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| Presented By Facebook |
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| Axios AM |
| By Mike Allen ·Nov 22, 2021 |
| Hello, Monday before Turkey Day. Smart Brevity™ count: 1,197 words ... 4½ minutes. Edited by Zachary Basu. 📱 At 12:30 p.m. ET today, please join Axios executive editor Aja Whitaker-Moore and me for a half-hour virtual event on financial inclusion, including the role of credit scores. Guests include Sen. Tim Scott (R-S.C.) and Women's World Banking president and CEO Mary Ellen Iskenderian. Register here. |
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| 1 big thing: Holiday calamity |
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| Image: City of Waukesha/Facebook via Reuters |
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| This frame shows a red SUV speeding past people watching a Christmas parade down Main Street in Waukesha, Wisconsin, yesterday. - Seconds later, the driver plowed into the crowd, killing at least 5 people and injuring more than 40 others, including children.
The image is from a Facebook livestream by the city 20 miles west of Milwaukee — a reminder that this was a joyful community event, four days before Thanksgiving, after two years of COVID strain. - The City of Waukesha Chamber of Commerce, with the URL "WaukeshaWorks," put on the 58th annual parade.
- The theme: "Comfort and Joy."
The joyous scene of marching bands and children dancing in Santa hats and waving pompoms turned tragic in an instant, AP reports. - A "person of interest" is in custody, Waukesha Police Chief Dan Thompson said. He gave no details.
- Thompson said a Waukesha police officer fired his gun to try to stop the vehicle. No bystanders were injured by the gunfire.
Hot chocolate was spilled everywhere as the town began to treat casualties, probe the calamity — and mourn for countless families. |
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| 2. Ending the Everything Shortage |
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| "Axios on HBO" visits the Ports of Long Beach and L.A. Photo: "Axios on HBO" |
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| The world's Everything Shortage will last past Christmas. But we're starting to see how the kinks could loosen next year. What's happening: If goods aren't off a boat by now, it's highly unlikely that they'll make it onto store shelves before Christmas, Axios Pro Rata author Dan Primack writes. - When Primack visited the Ports of Long Beach and L.A. for "Axios on HBO" last week, at least half of the visible terminal cranes were upright. That means they weren't removing containers from ships.
What's next: Some consumer demand may wane after the holidays, helping the ports begin to catch up. But there are three more major trouble spots on the horizon: - The labor contract representing around 15,000 West Coast port workers expires next summer. This could be a very difficult negotiation, given the reinvigorated U.S. labor movement.
- The International Maritime Organization, which oversees global ocean freight, has been implementing new rules whereby ships must reduce their carbon footprints. Ships most commonly meet these goals by slowing down.
- There could be a reverse logjam next year in Asia. Normally, a cargo ship would unload in Long Beach, then get filled back up with empty containers before returning to Asia. But some ships are leaving without enough empties because the port-truck-warehouse-rail ballet is such a mess. That could eventually disrupt the amount of cargo that can leave Asia.
🌞 How it could turn around: "Shipping and retail executives ... expect the U.S. port backlogs to clear in early 2022, after the holiday shopping season and when Lunar New Year shuts many factories for a week in February, slowing output," The Wall Street Journal reports (subscription). - "Globally speaking, the worst is behind us," said Louis Kuijs, head of Asia economics at Oxford Economics.
Watch an "Axios on HBO" clip ... Share this story. |
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| 3. Apple wants self-driving car by 2025 |
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| An Apple interior option is similar to this rendering by electric-vehicle startup Canoo. Photo: Canoo |
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| Apple is fast-tracking an electric car that's being refocused "around full self-driving capabilities, ... aiming to solve a technical challenge that has bedeviled the auto industry," Bloomberg's Mark Gurman reports: - "Apple's ideal car would have no steering wheel and pedals."
- In one option being considered (above), "passengers sit along the sides of the vehicle and face each other like they would in a limousine."
Here's an Apple touch: The car's infotainment system — likely a big, iPad-like touch screen — could be "in the middle of the vehicle, letting users interact with it throughout a ride," Bloomberg adds. |
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| A message from Facebook |
| Why Facebook supports updated internet regulations |
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| Rochelle is one of many experts working on privacy at Facebook — to give you more control over your information. Hear more from Rochelle on why Facebook supports updating regulations on the internet's most pressing challenges, including federal privacy legislation. |
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| 4. America's attention recession |
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| Illustration: Sarah Grillo/Axios |
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| New data point to an "attention recession" as we ease off the shutdown era's media binge, Axios Media Trends author Sara Fischer writes. - Why it matters: The gradual return of normal life in many places — along with media overload and exhaustion — has cut consumption.
The retreat from at-home activities has negatively impacted the growth of several media industries on a year-over-year basis: - Broadband: Kagan reports broadband subscriber growth "cooled significantly in the third quarter," stalling for the first time in three years.
- Streaming: Subscriber growth slowed last quarter for most of the major streaming services.
- News: SimilarWeb found a 12.4% decrease in readership across the top 10 most visited news sites between October 2020 and October 2021.
Share this story. |
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| 5. Putin eyes possible Ukraine invasion |
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| Russian troops take part in an amphibious landing exercise in Crimea last month. Photo: Sergei Malgavko/TASS via Getty Images |
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| The U.S. has shared intelligence with European allies indicating that Russia is planning for a potential large-scale invasion of Ukraine early next year, Bloomberg reports. - Why it matters: The attack would be far larger and more devastating than the 2014 conflict in eastern Ukraine, where 14,000 people have been killed in a rebellion waged by Russian-backed separatists.
Putin, whose annexation of Crimea in 2014 led to sanctions and international condemnation, views Ukraine as unfinished business. |
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| 6. 🎓 U.S. Rhodes class sets record |
| Louise Franke in Clemson, S.C. Photo: Emily Bowling for The Rhodes Trust via AP The 2022 class of U.S. Rhodes scholars includes the most women ever — 22 of 32, AP reports. - The scholars start next fall at the University of Oxford in England.
One of the scholars is Louise Franke, a 21-year-old senior studying biochemistry at Clemson: "It feels amazing to be part of this historic moment, as a woman and as a woman from the South." |
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| 7. 🍽️ A Washington staple returns |
| The Gridiron Club on Dec. 4 will hold its first dinner in two years — the longest stretch without a dinner since the club was founded in 1885. - COVID did what world wars didn't, former Gridiron president Susan Page tells me: The dinners continued through World War I. The Gridiron only missed one year during World War II.
The speakers for the Gridiron Winter Dinner will be Chris Christie for the Republicans and Rep. Jamie Raskin of Maryland for the Democrats. |
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| 8. Turkey crunch: Plenty of birds, shortage of sides |
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| Illustration: Sarah Grillo/Axios |
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| This year's turkey supply is strong, Erica Pandey writes for Axios What's Next. - Inflation will make dinner pricier, and you might have to find alternatives for sides. But don't fret about the main dish.
The only turkey compromise families might have to make is buying a bigger bird than they need, Butterball CEO Jay Jandrain tells Axios. - Smaller turkeys — between 10 and 14 pounds — are in shorter supply than usual because many people are still limiting travel and having smaller gatherings.
Labor shortages at meatpacking plants prompted many turkey suppliers to extend the birds' lifetimes before slaughtering and processing them. - So there are just more big turkeys — 16 pounds and up — than smaller ones this year, according to the Butterball boss.
- Many people bought their birds early, he says. October turkey sales were up 200% year-over-year, market research firm IRI reports. But supply remains strong for last-minute shoppers.
🧇 Crazy leftover recipe: Jandrain said that Friday morning, he'll try a waffle sandwich with turkey, gravy, and cranberry sauce in the middle. The waffle is made out of leftover stuffing. Recipe ... Watch a video. |
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| A message from Facebook |
| Facebook's industry-leading investments are stopping bad actors |
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