Ever since Elon Musk announced his intention to purchase a social media platform, take it private as a company and emerge as a new free speech communication force, things in the tech world have been all, well, a twitter (pun intended).

It’s not just the potentially game-changing social conversation shift that is driving the news; where –GASP– actual independent expression of opinion might be permitted in the digital space; there’s also a major worry amid the preexisting platform control offices of media about simultaneously arriving financial impacts.

Business Insider has reported that Facebook parent company Meta has initiated a hiring freeze through the remainder of this year.  Additionally, following the news that woke Netflix is being rejected by subscribers, suddenly payroll obligations are a concern over there.

This comes on the heels of Amazon, and the omnipresent AWS cloud services, looking a little shaky as a business model, amid reports they have “overstaffed” their operation, according to the Washington Post.  And as we would expect, the ever tech-heavy stock market is being driven into the basement by a series of tremors in the land of all thing’s Bezos.

Techtonic tremors are surfacing everywhere while people watch for the potential of an actual, dare we say, competitive eruption?   Oh my.

The rag-tag rebel alliance is reporting to be nearing completed assembly of the ultra-MAGA Truth Social platform hopefully by the end of this month with a dedicated web application allowing all devices to connect to a larger scaled version of the Trump-inspired network.  It appears Truth Social is using the combined technology partnership with Rumble cloud operations and a partnership for dedicated server banks.

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Last night Tucker Carlson interviewed Catherine Englebrecht from True The Vote (TTV) about the data collection evidence that was used to prove ballot harvesting in the 2020 election.

It is, however, weird that Tucker Carlson would have Catherine Englebrecht talk about all of the data and video evidence, without once ever mentioning the recently released documentary “2000 Mules” that showcases the evidence.  WATCH:

https://youtu.be/p8fsx1PcxPk

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The employment news has everyone confused.  The Bureau of Labor and Statistics (BLS) reports today 428,000 jobs were added [DATA HERE] which is good.  We want to see people getting back to work.  However, simultaneously the number of people employed dropped by 363,000 and the labor participation rate dropped from 62.4 last month to 62.2 this month [Table A, DATA].  The unemployment rate remains unchanged at 3.6 percent.

That wildly conflicting set of data has led to a seriously frantic discussion about what is going on.  Here’s my take….  The majority of the irreconcilable data can be reconciled on this one basic Main Street employment scenario that is never tracked, people are job jumping.

Inflation is crushing main street workers at an astounding pace.  Housing, energy, gas and food prices -all the unavoidable stuff- are hitting blue collar workers the hardest.

However, in reality the key businesses inside the sectors with the most rapid employment gains, Leisure and Hospitality, are the last to raise prices.

Generally those jobs fall under the category of service workers.  The leisure and hospitality sector gained 78,000 jobs last month.

What we are seeing in the sporadic data is wage growth being driven in majority by increased entry wages on the hiring end of the employment relationship.

Because inflation is hitting so hard, so high and so quickly; and because businesses are slower to respond to the wage needs of current payroll staff; people are quitting one employer to take a linear job at another employer at a higher entry wage.   This is the fastest way to get a raise. This is job jumping.

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As CTH has noted since last October the rapid increases in fertilizer costs could potentially create a major issue for global food supplies later this summer.  As the farming costs continue escalating, including fertilizer and diesel fuel prices, this will eventually lead to major price increases on the harvests.   Field to fork inflation is looking increasingly severe later this year; what we have called the third wave of inflation.

Beyond prices, a primary impact in the U.S. market, concerns are now escalating about grain shortages {SEE HERE} and lower European crop yields which will lead to less food products on a global basis.   According to information shared by ZeroHedge, “We think it will take at least 2-3 years to replenish global grains stocks,” Illinois-based CF Industries Holdings Inc.’s president and chief executive officer Tony Will said in a statement in Wednesday’s earnings report.”

Axios is reporting on the continued escalation of fertilizer prices; however, they conveniently and purposefully avoid noting the origin of the problem in North America is directly the result of Joe Biden’s immediate energy policies that drove up the costs of natural gas (a critical component):

AXIOS – “Skyrocketing fertilizer costs — like those made from nitrogen, phosphorus and potassium (NPK) — are driving up food prices and, worse, threatening food security around the globe.

State of play: Prices for NPK were up 125% in January from a year before, and rose another 17% from the beginning of the year to March, according to data compiled by the International Food Policy Research Institute (IFPRI).

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The fact this lawfare case was even brought before a court exemplifies the desperation in the Democrat party. Georgia State Administrative Law Judge Charles Beaudrot has rejected the challenge to Marjorie Taylor Greene after listening to legal arguments last week.

Washington – “ATLANTA (AP) — A judge in Georgia on Friday found that Rep. Marjorie Taylor Green (R-Ga.) can run for reelection, rejecting arguments from a group of voters who had challenged her eligibility over allegations that she engaged in insurrection. But the decision will ultimately be up to Republican Secretary of State Brad Raffensperger.

State Administrative Law Judge Charles Beaudrot announced his decision after a daylong hearing in April that included arguments from lawyers for the voters and for Greene, as well as extensive questioning of Greene herself. (read more)

Does Joe Biden intend to take the U.S. into a direct war with Russia?  Perhaps because the only historic way out of a deep economic recession is a war or housing starts? Perhaps, because they need a bigger distraction from the political impact of their own policies?

Those questions need to be asked and answered quickly, because the White House is about to flip the switch from a “proxy war” into an actual hot war between the United States and Russia.  How do we know?  Because the Biden administration is openly bragging about their specific military operations inside Ukraine that are killing Russians.  Consider:

♦ New York Times – “WASHINGTON — The United States provided intelligence that helped Ukrainian forces locate and strike the flagship of Russia’s Black Sea fleet last month, another sign that the administration is easing its self-imposed limitations on how far it will go in helping Ukraine fight Russia, U.S. officials said.” (LINK) 

♦ New York Times – “WASHINGTON — The United States has provided intelligence about Russian units that has allowed Ukrainians to target and kill many of the Russian generals who have died in action in the Ukraine war, according to senior American officials.

Ukrainian officials said they have killed approximately 12 generals on the front lines, a number that has astonished military analysts. (LINK)

Why would Joe Biden be bragging about killing Russians in Ukraine if he wasn’t trying to provoke us into a hot war?

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The FDA has limited the use of the Johnson and Johnson COVID vaccine to only those over 18-years-old due to blood clotting issues. [Press Release Here] Johnson & Johnson’s Covid-19 vaccine is now limited to adults due to the risk of a rare blood clotting syndrome.

FDA – “Today, the U.S. Food and Drug Administration has limited the authorized use of the Janssen COVID-19 Vaccine to individuals 18 years of age and older for whom other authorized or approved COVID-19 vaccines are not accessible or clinically appropriate, and to individuals 18 years of age and older who elect to receive the Janssen COVID-19 Vaccine because they would otherwise not receive a COVID-19 vaccine.” (read more)

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The White House has announced {SEE HERE} that Karine Jean-Pierre will replace Jen Psaki as chief narrative engineer for the Biden regime effective May 13, 2022.  Anita Dunn will return as media fixer.

[White House Press Release] – Today, President Biden announced Karine Jean-Pierre has been promoted to be Assistant to the President and White House Press Secretary. Karine will step into the Press Secretary role replacing Jen Psaki, who will depart from the White House on May 13.

Statement from President Biden: “I am proud to announce that Karine Jean-Pierre will serve as the next White House Press Secretary.

“Karine not only brings the experience, talent and integrity needed for this difficult job, but she will continue to lead the way in communicating about the work of the Biden-Harris Administration on behalf of the American people. Jill and I have known and respected Karine a long time and she will be a strong voice speaking for me and this Administration. (read more)

Additionally, the White House has announced Anita Dunn will return to the JoeBama administration as senior advisor.  Dunn’s specific expertise is using pressure, blackmail and political leverage to control information distribution by media organizations.

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CTH puts released economic data into ‘what does it mean‘ terms as a conversational priority.  The Bureau of Labor and Statistics (BLS) releases the first quarter productivity and costs report today [BLS Data Here].

Outputs, what was created, dropped 2.4 percent, yet labor hours used to create those outputs increased 5.5 percent.   This creates a productivity drop of 7.5% for the overall business.  The largest quarterly drop in productivity since 1947.

This is a warning indicator inside the economy to employees of large organizations.  CTH has been tracking productivity for quite a while, and the signs have all looked foreboding. {Go Deep}   Businesses cannot afford to keep employees on payroll if customer demand drops.

The per unit labor cost to make the products has increased 11.6%.   Wages have gone up 3.2% (pay increases) and productivity has dropped 7.5%, combined that creates the 11.6% increase in per unit cost to producers.

I have often used the example of making bread {Go Deep}.  If you are making 10 loaves of bread, there is a set amount of cost associated with each loaf created.  The total cost of each loaf is the total cost to produce the entire batch divided by ten.

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CNN conducted another poll to evaluate voter trends [pdf data here].  The results show a significant drop in American opinion of the economy with 77% rating the current status as “poor,” and 23% saying it’s “good.”  Additionally, 66% of people polled disapprove of the way Biden is handling the economy.

As CNN painfully noted: “Even within the Democratic Party, just 7 in 10 approve of Biden on the economy (71%) and helping the middle class (71%), considerably lower than the 86% of Democrats who approve of his performance overall. Fewer than half of Democrats say Biden has improved the nation’s economic standing (45%), down from 58% in December.” (article link)

In the video discussion, CNN Political Director David Chalian is just gobsmacked, stunned and amazed that 63% of these people are saying they are buying fewer groceries because stuff is just too expensive. WATCH:

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Whenever voters put democrats in charge of the economy, it just sucks.

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