The April edition of the American Legion Magazine had an interesting article about wages and inflation. Last year, average wages rose by about 4%, which was the highest wage increase since 2008, while inflation was up 7%, which is the largest in 40 years. Mark Zandi, Chief Economist at Moody’s Analytics, was quoted as saying: “I do think inflation is peaking.” He bases that, in large measure on the fact that nearly 25% of the rate of inflation is caused by shortages in new and used cars, while on normal purchases excluding the volatile commodities like food and energy costs has not gone up nearly as dramatically.
The Lady Hawkins was torpedoed by a German U-boat submarine in 1942, and its location remains unknown, despite the availability of high-tech search and seafloor mapping equipment.