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SEPTEMBER 23, 2021 SHORT TAKES ON THE DRIFTING WRECKAGE – OVERNIGHT: COSTCO WARNS – FROM REUTERS: Sept 23 (Reuters) - Membership-only retail chain Costco Wholesale Corp (COST.O) said on Thursday it was reinstating limits on purchases of key items including bath tissues, roll towels and bottled water, spurred by panic buying from customers amid rising COVID-19 cases. A resurgence in COVID-19 cases had led to stocking up of household essentials last year during stringent pandemic-led lockdowns, forcing the company to put limits on purchases of key items. While there was a shortage of cleaning supplies even last year, transportation issues this year are causing delays in deliveries to stores despite suppliers having plenty of stock, Costco Chief Financial Officer Richard Galanti said in an earnings call. The pandemic-driven port congestion and labor shortages have forced retail chains including Costco to spend more on transportation and labor, digging into their margins. Costco said it was paying six times for containers and shipping due to price increase on items shipped overseas. The higher prices are likely to have a dramatic effect on the 2022 political campaigns. Nothing under Biden seems to be going right, with no sign of improvement down the line. AND MORE ECONOMIC WORRIES – FROM THE NEW YORK POST: The number of Americans newly seeking jobless benefits unexpectedly rose again last week amid ongoing concerns over the surge in COVID-19 cases driven by the Delta variant, the feds said Thursday. Initial filings for unemployment benefits, seen as a proxy for layoffs, rose to 351,000 last week, up 16,000 from the prior week’s revised level of 335,000, according to data released Thursday by the Labor Department. Economists surveyed by Dow Jones expected to see weekly new claims drop to 320,000. Weekly new claims have fallen substantially from the 2020 peak of about 6.1 million new claims in a single week, but remain above pre-pandemic levels. After a summer that saw new jobless claims settle at nearly double pre-pandemic levels, new jobless claims appear to be steadily falling — despite the setback presented by the last two weeks of data. The warning flags are up. The economic recovery will be more difficult than expected. And we aren't getting much vision from Washington. If things really start going south, the Democrats will blame it on Trump, and the amen corner of the liberal press will gladly agree. September 23, 2021 Permalink
THE PARENT REVOLT – OVERNIGHT: We're seeing signs of it around the country – parents outraged by the kind of education their kids receive, are voting with their feet and taking the kids out of inferior schools. No way now to predict how far this will go, but I suspect that school choice may be a major issue in upcoming campaigns, especially if the schools continue to decline, or insist on indoctrinating kids with Marxist theory. From PJ Media:
COMMENT: School choice may become the biggest civil rights issue of our time. It will require, however, substantial parental advancement. Those opposing school choice will stop at nothing to prevent it. Calling parents "racists" will become part of the educational landscape. September 23, 2021 Permalink
SEPTEMBER 22, 2021 SHORT TAKES ON THE DRIFTING WRECKAGE – OVERNIGHT: WHAT AN ACCOMPLISHMENT – FROM FOX: Baltimore has reached 250 homicides so far in 2021, as violence continues to surge in the city's streets, according to a report. Of those homicides, at least 25 have occurred this month, including 11 killings this past week, FOX 45 of Baltimore reported. At a news conference Wednesday, Mayor Brandon Scott contended that having police officers in the city's neighborhoods isn't always enough to prevent the violence. He argued that perpetrators needed to be held accountable so they don't end up back on the streets to commit more crimes, according to FOX 45. "What we're going to continue to do is hunt down these people and hold them accountable," Scott, a 37-year-old first-term Democrat told reporters. "As I told you yesterday, work to make sure as we go through the rest of the justice system, working with our partners to make sure they don't end up back on the street." The mayor was questioned on Baltimore's crime problem during what was supposed to be an event focused on the city's plastic bag ban, which goes into effect next month. Kimberly Klacik, a former Republican congressional candidate in Maryland, later suggested on Twitter that perhaps city officials' priorities weren't in order. September 22, 2021 Permalink
DREAMIN' OF VIRGINIA – OVERNIGHT: Many people don't realize that Virginia, one of the most critical of the swing states, will elect a governor in less than two months. At one time Virginia was solidly conservative, a red state. Then, due to an influx of northern liberals moving into the Virginia counties near Washington, the state turned purple and then blue. Republicans are trying to flip it back. And they might just do it. From RedState:
COMMENT: This will probably be the most exciting race in the country come election day. I have no doubt that the Dems will wind up playing the race card, or any other ethnic card, to try to pull out a victory. Republicans are animated, though, and do believe they can take back the governorship. The path to 2022 is becoming more exciting. September 22, 2021 Permalink
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