Porsche slips 5% after lowering profit outlook over alloy shortage
Luxury car maker Porsche fell more than 5 percent on Tuesday after it sharply cut its outlook for future sales and profits. Quote Unexpected aluminum alloy supply shortage. The German carmaker said floods at an undisclosed European contractor have hit supplies of aluminum alloys, affecting production of all its models and potentially leading to the […]
Energy Shortage and Mineral Dependence
Estimated Reading Time: 5 minutes Editors’ Note: Although the November 8th election here in Arizona will be focused on economic issues and our southern border invasion, the Inflation Reduction Act should be a central issue for the Senate race between Blake Masters (R) and incumbent Mark Kelly (D). Similarly, incumbent Kyrsten Sinema (D) will attempt to […]
Home prices hit new record in April as shortage deepening pain for would-be buyers
Home prices hit a new record in April. Housing shortageThis is despite rising mortgage rates putting home buying out of reach for more Americans. The S&P CoreLogic Case-Shiller index showed Tuesday that national inflation rose 6.3% year-over-year in April, down from 8.3% the previous month. On a monthly basis, prices rose 0.3%, according to the […]
Berkeley returns to build-to-rent market amid London housing shortage | Berkeley
Housebuilder Berkeley is re-entering the private rental market for the first time in a decade, launching a rental housing division to address a “serious shortage of properties” in and around London. The company built 3,500 private homes last year and is launching a build-to-rent business, aiming to build 4,000 homes in London and the South […]
Driver Shortage? Not So Fast
Something most people don’t think about when they see an 18-wheeler rolling down the road? Corporate welfare. Something many people do think about when they see that 18-wheeler, especially when following one down the interstate and staring at the ubiquitous ads that indicate that many companies are hiring, is the “truck driver shortage.” You’ve all seen them […]
New York Blood Center declares emergency blood shortage
The New York Blood Center has declared a blood emergency as hospitals scramble to replenish blood banks. The blood center, which primarily provides blood products to hospitals in the New York metropolitan area, said donations over the past three weeks fell 2,100 pints short of area hospitals’ needs. The problem stems from a seasonal drop […]
Officials push to turn office buildings into housing amid home shortage, remote-work boom
The story at a glance The United States is facing a long-standing shortage of affordable housing and record office vacancy rates. Elected officials are pushing to speed up the conversion of commercial buildings to housing to address both issues. Regulatory and architectural challenges can make such a transformation complex and costly. Officials across the U.S., […]
Air traffic controller shortage collides with high summer travel
More people will fly to domestic and international destinations this summer than ever before, but U.S. airlines have serious concerns the government has failed to staff air traffic control towers adequately. Airlines for America, or A4A, an industry trade organization that represents U.S. airlines, has accused the Department of Transportation and Federal Aviation Administration of […]
Veterans become teachers, help with shortage of educators nationwide
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Black teacher shortage worrying lawmakers
(The Center Square) — Though it’s unclear how much education funding will flow from budget negotiations, House Democrats say it’s important to develop a pipeline for Black educators in Pennsylvania. During a policy committee hearing with the legislative Black caucus on Thursday, legislators heard from educators on what teaching can accomplish and what worrying trends […]