SACRAMENTO – Due to an odd medical ailment a few years ago, I developed a craving for iron-rich cheeseburgers and ate them constantly. I’ve long been cured, but in the process became something of a connoisseur of the offerings at virtually every fast-food joint. I’ve also watched prices for such fare soar to eye-popping levels.
Recently, my wife and I stopped for a couple of ordinary burger/fry/drink meals at a national fast-food chain and was set back nearly $30, which is a third more than I recall paying before. I don’t blame the owners given rising wages, new labor laws and food-price inflation, but as a consumer I’ll be cooking my own burgers from now on.
Government policies drive up the costs of things and those rising costs put a damper on business, which is obvious to everyone who is a not a member of the Legislature. The state already has hammered full-service restaurants. During a recent visit to Sacramento, I noticed most of my favorite spots were shuttered – the result of COVID shutdowns, downtown riots and whatnot.
Now the state (and feds) are going after the fast-food industry – and it couldn’t come at a worse time. “Fast food franchisees are facing post-COVID headwinds that could spur more of them to file bankruptcy in the coming months,” reported Bloomberg Law. The article pointed to the usual struggles – plus rising interest rates and tightening lending standards.
Last year, the Legislature passed – and Gov. Gavin Newsom signed – something known as the...
Patricia White, 70, of Old Greenwich, received a nine-month prison sentence for submitting false claims for unclaimed properties to around 30 state treasuries. HARRISBURG, Pa. — Months after her br...