The question now is whether as a result of the bankruptcy process there will be an unexpected failure in the global supply-chain: South Korea’s oceans ministry estimates a two- to three-month delay in the shipping of some Korean goods that were to be transported by Hanjin Shipping, and plans to announce in September cargo-handling measures which could include Hyundai Merchant Marine taking over some routes, a ministry spokesman said on Wednesday.Making matters worse, Reuters adds that KDB’s move to pull the plug was already having an impact on Hanjin’s operations, with the company’s various shipping assets already frozen. Ports including those in Shanghai and Xiamen in China, Valencia, Spain, and Savannah in the U.S. state of Georgia had blocked access to Hanjin ships on concerns they would not be able to pay fees, a company spokeswoman told Reuters.Another vessel, the Hanjin Rome, was seized in Singapore late on Monday by a creditor, according to court information. “Now Hanjin must do everything it can to protect its clients’ cargoes and make sure they are not delayed to their destination, by filing injunctions to block seizures in all the countries where its ships are located,” said Bongiee Joh, managing director of the Korea Shipowners’ Association.Finally, while jarring Hanjin’s bankrtupcy was inevitable: shipping industry economics have deteriorated. Charter rates for medium-sized container ships have dropped from around $26,000 a day in 2010 to $13,000 per day now. Container rates from Shanghai to the U.S west coast have more than halved since then, from around $2,000 per 40-foot container in January 2010 to $596 per 40-foot box last week, data from the Shanghai Shipping Exchange shows.Shares in Hanjin Shipping have been suspended after plunging 24% on Tuesday.The global implications from the bankruptcy are unknown: if, as expected, the company’s ships remain “frozen” and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could be severe as a result of the worldwide logistics chaos. The good news is that both economists and corporations around the globe, both those impacted and others, will now have yet another excuse on which to blame the “unexpected” slowdown in both profits and economic growth in the third quarter.
Not a big Tebow fan but commend his faith and dedication.
Tim Tebow Plotting Comeback–on the Baseball Diamond
“I swear this is connected to the Investor visa program and it makes me wonder if they have training programs abroad in how to buy convenience stores in the US and rip off the dumb (infidel) Americans!
How much do you want to bet some of your $16 million left the country!”
French authorities rushed to blame it on “mental issues” (which has become the new pseudonym for “Muslim jihadist”) in another massive cover-up of Islamic violence aimed at …
This is not some conspiracy, tin foil hat non-sense folks. This is happening October 1st. -S
(click on above link title to be re-directed to source page)
This is not some conspiracy, tin foil hat non-sense folks. This is happening October 1st.
And despite Barney’s people telling us, it is “no big deal”, I can assure you, it is HUGE as it regards Free Speech
I will withhold further comments until October.
Stay Alert, Stay Armed and Say Dangerous!
DEARBORN –Ali Alsoweidi, 21, was arrested on July 27 on three counts of breaking and entering, after a female resident contacted police and claimed that she found him in her garage, where he allegedly revealed he had been stalking her.The incident occurred on the 6400 block of Coleman Street, in east Dearborn.The resident, a Caucasian female in her 40s, had come home shortly before midnight and parked her car inside her detached garage. She had secured all garage doors and entered her home.But moments later, her dogs began barking. From inside her home, she observed a bicycle leaning against her garage door. The pedestrian door for the garage was also wide open.The woman went to investigate the suspicious activity and discovered Alsoweidi, a Dearborn resident, sitting inside of her vehicle in the garage.She told police Alsoweidi attempted to trap her in the garage and had told her that he had been “observing her for a while.” He’d revealed that he had a fixation on her and even described clothing that she had recently worn.It remains unclear if he lives near her home. The woman had never seen Alsoweidi prior to the incident.She also claimed that he threatened to return and seek revenge on her if she contacted authorities.The woman was able to escape after he pushed her against her garage door opener. Once the garage door opened, the woman ran inside her home and called the police.Alsoweidi fled the scene on his bicycle. The woman provided a detailed description to police, who later found him a short distance away.Judge Mark Somers arraigned him in 19th District Court. His bond was set at $5,000, with a GPS tether.In a statement, Dearborn Police Chief Ron Haddad said the woman’s swift actions helped police catch him within moments after their encounter.“We are grateful that the victim took the initiative to contact the police immediately, which allowed us to quickly respond and investigate the matter,” Haddad said. “Due to the actions of the victim, the Dearborn Police were able to arrest the suspect quickly and remove a felon from the streets.”Alsoweidi waived his right to a preliminary exam and has been bound over to the Third Circuit Court. The Wayne County Prosecutor’s office charged him with breaking and entering with intent, entering with breaking, and breaking and entering a motor vehicle.An Iraqi-American, Alsoweidi graduated from Fordson High School.Since TheAANews broke the story, Alsoweidi’s family contacted us to deny the claims that he was stalking the victim.This wasn’t Alsoweidi’s first run-in with the law.Earlier that month, on July 3, he was arrested and charged with two counts–robbery, and breaking and entering a building with intent in Dearborn.On July 22, he had posted $1,000 bond and took a plea at the Third Circuit Court. He had been slated for a sentencing hearing on September 7.However, the new charges from the July 27 incident set that timeline off-course.A Disposition conference was held on August 25 to overview his charges.
Calls Trump “inclusive” — “He has a will to make things better”
“embarrassed the undeserved communities” —Jackson