Latest news with #KristinJohnson

Business steadily increasing at Fair Market

Yahoo

5 days ago

Business
Yahoo

Business steadily increasing at Fair Market

SIOUX FALLS, S.D. (KELO) – Each day we all have to deal with cost-of-living pressures. And while overall inflation has eased from its peak in 2022, many household costs remain elevated, according to a CBS News price tracker. In an effort to save money where they can, many people might seek out the cheapest options for their groceries. And in Sioux Falls, that could mean a trip to the Fair Market. Fair Market consolidated into one, large grocery store on North Minnesota Avenue about six months ago and executive director Kristin Johnson says its been seeing a steady increase in customers since then. State's attorney: 'ICE agents acted reasonably' 'We're seeing more people than we saw at our previous locations,' Johnson said. 'You know, some of that's due to the economy, some of it's because people are finding us that didn't find us before.' This is a salvage grocery store, meaning it brings in product not wanted on the mainstream market. 'Sometimes the packages are damaged, sometimes it's a little passed the 'best by' date, sometimes the branding changed,' Johnson said. 'And we get that all in for a discount and we sell it at a discount. So, keeping it from the landfill and also giving people the opportunity to get their groceries for about half of what they would've somewhere else.' While most of Fair Market's product is salvaged, there is a staple items section where everything is fresh. LS: What do you like about Fair Market? 'The prices. And the selection. They've got just about anything you can want and need, you know, you can get it. And then treats for my grandbabies,' customer Cathy Withers said. 'It's really fun to come in and just see what can you find and read about products that maybe I've never heard of,' customer Jill Martens said. While Fair Market is a discount store, Johnson says it's not just for people living on a low income. 'It's for everybody,' Johnson said. 'You know, you want to save money on your groceries or, you know, make your buck go further or you're feeding, like at my house, hungry teenagers who are bottomless pits. You can get a lot of things here and just not break the bank. So, the more we sell, the more we buy and it just helps that cycle to keep going.' While you can find most things you can find in other grocery stores at Fair Market, Johnson says one thing they are still working on getting is produce. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

CFTC Rocked by Exits and Sanctions as Crypto Reform Awaits

Bloomberg

22-05-2025

Business
Bloomberg

CFTC Rocked by Exits and Sanctions as Crypto Reform Awaits

The high-profile departure news at the US Commodity Futures Trading Commission couldn't have come at a more turbulent time at the US derivatives regulator. Commissioner Kristin Johnson's announcement Wednesday that she planned to leave was the latest in the string of turnover news at the small but powerful agency. Two of Johnson's fellow commissioners will be gone by the end of the month and the agency's acting chairman is planning her exit to the private sector.

Another commissioner resigns from 'small-but-mighty' US commodities regulator

Reuters

21-05-2025

Business
Reuters

Another commissioner resigns from 'small-but-mighty' US commodities regulator

WASHINGTON/NEW YORK, May 21 (Reuters) - Democratic commissioner Kristin Johnson on Wednesday said she plans to resign from the U.S. Commodity Futures Trading Commission, becoming the latest of the currently four-person commission to announce a plan to leave the regulator. The commission, which is awaiting congressional approval of Trump appointee Brian Quintenz to lead the agency, currently consists of an evenly-split commission, all of whom have said they plan to leave the agency in the near future. Johnson on Thursday became the last of the commissioners to announce her exit. "Having served my full term, I have notified the President of my intent to step down as a CFTC Commissioner later this year," Johnson said in a statement on Wednesday, calling the regulator a "small-but-mighty" agency. Johnson was nominated to be a commissioner by former President Joe Biden and was sworn into the role in 2022. Her term expired last month. She has been on leave from Emory University while in government service, and will be returning to academia after she leaves the government. The Biden administration last year had nominated Johnson for a top Treasury Department role, but that move and other Democratic nominations stalled after President Donald Trump won the White House in November. During her time at the CFTC, Johnson advocated for stronger rules to protect consumers from fraud in cryptocurrency markets after the collapse of crypto exchange FTX, and focused on the ways artificial intelligence could be used both to commit financial crimes and to police them. All of the four current CFTC commissioners have resigned or have announced their forthcoming resignations, including Christy Goldsmith Romero -- a Democrat -- and Republican commissioner Summer Mersinger, who is departing the regulator at the end of the month to lead a crypto trade group. Trump's pick to lead the commission, Brian Quintenz, has yet to have a congressional hearing to examine his nomination. Republican commissioner Caroline Pham is leading the CFTC on an acting basis, but she has said she intends to depart the agency once Quintenz is sworn in. The planned exits leave the CFTC potentially with a single-person commission at a time when the regulator is expected to take on increased oversight of new markets, including cryptocurrency. President Donald Trump, whose family is building a crypto business, has pledged to turn the U.S. into the world's crypto capital.

Third CFTC Commissioner to Resign Amid Wave of Departures