650 Years Ago: How Venice Rigged the First, and Worst, Global …
=== —–>The 50-50 split was intended to be from The amount calculated, notarized and of record with the U.S. Bureau of Public Debt, U.S. Dept. of the Treasury, U.S. Security Exchange Commission the amount calculated as due and payable in gold, gold coin, gold bullion and/or coin of the realm, calculated from May 1, 1875 to May 1, 1990, $206, 858,581,465,280,000,000.00 including all compoundings and accruals since the first calculations. http://www.theantechamber.net/V_K_Durham/BogusGoldDeriv.htmlSOME OF THE OFF SHORE ACCOUNTS Patrick Fitzgerald expands his investigation to Switzerland (see:
http://www.tomflocco.com/fs/SenClintonGrenada.htm
(they missed the Grand Cayman Accounts in Chelesea’s name) while in the meantime, back at the ‘ranch’ (WH) so to speak DRUG RUNNING is rampant in trying to get money available for the HIGH ROLLERS, HIGH BINDER OCCUPANTS (past and present) and other U.S. Reps aboard the US FEDERAL “CORPORATE” DRUG RUNNING & MONEY LAUNDERING ROLLER COASTER the plane with 5 tons of coke owned by “Royal Sons” involving Tom Delay Appointee to the Business Advisory Council of the National Republican Congressional Committee (see:
http://www.madcowprod.com/04172006.html )
which further involves financial involvement in9/11/01 and other individuals under investigation allegedly involved in the WORLD TRADE TOWERS INCIDENT of 9/11/01. morehttp://www.theantechamber.net/V_K_Durham/MoneyLaundering.htm
September 11 Commission Report RevisedDecember 008 – Gnostic …
REPORT. Revised December 2008. Final Report of the Investigation
AUDIO: WE MUST QUICKLY MAKE CERTAIN A SAFETY NET UNDER THE REPUBLICS http://www.blogtalkradio.com/claydouglas/2011/02/16/the-free-american-hour Clay Douglas interviews VK Durham
Unfortunately, I can not restore the lives of Leaders of Nations, Central Bank Bankers who lost their lives due to this Financial Terrorism, Financial Fraud Farce. If I could! I would! This has been such a waste of lives of innocent people.
http://www.nesaranetwork.com/2014/05/26/wherein-lies-the-difference-between-ceo-jami-dimon-and-irans-top-banker-khosravi-who-was-convicted-of-disrupting-the-countrys-economy-through-embezzlement-money-laundering-and-bribery/
Wherein lies the difference between CEO Jami Dimon and Iran’s top banker Khosravi who was convicted of disrupting the country’s economy through embezzlement, money laundering, and bribery?.
Dinged-up JPMorgan CEO may seek exit: analystsJPMorgan is on the ropes.
As many as 10,000 more job cuts are on the table this year on top of previously announced layoffs — the brutal result of shrinking business and regulators prowling for blood, The Post has learned.
The latest setbacks at the largest US bank, employing 250,000 worldwide, are so stark, they could force CEO Jamie Dimon to throw in the towel, analysts say.
“It’s just beginning to hit them over the head,” said Nancy Bush, a consultant and strategic adviser at NAB Research. She believes JPMorgan is also caught up in massive global deleveraging, which is shrinking the entire financial system — and it’ll reverberate through trading markets. “Consumers have reduced their debt,” Bush said. “The government leveraged up to fill in that hole and is now going to start deleveraging. There’ll be layoffs at JPMorgan.”
Wall Street is also in the sights of lawmakers. “JPMorgan in particular has borne the brunt,” Bush said, referring to the acute regulatory oversight of financial players, “and they have to decide what business is going to stay, what’s going to go.”================================================
It has been said there’s one retail company to watch as a prelude to what comes next it’s always been Walmart. Known for low prices, low wages, and multi-billion dollar profits, the world’s largest retailer is struggling.
According to a recent report from Motley Fool, the behemoth’s same stores sales in the U.S. have dropped precipitously and internationally they have outright collapsed, signalling serious trouble ahead.
Wal-Mart has begun to lose its cache with consumers and major holes are starting to form in its business.
Interestingly, Wal-Mart has hidden its financial problems from the headlines because–
2014 Retail Stores Closing, Going Out of Business, Filing Bankruptcy
http://retailindustry.about.com/od/USRetailStoreClosingInfoFAQs/fl/All-2014-Store-Closings-US-Retail-Industry-Chains-to-Close-Stores_2.htm
Life is gonna be a lot of fun next year for the city dwellers, huh?! And with the pending food shortages? No fish, crop failures from the bread baskets?
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Snip
365 Coldwater Creek
360 Dots
300 Blockbuster
300 Sears
225 Staples (through 2015)
223 Barnes & Noble (through 2023)
180 Abercrombie & Fitch (by 2015)
175 Aeropostale (“over the next several years”)
170 Jones Group (by mid-2014 )
155 Sbarro
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Muddy Waters
Are U.S. shipping companies still sending their clunkers to the toxic scrap yards of South Asia?
When the 30-year-old cargo ship MV Anders cruised out of Norfolk, Va., at 11 p.m. on Wednesday, Aug. 26, it may have been sailing through one of the largest loopholes in U.S. maritime regulations.
Three weeks earlier, the
Anders was a U.S.-flagged vessel called the
MV Pfc. James Anderson Jr., named for a
young Marine who saved his platoon members’ lives by falling on a Viet Cong grenade. It had hauled cargo for the U.S. Navy for more than two decades and was now retiring. The ship’s new owners, Star Maritime Corp., had renamed it the
Anders, painted over the excess letters on the hull, and raised the flag of its new registry—the Caribbean nation of St. Kitts and Nevis. The
Anders left Virginia empty.
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Its 29-year-old sister ship, the MVBonny (formerly the MV 1st Lt. Alex Bonnyman), followed two days later under the same flag and ownership. The Coast Guard listed the ships’ next port of call as Santos, Brazil. But environmental groups, trade journals, and industry watchdogs claim the ultimate destination for these aging vessels will be the Dickensian scrap yards of Bangladesh.
The
Anders and the
Bonny served in the
U.S. Navy’s Military Sealift Command for 24 years. Stationed at Diego Garcia in the Indian Ocean, they delivered military cargo during both Iraq wars, as well as Operation Restore Hope in Somalia. But the Navy never actually owned the ships. They chartered them from Wilmington Trust, which sold them to Star Maritime earlier this summer. When Star Maritime renamed the ships and submitted an application to reflag them under St. Kitts and Nevis registration, environmental groups recognized the telltale signs of vessels about to be scrapped and cried foul.
The
Basel Action Network, a Seattle-based environmental group leading the campaign to stop the export of old ships for scrap, monitors old vessels in U.S. waters and alerts the EPA when their owners attempt to recycle them overseas. There are several reliable warning signs. First, a ship is sold to an obscure company (which U.S. ship-breakers call a “Last Voyage Inc.”), which is sometimes a subsidiary of a larger company active in the scrapping business. Then it is renamed and registered under another nation’s flag before sailing to South Asia. read more
http://www.slate.com/articles/news_and_politics/foreigners/2009/09/muddy_waters.html
From Loch Striven in Scotland to the Strait of Malacca in Southeast Asia, more than a tenth of the vessels that transport the world’s manufactured goods in containers is idle.
Posted by Blogger / 4:07 PM /
More than a tenth of the vessels that transport the world’s manufactured goods in containers is idle. Via the NY Times From Loch Striven in Scotland to the Strait of Malacca in Southeast Asia, more than a tenth of the vessels that transport the world’s manufactured goods in containers is idle. For most, orders to sail will not come for some time.
Although world trade, which collapsed last year, is beginning to recover, driven especially by demand from developing countries, that recovery is being offset by added capacity in the large number of new container ships that will keep steaming out of the world’s shipyards.
Among those suffering most are lines like the German company Hapag-Lloyd and the Danish group A.P. Moller-Maersk, which ship boxed goods around the world. Much like the giant banks crippled by the subprime mortgage crisis, those companies are paying now for having expanded too aggressively during the boom, according to analysts.
Drewry Shipping Consultants in London estimates that the 20 or so major carriers, all Asian or European, lost $20 billion in 2009. According to Alphaliner, an industry information provider, seven smaller carriers went out of business last year, including Contenemar of Spain.
“We’ve never seen anything like this,” said Chris Bourne, executive director of the European Liner Affairs Association, or E.L.A.A. “It’s the worst situation since the start of containerization in the ’60s.” Continue reading herehttp://www.nytimes.com/2010/01/16/business/global/16ship.html?hpw=&pagewanted=print
Cargo Ships Treading Water Off Singapore, Waiting for Work
Charles Pertwee for The New York Times
Sunrise in the Strait between Indonesia and Singapore, where 735 cargo ships were gathered Tuesday because of a sharp decline in global exports.
Published: May 12, 2009
SINGAPORE — To go out in a small boat along Singapore’s coast now is to feel like a mouse tiptoeing through an endless herd of slumbering elephants.
One of the largest fleets of ships ever gathered idles here just outside one of the world’s busiest ports, marooned by the receding tide of global trade. There may be tentative signs of economic recovery in spots around the globe, but few here.
Hundreds of cargo ships — some up to 300,000 tons, with many weighing
more than the entire 130-ship Spanish Armada — seem to perch on top of the water rather than in it, their red rudders and bulbous noses, submerged when the vessels are loaded, sticking a dozen feet out of the water.
So many ships have congregated here — 735, according to AIS Live ship tracking service of Lloyd’s Register-Fairplay in Redhill, Britain — that shipping lines are becoming concerned about near misses and collisions in one of the world’s most congested waterways, the straits that separate Malaysia and Singapore from Indonesia.
The root of the problem lies in an unusually steep slump in global trade, confirmed by trade statistics announced on Tuesday.
China said that its exports nose-dived 22.6 percent in April from a year earlier, while the Philippines said that its exports in March were down 30.9 percent from a year earlier. The United States announced on Tuesday that its exports had declined 2.4 percent in March.
“The March 2009 trade data reiterates the current challenges in our global economy,” said Ron Kirk, the United States trade representative.
Lets move on over to SUBIC BAY.
Empty cargo ships wait out the economy in Philippine ports
In places like Subic Bay, the horizon is filled with vessels awaiting goods to transport. It’s a windfall for the ports but an unwelcome cost for the shipping firms.
SUBIC BAY, PHILIPPINES — The slump in global trade has left a growing armada of empty cargo ships and tankers cruising the seas in search of the cheapest places to drop anchor while they ride out the economic storm.
About 1,000 of the world’s shipping vessels are laid up for lack of freight, and the number could swell to several thousand in the next few years, Norwegian risk management foundation Det Norske Veritas reported this month. Popular Southeast Asian ports such as Singapore are turning ships away. source
http://articles.latimes.com/2009/mar/25/world/fg-subic-bay25KOREA TIMES WRITES
Hulking Cargo Ships Sit Idle Off Singapore
By KEITH BRADSHER
SINGAPORE – To go out in a small boat along Singapore’s coast now is to feel like a mouse tiptoeing through an endless herd of slumbering elephants.
One of the largest fleets of ships ever gathered idles here just outside one of the world’s busiest ports, marooned by the receding tide of global trade. There may be tentative signs of economic recovery in spots around the globe, but few here.
Hundreds of cargo ships – some up to 270,000 metric tons, with many weighing more than the entire 130-ship Spanish Armada – seem to perch on top of the water rather than in it, their red rudders and bulbous noses, submerged when the vessels are loaded, sticking several meters out of the water.
So many ships have congregated here – 735, according to AIS Live tracking service of Lloyd’s Register-Fairplay Research, a ship tracking service based in Gothenburg, Sweden – that shipping lines are becoming concerned about near misses and collisions in one of the world’s most congested waterways, the Strait of Malacca, which separates Malaysia and Singapore from Indonesia.
The root of the problem lies in an unusually steep slump in global trade, confirmed by trade statistics announced on May 12.
China said that its exports nose-dived 22.6 percent in April from a year earlier, while the Philippines said that its exports in March were down 30.9 percent from a year earlier. The United States recently announced that its exports had declined 2.4 percent in March.
“The March 2009 trade data reiterates the current challenges in our global economy,”said Ron Kirk, the United States trade representative.
More worrisome is that the current level of trade suggests a recovery is far off, many in the shipping business say.
“A lot of the orders for the retail season are being placed now, and compared to recent years, they are weak,”said Chris Woodward, the vice president for container services at Ryder System, the big logistics company.
Western consumers still adjusting to losses in value of their stocks and homes are in little mood to start spending again on nonessential imports, said Joshua Felman, the assistant director of the Asia and Pacific division of the International Monetary Fund.“For trade to pick up, demand has to pick up,”he said.“It’s very difficult to see that happening any time soon.”
The daily rate to charter a large bulk freighter suitable for carrying, say, iron ore, plummeted from close to $300,000 last summer to a low of $10,000 early this year, according to H. Clarkson & Company, a London ship brokerage.
The rate has rebounded to nearly $25,000 in the last several weeks, and some bulk carriers have left Singapore. But ship owners say this recovery may be short-lived because it mostly reflects a rush by Chinese steel makers to import iron ore before a possible price increase.
Container shipping is also showing faint signs of revival, but remains deeply depressed. And more empty tankers are showing up here.
The cost of shipping a 12-meter steel container full of merchandise from southern China to northern Europe tumbled from $1,400 plus fuel charges a year ago to as little as $150 early this year, before rebounding to around $300, which is still below the cost of providing the service, said Neil Dekker, a container industry forecaster at Drewry Shipping Consultants in London.
Eight small companies in the industry have gone bankrupt in the last year and at least one of the major carriers is likely to fail this year, he said.
Vessels have flocked to Singapore because it has few storms, excellent ship repair teams, cheap fuel from its own refinery and proximity to Asian ports that might eventually have cargo to ship.
The gathering of so many freighters“is extraordinary,”said Christopher Palsson, a senior consultant at Lloyd’s Register-Fairplay Research, a ship tracking service.“We have probably not witnessed anything like this since the early 1980s,”during the last big bust in the global shipping industry.
Ships are anchoring at other ports around the world, too. There were 150 vessels in and around the Straits of Gibraltar on May 11, and 300 around Rotterdam, the Netherlands, according to the AIS Live tracking service.
But Singapore, close to Asian markets, has attracted far more.
“It is a sign of the times,”said Martin Stopford, the managing director of Clarkson Research Service in London,“that Asia is the place you want to hang around this time in case things turn around.”
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▲ Sunrise in the Strait of Malacca, where 735 cargo ships sat empty because of a decline in exports. |
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