PORTS OF LONG BEACH AND L.A. SHOULD BE WORRIED AND RIGHTLY SO
Not only does Southern California face a huge loss of shipping due to the completion in 2014 of widening the Panama Canal, but the long term effects of this recession has all but hammered the last nail into the coffin for the two largest ports in America. Unlike most gurus who have already proclaimed all [...]
AMERICAN UNEMPLOYMENT NUMBERS REACHING CLOSE TO 10%
It will be interesting to learn what the Obama administration start to tell us now six months into the year and we still see falling house prices, falling car sales and rising unemployment. To add to our woes, interest rates are starting to climb. Banks in less than a month are asking another point for [...]
MR OWENS CEO OF CATERPILLAR, TO HELL WITH YOU!
I hold Caterpillar as the Rolls Royce of earthmoving machinery and a great American corporation, but if I see that jerk CEO, James Owens pontificating how his and every other business that exports will suffer if we adhere to the current policy of the stimulus package involving buy America only. Once the greatest steel maker [...]
GOOD-BYE GLOBALIZATION, WELCOME BACK PROTECTIONISM
The experiment of globalization has been a failure. Not even the Third World nations who were huge beneficiaries of industrialization have seen their countries make huge improvements to their internal infrastructure where the lot of the masses enjoyed better living standards, education and healthcare. Look at what is happening to China. Millions of poor “undocumented” [...]
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