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Chip shortage cost U.S. economy billions in 2021

Supply chain shortages have hit virtually every industry, but it’s the microchip shortage that’s having the biggest impact. Experts estimate the global chip shortage cost the U.S. economy $240 billion in 2021.  Some U.S. manufacturers have less than five days’ worth of inventory, according to the Commerce Department.  At Optimal Design near Chicago, a chip […]

Hearing for Dallas ordinance on sexually-oriented businesses

The Dallas judge heard from adult court operators Friday who said their 1st and 14th amendment rights were being violated through this ordinance. DALLAS — A North Texas judge denied a motion Friday afternoon to issue a temporary restraining order on the recently passed ordinance restricting business hours for certain Dallas sexually-oriented businesses. However, the […]

Is the global financial system morally collapsing?

Since the beginning of the year, United Nations Secretary-General Antonio Guterres has been sharing details on the U.N.’s primary focuses this year. One of his global calls is to switch to “emergency mode” in the global fight against the coronavirus and to accelerate the steps to eliminate the vaccine inequality between different continents and countries. […]

Memphis business gives back after recovering from robbery

“We’re defined by what we do for our community and our city,” said James Davis, LR Clothier Creative Director. MEMPHIS, Tenn. — Just five months ago, a break-in occurred at LR Clothier, a locally-owned, luxury tailor clothing store in Midtown. The perpetrators broke into the shop stealing clothes, shoes and ties, taking everything. That didn’t […]

U.S. Economy Grew 1.7% in 4th Quarter, Capping a Strong Year

Even so, the average business owner “sees a very strong environment right now,” said Oren Klachkin, the lead economist for U.S. industry and regional research at Oxford Economics. “They want to ramp up investment because they want to meet that demand — and they have every reason to invest.” Jeff Somple, the president of Mack […]