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Roughly 100,000 eggs worth $40,000 were stolen in Pennsylvania — as egg prices have nearly doubled in 1 year

Roughly 100,000 eggs worth $40,000 were stolen in Pennsylvania — as egg prices have nearly doubled in 1 year

Yahoo16-02-2025
Thieves made off with around 100,000 eggs — worth nearly $40,000 — after cracking open a distribution trailer in Greencastle, Pennsylvania, according to local authorities.
The eggs were taken from a trailer at Pete & Gerry's Organics on the night of Feb. 1. An investigation has been opened.
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"We take this matter seriously and are committed to resolving it as quickly as possible," the egg producer said in a statement released to media outlets.
The theft has drawn plenty of attention as the nation grapples with sky-high egg prices, which is putting pressure on consumers and business owners alike.
A wave of avian flu is largely being blamed for a shortage of eggs, which has caused prices to skyrocket.
Prices can vary depending on what part of the country you live in, however, the consumer price index pegged the value of a dozen large eggs at $4.95 as of January. That's up from $2.52 a year prior.
The rising cost of eggs has led many diners and bodegas across America to raise prices — in some cases adding a surcharge per egg — and remind staff to handle inventory with care.
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"My cooks, they all know — do not break an egg. Be very gentle," Gizelle Bruggemann, who runs The Pelican Restaurant in Lake Worth Beach, Florida, told WPTV News in a story posted Feb. 4. "They are the most expensive thing on the menu right now."
Some restaurant owners who are reluctant to raise menu prices are seeking different distributors.
Relief may not come any time soon for businesses and consumers. The U.S. Department of Agriculture predicts the price of eggs will go up around 20% in 2025, while the price of food is expected to rise 2.2%.
There are several steps consumers can take to limit the impact of sky-high egg prices. The most obvious is to consume fewer eggs — but that doesn't mean you have to give them up altogether. Instead, look for creative ways to enjoy your favorite foods.
Rather than using three eggs for an omelet, use two and add a splash of milk and extra meat or veggies to round out your meal. Look for egg alternatives to use in the kitchen. Many vegan baking recipes, for example, use applesauce or mashed bananas as a binding agent instead of eggs. Some websites offer allergy-friendly recipes, as many people are allergic to eggs, presenting different options.
Another way to offset rising egg costs is to buy in bulk or through local farmers. Wholesale clubs and local farms sometimes offer better deals than grocery stores, especially when purchasing larger quantities.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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U.S. Tourist Severely Injured After Being Attacked by Shark While Spearfishing in the Bahamas

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Are we getting a $5000 DOGE dividend or $600 rebate? Fourth stimulus check eligibility
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Are we getting a $5000 DOGE dividend or $600 rebate? Fourth stimulus check eligibility

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Here's why an alarming number of workers cash out 401(k) plans
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time4 hours ago

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A 401(k) retirement account is supposed to be hands-off. It's not your money, in theory, but savings for the future you. And yet, when Americans leave jobs, one-third of them cash out their 401(k) accounts. That's called 401(k) 'leakage,' and it costs workers untold billions of dollars in lost retirement savings. In a recent paper, Vanguard ponders why so many Americans liquidate retirement accounts when they exit jobs – about 33%, by their estimate -- and what employers and employees can do about it. The 401(k) was designed to help American workers build retirement savings, using tax breaks as an incentive. Nearly $9 trillion sits in 401(k) accounts nationwide, according to the Investment Company Institute. Half of all private-sector workers now participate in the plans, a record high. But 401(k) dollars don't always end up funding someone's retirement. At least $1.7 trillion sits in lost or forgotten 401(k) accounts, according to research by Capitalize, a financial services firm. 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The typical cashout involves 'a few thousand dollars,' Goodman said. Some workers, especially younger workers, cash out retirement accounts because the sum seems too small to bother with. 'It's easy for them to fall into this mindset, 'It's not a lot of money,'' said Mike Shamrell, vice president of thought leadership at Fidelity Investments. 'If you do that every other year in your 20s, that starts to add up.' Rolling over a 401(k) can be 'incredibly hard' Cashing out a 401(k) is relatively easy. Rolling it over into another retirement account, by contrast, can be 'incredibly hard,' said Chen of Boston College. That's another reason why many workers cash out retirement plans. In a rollover, you move your retirement savings to another 401(k) account at your new company, or into an IRA, a personal retirement savings account. Rollovers can get complicated, especially when the funds are going into a new 401(k) account managed by a different firm. Research by Capitalize, a retirement savings platform, found rollovers 'outdated and painful': Only 22% of savers managed to roll over an account without help, and 42% said the process took them at least two months to complete. In many cases, rollovers involve laborious forms and old-fashioned paper checks. Some employers encourage departing workers to cash out low-balance retirement accounts, "just because it's easier for them," said David John, a senior strategic policy advisor at the AARP Public Policy Institute. The ability to move a 401(k) from one employer to the next is called 'portability,' and the lack of it has thwarted workers from preserving retirements savings, according to Chen and others. When exiting employees contemplate rolling over a 401(k) account, 'they're just a little bit overwhelmed by the process,' said Shamrell of Fidelity. 'They feel it's going to be time-consuming and complex.' A recent initiative in the retirement-savings industry aims to solve the portability problem. In 2022, a consortium of private retirement-plan providers announced a collaboration to boost the portability of small retirement accounts. When someone leaves a job, the network of providers will make sure that retirement funds 'move seamlessly from one job to another,' said John of AARP. The auto-portability program applies to accounts valued at $7,000 or less, which are more likely to be cashed out or forgotten. Most big retirement-plan providers participate in the effort. 'I do think there's an evolution, as there should be, in terms of making this more of a point-and-click exercise,' said Williams of Schwab. This article originally appeared on USA TODAY: Workers cash out 401(k)s at an alarming rate. Why? Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

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