Churchill faced two motions of no confidence in 1942. His most difficult time came in 1942, when Britain came far closer to losing the war than most realize to this day. The catastrophe of the Channel Dash in February was an inauspicious start. Two German battleships and a heavy cruiser, Prinz Eugen, were in dock for repairs at Brest on the French Atlantic coast when Hitler decided to recall them to home waters via a surprise break through the Channel..Pictured (L-R) : Churchill, Singapore falls to the Japanese and the bombed Canterbury Cathedral
HEADLINES & STORIES FROM AROUND THE WORLD: Week-3
Jan 16-22, 2022
News Stories from Across The World:
We Predicted this: 59 Percent of Democrats Favor Government Confining Unvaccinated Americans to Their Homes
I’m sure most of us experienced all sorts of turmoil in 2021 personally and business-wise. Despite many supply chain problems and price increases. Last November, I realized that economically, we were heading for trouble, so we purchased as many raw materials that we could afford. That foresight paid off, as we had basically enough raw materials to last through 8 months of 2021. The result of this planning: Very minimal price increases, and for the most part no price increases on clears, primers and paints. We did move up hardeners slightly, but we did not have the 16-22% price increases everyone else in the industry! Across the board, on average, we had less than a 1% price increase. Unfortunately, this trend probaly won’t continue much longer.
I want to thank everyone of you for understanding and supporting Tamco through a rough year. At Tamco we were able to come thru some major obstacles, but continued to grow and add more products.
2021 will be a major expansion year, with many new products coming out. My previous update named the major ones. If things go smoothly, 2022 will be a banner year. That being said, we will face many major obstacles.
1) Every raw material we buy has gone up from 7-65%!
Our pigments are especially hit- This is a letter last week from a major pigment supplier to us:
The following price adjustments will be effective with orders shipping on or after January 10th, 2022:
• All Quinacridone Red (PR122) and Violet (PV19) dispersions will be increased 12% due to feedstock issues affecting all dry pigment producers and driving up prices. Products include: WB 1519 Quinacridone Red, WB 15122-S Quinacridone Magenta, WB 1819 Quinacridone Violet, AD 2519 Quinacridone Red, AD 25122 Quinacridone Magenta, AD 2819 Quinacridone Violet, HP 3519 Quinacridone Red, HP 3819 Quinacridone Violet, H2Low VOC 8519 Quinacridone Red, H2Low VOC 8819 Quinacridone Violet, XVOC 0519 Quinacridone Red, XVOC 0819 Quinacridone Violet, RD 6819 Quinacridone Violet, and RD 6801 Sapphire Blue.
• All RD pigment dispersions not noted in bullet #1 will be increased 6.8% with the exception of RD 63184 which will be increased 17.45%.
• All XVOC pigment dispersions not noted in bullet #1 will be increased 8.9% with the exception of XVOC 0900 which will be increased 28%.
OUR SOLVENTS: Like Gasoline our solvents prices doubled since January. Doubled! As oil continues to rise, so will solvent prices will follow. Many are predicting $100.00 oil. If that happens our solvent prices would double again.
RESINS: Up until December, resin prices had very modest increase. From 3-7%…. This changed last month, where every resin (many come from China, others Europe) doubles in price due to shipping! Our American made resins almost doubles (figure that out- it seems like price gouging to me). ISO hardener resin went from about $3.25 to $11/ pound! Our cost, not counting labor or shipping for a quart of HH-7605 is nearly $30.00!
Freight and shipping: Our single highest expense. Shipping has again gone up about 45% in 2021, which followed a 12% increase in 2020. Our shipping policy had to be changed, which we did from $275.00 for free shipping to $375.00 as well as actual shipping for anything that falls under.
My thoughts on 2022:
In my thinking, inflation and supply chain issues will get worse in 2022. The federal government has deficit spent nearly $6 trillion dollars in the last two years. It continues to deficit spend about $200 billion monthly even today. That is pure excess demand and is the main driving force of the current inflation.
Worker shortages will reach crisis proportions! Tamco will have price increases, but so too will everyone else! I am hearing that most of the big companies are going to have 15-25% Higher prices in 2022. Remember a 15% price increase on a PPG clear would equate to a 40% Tamco price increase in real dollars! And those increases are on top of last year’s huge increases by the other companies.
My advice is to by products that do not go bad that you will need to run your shop as early as possible. That applies if you buy from Tamco, or anyone else! The majority of the members in the FED claim they plan at least 3 interest rate hikes this year. 3! That would be catasptrophic to small businesses that aren’t prepared.
Here are steps you should think about to maximize your cash. Cash is king, debt in bad times is the fastest way to bankruptcy. Hoard cash, and learn to pay your bills in the most beneficial cash advantage to you. I am quite amazed that many of our customers still use PayPal to pay for their paint purchases instead of “cash-back” credit cards! Capital offers Spark business cards that give unlimited 2% cash back. At Tamco, we try to pay every vendor with the Spark Card. Amex is also good, but they average on 1.5% cash back. I see some banks actually offering 5%! So if you buy a $3,000 order, switching from PayPal to a business Spark Card lowered the bill by $60.00! On top of that, you have (if you time correctly) about 25 days to pay the back without interest! That’s worth a bunch more!
We save enough money each month to actually cover the cost of several employees! No kidding. We put hundreds of thousands on cards each month, and apply the saving to the employee account.
Little ways like this can add many dollars to the bottom line. Here is an AMEX link worth reading: https://www.americanexpress.com/en-us/business/trends-and-insights/articles/27-money-saving-tips-from-successful-small-businesses-annie-mueller/
The lean and smart people out there can survive whatever 2022 throws at them, but you must be prepared and have a plan.
And this coal comes from AMERICA!!!!! We export it so called DIRTY CHEAP COAL, and we import FROM CHINA "clean expensive coal." Total Corruptness in American leaders!
A month before its official release, an exciting new book revealing hundreds of mysteries from the Bible and your personal life soared this week to the top position in more than one best-seller category on Amazon.com, ahead of books by Joel Osteen, Barack Obama and Bruce Springsteen.
Scheduled for release Jan. 25, "Reaching God Speed: Unlocking the Secret Broadcast Revealing the Mystery of Everything" by Joe Kovacs hit the top spot in "Musical Philosophy & Social Aspects" as well as #1 and #2 (Kindle edition) in Spiritual Self-Help, and #5 and #11 in Christian Personal Growth.
"Scores of songs have been decoded using the Spirit of God to reveal what millions of people have missed when listening to their favorite tunes on the air. It's astonishing to understand who the true Author of these hits actually is, and the inspiring messages He's broadcasting in these chart-toppers."
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The book also probes God's hidden messages in popular movies, the stories we tell our children, famous commercial campaigns, historic news events, everyday sayings we utter, nature itself, and typical life activities such as such as inhaling every breath you take, sleeping, waking up and many more.
"Reaching God Speed" features a myriad of stunning biblical revelations, as the book:
In America- there are too many corrupt cops, DA's and medical examiners resulting in many innocent people in jail!
- The Virginia Beach Police Department used forged documents in at least five criminal cases to try to obtain confessions or cooperation from suspects
- Attorney General Mark Herring said he reached an agreement with the police that would end the 'extremely troubling and potentially unconstitutional tactic'
- From March 2016 to February 2020, Virginia Beach police showed fake lab certificates to suspects they were interrogating
- The certificates indicated the person had been connected to a crime through DNA evidence
- The investigation reviewed 9,600 criminal cases and 'found a total of five instances over a five-year period'
The Greatest Britain (and 1/2 American) in there last 150 years!
Churchill's darkest hour: Anyone who's seen the Gary Oldman movie would say Sir Winston Churchill's crisis point was in 1940 after Dunkirk - but a new book reveals it was two years later that his reputation - and the nation's morale - sank to their lowest
'It should be driven, enjoyed, and cherished': Dustin Hoffman puts iconic 1949 Buick from Oscar-winning film Rain Man up for auction - and it could fetch up to $250k
The 1949 Roadmaster Convertible, which was acquired by US actor Hoffman after the film wrapped, has an estimated value of between $160,000 and $250,000. Hoffman said the vehicle, described as the film's 'third character' had 'been in storage too long' and should be 'driven, enjoyed, and cherished'. Rain Man follows the cross-country life-changing road trip made by selfish wheeler-dealer Charlie Babbitt (Cruise) and his autistic brother Raymond (Hoffman). The film won several academy awards including best film, best director for Barry Levinson, and best actor for Hoffman.