An Endless Supply of Supply Chain Woes

                                                           

October 15, 2021   Today's Top Stories From the Breitbart News Desk This week felt like a watershed moment for public recognition that the economy is supply-constrained and likely to remain so for the foreseeable future. We had Atlanta Fed President Raphael Bostic declare that the supply chain "bottlenecks" were probably going to stick around, and therefore inflation was unlikely to be transitory. And then we had the data from the Department of Labor showing consumer and producer inflation at multi-year highs. Put simply, the supply constraints are slowing the economy's growth while also pushing up prices. The Empire State manufacturing survey's metric for delivery times for manufacturers climbed to an all-time high, setting a record for the second month in a row. On the other side of the country, containers are sitting in West Coast shipyards on average for five to six days, more than twice as long as pre-pandemic, according to analysts at Bank of America. On the labor side, there is a little room for hope that the tightness is lifting and Americans may be willing to go back to work. The enhanced unemployment benefits have ended, and the extra savings created by the $300 pandemic bonus payments appear to be running dry. The evidence for that comes from Bank of America's analysis of credit card usage, which shows that lower income Americans still receiving standard jobless benefits have pulled back on spending. What's more, covid infections had declined dramatically. Schools appear to have successfully reopened, and fears to a return of remote learning have subsided. Add to those factors the return of the requirement to pay rent, in the form of an end to the nationwide eviction moratorium. We don't expect a rush back into the workforce, but these factors will likely create at least enough pressure to gradually nudge people into jobs. The supply-chain problems, however, look like they will take several months if not years to be resolved. There are no signs at all that shortages of goods are easing and plenty of evidence that they are spreading. Last month, the ISM manufacturing customers' inventories index fell near all-time lows, indicating respondents believe inventory levels are too low for their customers. We'll be looking for signs of low inventories to show up again in next week's Phily Fed manufacturing survey and the IHS-Markit purchasing managers' survey. Also on tap for next week will be a special survey by the New York Fed on supply chain woes. – Alex Marlow & John Carney Breitbart News Network     TOP STORY   Consumer Sentiment Crashes as Confidence in Biden Economic Policies Collapses U.S. consumer sentiment took a surprise downturn in October to the second-lowest level since 2011. The University of Michigan's preliminary October read of consumer sentiment fell to 71.4 from 72.8 in September, data released Friday showed. Economists had forecast an improvement to 74. Richard Curtin, the survey's chief economists explained the downturn: Consumer sentiment has remained for the past three months at the lows first recorded in response to last year's shutdown of the economy. The Delta variant, supply chain shortages, and reduced labor force participation rates will continue to dim the pace of consumer spending into 2022. There is another, less tangible factor that has contributed to the slump in optimism: confidence in government economic policies has significantly declined during the past six months. [Click here for more]   IN OTHER STORIES... NY Fed Finds Soaring Costs And Record Breaking Delivery Times at Factories Manufacturers are reporting record delays and record inflationary pressures, data from the Federal Reserve Bank of New York showed Friday. The New York Fed's Empire State survey of manufacturers for October indicated that the supply chain problems widely reported are hitting... [Click here for more]   Ex-Walmart CEO: Supply Chain is 'Mess from Start to Finish' Appearing Friday on the Fox Business Network, former Walmart CEO Bill Simon said the supply chain is a "mess from start to finish" as President Joe Biden struggles to alleviate backlogged U.S. ports. DAGEN MCDOWELL: Bill, you're saying you have never seen retail shelves this empty. What are your thoughts on the... [Click here for more]   Biden Report: Climate Change Calls for 'Realignment' of U.S. Economy The domestic crises continue in U.S. ports and on the southern border but President Joe Biden and his administration are focused on so-called climate change, including releasing a a 40-page report on Friday on how the issue threatens the U.S. economy. The report connects weather to endangering finances, insurance, housing, and savings for... [Click here for more] FOLLOW

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The Week Ahead for the Department of Homeland Security: October 16 – 22

U.S. DEPARTMENT OF HOMELAND SECURITY Office of Public Affairs The Week Ahead for the Department of Homeland Security: October 16 – 22  Saturday, October 16    12:00 PM ET  Secretary Mayorkas will attend the 40th Annual National Police Officers' Memorial Service  Media can register by emailing media.policememorialservice@gmail.com OPEN PRESS    Sunday, October 17    Nothing to report at this time    Monday, October 18    10:00 AM ET  Cybersecurity and Infrastructure Security Agency (CISA) Executive Director Brandon Wales will speak at the Cyber Scoop News Group CyberWeek  Media can register here.  OPEN PRESS    10:10 AM ET  Federal Emergency Management Agency Chief Technology Officer Ted Okada will deliver a keynote address titled, "Algorithms, Experts, and Crowds: New Boundaries in an Age of Cyber Conflict" at AI World Government 2021  Media can register here.  OPEN PRESS    3:10 PM ET  Science and Technology Directorate (S&T) Science Advisor for Resilience David Alexander will participate in a panel discussion titled, "Innovation Equity & AI: Technology's Role in Inclusiveness, Resilience & Equality in the COVID Era" at AI World Government 2021   Media can register here.  OPEN PRESS    Tuesday, October 19    8:00 AM CT / 9:00 AM ET  Transportation Security Administration Supervisory Transportation Security Inspector Brian Weyhe, of Birmingham-Shuttlesworth International Airport, will speak at the Aviation Council of Alabama Annual Conference in Gulf Shores, AL  Media can register here.  OPEN PRESS    9:00 AM ET  CISA Director Jen Easterly will participate in a panel discussion about public-private partnerships at the Auburn University McCrary Institute: Next-Generation Cyber Public/Private Partnerships   Media can register here.  OPEN PRESS    9:00 AM ET                                                                                                                   S&T Senior Advisor for Social Behavioral and Economic Science Richard Legault will participate in a panel discussion titled, "Community Preparedness and Response" at the Eradicate Hate Global Summit  Media can register by emailing press@eradicatehatesummit.com   OPEN PRESS     10:30 AM ET  CISA Executive Director Brandon Wales will discuss recent cyber attacks in a fireside chat at the Bloomberg Policy Blueprint Global Conference  Media can register here.  OPEN PRESS    12:00 PM ET                                                                                                                   Secretary Mayorkas will deliver a keynote address at the Eradicate Hate Global Summit  Media can register by emailing press@eradicatehatesummit.com   OPEN PRESS     1:00 PM ET  Secretary Mayorkas will deliver the opening keynote address for the third day of CISA's 4th Annual National Cybersecurity Summit  Media can register here.  OPEN PRESS     1:00 PM ET  S&T Senior Advisor for Social Behavioral and Economic Science Richard Legault will participate in a panel discussion titled, "Community Preparedness and Response – A Deeper Dive" at the Eradicate Hate Global Summit   Media can register by emailing press@eradicatehatesummit.com    OPEN PRESS     4:45 PM ET  DHS Center for Prevention Programs and Partnerships (CP3) Director John Picarelli and S&T Senior Advisor for Social Behavioral and Economic Science Richard Legault will participate in a panel discussion titled, "Governmental Response: What Works in the U.S. and Canada" at the Eradicate Hate Global Summit  Media can register by emailing press@eradicatehatesummit.com.  OPEN PRESS     Wednesday, October 20    12:00 PM ET  CISA Chief of Staff Kiersten Todt will deliver a keynote address at the National Cyber Moonshot's Emerging Technologies Workshop  Media can register here.  OPEN PRESS    12:45 PM ET  CISA Executive Director Brandon Wales will deliver the opening keynote address at the 6th Annual Cyber Future Summit  Media can register here.  OPEN PRESS    1:15 PM ET  CISA Chief of Staff Kiersten Todt will participate in a panel discussion titled, "Technology and Investment" at Accelerate 2022 in Arlington, VA  Media can register here.  OPEN PRESS    1:30 PM ET  DHS CP3 Director John Picarelli will participate in a panel discussion titled, "The Financing of Solutions" at the Eradicate Hate Global Summit.  Media can register by emailing press@eradicatehatesummit.com.  OPEN PRESS     2:00 PM ET  CISA Assistant Director Bob Kolasky will speak about the national critical functions at the 2021 FAIR Institute Conference  Media can register here.  OPEN PRESS    Thursday, October 21    10:00 AM ET  Secretary Mayorkas will testify before the Senate Judiciary Committee in a hearing titled, "Oversight of the Department of Homeland Security."  Media can watch here.  OPEN PRESS    1:30 PM ET  DHS Office of the Chief Information Officer Senior Data Scientist Simson Garfinkel will discuss differential privacy and data at the IAPP Privacy. Security. Risk 2021 conference in San Diego, CA.  Media can register here.  OPEN PRESS    Friday, October 22    11:00 AM ET  CISA Executive Assistant Director Eric Goldstein will participate in a virtual panel on regulatory developments in data privacy at Ernst and Young's Virtual Webinar Series  Media can register here.  OPEN PRESS    11:50 AM ET  CISA Director Jen Easterly will participate in a fireside chat at the Northern Virginia Technology Council's Capital Cybersecurity Summit and Capital Cyber Awards   Media can register here.  OPEN PRESS    # # #

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Should Pete Buttigieg Resign?

Exclusive — Rep. Nancy Mace: FBI Says It Doesn't 'Track Acts of Violence' by Antifa or Black Lives Matter

Exclusive — Rep. Nancy Mace: FBI Says It Doesn't 'Track Acts of Violence' by Antifa or Black Lives Matter advertisement Secretary Pete on Paid Leave Since Mid-August — MIA During Supply Crisis... ...White House: Pete Buttigieg a 'Role Model' for Taking Two Months Paternity Leave... Conservative Lawmaker Stabbed to Death in Church RNC: Joe Has Not Held a Press Conference Since July—92 Days Ago Walmart Training Accuses White Employees of Being Racist Protests Erupt as Italy Becomes First Nation to Mandate Vax Pass for All Workers U.S. Treasury Official: Only Way to Lower Prices Is Vax Entire World! San Francisco Puts Nearly 200 Unvaccinated First Responders on Leave While Crime Surges GoFundMe Bans $180,000 Fundraiser for Nurse Seeking to Overturn Vaccine Mandate, Citing 'Misinformation' Rubio: Biden Must Fire John Kerry for Investment in Chinese Company Linked to Uyghur Slave Labor Woke Mutiny: Netflix Fires Employee for Leaking Confidential Data on Dave Chappelle Special advertisement

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Known for his network of conservative Web sites that draws millions of readers everyday, Breitbart had one main goal: to make sure the "liberally biased" major news outlets in this country cover all aspects of a story fairly. Breitbart is convinced that too many national stories are slanted by the news media in an unfair way. Here, Breitbart talks about the key issues that Americans face, how he has aligned himself with the Tea Party, and how one needs to deal with the liberal news world head on.

Buy from Alibris.com

Righteous Indignation: Excuse Me While I Save the World! by Andrew Breitbart 

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Righteous Indignation: Excuse Me While I Save the World! by Andrew Breitbart