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    Shipping Pallets Loaded Ratcliffe/Bloomberg

    Daily Digest 4/8 – The Forgotten Shipping Pallet Stages a Pandemic-Era Rally, More Plants At GM Go Dark As Chip Shortage Continues To Bite

    by Daily Digest

    Thursday, April 8, 2021, 4:31 PM

Economy

The Forgotten Shipping Pallet Stages a Pandemic-Era Rally

After carrying the weight of the global economy since World War II with little fanfare, the lowly shipping pallet is finally commanding some respect.

Demand for the platforms used to haul nearly every consumer good or industrial ingredient is soaring amid a surge in e-commerce, forcing retailers and manufacturers to expand warehouses or pile inventories higher. At the same time, two keys to production — cheap lumber and labor — are scarce, and even nail costs are rising.

744,000 Americans file for first-time jobless benefits

The number of Americans filing first-time unemployment benefits unexpectedly rose last week, according to the Labor Department.

Data released Thursday showed 744,000 Americans filed first-time jobless claims in the week ended April 3. Analysts surveyed by Refinitiv were expecting 680,000 filings. The previous week’s total was revised higher by 9,000 to 728,000.

Continuing claims for the week ended March 27, meanwhile, fell to 3.734 million from the prior week’s downwardly revised 3.75 million. Economists had expected the number of continuing claims to decline to 3.65 million.

More Plants At GM Go Dark As Chip Shortage Continues To Bite

General Motors will temporarily shut down two more plants as automakers continue to struggle with major supply chain disruptions, particularly in computer chips.

The company will idle its plant in Spring Hill, Tennessee, for one week and Lansing Delta Township, Michigan, for two weeks. They’re the lastest in the long list of North American auto plants going dark because of the ongoing chip shortage, causing temporary layoffs for workers and cutting into the supply of new vehicles.

New survey shows a third of remote workers may quit if called back to the office full-time

As COVID-19 vaccinations have ramped up, many companies have laid out plans to bring their employees back to the office. However, a new survey of more than 1,000 U.S. workers finds that they may not want to readily give their current work lifestyle up.

The study, conducted by global staffing firm Robert Half, shows that about 1 in 3 professionals (34%) currently working from home due to the coronavirus pandemic would look for a new job if required to return to the office full-time.

‘Satan Shoes’ to be recalled as Nike agrees to settle lawsuit

Nike says the art collective which made “Satan Shoes” that purportedly contain a drop of human blood in the soles has agreed to issue a voluntary recall as part of a legal settlement.

The $1,018 (£740) trainers are modified Nike Air Max 97s. Only 666 pairs were made and all but one have been shipped. The collective MSCHF will offer full refunds to customers in order to remove the shoes from circulation, Nike said.

The U.S. government approved trillions in aid. Many hard-hit families have yet to receive it.

Luna Steeple and her 65-year-old mother are a day or two away from being kicked out of the motel where they have been living outside Detroit. Her mom lost her job in the pandemic. Their savings are gone. Their bank account has 12 cents in it. They aren’t sure when they will eat next. Their lifeline was supposed to be President Biden’s stimulus payment, but the $2,800 still hasn’t arrived.

“I feel like such a piece of crap asking people for money all of the time, but I don’t know what else to do,” said Steeple, who is disabled. “If it wasn’t for some friends and even strangers on Twitter, we would be on the street right now.”

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8 Comments

  • Sat, Apr 10, 2021 - 8:32am

    #1

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 374

    0

    Wonderful example of Corporatist Propaganda

    Here is a supplemental article that may help with the Tropes;

    Support the Tropes

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  • Sun, Apr 11, 2021 - 6:43am

    #2

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2754

    4

    Great crypto quotes

    From here

    1.  the number of candles on the CEO’s office party birthday cake is inversely correlated to their understanding of crypto.

    2.  Our superpower as a species is cooperation.   Cooperation requires trust.

    3.  It’s likely that on the day of its imminent public listing, Coinbase will be more valuable than Goldman Sachs. A reasonable question in the JPMorgan and Goldman board meetings:

    How the fuck did we/you let Coinbase happen?

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  • Sun, Apr 11, 2021 - 10:21am

    #3

    000

    Status: Bronze Member

    Joined: Dec 10 2013

    Posts: 374

    0

    Is NO2 exposure a thing?

    https://www.epa.gov/indoor-air-quality-iaq/nitrogen-dioxides-impact-indoor-air-quality

    https://earth.nullschool.net/#current/chem/surface/level/overlay=no2/orthographic=-245.20,23.87,986/loc=127.668,37.545

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  • Sun, Apr 11, 2021 - 10:57am

    #4

    sand_puppy

    Status: Platinum Member

    Joined: Apr 13 2011

    Posts: 2754

    2

    Digital Yuan: An expiration date forces quick spending

    Here is a new one.

    A digital central bank currency is just a central bank currency transmitted over a computer network--which most currency exchanges use anyway.

    But here is a new twist in forcing citizens to spend, not save.  A digital currency with an expiration date!

    Financial repression steps up a notch.  This is the ultimate failure of a money to transmit value across time.

    Would you save the products of your labor in a currency with an expiration date?

    Hell no.

    It is really important to not leave our money in the hands of the oligarchy.

     

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  • Sun, Apr 11, 2021 - 3:06pm

    #5
    LBL

    LBL

    Status: Silver Member

    Joined: Apr 11 2020

    Posts: 238

    0

    LBL said:

    >>> Is NO2 exposure a thing?

     

    Lots of NO2 expertise at the Gold Refining Forums, forums.

    It's generally spoken of as something to stay the heck away from.

    https://www.goldrefiningforum.com/phpBB3/

     

    Sounds like it's a common thing to be exposed to if you are working with Nitric acid.

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  • Sun, Apr 11, 2021 - 3:14pm

    #6

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2428

    2

    Pope Francis calls for global governance and vaccines for all

    https://thenationalpulse.com/breaking/pope-francis-calls-for-global-governance-and-vaccines-for-all/

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  • Sun, Apr 11, 2021 - 6:24pm

    #7
    westcoastjan

    westcoastjan

    Status: Silver Member

    Joined: Jun 04 2012

    Posts: 257

    7

    With all due respect to believers, the Pope ain't our friend...

    https://freewestmedia.com/2021/01/19/pope-private-property-is-not-christian-wef-agrees/

    "... Pope Francis attracted a lot of attention in Catholic circles on November 30 when he said several controversial things in a video message to judges from the Committee on Social Rights in Africa and America. However, the general public is not aware of his sensational statement, as the system media did not report on it.

    The pope said, among other things, that a new “social justice” is needed and that private ownership is not something obvious in Christianity and therefore not for the Catholic Church either.

    “Let us build the new social justice and admit that the Christian tradition has never recognized the right to private property as absolute and immovable,” said Francis." ...

    And further:

    As troubling as this is, it is not the first time that the Pope has expressed his support for WEF-inspired ideas. Since at least 2014, Francis has been sending his support to the annual WEF meeting at Davos, usually with a Cardinal bringing the unholy ‘gospel’ of the New World Order (NWO) with him. As you can imagine, the messages from the Holy See to Davos have the same ring of ambiguous pseudo-globalism that seems to be at the heart of most political statements that Pope Francis utters. In fact, in January of this year, the Holy Father sent a letter, including the following statement, to Schwab in Switzerland: “As a result, it is necessary to move beyond short-term technological or economic approaches and to give full consideration to the ethical dimension in seeking resolutions to present problems or proposing initiatives for the future” [emphasis added].

    https://fatima.org/news-views/pope-francis-and-the-great-reset/

    Bolded parts my emphasis.

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  • Mon, Apr 12, 2021 - 10:23am

    kunga

    kunga

    Status: Silver Member

    Joined: Feb 26 2017

    Posts: 440

    0

    kunga said:

    Most of the first immigrants to America were trying to escape religious persecution and persecution from monarchical dictatorships.  Unfortunately,  things shifted from 1607 to 1776.  The first folks were strong Christians and dedicated their settlements to G*d. By 1776 the Free Masons, who honor Lucifer, had gained the power spots.  At least they were rational and gave us a living Constitution.

    A major political tool of the church in europe was to poison their enemies.  The first protestant settlement at Jamestown failed because there were church spys in the group.  Many skeletons dug up there,  in modern times, show evidence of arsenic poisoning.

    English common law has always supported private property and mandated that a person keep their word, so that contracts between parties are valid.

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