The Shining City Upon a Hill

[SalesServiceGuy]

Re: The Shining City Upon a Hill

More on the optics the Biden admin is playing with the border crisis.


border crisisCuellar said, referring to facilities run by the Department of Health and Human Services (HHS).
Cuellar made similar remarks in an earlier interview with Border Report,told reporters this week

... the Biden administration is repurposing a nearby military base to handle the overflow of immigrant refugees in improved housing Four minors has been the the first to be reunited with their families and 100s more are expected to be the same in the coming weeks.

[BillyCarpenter]

Re: The Shining City Upon a Hill

What happens when liberal policies meet reality???




US hiring sharply misses expectations in April with just 266,000 new jobs added
Unemployment unexpectedly rose to 6.1%



An expected U.S. hiring boom crashed into a wall in April, with employers adding a measly 266,000 new jobs – sharply missing Wall Street's expectations – amid a growing shortage of available workers.


The unemployment rate unexpectedly rose to 6.1% — while it's still well below the April 2020 peak of 14.7%, it's about twice the pre-crisis level, the Labor Department said in its monthly payroll report, released Friday morning. Economists surveyed by Refinitiv expected the report to show that unemployment fell to 5.8% and the economy added 978,000 jobs.


The figure marks a significant drop from March's downwardly revised number of 770,000 and February's upwardly revised 536,000.


There are still 8.2 million fewer jobs than there were last February, before the crisis began.


PAYCHECK PROTECTION PROGRAM RUNS OUT OF MONEY, CLOSES TO MOST NEW APPLICANTS


Although the accelerated vaccine rate, trillions in government stimulus and easing business restrictions seemed to be coming together to support a robust economic recovery, businesses have reported difficulty in onboarding new workers.


A recent Bank of America analyst note estimated that 4.6 million workers exited the labor force during the pandemic – and only half are expected to rejoin by the end of the year. Companies have been quick to blame the sweetened unemployment benefits provided to workers during the pandemic; the $1.9 trillion stimulus package that President Biden signed into law in March boosted unemployment aid by $300 a week through Sept 6, 2021 and included a third $1,400 payment for millions of Americans.


Americans who earned less than $32,000 before the crisis began would be better of in the near-term collecting those benefits rather than working, Bank of America said.


At the same time, the Biden administration is pushing forward with passing another $4 trillion in spending, many of which would be directed toward boosting low- and middle-income families.


"We’ve known for some time now that there are tensions or mismatches between the demand for workers and a large number of job openings and the large number of unemployed individuals," said Mark Hamrick, senior economic analyst at Bankrate. "Many employers report struggling to find available workers. Supply constraints are also limiting further improvement in output."


The leisure and hospitality industry, the hardest-hit sector, accounted for the bulk of the hiring gains, adding 331,000 workers. But the industry remains 2.9 million workers shy of where it was roughly one year ago.


Local government education increased its payroll by 31,000 as children returned to in-person learning. Social assistance, meanwhile, rose by 23,000, while financial activities increased by 19,000.


But employment in professional and business services tumbled by 111,000 in temporary help. Support services shed another 15,000 positions. Manufacturing lost 18,000 workers, and courier help fell by 77,000.


"We knew friction was coming in hiring, but no one expected it would come so soon," said Robert Frick, corporate economist at Navy Federal Credit Union. Frick said there are several reasons for the disappointing headline number, including child-care concerns and fear of contracting COVID-19.


"The hopeful news is Americans have hundreds of billions of extra dollars to spend, and while it evidently will take longer to rebuild many industries, the money is ready to be spent to bring the economy back to normal and re-employ millions of Americans," he said.

[bsm2]

Re: The Shining City Upon a Hill

The hopeful news is Americans have hundreds of billions of extra dollars to spend, and while it evidently will take longer to rebuild many industries, the money is ready to be spent to bring the economy back to normal and re-employ millions of Americans," he said.

[BillyCarpenter]

Re: The Shining City Upon a Hill

The Job's Report is a disaster for Biden. Manufacturing was expected to add 17k jobs, instead it lost 55k. Moreover, April's job numbers were revised down by 146k.


It's a disaster, folks.

[bsm2]

Re: The Shining City Upon a Hill

The Job's Report is a disaster for Biden. Manufacturing was expected to add 17k jobs, instead it lost 55k. Moreover, April's job numbers were revised down by 146k.


It's a disaster, folks.

More jobs in Florida than takers.
Economic growth is off the charts
Most companies have hiring bonuses

Jobs opening everywhere in all industries folks

[Phil B.]

Re: The Shining City Upon a Hill

The Job's Report is a disaster for Biden. Manufacturing was expected to add 17k jobs, instead it lost 55k. Moreover, April's job numbers were revised down by 146k.


It's a disaster, folks.

and were you expecting a different result?

" To do the same things over and over and expecting a different outcome is the truest form of insanity "

[BillyCarpenter]

Re: The Shining City Upon a Hill

and were you expecting a different result?

" To do the same things over and over and expecting a different outcome is the truest form of insanity "

Democrats have gone bat-shit crazy. They foolishly thought that they could defund the police and they think they can tax and spend us to prosperity. Welcome home, Jimmy Carter.

[Phil B.]

Re: The Shining City Upon a Hill

Democrats have gone bat-shit crazy. They foolishly thought that they could defund the police and they think they can tax and spend us to prosperity. Welcome home, Jimmy Carter.

GONE bat shit crazy? hell they have been for decades!

[SalesServiceGuy]

Re: The Shining City Upon a Hill

What happens when liberal policies meet reality???




US hiring sharply misses expectations in April with just 266,000 new jobs added
Unemployment unexpectedly rose to 6.1%





"We knew friction was coming in hiring, but no one expected it would come so soon," said Robert Frick, corporate economist at Navy Federal Credit Union. Frick said there are several reasons for the disappointing headline number, including child-care concerns and fear of contracting COVID-19.


"The hopeful news is Americans have hundreds of billions of extra dollars to spend, and while it evidently will take longer to rebuild many industries, the money is ready to be spent to bring the economy back to normal and re-employ millions of Americans," he said.

... if you read your own article

"We knew friction was coming in hiring, but no one expected it would come so soon," said Robert Frick, corporate economist at Navy Federal Credit Union. Frick said there are several reasons for the disappointing headline number, including child-care concerns and fear of contracting COVID-19.


"The hopeful news is Americans have hundreds of billions of extra dollars to spend, and while it evidently will take longer to rebuild many industries, the money is ready to be spent to bring the economy back to normal and re-employ millions of Americans," he said."

[progoffice]

Re: The Shining City Upon a Hill

The hopeful news is Americans have hundreds of billions of extra dollars to spend, and while it evidently will take longer to rebuild many industries, the money is ready to be spent to bring the economy back to normal and re-employ millions of Americans," he said.

If Americans have hundreds of billions of extra dollars sitting around, then why raise taxes and take it from them so they can't spend it and boost the economy?

[SalesServiceGuy]

Re: The Shining City Upon a Hill

...many industries across North America, including the print industry, continue to suffer due to the near paralyse in moving finished goods from the Orient. Unfortunately, the shipping nightmare is not going to get better anytime soon...



The global shipping industry has fallen into chaos, and the shipping import and export market has ushered
in the "craziest summer in history". The situations of container shortage, overloading (putting more weight in a container than it is designed for) and high prices are common.

Aicon, a Chinese toner reseller, shares the current shipping market information with you!

I.Regional information forecast in May:
Europe: Most of the major European ports are serious overloading, especially the ports of Ashdod and
Istanbul, which have been booked for the closing position until May 23rd (because a containership is out
of service in the middle of the month).So it is necessary to book half month in advance. Price in May is
forecasted to rise steadily.

Asia: On-time service rate is low. Prices are basically stable. Space and containers are relatively sufficient.

Africa: Price continues to rise in May. Space is in short supply, especially for the ports in Said, such as
TINCAN, APAPA, ONNE and TEMA in West Africa. For those who are expected todeliver goods, book
the space first and then check the price. Then loading can be arranged when there is no problem with
the price.

Americas: The U.S. shipping line basically had no space in early May and there is a serious space leakage,
which was nearly paralyzed. Freight before May 10 is roughly the same as at the end of April, and it is
predicted to be stable and increase in the middle and late May.

Middle East: Space is in short supply , and many shipping companies have suspended services.

Common features: Affected by the global epidemics and the blockage of the Suez Canal, the market
is still out of balance with high prices, shortage of space and cabinets.

II.Market information sharing:
1.According to the Freightos-Baltic Index (FBX), the Nordic Index rose 6% to $7791 /FEU in the last week,
which is a massive 450% increase compared to the same period last year.

2.A leading non-vessel carrier(NVOCC) in the UK said its "best" FAK price from China to the UK in May
was $13,500 /FEU -- not including surcharges.

3.Congestion at the US West Port has barely eased in recent months. Many agents informed that the US
shipping line was basically no shipping space in early May for there was a large shortage of containers,
which is close to paralysis.

4.On April 22, Maersk announced that its trans-Pacific route will be severely delayed in 2021, mainly due to
continued congestion at North American ports. This has been exacerbated by recent Asian port congestion,
bad weather and the Suez Canal jam. As a result, ship turnaround times have increased by 2 to 3 weeks
over the norm, making interval between some voyages from Asia more than 7 days.

5. On April 26, dockers at Montreal, Canada's largest container port, announced the start of an indefinite
strike, refusing to work overtime on weekdays and weekends. In other words, the cargo handling and
dockside services provided by the port workers at the Port of Montreal will be temporarily suspended.

6.News about delays: Maersk, the world's largest shipping company, has a 46% reliability on its shipping
schedule, which means more than half of its ships arrive late.

7. "In the final analysis, the key to addressing the shipping market problems today is to create enough
capacity and empty containers," said Dominique von Orelli, chief executive officer of DHL Global Forwarding.
He believes that the situation is closely linked to global epidemics. That depends on how long COVID-19 lasts,
which also depends on how well the vaccine is administered and how much capacity can be increased at U.S.
ports. Currently, the situation will continue at least through the second quarter.

[bsm2]

Re: The Shining City Upon a Hill

If Americans have hundreds of billions of extra dollars sitting around, then why raise taxes and take it from them so they can't spend it and boost the economy?

Hilarious who's taxes are being raised?

Reading Required billions of dollars is on the sideline.

[Phil B.]

Re: The Shining City Upon a Hill

If Americans have hundreds of billions of extra dollars sitting around, then why raise taxes and take it from them so they can't spend it and boost the economy?

the thing is we DON'T have the money to spend .. look at the GDP vs debt ratio...

U.S. National Debt Clock : Real Time

[SalesServiceGuy]

Re: The Shining City Upon a Hill

If Americans have hundreds of billions of extra dollars sitting around, then why raise taxes and take it from them so they can't spend it and boost the economy?

... taxes are being raised to historical normal rates on Corporations. Taxes are decreasing on families earning less than $400k per year.

[SalesServiceGuy]

Re: The Shining City Upon a Hill

the thing is we DON'T have the money to spend .. look at the GDP vs debt ratio...

U.S. National Debt Clock : Real Time

.... when was the last President ever worried about debt?