There is a big interest for it at local feed stores, but they're telling people not to ingest it.
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As retailers gear up for the holiday season, a record number of container ships trying to bring imported goods into the US are stuck off the coast of California, another casualty of ongoing disruptions to the global supply chain. Sixty-five vessels were waiting to dock at the ports of Los Angeles and Long Beach in the San Pedro Bay Sept. 16, according to the Marine Exchange of Southern California, a record high. Captain Kip Louttit of the Marine Exchange told Quartz that an unprecedented 23 of these ships are in a drift area—meaning there is no room for them to anchor in the water.
(Bloomberg) -- Iron ore fell below $100 a metric ton for the first time in 14 months as China’s moves to clean up its heavy-polluting industrial sector drive down demand for the steel.Futures prices sank to as low as $99.50 on the Singapore Exchange and wavered around $100 through the overnight trading session, which is daytime trading hours in the U.S. Iron ore has plunged more than 55% since peaking in May as the world’s biggest steelmaker intensifies production curbs to meet a target for lowe
- Associated Press
Boasting that government policies can make a difference in improving the economy, President Joe Biden went too far Thursday in taking credit for job growth since taking office. Jeffery Born, an energy-markets expert at Northeastern University, said current gasoline prices are partly a result of production and refining capacity that was knocked offline by Hurricane Ida and other factors – even a shortage of tanker drivers.
China, which makes 57% of the world's steel, plans to shrink its output this year—which means that chronic shortages of new cars and other products are likely to continue into the near future.
- Washington Post
Fast-food restaurants have a problem: Customers are returning but workers aren't. And, increasingly, neither are their dining rooms.Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. A labor squeeze is transforming an industry that has been an enduring and at times controversial symbol of American capitalism. For many fast food workers, the coronavirus pandemic opened new and better-paying alternatives to the demands of hot grills and d
You may have been overcharged for chicken.
When Ford Motor Co built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom - the next China. Last week, Ford took a $2 billion hit https://reut.rs/3nFLvnF to stop making cars in India, following compatriots General Motors Co and Harley-Davidson Inc in closing factories in the country. Among foreigners that remain, Japan's Nissan Motor Co Ltd and even Germany's Volkswagen AG - the world's biggest automaker by sales - each hold less than 1% of a car market once forecast to be the third-largest by 2020, after China and the United States, with annual sales of 5 million.
- Food & Wine
Six major chicken producers have agreed to a $181 million payout over alleged price-fixing.
- Business Insider
A Florida BBQ restaurant shut down after being left with just 4 employees. 'No one wants to work,' its owner said.
Bubbalou's Bodacious Bar-B-Que said it paid good wages but simply could not find enough staff to keep its Winter Park, Florida, restaurant open.
- Washington Examiner
All facets affected, including marine vessels, trucking, warehousing, and rail.
- Yahoo Finance
Amid much fanfare, the latest iPhone iteration arrived this week, with more than a few grumbles about Apple’s lack of product innovation. But at least one aspect gave consumers a reason to celebrate.
- E! News
After being sued for $25 million, Erika Jayne was spotted shopping at T.J. Maxx this week, prompting some to criticize her bargain-hunting. However, Erika clarified, "I shopped there for years."
- The Guardian
Delivery drivers and warehouse workers are already monitored relentlessly. Now white-collar employees are getting a taste of surveillance capitalism ‘Studies on work-from-home programs tend to show that people are actually more productive, but employers are still terrified that their time is being wasted. Little concern, of course, is displayed when employers waste their employees’ time.’ Photograph: Alamy The corporate handwringing started at almost the same time as the lockdown orders: “But if
- HuffPost Life
No one enjoys explaining a gap on their resume.
Citing supply chain challenges, IHS said it was cutting its light vehicle production forecast by 6.2% for 2021 and 9.3% for 2022, to stand at 75.8 million units and 82.6 million units, respectively. Packaging and testing operations within the semiconductor sector in Malaysia were impacted due to the government's lockdown measures in early June, IHS said, compounding difficulties in an already constrained supply chain. Automakers from General Motors to Japan's Toyota have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs.
U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green technologies. The House of Representatives Natural Resources Committee added language to the proposed $3.5 trillion reconciliation spending measure last week that would set an 8% gross royalty on existing mines and 4% on new ones.
- The Telegraph
The Duke of York has suffered an early setback in his US sex assault case after a judge refused to unseal a document that could invalidate the damages claim.
- Motley Fool
Retirement savings statistics usually highlight how badly people are doing at preparing for their future, but one stat in Transamerica's latest retirement survey bucks this trend: Approximately 30% of households have saved $250,000 or more for retirement already. Most of us can fortunately count upon Social Security to help us with some of our retirement costs so we don't have to rely solely upon our personal savings. Most people will need $1 million or more to retire comfortably, but the only way to know what you'll need is to put together a retirement plan that takes your health and lifestyle into account.
- Yahoo Money
An expert told Yahoo Money what people should know about Social Security to help their retirement plans.
- Raleigh News and Observer
N&O Innovation and Technology Newsletter: September 17, 2021