Sinclair Broadcast Group Inc., one of the largest owners of broadcast stations in the U.S., said it is working to contain a cybersecurity incident that disrupted some of its networks and had some of its servers and workstations encrypted with ransomware. https://www.wsj.com/articles/sinclair-says-it-was-hit-by-cyberattack-11634563871

Reports of multiple ports on blockade in Italy continues. Expected supply chain delays. https://t.me/MeteoraNews/334

A reply to https://t.me/TheParadigmShiftChannel/165

A global supply chain crisis is brewing, leading to a full-spectrum shortage of essential items. This is the result of mass centralization, where policies are dictated and synchronized by the aristocrats of the New Normal. If the problem is not a lockdown, then it is a dearth of raw materials. If ports are ready to unload raw materials and finished products, then truckers are unavailable to pick them up. If truckers are available, ports are unable to process freights. https://www.rt.com/op-ed/537664-supply-chains-shortage-crisis/

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can’t find fertilizer, made using natural gas. And fears are rising that Europe will have to ration electricity if it’s a cold winter. https://www.msn.com/en-us/money/markets/energy-crunch-hits-global-recovery-as-winter-approaches/ar-AAPHD9c

Acer has confirmed yet another cyberattack on its servers in Taiwan after their offices in India were hit less than a week ago by the same group. The Desorden Group said part of why they conducted the second attack was to prove their point "that Acer is way behind in its cybersecurity effects on protecting its data and is a global network of vulnerable servers." https://www.zdnet.com/article/acer-hit-with-second-cyberattack-in-less-than-a-week-this-time-in-taiwan-offices/

As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat currencies but also digital currencies. https://www.today.ng/news/world/russia-aims-replace-dollar-reserves-digital-assets-long-term-394884

CME wheat futures gained more ground on Tuesday, with the market climbing for a fourth consecutive session as tightening global supplies underpinned the market. https://www.agriculture.com/markets/newswire/grains-wheat-rises-for-fourth-day-on-tightening-world-supplies-soybeans-firm-0

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Price hikes by exporters come on top of record shipping costs -- mostly paid by importers rather than manufacturers -- which are almost 300% higher than a year ago, according to maritime advisory and research firm Drewry. For years, China’s factories have acted as a brake on global inflation as they cut costs to keep foreign customers amid sluggish demand and competition from up-and-coming manufacturing rivals like Vietnam. https://www.msn.com/en-us/money/markets/double-digit-price-hikes-on-china-exports-add-to-inflation-risk/ar-AAPIIXM?pfr=1

China is pushing big US companies like McDonald's and Visa to accept payment in its digital yuan ahead of the Beijing Winter Olympics next year. McDonalds has already started trialing digital renminbi wallets across its 270 restaurants in Shanghai. https://www.msn.com/en-us/money/markets/china-is-pressing-us-companies-like-mcdonalds-and-visa-to-accept-its-e-yuan-at-the-winter-olympics-report/ar-AAPKhsJ

The consumer price index rose 4.4% in September from a year earlier, Statistics Canada reported. That’s the highest reading since February 2003, On a monthly basis, inflation was up 0.2% in September. Higher food, shelter and transport prices were the main contributors. https://finance.yahoo.com/news/inflation-hits-4-4-canada-123501741.html

Constant rains in recent weeks have delayed wheat planting in main production regions in China. Late planting would affect growth, while too much moisture in the land would cause more diseases for the crop. https://www.msn.com/en-us/money/markets/rains-delay-wheat-planting-autumn-grain-harvest-in-china-ministry/ar-AAPJNQg

The expanding energy crisis is causing propane to rocket higher as supplies dwindle to below seasonal levels as research firm IHS Markit Ltd. warns of "armageddon" during the Northern Hemisphere winter. https://www.zerohedge.com/commodities/ihs-market-warns-armageddon-us-propane-market

Wholesale used car and truck prices jumped 8.3% in the first 15 days of October compared to the month of September, according to the Manheim Used Vehicle Value Index. Used car prices have soared 37% over the past 12 months as a global chip shortage caused automakers to rein in production, boosting demand for pre-owned vehicles. https://www.msn.com/en-us/money/markets/soaring-used-car-prices-suggest-inflation-headwinds-to-intensify/ar-AAPKO1c?pfr=1

The head of Scottish Power has said Britain’s gas crisis will keep driving energy bills higher until 2023, and could leave only five or six of the strongest suppliers standing. The only energy companies able to survive a fresh £4bn blow to the energy supply market would include a small number of players backed by major multinational firms. https://www.theguardian.com/business/2021/oct/21/expect-18-more-months-of-rising-energy-bills-uk-householders-warned

US - Many food suppliers are planning for these hiccups and shortages to last. Food producers complain of supply-chain headaches of their own. Grocers warn of intermittent delays across product categories. https://www.bloomberg.com/news/articles/2021-10-19/food-shortages-crop-up-again-as-supply-chain-headaches-worsen

UK- Consumers should be hit with higher prices on meat to help the environment, says research paper drawn up for the Government according to suggestions for a tax on “high-carbon foods”. The suggestion was included in a document published by the Business Department’s Behavioural Insights Unit, before being removed from the Government’s website shortly afterwards. https://www.telegraph.co.uk/business/2021/10/20/whitehall-considers-meat-tax-slash-carbon-emissions/

Industries from hospitality to haulage are facing double-digit inflation pressures as the supply-chain crisis in the country escalates. Wages, materials and freight costs are all soaring as companies grapple with shortages and a lack of workers, representatives from a range of businesses told a parliamentary committee on supply-chain issues. https://www.thestar.com.my/business/business-news/2021/10/21/uk-industries-from-food-to-trucking-warn-of-inflation-pressures

The time ships are stuck waiting offshore continues to lengthen. There are simply too many vessels arriving with too much cargo for terminals, trucks, trains and warehouses to handle. The number of ships at anchor or in holding patterns is once again at record levels. https://www.freightwaves.com/news/22b-worth-of-cargo-is-now-stuck-on-container-ships-off-california

Perfect example of government destroying free market competition. - More than a dozen power suppliers in the UK have exited the retail energy market in recent weeks. The UK has a so-called Energy Price Cap in place, which supposedly is to protect households from too high bills by capping the price that providers can pass on to them, but which additionally burdens energy providers. https://oilprice.com/Energy/Energy-General/UK-Energy-Suppliers-Face-Massacre-Amid-Soaring-Gas-Prices.html

Skyrocketing fertilizer prices could lead U.S. corn profits to drop by about a quarter next year, potentially motivating farmers to shift millions of acres into less cost-intensive soybeans. https://www.bloomberg.com/news/articles/2021-10-21/fertilizer-price-shock-threatens-to-slash-u-s-corn-profits