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To Fix The Shipping Crisis, Start By Repealing The Jones Act

To Fix The Shipping Crisis, Start By Repealing The Jones Act

by Peter C. Earle At 9am EDT on Friday, October 22, the informal commercial flotilla off the coast of California ports reached a new high: 79 container ships were, as of that time, waiting to dock and offload cargo. The total number of vessels offshore, including oil tankers and bulk transports has reached 169. Some […]

Socialist Darwinism

Socialist Darwinism

by Robert E. Wright Occasionally, a human being of more than median understanding of the social world will say to me something like “Libertarianism smacks too much of Social Darwinism.” Such comments always strike me as absurd because all environments, including social(ist) ones, create selective pressures. In other words, societies necessarily encourage the reproductive success […]

Shipping Costs Surge: $17,000 To Ship Container to California from Asia, Up from $3,800 in 2020

Shipping Costs Surge: $17,000 To Ship Container to California from Asia, Up from $3,800 in 2020

By Wendell Husebø,   Shipping costs are surging around the globe, causing the price of sending a container from Asia to the West Coast to increase many times over. When Donald Trump was president in 2020, the price to ship a container from Asia to California was $3,800. That price spiked to $17,000 in October […]

Biden Promises He’s Going To Take ‘Millions’ Of Cars Off Roads

Biden Promises He’s Going To Take ‘Millions’ Of Cars Off Roads

By Bob Unruh It seems for a lot of Americans, that short drive from home to office may no longer happen very often. Nor might the family drive to grandma’s. Or a trip to a football or basketball game. Instead they’ll apparently walk to a train station, get on and ride, then walk from the train […]

Poll: 3 In 10 Americans Missing Meals Because Of Biden Inflation

Poll: 3 In 10 Americans Missing Meals Because Of Biden Inflation

By Bob Unruh Three of 10 Americans are missing meals because of the high prices of food – the result of inflation that the Biden administration has been unable to control, according to a new poll. Zogby Analytics said 29.3% of respondents said “yes” to the question, “Because of the Biden administration’s inability to control inflation, […]

We Must Reject Huge Financial Demands At UN Climate Conference

We Must Reject Huge Financial Demands At UN Climate Conference

By Dr. Jay Lehr and Tom Harris In the 1996 award-winning film Jerry McGuire, pro football player Rod Tidwell had a single demand of his agent: “Show me the money!”  “SHOW US THE MONEY” is precisely what thousands of bureaucrats from developing countries will demand of us at the 26th Conference of the Parties (COP26) to the United Nations […]

China’s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default

China’s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default

BY Tyler Durden | ZeroHedge In a surprise 11th hour development, China Evergrande made an overdue interest payment to offshore bondholders, the state-owned Securities Times reported Friday, an unexpected move that allows the property company to postpone – if not avoid – a default. The Chinese property developer sent $83.5 million to the trustee for […]

Jim Chanos: China’s “Leveraged Prosperity” Model Is Doomed…And That’s Not The Worst Of It

Jim Chanos: China’s “Leveraged Prosperity” Model Is Doomed…And That’s Not The Worst Of It

BY Tyler Durden | ZeroHedge Authored by Lynn Parramore via The Institute for New Economic Thinking, Famed short-seller is even more concerned with political fallout from Evergrande than economic/financial woes. Renowned short-seller Jim Chanos, founder of Kynikos Associates, is what you might call the “ever-bear” of China. For more than a decade, he has warned that the […]

Coal Power To Increase For First Time Since 2014, US Says

Coal Power To Increase For First Time Since 2014, US Says

by Thomas Catenacci US coal-fired power generation is projected to increase this year for the first time since 2014, the federal government said in a report Monday. The amount of electricity produced by coal plants is expected to tick up 22% in 2021, reversing coal’s six-year downward trend, according to the U.S. Energy Information Administration […]

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

Evergrande Shares Tumble On Sale Failure, 97% Plunge In Sales As Markets Brace For Chinese Default Avalanche

BY Tyler Durden | ZeroHedge After weeks of being halted for trading since the last day of September, on Thursday trading in shares of China’s most insolvent property developer, Evergrande, resumed. In retrospect, it was not a great idea. Evergrande shares slumped as much as 14.2% after the debt-strapped developer sought unsuccessfully to sell a controlling […]

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