A COVID-19 outbreak at a major Chinese port is worsening the global shipping crisis, which could disrupt orders for the holiday season, experts say
Shipping disruptions around the world could lead to a shortage of goods for the holiday season, according to industry experts.
A recent coronavirus outbreak in the province of Guangdong, in southern China, prompted authorities to introduce strict COVID-19 measures, causing congestion at four major ports, Reuters reported on Friday.
This is worsening a worldwide shipping crisis that has hiked costs and led to shortages of semiconductors, chicken, and other goods, as Insider’s Rachel Premack reported.
Michael “Big Short” Burry: This Is The Greatest Bubble Of All Time In All Things “By Two Orders Of Magnitude”
Earlier this year, none other than Michael ‘Big Short’ Burry confirmed BofA’s greatest fears, as he picked up on the theme of Weimar Germany and specifically its hyperinflation, as the blueprint for what comes next in a lengthy tweetstorm cribbing generously from Parsson’s seminal work, warning that:
“The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket.”
The Federal Reserve is taking what may be the first significant step toward launching its own virtual currency, a move that could shake up banks, give millions of low-income Americans access to the financial system and fortify the dollar’s status as the world’s reserve currency.
The idea of creating a fully digital version of the U.S. dollar, which was unthinkable just a few years ago, has gained bipartisan interest from lawmakers as diverse as Sens. Elizabeth Warren (D-Mass.) and John Kennedy (R-La.) because of its potential benefits for consumers who don’t have bank accounts. But it’s also sparking strong pushback from those with the most to lose: banks.
Here is your big chance to help yourself and help the world at the same time.
A federal court in Texas on Saturday dismissed a lawsuit by 117 hospital employees who challenged their employer’s vaccination requirement.
In the U.S. District Court for the Southern District of Texas’ written decision, Judge Lynn N. Hughes said lead plaintiff Jennifer Bridges, a nurse, and 116 other Houston Methodist Hospital employees who challenged the requirement, had no case.
Environment & Society
Huseyin Kara introduces each crop on his farm in southern Turkey with the pride of a new grandfather. Three types of okra, beans and tomatoes grow happily from the dry, crusty earth. In a nearby garden, trees blossom with young figs, lemons and pomegranates.
The natural order is unraveling. Plagues, floods, droughts, political unrest, riots, and economic crises strike one upon the next, before society has recovered from the last. Cracks spread in the shell of normality that encloses human life. Societies have faced such circumstances repeatedly throughout history, just as we face them today.
We would like to think we are responding more rationally and more effectively than our unscientific forebears; instead, we enact age-old social dramas and superstitions dressed in the garb of modern mythology. No wonder, because the most serious crisis we face is not new.