US economic growth slows in third quarter - October 29, 2021

The U.S. economy grew at a 2% annualized pace during the third quarter of 2021, the slowest pace in more than a year, likely caused by supply chain constraints creating shortages of goods that stifled consumer spending. Gross domestic product grew 0.5%, down from 1.6% in the second quarter and the weakest growth since pandemic recovery began in the spring. As the year comes to a close, the pandemic’s grip seems to be easing but supply-chain issues are not. Consumer Spending Likely Grew More Slowly in September - The Wall Street Journal The market is starting to price in more interest rate hikes than the Fed is indicating - CNBC @byHeatherLong: US economy grew just 2% in Q3 -- the weakest by far in this recovery as Delta took its toll. Big declines in Federal gov't spending as stimulus starts to fade. Also big drops in biz investment, esp. weak buying of equipment & residential investment likely due to supply chain woes Facebook Inc. has changed its name to Meta Platforms Inc., demonstrating the company’s shift from a global social network to an emerging computing platform focused on virtual reality. The change highlights Mark Zuckerberg’s desire to transition the Silicon Valley company’s focus to the next digital frontier: the unification of disparate digital worlds into the metaverse. The Facebook app that is used by almost 3 billion people around the world each month will keep its name. Enter the metaverse: the digital future Mark Zuckerberg is steering us toward - The Guardian​​ Microsoft announces plan to cut cybersecurity workforce shortage in half by 2025 - CNBC @evan_greer: I took a dive into the "Metaverse" and went on the BBC to talk about Facebook's rebranding and how we need to fight tooth and nail to ensure that the Mark Zuckerbergs of the world don't define and control the next generation of the Internet. A Kaiser Family Foundation survey found 37% of unvaccinated workers say they will quit their jobs if their employers mandate vaccines or force weekly coronavirus tests, with 72% of unvac