Illinois Jeep Factory Set To Lay Off 1,600 Workers Amid Global Semiconductor Shortage

A Jeep Cherokee factory is cutting 1,600 jobs in Northern Illinois as the auto industry continues to struggle with the global shortage of semiconductors.

The U.S. arm of Stellantis announced this week is was going to cut one of its two work shifts at the Belvidere Assembly Plant as of July 26. 1,641 workers could be affected, a local NBC affiliate reported over the weekend.

Company spokeswoman Jodi Tinson claimed that the company was trying to “balance sales with production,” and that the factory’s situation “has been further exacerbated by the unprecedented global microchip shortage.”

This stands at odds with comments made by the company's CFO earlier this month, when we reported that Chief Financial Officer Richard Palmer said the semi shortage impact would be higher in Q2, but also said it "is still very controlled".

The plant has been idled since late March, the report notes. Its re-opening has been delayed and isn't expected until "at least" later this month.

Recall, we last wrote about Stellantis at the beginning of May, after the auto maker said there was "no end in sight" to the ongoing semi chip shortage.

The company said in its report earlier this month that it lost production of 190,000 vehicles due to the shortage. The world's fourth largest carmaker said that 8 of its 44 plants were affected by the shortage, ultimately resulting in reductions in shifts and slowing, or shuttering, of vehicle lines.

The company had been making changes to its lineup, including changing the dashboard of the Peugeot 308, to try and adapt to the crisis.

“We don’t have great visibility. As such it would be imprudent to assume the issue is going to go away,” Palmer continued, sounding less like the issue is "still very controlled".

Recall, Intel's CEO, speaking on 60 Minutes earlier this month, said: “We have a couple of years until we catch up to this surging demand across every aspect of the business.” Days prior, we wrote that Morgan Stanley had also suggested the shortage could continue "well into 2022".

Stellantis was created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot.

https://www.zerohedge.com/markets/illinois-jeep-factory-set-lay-1600-workers-amid-global-semiconductor-shortage

The Corrupted January 6 Commission

Today, House Democrats unveiled their Bill to “establish the National Commission to Investigate the January 6 Attack on the United States Capitol Complex.”

We previously warned about the Democrats’ roadmap to use their investigative authority to further their political goals. We advised that Democrats make the investigation broad enough to subpoena records from conservative groups and websites – and their investors. We warned that they would seek donor lists and personal communications from those having little to do with the events on January 6.

The Democrats’ Bill – which elevates the January 6 “riot” to a “domestic terrorist attack on the Capitol” – proves us right.

The Bill establishes a Commission of 10 members, five appointed by Democrats and five appointed by Republicans. It will be chaired by a Democrat nominee.

The Commission will have powers to:

“Issue subpoenas requiring the attendance and testimony of witnesses and the production of evidence relating to any matter which the Commission is empowered to investigate.”

https://technofog.substack.com/p/the-corrupted-16-commission

World Economic Forum Cancels Annual Meeting After Moving It To Singapore

After initially rescheduling the forum from May to the late-summer months, the World Economic Forum has decided to cancel its annual gathering of powerhouses in the worlds of markets, business and politics, which is usually held in Davos, Switzerland, but had been moved to Singapore in the face of the coronavirus, according to Bloomberg.

Back in February, the WEF announced that it would delay the week-long event until August, hoping that would give it enough time. But as India's COVID-19 outbreak continues to spill across Asia, while a mutant strain first identified in India has finally been traced to the US.

As Brits travel on their first international flights in more than a year, the WEF announced Monday that it would cancel its annual meeting in Singapore as the city-state sees a jump in COVID-19 cases.

Singapore's new restrictions announced over the weekend include requiring all primary, secondary and junior colleges to shift to full home-based learning from Wednesday until the end of the school year later this month.

This comes after health authorities in the city-state confirmed 38 locally transmitted cases, the highest daily number since mid-September, with 17 currently unlinked. The cases included four children linked to a cluster at a tuition center.

In recent years, the WEF and its attendees have taken up the twin causes of climate change and economic inequality (which are linked, scholars say, because the 'global south' will bear the brunt of the negative impact of climate, or at least that's what they say). Which is ironic, since the best thing the WEF could possibly do to lower carbon emissions would be to cancel the annual event, which draws legions of private jets ferrying the global elite.

In other bad news for Singapore, a travel bubble between Hong Kong and Singapore that was due to start on May 26 has been postponed for a second time, according to officials on Monday, as new COVID cases spiked, derailing hopes for quarantine-free travel.

Singapore, one of Asia's trade and financial hubs with a tiny population of 5.7 million people, had until recently been reporting almost zero or single-digit new COVID cases until just last week.

https://www.zerohedge.com/economics/world-economic-forum-cancels-annual-meeting-after-moving-it-singapore

BLM Crashes Wisconsin Memorial For Fallen Officers, Shouts Obscenities

“When they go low, we go high,” said then-First “Lady” and notorious race-baiter Michelle Obama.

Prepare To Be Angry

On May 7th, two days before the start of “Police Week,” Wisconsin held its first memorial to fallen police officers in almost a year and a half due to COVID restrictions. The event was to add 6 officers’ names to the Law Enforcement Memorial of police killed while on duty. There are now 285 names on the Wisconsin Law Enforcement Memorial in Capitol Square, located in Madison, Wisc.

What was intended to be a solemn day of remembrance turned ugly, fast. Eight minutes into the ceremony a group of BLM ghouls decided they had a “right to protest.” The loudest of them bellowed, “This is a megaphone. By the way, this is a megaphone, not a gun.” There were shouts of, “Black Lives Matter!” Another can be heard yelling, “Why wasn’t the black national anthem played?”

After a little tit for tat with an unseen individual, the megaphone man goes off on a rant: “You’ve got tears coming out of my eyes. You know why? Because I have faith in people, and you’re totally disrupting my fing balance right now.” He then went on to say he was “begging you m**ers to stop killing people that look like me.”

No mention on whether or not he agreed that black (and all other) criminals are infinitely more likely to survive encounters with police when they don’t resist arrest. No one knows if any other of the fallen officers even discharged their weapons at black people during their law enforcement careers. One officer died on duty as long ago as 1933 and another in 1945.

A pastor was booed after saying a prayer. Someone yelled “Murderers!”

The vile icing on this BLM cake was during the moment of silence for the fallen officers when BLM blared a rap song with the lyrics, “F*** the police.”

This is the type of disrespect we can expect when our now VP Kamala Harris tells sexual assault suspect/arrest resister, (who had a knife in the car he was returning to), Jacob Blake she is “proud” of him. Blake is paralyzed from the waist down after getting shot by a police officer in Kenosha, Wisc. after a call to 911 that he allegedly sexually assaulted his ex-girlfriend.

As nasty as this display was, it’s not the worst sign of disrespect toward cops. Seventy-one Chicago police officers were shot or shot at between November 30th, 2020, and January 14th, 2021 — a massive increase from previous time periods.

BLM has violently crashed Back the Blue rallies around the United States, including Long Island, Denver, and Bay Ridge, NY.

The officers remembered and added to the Wisconsin memorial are:

Darlington Police Department Chief William McGinty, died on May 25, 1933

Pepin County Sheriff’s Office Traffic Officer Starre A. Miles, died on Nov. 5, 1945

Milwaukee Police Department Officer Matthew J. Rittner, died Feb. 6, 2019

Racine Police Department Officer John D. Hetland, died June 17, 2019

Milwaukee Police Department Officer Mark S. Lentz, died on Sept. 18, 2019

Dane County Sheriff’s Office Deputy Richard Treadwell, died on Aug. 22, 2020

https://pjmedia.com/news-and-politics/kevindowneyjr/2021/05/17/disgusting-blm-crashes-wisconsin-memorial-for-fallen-officers-shouts-obscenities-n1447597

https://twitter.com/disclosetv/status/1394456587222364164