the day of his presidential campaign launch.

“Florida stands for the protection of children,” he said. “We believe jamming gender ideology in elementary school is wrong. Disney obviously supported injecting gender ideology in elementary school.”

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