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: Living In The Chaotic Republic of Guyana – commentary
Stabroek News
By Stabroek News Editorial – June 4, 2022
Wanting order in one’s life is a universal human desire. No normal person wants chaos. In our personal lives we want and work towards states of order. Ideally we keep our homes and surroundings clean; we look to create harmony and predictability within and outside of our families; we save for our children’s university, for our old age. We are constantly securing ourselves against the chaos and uncertainties that life throws at us.
In developed countries citizens pay taxes and in return the state assists them in varying degrees from state pension plans to free tertiary education, free and quality healthcare. The French state will pay for its citizens to spend three weeks at a therapeutic spa. La belle vie! In one respect Covid-19 has been a blessing as it has finally concentrated the minds of Western politicians, after years of Darwinian capitalism, towards the protection and economic welfare of their citizens through significant disbursements and other reliefs. Continue reading →
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