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During an interview aired on Tuesday’s broadcast of CNN’s “Situation Room,” Treasury Secretary Janet Yellen admitted that she “was wrong” about inflation and that while “unanticipated and large shocks to the economy” are a part of the reason, she also “didn’t fully understand” supply bottlenecks that have hurt the economy. Yellen reacted to clips of her downplaying the inflation threat in 2021 by stating, “I think I was wrong then about the path that inflation would take. As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices, and supply bottlenecks...

The import/export numbers are out this morning. And the numbers reveal that the US is exporting inflation to the rest of the world. Export prices rose by a whopping 16.3% YoY in September. In all fairness, it is slightly lower than it was in August. The cause? The Federal Reserve (now known as “The Pep Boys”) and the Federal government pumping trillions into an economy that was not prepared. Hence, the US got the dreaded “bottlenecks.” What do you get when you repeatedly flush a clogged toilet? Apparently, you get “high class problems”. Yes, Biden’s Chief of Staff Ron “The...

The Port of Los Angeles will move to service 24 hours a day, seven days a week in order to try to address global supply chain bottlenecks, the White House announced on Wednesday. “The Port of Los Angeles is announcing 24/7 service. We have the CEO-level business commitments to back that up. And these commitments are critical. The supply chain is essentially in the hands of the private sector, so we need the private sector to up to help solve these problems,” a senior administration official said. The White House also announced on Wednesday that major goods carriers Walmart, FedEx...

WASHINGTON – Only exports stand between the economy and recession, setting up another national argument about how to handle the rising flow of goods in and out of the country. Transportation fights are usually about who pays to build the roads and transit systems, with little said about trade. The Bush administration and Gov. Rick Perry have supported tolls and steadfastly opposed higher gasoline taxes. A new national study urges paying for desperately needed improvements any way we can, but one thing it specifically recommends is an increase in the federal gas tax of 40 cents a gallon over the...

Expect gridlock along road to renewables New energy sources could easily overload the power network By TOM PAULSON P-I REPORTER There's a big obstacle to creating a shiny techno-green future by adding wind, sun and wave energy to our power system: the grid. The nation's electric power transmission system, aka the grid, could be imagined as an overworked tangle of fraying household wires repeatedly spliced together by your grandfather, who refuses to call the electrician. It is based on century-old technology and, from a modern management perspective, is dumb. Often, it's likened to the nation's highway system. But one local...

CALGARY, Alberta (Reuters) - Canada's crude-oil pipelines may have to ration space as early as this autumn because of a surge of new oil production from the Alberta oil sands, the country's energy regulator said on Friday. The National Energy Board said the pipeline industry may face a capacity crunch as oil output this year rises to 2.9 million barrels a day, 9 percent more than in 2006.

Professor Stanley H. Ambrose Department of Anthropology, University Of Illinois, Urbana, USA Extract from "Journey of Human Evolution" [1998] 34, 623-651 The last glacial period was preceded by 1000 years of the coldest temperatures of the Late Pleistocene, apparently caused by the eruption of the Mount Toba volcano. The six year long volcanic winter and 1000-year-long instant Ice Age that followed Mount Toba's eruption may have decimated Modern Man's entire population. Genetic evidence suggests that Human population size fell to about 10,000 adults between 50 and 100 thousand years ago. The survivors from this global catastrophy would have found refuge...

WASHINGTON (CNN) -- Americans taking to the roads during the July 4 holiday weekend are almost certain to encounter a traffic bottleneck somewhere, but the biggest is likely to be west of Portland, Oregon, the American Highway Users Alliance said Thursday. The road between Oregon's Willamette Valley, where Portland sits, and the Pacific coast is known for recreation, wineries and beauty. This weekend, it will also be known for slow traffic, the group said in a study titled "Are We There Yet?" Interstate 64 in the Tidewater region of southeastern Virginia is second on the group's list of vacation bottlenecks,...

Breaking Performance Bottlenecks of SMP Systems with Opteron By Spencer Kittelson Date: July 29, 2002One of the most wonderful performance enhancing features of the forthcoming [AMD] Opteron (Hammer) are the multiple independent direct memory channels that are built into each CPU.  This is a huge, huge difference from the shared memory (actually, shared everything) approach of Intel symmetric multi-processing (SMP) systems.  Given the limitations of today's memory technology, this was an exceedingly smart move on the part of AMD and will likely change the way we design some of our applications in the very near future. Intel SMP systems exhibit...