Free Republic

ROCKY MOUNT, N.C. (AP) — A fire ripped through a distribution center in North Carolina for the QVC home-shopping television network early Saturday, causing extensive damage to the facility, officials said. More than 300 employees were working at the facility near Rocky Mount when the fire was reported shortly after 2 a.m., The News & Observer reported. No injuries were immediately reported. QVC representatives reported that all employees safely evacuated... ....Evans said a “main section” of the 1.2 million-square-foot (365,000-square-meter) facility appears to be destroyed. Crews from nearly 45 fire departments were still fighting the blaze more than 12 hours...

For the past several months we have warned about the pernicious effects soaring prices are having on both corporations ("Buckle Up! Inflation Is Here!") and consumers (""This Is Not Transitory": Hyperinflation Fears Are Soaring Across America"), prompting even otherwise boring sellside research to get (hyper) exciting, with Bank of America predicting that "Transitory Hyperinflation Lies Ahead."But none of this has spooked the Fed into conceding - or believing - that inflation is anything more than transitory. And maybe just this once, the Fed has a point because all else equal, by which we mean lack of rising wages, the best...