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Get ready to pay a little more for Pampers, Charmin, Bounty, and Puffs.Procter & Gamble said on Tuesday that it was in the process of raising Pampers' prices in North America by 4 percent. P&G also began notifying retailers this week that it would increase the average prices of Bounty, Charmin, and Puffs by 5 percent.P&G is raising prices because commodity and transportation cost pressures are intensifying. The hikes to Bounty and Charmin will go into effect in late October, and Puffs will become more expensive beginning early next year.These products are significant sales drivers and market share leaders for P&G.Food companies, such as Coke, Boston Beer, Hershey, and Tyson Foods, have announced price increases in recent weeks, but P&G's move will serve as a test for how willing Americans are to pay up for big household brands. The strategy could leave the company vulnerable to low-cost competitors or pushback from retail partners. Walmart was P&G's biggest buyer in 2017, accounting for 16% of its billion in sales."There is uncertainty and will be volatility with these pricing moves. They will negatively impact consumption. We'll have to adjust as we go and as we learn," Chief Financial Officer Jon Moeller told analysts on Tuesday.Pampers is P&G's largest brand, with annual sales of above billion. Last year, Bounty had more than a 40% global share of the paper towel market, and Charmin had more than a 25% share of toilet paper sales.The company expects the price increases to weigh on sales at first, but turn around shortly after.Shipping costs have spiked as demand for goods accelerates and the United States faces a shortage of truck drivers. "The transportation market, particularly in the [United States], has presented us with some challenges," he added.P&G said the two factors were outsized components in the baby, fabric, and home care cost structure.Pulp, which is made from trees, is the primary ingredient in Bounty, Puffs and Charmin, and a major material in Pampers.Since 2016, market prices for hardwood pulp have risen 60% and 20% for softwood. P&G sources both types from the United States and Canada and uses them to make tissue papers and diapers.Growing global demand, particularly in China, and tight supply have pushed up prices, said Arnaud Franco, a senior analyst at the Pulp and Paper Products Council.The Trump administration has placed 10% on tariffs on Canadian paper and Canada responded by enacting 10 perecent levies on several paper products, including toilet paper. But Franco said tariffs were not currently impacting prices.If China, however, decided to put tariffs on market pulp, US producers could get hurt, Franco said.P&G's biggest competitor is feeling the pinch too. Kimberly-Clark, the maker of Kleenex, Scott, and Huggies, said commodity costs last quarter were a "a drag of 0 million...primarily due to higher pulp costs and, secondarily, inflation in other raw materials."Canadian company Kruger Products announced last week that it was raising tissue prices in that country beginning in October to "offset unprecedented and sustained cost increases on input materials and freight." Kruger said pulp costs were up 23 percent since last year.P&G is also raising prices as it looks for ways to recoup lower prices in other major categories.The company's operating profit margin last quarter shrank more than 2 percentage points from last year in part because it dropped price tags on brands including Gillette razors, Crest toothpaste, and Luvs diapers. 3585

HINSDALE COUNTY, Colo. — As the first fingers of spring started to peel back winter’s hold in 1884, a man staggered out of the mountains and into Lake City, ready to spill a story — or two, or three — that few would believe. He’d quickly become known as the Colorado Cannibal.It’s a tale as puzzling as it is horrific, and somehow, from the safe distance of about 150 years, humor has wiggled its way in.His name was Alferd Packer.Recognize the name, or perhaps know his story? He became somewhat of a Colorado celebrity in the mid-1900s, when you could find the Packer name in everything from a wilderness cookbook title to a festival name to a musical created by CU Boulder students. People learned of his story and instead of turning away in disgust, they leaned into it. Unabashedly embraced it.An article from April 1984 in The Washington Post captured the absurdity in one of its opening paragraphs: “In the days before bean sprouts and granola, when the West was raw and men ate men, Packer chewed his way into the hearts of Coloradans by devouring five gold-seeking companions.”Of course, under the silliness is the much darker story of how those five men met their horrific demise in the freezing, lonely mountains.The particulars around what actually happened are foggy at best. Packer was the only one from the group to live to tell the tale and he told several. And those details are now buried — and in some instances, altered — under 150 years of history. To dig up what happened, we turned to the details in official court documents and the ink-smudged columns of the local newspapers, both from the late 1800s.These documents have preserved countless moments from the case, such as Packer’s statement about his alleged crimes as he stood in front of a courthouse packed with people who were no doubt fascinated that a cannibal was in their midst and wondering if he’d get his just desserts.Even in those moments, just before his sentencing, it was not absolutely certain if Packer had planned to eat the men through a twisted, murderous mind or if it just unfolded that way in an equally desperate and reluctant struggle for survival.But either way, he had surely bit off more than he could chew.Introducing Alferd Packer, Colorado’s CannibalPacker’s story starts in Allegheny County, Pennsylvania. According to the April 20, 1883 edition of the Lake City Mining Register, he was born on Jan. 31, 1842, though other reports list his birthdate as Nov. 21 of that year. 2491

Here’s just a few of the #BlackVoicesForTrump at tonight’s rally! Having a fantastic time!#TulsaRally2020 #Trumptulsa #TulsaTrumprally #MAGA #Trump2020 #Trump2020Landslide pic.twitter.com/27mUzkg7kL— Herman Cain (@THEHermanCain) June 20, 2020 251

From housing to food to health care, everything is getting more expensive while wages stay mostly stagnant. It’s part of a phenomenon called inflation and it has a direct impact on each of us.As the old cliché goes, ‘a dollar doesn’t get you what it used to.’ That saying helps explain the role inflation plays in the economy.Inflation happens when general prices go up, relative to supply. It causes a noticeable and continuous decline in buying power.It’s easy to confuse inflation with general market forces. Like, when kale prices go up because of fad-driven demand or when sweater prices increase just before winter.A small amount of inflation is supposed to help the economy by encouraging spending and investment. But too much of it could send the economy into a spiral. For that reason, the Federal Reserve takes different actions meant to keep inflation rates in check.Inflation isn’t an obscure technical financial term found in college textbooks. It directly affects everyone who participates in the economy.Let’s say a person decided to save in 1970 for use 50 years in the future. Back then, then money could buy about 17 dozen eggs, 28 gallons of gas, or one pair of Wrangler Jeans.But in 2020, the saved money doesn’t go as far.According to the Bureau of Labor Statistics, in 2020 can buy about seven dozen eggs, four gallons of gas, or a half-pair of Wranglers.Inflation gets a bad rap. Everyone would like to buy nice things for cheap. But economists say that’s just not how it works. When prices fall, in general, incomes also have to fall.Think of it as a cycle: a consumer buys from a business. If prices are lower, the business makes less money. That means wages have to drop, giving workers less money to spend as consumers. 1762

Grateful for all of the law enforcement officers who support us and help get us safely to where we are going each day. Thank you for all you do!— Mike Pence (@Mike_Pence) July 30, 2020 192