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05/05/2022
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By Mary Villareal
Americans are quitting jobs at record pace, forcing employers to offer more to attract workers
Over 4.54 million Americans quit their jobs instead of returning to office as companies end remote-work policies offered during the Wuhan coronavirus (COVID-19) pandemic. According to the Department of Labor, the all-time high number of people quit their jobs in March, edging out a record set last November. Following massive resignations, the number of job openings also increased to […]
05/03/2022
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By News Editors
US economy crashes headlong into recession
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two consecutive quarters of negative GDP change. (Article […]
04/28/2022
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By News Editors
Chronic shortages of a few items now will evolve into chronic shortages of hundreds of products later in 2022
What we have witnessed so far is just the beginning of the story. The global response to the COVID pandemic during 2020 and 2021 created the most epic supply chain crisis in modern times, and now “black swan events” such as the war in Ukraine and the bird flu pandemic are making that supply chain […]
04/27/2022
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By Arsenio Toledo
Stocks of shipping companies plummet as supply chain crisis worsens
Stocks of major shipping companies fell sharply on Monday, April 25, even as Wall Street’s main stock indexes closed on a high note. Many of them sank by double digits. Shipping stocks have long been regarded as good investments. For the past two years, shipping firms have seen massive – often record – growth and […]
04/27/2022
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By Arsenio Toledo
Chinese stock indexes CRASH as investor confidence drops due to resurgence of punishing lockdowns
Chinese stock markets plummet as investors become increasingly concerned over the resurgence of Wuhan coronavirus (COVID-19) lockdowns. The “zero-COVID” strategy imposed upon the entirety of the country by the Chinese Communist Party (CCP) has been a total failure. Not only have cases continued to surge in Shanghai, but more infections are also being detected all […]
04/26/2022
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By Ethan Huff
China’s shutdown of Shanghai port will ripple across the entire world by summer
There is a major backlog of shipping vessels piling up off the coast of Shanghai, and the global effects of this will soon be seen. Because of another Wuhan coronavirus (Covid-19) lockdown, hundreds or even thousands of shipping vessels are floating around in the waters next to China. Whatever their containers contain is not getting […]
04/26/2022
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By News Editors
Shocks to the system
There is something about being detached from reality that makes it hard to go about your everyday business. In the quaint asylums of yore, it was understood that a few shocks to the system could bring lunatics out of a fugue state of derangement — a cold water plunge… an insulin hot-shot to induce convulsions… […]
04/26/2022
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By Ramon Tomey
Beijing residents stockpiling food and other essentials as new LOCKDOWN orders loom
Residents of the Chinese capital Beijing began to stockpile food and other essential goods as new Wuhan coronavirus (COVID-19) outbreak looms. Beijingers rushed to grocery stores and other businesses in anticipation of possible lockdowns, the Guardian reported. Supermarket chains Carrefour and Wumart said they increased inventories to more than double and extended their business hours […]
04/25/2022
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By Kevin Hughes
Remote workers blame inflation, rising cost of gas for need to work from home
Remote workers are blaming Biden-fueled inflation charges and soaring costs of gas and childcare for their ongoing need to work from home. Now that the Wuhan coronavirus (COVID-19) positivity rates are low, remote work advocates are no longer blaming their desire to stay home on safety concerns, but instead on the financial effects of their day-to-day office schedule, which is […]
04/20/2022
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By Ramon Tomey
China’s draconian COVID restrictions are CRIPPLING supply chains worldwide
China’s draconian restrictions to curb the Wuhan coronavirus (COVID-19) have crippled supply chains worldwide. The stringent COVID-19 measures implemented in the eastern city of Shanghai – one of the country’s busiest ports – have also hampered global trade. Citing data from open vessel database Fleetmon and investment firm Liberum, the Telegraph reported that the number of ships […]
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