Tag: Shortages

Why the November Jobs Report Is Better Than It Looks

Everything in the November jobs numbers Friday was good except for the number that usually gets the most attention. The 210,000 jobs that U.S. employers added last month was far below analyst expectations. But most of the other evidence in the report points to a job market that is humming. An open question a few […]

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A Top Official Says the Fed Will ‘Grapple’ With a Faster Bond-Buying Taper

John C. Williams, president of the Federal Reserve Bank of New York, said the latest variant of the coronavirus could prolong the bottlenecks and shortages that have caused inflation to run hotter than expected, and is a risk Fed officials will assess as they “grapple” with how quickly to remove economic support. It is still […]

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A Top Official Says the Fed Will ‘Grapple’ With Faster Bond-Buying Taper

John C. Williams, president of the Federal Reserve Bank of New York, said the latest variant of the coronavirus could prolong the bottlenecks and shortages that have caused inflation to run hotter than expected, and is a risk Fed officials will assess as they “grapple” with how quickly to remove economic support. It is still […]

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Amazon and the Labor Shortage

Karen Weise contributed reporting. The Daily is made by Lisa Tobin, Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Larissa Anderson, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Austin Mitchell, Neena Pathak, Dan Powell, Dave Shaw, […]

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While Politics Consume School Board Meetings, a Very Different Crisis Festers

DOYLESTOWN, Pa. — Early in the November school board meeting, a few of the departing members made farewell remarks, talking of things that they believed still need addressing: more special education programs, mental health initiatives, a program for high school students to take college classes. There was a long list, but over the past two […]

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Report: Biden Admin May Link Semiconductor Subsidies to Unions

<img data-attachment-id="1694982" data-permalink="https://www.thetruthaboutcars.com/2019/10/trade-war-watch-report-claims-white-house-wants-to-dictate-where-cars-are-manufactured/shutterstock_114757342/" data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342.jpg" data-orig-size="1000,662" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="white house more like night house" data-image-description=" Orhan Cam/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-450×298.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-610×404.jpg” class=”aligncenter size-large wp-image-1694982″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-610×404.jpg” alt width=”610″ height=”404″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-610×404.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-450×298.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-768×508.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342-120×79.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/10/shutterstock_114757342.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> Despite the semiconductor shortage having encouraged the automotive sector to repeatedly idle factories, […]

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Why Retired Subway Workers Are Getting $35,000 to Come Back

In New York, the M.T.A. lifted a hiring freeze for certain workers in February after federal pandemic relief stabilized the agency’s finances and has made tackling crew shortages a priority. Still, the staffing shortages continue to cause thousands of subway and bus trips to be canceled every month, frustrating riders and hobbling the agency’s efforts […]

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Supply Chain Problems Have Small Retailers Gambling on Hoarding

Megan Searfoss has been hoarding sneakers in Connecticut. Ms. Searfoss, the owner of two running stores in Darien and Ridgefield, Conn., would normally have about 3,000 pairs of shoes in stock ahead of the holiday season. But as she watched supply chain concerns in Vietnam mount this summer and into the fall, she secured a […]

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A Wine Rack on Rails? U.K. Businesses Seek Solutions to Shortages.

TILBURY, England — It is called the “wine train,” and every weekend it rumbles out of the port of Tilbury, east of London, on a 100-mile journey to a depot in central England. It looks pretty much like any other freight train, but it carries an unusual cargo: Almost 650,000 bottles of wine. This 32-car, […]

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Supply Chain Shortages Help a North Carolina Furniture Town

HICKORY, N.C. — Six months into the coronavirus pandemic, as millions of workers lost their jobs and companies fretted about their economic future, something unexpected happened at Hancock & Moore, a purveyor of custom-upholstered leather couches and chairs in this small North Carolina town. Orders began pouring in. Families stuck at home had decided to […]

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Contending with the Pandemic, Wealthy Nations Wage Global Battle for Migrants

As the pandemic heads into a third year, a global battle for the young and able has begun. With fast-track visas and promises of permanent residency, many of the wealthy nations that drive the global economy are sending a message to skilled immigrants all over the world: Help wanted. Now. In Germany, where officials recently […]

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Ford Announces Partnership to Assure Steady Flow of U.S.-Made Chips

With increasingly sophisticated cars devouring more and more computing power, a shortage of semiconductors has vexed automakers and disrupted production around the world. Ford Motor moved Thursday to address that challenge, announcing a collaboration that could give the company more control over both the supply and the design of its chips — the brains needed […]

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Cities Try to Lure Factories as U.S. Pushes to Fix Chip Shortage

TAYLOR, Texas — The shortage of computer chips has zapped energy from the global economy, punishing industries as varied as automakers and medical device manufacturers and contributing to fears about high inflation. But many states and cities in America are starting to see a silver lining: the possibility that efforts to sharply increase chip production […]

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The Pandemic Prompted People to Retire Early. Will They Return to Work?

Retirement isn’t always forever. Over the course of a business cycle, about 20 percent of people are working within 12 months after they first report being retired, according to calculations by Goldman Sachs. The question now is how many people who took early retirement because of the Covid-19 pandemic will return to work. Will it […]

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The Tech Gifts That Are Hard to Buy This Holiday Season

It’s that time of the year when our inboxes are flooded with discounts galore for Black Friday, Cyber Week and all the sales promotions that follow. But this year, we’re in a unique situation. We’re living in an era of scarcity driven by a global chip shortage, widespread unemployment and the effects of government-imposed lockdowns […]

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How America’s Pandemic Economic Response Fought the Last War

It was the early 2010s. The global financial crisis had become the stuff of history books, and the recession it had caused was long over. But the United States economy was still haunted by a series of chronic, interrelated problems: too little spending by consumers and businesses; too few jobs; and too-low inflation. The result […]

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India Wants to Send Wheat to Ease Afghan Hunger Crisis. Pakistan Has Yet to OK Transit.

NEW DELHI — Security chiefs from Iran to Russia met on Wednesday in New Delhi to call for “unimpeded” humanitarian assistance for Afghanistan, where millions face starvation as a harsh winter sets in. On Thursday in Islamabad, the Pakistani capital, another set of leaders urged “uninterrupted” aid. Despite agreeing to help Afghanistan, the souring relationship […]

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October 2021 CPI: Inflation Rose at Fastest Rate Since 1990

The reality that inflation is broadening — and spreading to slow-moving categories like rent rather than staying confined to pandemic-disrupted ones like imported electronics and airplane tickets — could unsettle Fed policymakers, because it increases the risk that price pressures could last. That’s especially true as labor proves scarce and participation in the job market […]

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The Biggest Kink in America’s Supply Chain: Not Enough Truckers

Gene Seroka, the executive director of the Port of Los Angeles, said his port had told the White House in July that about 30 percent of the port’s appointments for truckers went unused every day, largely because of shortages of drivers, the chassis they use to pull the loads and warehouse workers to unload items […]

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Chip Shortage Creates New Power Players

SAN FRANCISCO — Since 1989, Microchip Technology has operated in an unglamorous backwater of the electronics industry, making chips called microcontrollers that add computing power to cars, industrial equipment and many other products. Now a global chip shortage has elevated the company’s profile. Demand for Microchip’s products is running more than 50 percent higher than […]

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With COP26, China’s Climate Policy Merits a Closer Look

“Disappointing.” “A shadow on the global climate effort.” Even before the global climate summit in Glasgow got underway last week, environmental advocates were quick to point fingers at China’s seemingly lackluster “new” climate pledge as a harbinger of a doomed outcome for the event. Since China is the world’s largest emitter of greenhouse gases, some […]

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October 2021 Jobs Report: Gain of 531,000 Offers Brighter Picture

“It’s a euphemism, but something the Fed takes very seriously,” said Diane Swonk, the chief economist at the accounting firm Grant Thornton. If the current surge in prices does not abate by early next year, and if both internal and external pressure to prioritize price stability takes precedence, then “patience may run out sooner than […]

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What to watch at the Fed’s meeting Wednesday.

  Erin Griffith Mosley testifies that he liked that Elizabeth Holmes’ shares in Theranos had 100x voting power of the other investors. “She was obviously a visionary that had created this company and developed the technology and having her in control of the company was a good thing.”   Erin Griffith Mosley wrote a memo […]

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In a ‘Workers Economy,’ Who Really Holds the Cards?

At 3M, a multinational manufacturing company based in Minnesota, internal polling showed that 87 percent of employees valued flexibility in where they could work; in August, while the Delta variant was spreading, the company announced a new approach to remote work that lets employees set their own terms on when to come to the office, […]

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How Car Shortages Are Putting the Economy at Risk

Turmoil in the auto industry, a powerful engine of the global economy, is threatening growth and sending tremors through companies and communities that depend on carmakers for money and jobs. For every car or truck that does not roll off an assembly line in Detroit, Stuttgart or Shanghai, jobs are in jeopardy. They may be miners […]

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Global Shipping Delays Loom Over Retailers for the Holidays

WASHINGTON — It was 73 days until Christmas, and the clock was ticking down for Catch Co. The Chicago-based fishing company had secured a spot to sell a new product, an advent calendar for fishing enthusiasts dubbed “12 Days of Fishmas,” in 2,650 Walmart stores nationwide. But like so many products this holiday season, the […]

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Halloween Supply-Chain Issues Make Finding Costumes the Scariest Part

There’s the classic costume — ghost, witch, fairy. There’s the pop culture homage — Marilyn Monroe, Tony Soprano, The Matrix. Then there are the festive ways to embody the zeitgeist, a socially acceptable method for donning an outfit that says “look at me, I am clever” — a meme costume, an obscure reference or a […]

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A World Running on Empty

It’s been a troubled few months on the economic front. Inflation has soared to a 28-year high. Supermarket shelves are bare, and gas stations closed. Good luck if you’re having problems with your home heating system: Replacing your boiler, which normally takes 48 hours, now takes two or three months. President Biden really is messing […]

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Josh Hawley: To Solve Our Supply Chain Crisis, Rethink Trade

Patrick Healy, the Deputy Opinion Editor, wrote about the process behind publishing this guest essay in an edition of the Opinion Today newsletter. America is mired in a supply chain crisis. Imports are slow to arrive, items on store shelves are becoming more scarce and prices are rising. President Biden’s reckless spending policy is the […]

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U.S. Economy Slowed in Third Quarter as Delta Variant Surged

Economic growth slowed sharply over the summer as supply-chain bottlenecks and the resurgent pandemic restrained activity at stores, factories and restaurants. Gross domestic product, adjusted for inflation, grew 0.5 percent in the third quarter, the Commerce Department said Thursday. That was down from 1.6 percent in the second quarter, dashing earlier hopes that the recovery […]

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China Digs More Coal for Power Needs, Despite Climate Change

LINFEN, China — Desperate to meet its electricity needs, China is opening up new coal production exceeding what all of Western Europe mines in a year, at a tremendous cost to the global effort to fight climate change. The campaign has unleashed a flurry of activity in China’s coal country. Idled mines are restarting. Cottage-sized […]

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