Daily Archives: 04/26/2022

WORLD TRADE: Panic At Sea: Nearly 2,000 Ships Stuck Outside Ports As Container Shortage Intensify – video

Panic At Sea: Nearly 2,000 Ships Stuck Outside Ports As Container Shortage Intensify

Epic Economist – April 21. 2022

The already stressed global supply chain is all set to face a fresh wave of backlogs, congestion, and shortages as new shockwaves emerge in almost every link of the system. Conditions continue to worsen by the day as Chinese ports operate at bare minimum capacity due to virus-related restrictions imposed by the government.

The disruption in the flow of goods in and out of the country is expected to reach alarming proportions and cause serious distortions in the market in the weeks ahead. The problem is particularly worrying between the US and China — the world’s busiest shipping route — but the restrictions will have a cascading impact all across the globe.        Continue reading

GUYANA: Guyanese think Govt. corrupt at all levels – US Dept. of State Human Rights report

UKRAINE: The awful truth is dawning: Putin may win in Ukraine. The result would be catastrophe – By Simon Tisdall

A Russian victory would herald a new age of instability, economic fragmentation, hunger for millions and social unrest

PHOTO: A Russian soldier patrols at the Mariupol drama theatre, which was hit by an airstrike last month. Photograph: Alexander Nemenov/AFP/Getty Images

The contrast was startling. In New York, António Guterres, the UN secretary general, launched a belated, desperately needed initiative to halt the war in Ukraine. “At this time of great peril and consequence, he [Guterres] would like to discuss urgent steps to bring about peace,” his spokesman said. The UN chief, he revealed, was proposing immediate, in-person talks with Vladimir Putin in Moscow and Volodymyr Zelenskiy in Kyiv.

At roughly the same time as this hopeful development unfolded, the UK’s Boris Johnson, riding a “Partygate” getaway plane to India, was colourfully rubbishing peace efforts. Putin, he claimed, was an untrustworthy reptile. “I really don’t see how the Ukrainians can easily sit down and come to some kind of accommodation. How can you negotiate with a crocodile when it’s got your leg in its jaws?” Johnson asked.          Continue reading

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