Overcapacity Haunts Container Carriers Despite the Hanjin Bankruptcy

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Companies splurge on the largest container ships, consolidation rages, no one wants to back off. By MC01, a frequent commenter on WOLF STREET: In August 2016, Hanjin Shipping Co., at the time the world’s seventh largest container carrier, sought bankruptcy protection. It was the largest bankruptcy in shipping industry history. On February 2, 2017, the Seoul Bankruptcy … Read more

The Grand Irony of RussiaGate: The U.S. Becomes More Like the U.S.S.R. Every Day

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by Charles Hugh-Smith When the Soviet regime exiled Sakharov in 1980, everybody assumed the USSR was permanent and impregnable to collapse. There are many ironies in the RussiaGate drama, but none greater than this: The U.S. becomes more like the former U.S.S.R. every day. Longtime correspondent Bart D. sketches out the irony: I look at the … Read more

Paul Sperry: “Notes from DOJ official Bruce Ohr indicate Steele and Simpson — aka the Clinton campaign — were also behind the false rumors that Trump created a “secret server” with Russian-based Alfa Bank through Trump Tower.

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Hillary’s fingerprints are all over this. It was their October surprise… According to Snopes, Slate was the first to publish the story on October 31, 2016, which was written by Franklin Foer who is a staff writer at The Atlantic and former editor of The New Republic. I would not be surprised to learn that … Read more

Chicago police have been accused of entrapment after setting up a bait truck in a low income neighborhood full of expensive goods that were easily accessible.

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via thefreethoughtproject: Chicago, IL — Police in Chicago have recently come under criticism for setting up a “bait truck” in a low income area with the intent of enticing people to steal from it. The truck was left wide open with expensive goods like brand new shoes and appeared to be unsupervised. But there were police … Read more

Why is the Media Dividing Us?

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by Daniel Carter If you’ve seen my prior work, you know that I often focus on the dirty deeds of mainstream media. Last week, I posed the question: “Is the Press an Enemy of the People”. Of course, when I say “press”, I am referring to the six mega-corporations that own 90% of the media. And … Read more

Why Aren’t Widespread Labor Shortages Translating Into Roaring Wage Inflation?

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by John Rubino Google “labor shortage” or “wage hikes” and the result is a picture of an overheating economy. Some examples from August 10: 911 Emergency: Call Centers Can’t Find Workers Why Disneyland’s $15-an-hour labor deal is a win for workers everywhere Colorado small businesses seek help with labor shortage Washington growers struggle with labor … Read more

“It’s A Problem That’s Not Going To Go Away” – Eric Sprott

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Eric Sprott discuss the global economy, the stress in emerging markets and the latest on precious metals Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-Up August 10,2018 It’s been another week of “strange things happening in the world,” but Eric is back again to reassure us that precious metals are hanging in there. This week on the … Read more

Airbus Spy Drone Breaks Flight-Endurance Record To 25 Days

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by stockboardasset A solar-powered spy drone developed by Airbus Defence and Space recently broke the record for the longest continuous flight. The unmanned aircraft is known as Zephyr, a unique, re-usable solar-powered plane, providing a broad scope of applications, ranging from military surveillance, border patrol missions, communications, forest fire detection and monitoring. According to the press release, the aerospace company … Read more

Donald Trump helped Marine abandoned by Obama to rot in Mexican prison

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by Dr. Eowyn Do you remember Sgt. Andrew Tahmooressi? He’s the U.S. Marine veteran who has post-traumatic stress disorder after serving two tours of duty in Afghanistan. On March 31, 2014, Sgt. Tahmooressi was headed to dinner with friends in San Ysidro on California’s border with Mexico, when he missed a freeway exit and mistakenly wound up at a border … Read more

Is High Beta Switching To “Risk Off”?

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by Dana Lyons High Beta stocks may be losing their key leadership status. In analyzing risk in the market, we predominantly rely on quantitative models that we’ve developed over the years. There are, however, other indicators that we monitor which we’ve found helpful in instructing us as to the “risk-on” vs. “risk-off” situation in the market. These … Read more