A group of 19 Senate Republicans helped greenlight outsourcing of American manufacturing jobs with the passage of the so-called bipartisan infrastructure bill that provides giant carve-outs for industries to bypass “Buy American” rules. On Tuesday, 19 Senate Republicans joined Senate …
by Michael Snyder Many of the imbalances that are contributing to the nightmarish shortages that we are currently witnessing are not going to be solved any time soon. Ever since I started The Economic Collapse Blog, I have been warning that …
Shareholders wiped out, 14 Months after competitor Carillion Collapsed. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Shares in UK outsourcing giant Interserve, which employs over 65,000 people worldwide including 45,000 in the UK, were suspended today after almost …
After scandals, collapses, and the government’s off-balance-sheet debt. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The United Kingdom, widely considered to be the birthplace of the modern incarnation of the public-private partnership (PPP), in which private firms are …
“Not another Carillion,” says UK government to soothe frazzled nerves, as entire industry is teetering. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Since the sudden downfall of the British infrastructure giant Carillion two weeks ago, investors’ nerves in London …