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What is inflation and what causes it? Bankrate 2 hrs ago © Xinhua News Agency / Contributor / Getty Images Customers shopping at a supermarket
Inflation is when the dollars in your wallet lose their purchasing power either because the money supply has dramatically increased or because prices have surged.
Its an economic phenomenon that has a nasty reputation among policymakers, investors and consumers alike. Thats more so now than ever, with consumers spotting things like spikes in used car prices and pricy sporting tickets (both of which are up 10 percent from the prior month) and price surges at the gas pump.
Experts say as the coronavirus pandemic moves into the rearview mirror, there might be even more cause for concern. Pent-up consumers are ready to go big on the purchases theyve been deprived of for more than a year, and adding to their wherewithal to spend are record-high savings rates thanks to three stimulus checks from Congress. Yet, shortages are preventing pr
Baker Boyer Bank announced a second round of funding for organizations responding to the effects of the COVID-19 pandemic.
Organizations helping people with shelter, clothing, food, health, hygiene, and programs addressing mental health and domestic violence â where the need has increased during the pandemic â received about $60,000 in donations, the 151-year-old community bank announced.
That brings the total to nearly $110,000 in contributions this year.
On top of the donations, Baker Boyer worked with United Way of Blue Mountains and the Blue Mountain Community Foundation to apply for the funds, to be doubled through the All in WA fund.
That fund is a coordinated statewide relief effort powered by a coalition of public officials, companies, community foundations and others addressing services needs due to the pandemic.
2020 Barrel Full of Money fundraiser most successful to date December 17, 2020
WALLA WALLA, WA (Dec. 16, 2020) – The 10th Annual Barrel Full of Money fundraiser raised a record amount once again this holiday season, despite challenges faced in light of the pandemic, as nearly 50 Walla Walla Valley wineries, area businesses and nonprofit organizations teamed up to raise a significant amount of money for the Blue Mountain Action Council (BMAC) Food Bank.
Barrel Full of Money is a joint effort by BMAC, the Walla Walla Valley Wine Alliance, and other local business sponsors to raise funds in support of local food pantries. Alaska Airlines, Baker Boyer Bank, Columbia REA, Dunham Cellars, Grocery Outlet, Hayden Homes, Seguin Moreau, The Thief Fine Wine & Beer, TMACS, the Walla Walla Union-Bulletin and Walla Walla Valley Wine Alliance member wineries came together this year to donate time, money and resources to the cause. The campaign resulted in a record-breaking $64,737.47 rai
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