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05/05/2022
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By News Editors
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. (Article by Jessica Bursztynsky republished from CNBC.com) But it also reported a $5.9 billion loss during the period that was largely attributed to the revaluation of […]
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 […]
04/26/2022
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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… […]
04/25/2022
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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 […]
04/22/2022
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By Mary Villareal
Georgia governor declares state of emergency amidst continuing supply chain crisis
Governor Brian Kemp declared a state of emergency as supply chain disruptions continue in Georgia. Kemp said the Wuhan coronavirus (COVID-19) was the reason for the economic distress and supply chain issues, despite being the one to lock down Georgia at the beginning of 2020. “Despite the state’s successful mitigation of the public health impacts of […]
04/14/2022
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By Ethan Huff
Shanghai lockdown causing cargo backlog ripples throughout China
The new Wuhan coronavirus (COVID-19) lockdown in Shanghai is affecting so much more than just the city. According to reports, freight is having to be rerouted around Shanghai due to the extended lockdown, resulting in higher costs and greater difficulties getting cargo from point A to point B. Cargo facilities in other Chinese cities that […]
04/13/2022
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By News Editors
CBS hypes 4th COVID shot, whines Americans care more about inflation
With the news out Monday that the Omicron sub-variant B.A.2 is causing a new surge in COVID cases throughout the country and with the announcement that Philadelphia will be reinstating their indoor mask mandate, CBS Evening News used this as an opportunity to hype a second COVID booster shot and whine that Americans care more about rising […]
04/08/2022
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By Ethan Huff
Government says “bird flu” responsible for rising egg prices
More than 17 million poultry birds, including chickens and turkeys, have died in recent months, supposedly due to a new wave of avian flu. And in the aftermath, egg prices are rising in some areas. According to reports, egg prices recently reached their highest point since the beginning of the Wuhan coronavirus (COVID-19) plandemic, with […]
04/06/2022
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By News Editors
Perception vs. reality
If you only get your news from the mainstream media, you would be tempted to believe that global conditions are relatively stable right now. Yes, there is a war between Russia and Ukraine, but the mainstream media is assuring us that Ukraine is winning that war. Other than that, the mainstream media seems to think […]
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