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Here’s how to save money on your Fourth of July barbecue

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Hot dogs are an American tradition. So’s wolfing them down in summer.


Hot dogs are an American tradition. So’s wolfing them down in summer.

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Cooking burgers at home is going to be three times cheaper than celebrating Independence Day at a restaurant this year, according to an analysis from Wells Fargo Agri-Food Institute

The cost of ingredients for a home-cooked, quarter-pound hamburger is substantially lower than what you’ll pay for the same size burger at a restaurant this July Fourth. A burger cooked at home, including cheese, tomato and lettuce will cost $2.16, with labor costs subsidized by family or friends, of course. 

By contrast, that same classic sandwich at a restaurant will cost $6.95 on average, according to the report, which analyzed burger prices at five fast-food restaurants. 

Inflation at the supermarket has cooled, with the mid-June Consumer Price Index (CPI) for food at home rising just 1%, compared to almost 6% in mid-June 2023. Restaurants, however, are a different story. The mid-June CPI for food away from home rose 4%, driven in part by rising labor costs, which restaurants are passing along to consumers. 

“If you’re trying to save money, it is a great time to fire up your grill and build your own burger at home,” Courtney Schmidt, sector manager for protein at the Wells Fargo Agri-Food Institute, told CBS MoneyWatch. “It’s always been cheaper to eat at home, but we are seeing a widening of that spread.” 

“When you look at cost of food away from home, 70% of cost is not related to food. Only 30% of cost at restaurants is actually related to food costs. The other 70% you’re paying for covers labor, convenience and overhead costs,” Schmidt said. 

Savings on sides

You may want to consider making your own potato salad this year. White potatoes currently cost around $0.96 per pound across the U.S., or 4.4% less than they did last year, according to the Bureau of Labor Statistics (BLS). Even prepared potato salad purchased at the grocery store will cost less than at a restaurant, with prices down 0.7%.

Despite the cost of potatoes falling, don’t expect to save money on chips, a staple at any cookout. In mid-June, potato chip prices were up 2.7% compared with the same period last year. That’ll set you back, but hopefully not enough to forego them entirely. 

Another popular side, salsa, is up 2.5%. The price for its counterpart, guacamole, dropped 1.1%, according to data from NielsenIQ. 

Consider a fruit plate, too, as seasonal fruit costs are roughly in line with inflation. 

Liter bottles over cans 

Aluminum costs are driving up prices of 12-ounce soda cans, which are up almost 5% this year. You can save on beverages by buying two-liter bottles of soda, which are down 6%, according to the BLS. 

“Bring out the cups and share to save money,” Schmidt said. 



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Robert Towne, legendary Hollywood screenwriter of “Chinatown,” dies at 89

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Robert Towne, the Oscar-winning screenplay writer of “Shampoo,” “The Last Detail” and other acclaimed films whose work on “Chinatown” became a model of the art form and helped define the jaded allure of his native Los Angeles, has died. He was 89.

Towne “passed away peacefully surrounded by his loving family” Monday at his home in Los Angeles, his publicist Carri McClure, told CBS News in a statement. She did not provide a cause of death.

In an industry which gave birth to rueful jokes about the writer’s status, Towne for a time held prestige comparable to the actors and directors he worked with. Through his friendships with two of the biggest stars of the 1960s and ’70s, Warren Beatty and Jack Nicholson, he wrote or co-wrote some of the signature films of an era when artists held an unusual level of creative control. The rare “auteur” among screen writers, Towne managed to bring a highly personal and influential vision of Los Angeles onto the screen.

Writer Robert Towne
Writer Robert Towne in audience during the 36th AFI Life Achievement Award tribute to Warren Beatty held at the Kodak Theatre on June 12, 2008 in Hollywood, California. 

Alberto E. Rodriguez/Getty Images for AFI


“It’s a city that’s so illusory,” Towne told The Associated Press in a 2006 interview. “It’s the westernmost west of America. It’s a sort of place of last resort. It’s a place where, in a word, people go to make their dreams come true. And they’re forever disappointed.”

Recognizable around Hollywood for his high forehead and full beard, Towne won an Academy Award for “Chinatown” and was nominated three other times, for “The Last Detail,” “Shampoo” and “Greystoke.” In 1997, he received a lifetime achievement award from the Writers Guild of America.

“His life, like the characters he created, was incisive, iconoclastic and entirely (original),” said “Shampoo” actor Lee Grant on X.

Towne was born Robert Bertram Schwartz in Los Angeles and moved to San Pedro after his father’s business, a dress shop, closed down because of the Great Depression. His father changed the family name to Towne.

Towne’s success came after a long stretch of working in television, including “The Man from U.N.C.L.E” and “The Lloyd Bridges Show,” and on low-budget movies for “B” producer Roger Corman. In a classic show business story, he owed his breakthrough in part to his psychiatrist, through whom he met Beatty, a fellow patient. As Beatty worked on “Bonnie and Clyde,” he brought in Towne for revisions of the Robert Benton-David Newman script and had him on the set while the movie was filmed in Texas.

Towne’s contributions were uncredited for “Bonnie and Clyde,” the landmark crime film released in 1967, and for years he was a favorite ghost writer. He helped out on “The Godfather,” “The Parallax View” and “Heaven Can Wait” among others and referred to himself as a “relief pitcher who could come in for an inning, not pitch the whole game.” But Towne was credited by name for Nicholson’s macho “The Last Detail” and Beatty’s sex comedy “Shampoo” and was immortalized by “Chinatown,” the 1974 thriller set during the Great Depression.

“Chinatown” was directed by Roman Polanski and starred Nicholson as J.J. “Jake” Gittes, a private detective asked to follow the husband of Evelyn Mulwray (played by Faye Dunaway). The husband is chief engineer of the Los Angeles Department of Water and Power and Gittes finds himself caught in a chaotic spiral of corruption and violence, embodied by Evelyn’s ruthless father, Noah Cross (John Huston).

Influenced by the fiction of Raymond Chandler, Towne resurrected the menace and mood of a classic Los Angeles film noir, but cast Gittes’ labyrinthine odyssey across a grander and more insidious portrait of Southern California. Clues accumulate into a timeless detective tale, and lead helplessly to tragedy, summed up by one of the most repeated lines in movie history, words of grim fatalism a devastated Gittes receives from his partner Lawrence Walsh (Joe Mantell): “Forget it, Jake, it’s Chinatown.”

The back story of “Chinatown” has itself become a kind of detective story, explored in producer Robert Evans’ memoir, “The Kid Stays in the Picture”; in Peter Biskind’s “East Riders, Raging Bulls,” a history of 1960s-1970s Hollywood, and in Sam Wasson’s “The Big Goodbye,” dedicated entirely to “Chinatown.” In “The Big Goodbye,” published in 2020, Wasson alleged that Towne was helped extensively by a ghost writer — former college roommate Edward Taylor. According to “The Big Goodbye,” for which Towne declined to be interviewed, Taylor did not ask for credit on the film because his “friendship with Robert” mattered more.

The studios assumed more power after the mid-1970s and Towne’s standing declined. His own efforts at directing, including “Personal Best” and “Tequila Sunrise,” had mixed results. “The Two Jakes,” the long-awaited sequel to “Chinatown,” was a commercial and critical disappointment when released in 1990 and led to a temporary estrangement between Towne and Nicholson.

Around the same time, he agreed to work on a movie far removed from the art-house aspirations of the ’70s, the Don Simpson-Jerry Bruckheimer production “Days of Thunder,” starring Tom Cruise as a race car driver and Robert Duvall as his crew chief. The 1990 movie was famously over budget and mostly panned, although its admirers include Quentin Tarantino and countless racing fans. And Towne’s script popularized an expression used by Duvall after Cruise complains another car slammed him: “He didn’t slam into you, he didn’t bump you, he didn’t nudge you. He rubbed you.

“And rubbin,′ son, is racin.'”

Towne later worked with Cruise on “The Firm” and the first two “Mission: Impossible” movies. His most recent film was “Ask the Dust,” a Los Angeles story he wrote and directed that came out in 2006. Towne was married twice, the second time to Luisa Gaule, and had two children. His brother, Roger Towne, also wrote screenplays, his credits include “The Natural.”



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Analyzing impact of Supreme Court’s Trump immunity decision

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It’s been a day since the Supreme Court ruled that former President Donald Trump has immunity from criminal prosecution for official acts taken in office but that he is not protected from prosecution for unofficial acts. CBS News legal analyst Jessica Levinson joins to unpack the decision.

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