Archive for the 'Economy' Category
Thousands of Frozen Meat Containers Pile Up at Chinese Ports
February 18th, 2020Via: Bloomberg: Thousands of containers of frozen pork, chicken and beef are piling up at some major Chinese ports as transport disruptions and labor shortages slow operations, people familiar with the matter said. Deliveries are mounting at ports including Tianjin, Shanghai and Ningbo because there aren’t enough truck drivers to collect containers due to travel […]
Coronavirus Could Impact 5 Million Companies Worldwide
February 18th, 2020Via: CNBC: The new coronavirus outbreak and subsequent shutdown of huge swathes of China could impact more than 5 million businesses worldwide, according to a new study. A special briefing issued by global data analytics firm Dun & Bradstreet analyzed the Chinese provinces most impacted by the virus, and found they are intricately linked to […]
Singapore Imposes Strict “Stay Home Notice” for Anyone Entering Country from China
February 18th, 2020Via: Straits Times: A new Stay-Home Notice will be introduced for Singapore residents and long-term pass holders returning from mainland China. They will be required to remain at home at all times for 14 days, National Development Minister Lawrence Wong told reporters on Monday (Feb 17). The new scheme will take effect from Feb 18 […]
Japanese Health Minister: Avoid Crowds and “Non-Essential Gatherings”
February 17th, 2020Via: AFP: Japan’s health minister on Sunday urged the public to avoid crowds and “non-essential gatherings”, including notoriously packed commuter trains, to prevent the new coronavirus from spreading in the country. Katsunobu Kato warned the nation was “entering a new phase” in the outbreak of the virus, which has infected nearly 60 people in Japan […]
3D Printing Is Changing the World
February 16th, 2020Bio-inspired metal object printing. Via: Vice:
White House Considering Tax Incentive for More Americans to Buy Stocks
February 15th, 2020Via: CNBC: As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. The proposal, one of many new tax cuts under consideration, would see a portion of household income […]
China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero
February 14th, 2020Via: ZeroHedge: In our ongoing attempts to glean some objective insight into what is actually happening “on the ground” in the notoriously opaque China, whose economy has been hammered by the Coronavirus epidemic, yesterday we showed several “alternative” economic indicators such as real-time measurements of air pollution (a proxy for industrial output), daily coal consumption […]
China Coronavirus: Extreme Global Supply Chain Problems Inevitable Due to So Much Manufacturing Centralization in China
February 14th, 2020Via: The American Prospect: A substantial amount of what the world produces originates in or is reliant on China. The nation’s presence as a major market, a manufacturing hub, and a source of materials and components can make any shock of this magnitude catastrophic. For decades, world leaders have allowed multinationals to chase lower labor […]
Is The Coronavirus Now Unstoppable?
February 14th, 2020Via: Peak Prosperity:
China Admits Huge Jump In New Coronavirus Infections And Deaths
February 12th, 2020I always triple “bad news” numbers from China. Minimum. Which wouldn’t have been enough in this case. Maybe 3Xing from this latest admission might be the way to go? It’s hard to know since all the diabolical Chinese regime does is lie. Via: ZeroHedge: And just like that we are back on the quadratic growth […]
