Factory activity in the Philadelphia area rebounded as demand strengthened in January after a sharp slowdown in the previous month, according to a survey from the Federal Reserve Bank of Philadelphia released Thursday. Inflationary expectations of manufacturers, however, jumped to the highest level in decades.
The index for current general activity of the Business Outlook Survey rose to 23.2 in January from 15.4 in December, beating the 19.1 consensus forecast from Econoday. In November, the index had been at the very strong level of 39. But December survey’s indicators for general activity, shipments, and new orders all fall to their lowest readings in 2021.
The report also indicated that inflationary pressures continue to mount. The gauge of prices paid and prices received remained elevated and indicated widespread price hikes. The prices paid index increased to 72.5 from 66.1, back near the pandemic highs that have been the highest readings since the 1980s. The prices received index dipped to 46.4 from 50.4 a month earlier. The long-term average for prices paid is 34.5. For prices received, the long-term average is 15.
Expectations for inflation in the future also climbed. The expectations index for prices paid six months from now rose to 76.4 from 53.8, a significant increase stemming from a jump from 62.4 percent to 78.3 percent in the share of firms saying they expect their costs of goods to rise. That is the highest expected inflation reading since August of 1984. The share of manufacturers expecting to increase the prices of their goods over the next six months climbed to 65.3 from 59.5 and the share expecting to lower prices fell to 2.7 from 4.6, pushing the index up to 62.6 from 54.9.
The Philly Fed’s indexes are based on a survey of manufacturing firms in the Third Federal Reserve District, which includes eastern Pennsylvania, southern New Jersey and Delaware. The survey produces a diffusion index, which weighs increased activity versus decreased activity. Any reading above zero indicates expansion.
The Philly Fed result is a stark contrast to the Empire State Manufacturing Survey released by the New York Fed Tuesday, which showed that manufacturing growth stalled in the region in the early weeks of 2022. The gauge of new orders turned sharply negative in the New York survey, indicating that orders were actually falling.
In the Philly Fed survey, the share of firms saying they had seen an increase in new orders rose to 36.2 percent from 28.9 percent. The share saying orders had fallen rose as well, from 15.2 percent to 18.3 percent. With the bigger rise in manufacturers reporting increases, the diffusion index jumped to 17.9 from last month’s 13.7.
The shipments index rose to 20.8 from 15.3. The delivery times index fell from 31.4 to 25.2, as the share of manufacturers reporting longer delivery times fell from 29.5 percent from 25.2 percent, a positive development.
The survey’s also increased growing optimism among manufacturers. The index for expectations for general business conditions six months from now rose to 28.7 from 19.0. The future new orders and shipments indexes also rose.
Judge Orders Biden to Keep Title 42 Barrier
A federal judge has halted President Joe Biden’s plan to end Title 42, ordering federal agencies to continue the program because the termination order likely violates federal law.
The decision is a win for President Joe Biden — but is also a win for the opponents of Biden’s easy migration policy.
Biden wins because he can keep using Title 42 to manage the migrant inflow. Without Title 42, many more migrants would rush the border, forcing TV news executives to broadcast dramatic videos on the evening news. Also, he can blame the judge when his pro-migration allies want to blame someone for the Title 42 barrier.
Pro-American groups also won because they keep the last remaining curbs on the inflow of migrants invited to the U.S. border by Biden and his pro-migration border chief, Alejandro Mayorkas. Each Month, Mayorkas is pressured to exclude one-third of the new migrants into the United States.
In April, Mayorkas exempted 137,000 migrants from Title 42 and allowed them to enter the United States, out of the 235,000 who were recorded at the border. But he also allowed roughly 60,000 more migrants to sneak across the border. So just 138,000 were excluded — and many of those will try again in May because Mayorkas flies very few of them back to their distant homelands.
Mayorkas planned to stop enforcing the barrier on Monday, May 23. But the judge’s decision does not bar Mayorkas from exempting many migrants from the Title 42 barrier.
Secretary of Homeland Security Alejandro Mayorkas testifies before the House Committee on Appropriations Wednesday, April 27, 2022. (AP Photo/Jose Luis Magana)
Pro-American activists welcomed the decision.
“The Biden administration has consciously created an unprecedented surge of illegal migration with Title 42 serving as the last constraint on its plan to completely abandon enforcement of our border,” said a statement from Dan Stein, president of the Federation for American Immigration Reform.
By the Department of Homeland Security’s own reckoning, their decision to cancel Title 42 would have led to at least an immediate doubling of April’s record number of illegal entries, all of whom they planned to quickly process and disperse around the country.
Judge [Robert] Summerhays’ ruling may prevent the crisis from becoming exponentially worse, but it is not a solution to the problem the Biden administration is deliberately inflicting on the American public. The ball is now in Congress’ court, which has the power to hold this rogue administration accountable for its ongoing refusal to carry out its constitutional obligation to enforce our nation’s immigration laws.
“We are gratified that the District Court has issued this Preliminary Injunction to stop the Biden Administration from rescinding Title 42 and turning our already unimaginably catastrophic border nightmare into an even more unimaginable hellscape, said Stephen Miller, founder of America First Legal., a pro-American civil rights group.
A statement from Sen. Steve Daines (R-MT) said:
It’s outrageous that President Biden even considered rescinding Title 42 in the midst of a historic crisis at our southern border that’s leaving our country wide open to an influx of illegal drugs and illegal immigrants. While I’m glad to see a Trump-appointed judge block Biden’s senseless decision, the President needs to wake up, face reality and secure our southern border for the safety of Montana communities.
A federal judge just blocked another disastrous decision, but the Biden administration should not see today’s ruling as a political bail out.
The American people deserve a secure border.
I call on President Biden to fully enforce Title 42.
— Kevin McCarthy (@GOPLeader) May 20, 2022
Pro-migrati0n advocates are portraying the judge’s decision as racist because most migrants are not from Europe.
“More than 1.8 million migrants have been denied entry into the U.S. under the policy, forcing many back to the dangerous conditions they were escaping,” according to Isabel Vinent, a director of the Florida Immigrant Coalition. “Title 42 was never about public health, but rather a racist cruel double standard put in place by the Trump administration.”
“Today’s court decision to block the end of Title 42 will cause immeasurable harm to thousands of vulnerable people seeking protection in the United States,” said Jeremy Robbins, executive director of the American Immigration Council, a pro-migration group with ties to immigration lawyers and business donors. “Congress must resist demands to legislate [for] the use of Title 42 in years to come.”
The case is Louisiana v. CDC, 6:22-CV-00885, was filed in the U.S. District Court in the Western District of Lousiana.
Nolte: Fascist NPR Sets Up Snitch Hotline for Mask Offenses
Not only have the fascist welfare queens at NPR set up a snitch hotline for mask offenses, but the fascist welfare queens at NPR are also still forcing their employees to wear those useless masks.
Listen, don’t get me wrong. The thought of all those insufferably smug leftists shoved in filthy masks all day long sparks my heart with joy. But how revealing is this? Here we have one more look at the world the left wants to force the rest of us to live in; a world where people are bullied and threatened to do unnecessary things to prove their fealty. A Stalinist world where snitching is not only encouraged but facilitated with taxpayer dollars by way of a goddamned hotline.
“NPR is maintaining a very strict mask policy,” reports Puck’s Dylan Byers, “and has set up an HR tip line for employees to report on colleagues who are not adhering to guidelines—with the possible result of discipline and even termination.”
NPR is maintaining a very strict mask policy, and has set up an HR tip line for employees to report on colleagues who are not adhering to guidelines—with the possible result of discipline and even termination. This is from a memo sent out today: pic.twitter.com/eRRSgDCaxw
— Dylan Byers (@DylanByers) May 19, 2022
The Byers’ tweet includes the internal memo threatening NPR staffers with termination over mask offenses, along with a reminder that a snitch line is available for any piece of shit who wants to destroy a colleague just because.
For those of you who might still be on the fence about the upcoming election, you do know the left are Nazis, right?
You do know the Democrat party has devolved into the Nazi party, right? The party that releases violent offenders but fires people who don’t wear masks? The party that wants to abort babies even after they’re born and then force the ones who avoid that horror into the horror of public schools filled with sex predators and gay porn? The party that ensures illegal aliens have all the baby formula they need while American babies starve to the point requiring surgery? The party that wants more crime and less speech? More race riots and less affordable energy? More illegal aliens and less housing? More inflation and less prosperity? More billions borrowed from China to give to Ukraine and no more private spaces for biological women?
What kind of person works in an office that encourages snitching?
Can you imagine?
Can you imagine working with snitches? What must that environment be like?
Snitches are the worst people in the world, and this is over nothing. If you’re wearing your mask, what the hell do you care if someone else isn’t?
What the left is doing is painfully obvious… Democrats have forever lost the working class and are now hoping to make that up by raising a generation of unstable, neurotic, dependent, smug, unhappy, and brittle babies who define themselves through conformity and what they do with their sex organs.
From the public schools to NPR, the American taxpayer is subsidizing the creation of an army of fascist, unstable mutants.
Thank God for the Second Amendment.
Thank GOD for the Second Amendment!
Katy Perry: Moving to Kentucky ‘Reminds You that Hollywood Is Not America’
Pop star Katy Perry is confessing something few of her elite liberal Hollywood peers would, saying moving to Kentucky has been an “amazing experience” because “it reminds you that Hollywood is not America.”
“I’m living in Kentucky, and I have for almost a month now, and that’s quite an amazing experience, because it reminds you that Hollywood is not America,” Perry told comedian Chelsea Handler on the Dear Chelsea podcast. “And you need to remember that. Because I think you can understand people better.”
Handler responded, stating, “Yeah, right. It’s nice to get outside of what you know to be normal and your reality.”
“Yeah, I mean, they’re living in a bubble of sorts, we’re living in a bubble — our bubbles are completely opposite, but they’re, yeah it’s interesting,” Perry said.
The pop star went on to say that “motherhood” has been “the best decision I’ve ever made in my entire life.” Perry and Orlando Bloom welcomed their daughter, Daisy, in August 2020.
After having a child, Perry realized that “stuff that you thought was important was really never important. Your family really starts to become first.”
Still, however, Perry has not abandoned her leftist political campaigning. She joined her fellow celebrities in 2020 to team up with Planned Parenthood for an abortion-themed ad campaign to push voter turnout in battleground states like Florida, Pennsylvania, and Michigan.
Perry is not the only star to move out of Hollywood.
Dawson’s Creek star James Van Der Beek moved himself and his family from Beverly Hills to Texas. The actor, his wife Kimberly, and their five children relocated to the Lone Star state in 2020 after “two late-term pregnancy losses,” him being “prematurely” booted off Dancing With the Stars, and his mom passing away, he said.
“And a shut-down,” Van Der Beek added. “All of that led to some drastic changes in our lives, and dreams, and priorities — and landed us here [in Texas].”
“At the park in Beverly Hills near the house we just moved away from… you were not allowed to fly a KITE,” he added. “Also not allowed at any park in #BeverlyHills Riding a bicycle, climbing a tree, throwing a ball against a cinder-block wall, learning anything from an instructor, using weights, cones or any type of pad, wearing cleats (even rubber ones), and you couldn’t use the batting cage built next to the baseball field — when people ask why we’re moving our kids out of L.A. these are just some of the reasons.”
In 2020, fashion mogul, model, and reality TV star Kat Von D also announced that she was leaving California. She moved to Indiana part-time due to the “tyrannical government overreach” by the Golden State’s Democrat officials.
Kevon Looney: Falling to 30th in the draft put a chip on my shoulder
Dina Asher-Smith insists there is more to come after 100m Diamond League victory
Louis Oosthuizen to become highest-ranked player to join Saudi rebel series
Proposed law in Maryland would allow mothers to kill their babies up to 28 days after birth
California introduces new bill that would allow mothers to kill their babies up to 7 days after birth
100+ nations have global agreement now being deployed called ‘Project Sandman’ to drop and end dominance of U.S. dollar and petrodollar
Miami Gardens woman arrested after she told neighbors she killed her husband and buried him in her backyard
HHS Secretary admits Biden administration knew about baby formula shortage last year, did nothing about it
AEW Dynamite: Owen Hart Tournaments begin, FTW title match, MJF/Wardlow contract signing for Double Or Nothing
Politics23 hours ago
SOURCES: China preparing for “D-Day” INVASION of the continental United States, with forces to land on the beaches of California, as Biden and Newsom serve as China’s accomplices
Politics14 hours ago
Poll: Trump-Backed Rep. Ted Budd Leads Democrat Challenger in North Carolina U.S. Senate Race
Politics22 hours ago
Topless Protester with ‘Stop Raping Us’ Written on Torso Crashes Cannes Film Festival
Politics18 hours ago
Poll: Trump-Backed Joe Lombardo Takes Giant Lead in Nevada Republican Governor Primary
High Life23 hours ago
More Than 6 In 10 Missouri Adults Support Legalizing Cannabis As Initiative Heads Toward Ballot, New Poll Says
High Life8 hours ago
Kansas Democrats Push For Medical Marijuana Ahead Of Legislative Deadline
News16 hours ago
Man in custody following crime spree that left 2 dead, baby injured in Broward County
Politics20 hours ago
2021 WHO & Gates Foundation Exercise Portrayed Global Monkeypox Pandemic Killing Millions