this should be the opening act for the retard rodeo...The latest in redneck entertainment, kinda like republican politics with Trump as the bull in the ring!
Bubble Bull Soccer | Who out there is trying to play as the ball instead of being the player for once?⚽ | By The18 | Facebook
Who out there is trying to play as the ball instead of being the player for once?⚽fb.watch
People in Europe are saving their money, energy prices are crazy, they are renovating and buying locally made wood and pellet stoves to get through an expected hard winter since Russia shut off the gas. I expect local and EU bans on wood burning to be temporarily lifted if it gets bad enough. Also perhaps people are not stick at home as much buying shit online, but out enjoying themselves after the pandemic. Inflation has also made money tight for many affecting demandShipping rates plunge as experts say 'unprecedented' boom has peaked
Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams.
Data from Freightos shows the cost to ship a 40-feet container from China to the U.S. West Coast is around $4,300, down almost 72% from mid-January.
In comparison, a container shipped from Asia to Europe costs around $7,800, 40% less than at the start of the year. The rate for both key routes still remains elevated from pre-pandemic levels.
“The unprecedented pandemic-led boom in freight rates has peaked,” Jonathan Roach, a container shipping analyst at London-based Braemar, wrote in a report this week.
“We're not expecting rates to surge next year. They're going to probably fall down towards pre-pandemic levels, maybe slightly higher for the additional levies [that] will be charged for cleaner shipping,” Roach told Yahoo Finance in a phone interview.
Roach said new ships will be deployed over the next two years, as shipping groups have “invested heavily” in container fleet growth after profits soared in recent years.
Freight rates from China to the U.S and Europe both rose north of $20,000 last September due to supply-chain disruptions, port backlogs, and a surge in cargo. Over the past two years, shippers have shifted cargo to the ports in the Atlantic and Gulf of Mexico in hopes of avoiding congestion that clogged West Coast ports. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels.
As shippers diverted freight to eastern ports, congestion moved along with it. Data from Flexport shows that vessels remain at anchor in New York, Savannah, Georgia, Houston, Texas, for more than a week.
And industry analysts and shipping companies predict shipping rates will continue to drop for the rest of the year and into 2023.
Some large importers like Walmart decided to take matters into their own hands over the last couple years, even chartering their own vessels instead of waiting for ocean carriers to have space in order to keep shelves stocked. Now, Walmart and other retailers are faced with bloated stockrooms and consumers pulling back from a two-year spending spree as inflation bites.
Deutsche Bank’s Amit Mehrotra sent a note to clients back in August about the "sonic boom" of high inventories, writing: "Whether it's the wrong inventory or a pull forward of peak season... it still represents [shelves] that don't need to be restocked."
“The main driver [of lower prices] is a decrease in demand for ocean freight and what's driving the decrease in ocean freight is probably a number of things," Judah Levine, head of research at Freightos, told Yahoo Finance in a phone interview. "The number one thing might be inflation… people are spending less on more discretionary things."
“This really isn't peak season. This is kind of a non-peak season because everybody shipped beforehand,” Levine added.
In a speech this week, Federal Reserve Vice Chair Lael Brainard highlighted elevated inventory levels and profit margins from the boom in spending last year as potential positives in the central bank's fight to bring down inflation.
"Reductions in markups could also make an important contribution to reduced pricing pressures," Brainard said. "Last year's rapid demand growth in the face of supply constraints led to product shortages in some areas of the economy and high margins for many firms."
Shipping firms are no doubt on this list.
Shipping rates plunge as experts say 'unprecedented' boom has peaked
Shipping rates have fallen sharply this year as the pandemic-induced scramble for shipping and the resulting spike in costs has peaked, according to experts.news.yahoo.com
That is a good indicator that prices in general are going to start falling, which is good news for democrats.Shipping rates plunge as experts say 'unprecedented' boom has peaked
Ocean shipping rates on major trade routes have fallen by more than half since the beginning of this year, a potential sign of easing inflation pressures and alleviated supply chain logjams.
Data from Freightos shows the cost to ship a 40-feet container from China to the U.S. West Coast is around $4,300, down almost 72% from mid-January.
In comparison, a container shipped from Asia to Europe costs around $7,800, 40% less than at the start of the year. The rate for both key routes still remains elevated from pre-pandemic levels.
“The unprecedented pandemic-led boom in freight rates has peaked,” Jonathan Roach, a container shipping analyst at London-based Braemar, wrote in a report this week.
“We're not expecting rates to surge next year. They're going to probably fall down towards pre-pandemic levels, maybe slightly higher for the additional levies [that] will be charged for cleaner shipping,” Roach told Yahoo Finance in a phone interview.
Roach said new ships will be deployed over the next two years, as shipping groups have “invested heavily” in container fleet growth after profits soared in recent years.
Freight rates from China to the U.S and Europe both rose north of $20,000 last September due to supply-chain disruptions, port backlogs, and a surge in cargo. Over the past two years, shippers have shifted cargo to the ports in the Atlantic and Gulf of Mexico in hopes of avoiding congestion that clogged West Coast ports. The port of New York and New Jersey said it has seen rise of 34 percent in cargo volume compared to pre-pandemic levels.
As shippers diverted freight to eastern ports, congestion moved along with it. Data from Flexport shows that vessels remain at anchor in New York, Savannah, Georgia, Houston, Texas, for more than a week.
And industry analysts and shipping companies predict shipping rates will continue to drop for the rest of the year and into 2023.
Some large importers like Walmart decided to take matters into their own hands over the last couple years, even chartering their own vessels instead of waiting for ocean carriers to have space in order to keep shelves stocked. Now, Walmart and other retailers are faced with bloated stockrooms and consumers pulling back from a two-year spending spree as inflation bites.
Deutsche Bank’s Amit Mehrotra sent a note to clients back in August about the "sonic boom" of high inventories, writing: "Whether it's the wrong inventory or a pull forward of peak season... it still represents [shelves] that don't need to be restocked."
“The main driver [of lower prices] is a decrease in demand for ocean freight and what's driving the decrease in ocean freight is probably a number of things," Judah Levine, head of research at Freightos, told Yahoo Finance in a phone interview. "The number one thing might be inflation… people are spending less on more discretionary things."
“This really isn't peak season. This is kind of a non-peak season because everybody shipped beforehand,” Levine added.
In a speech this week, Federal Reserve Vice Chair Lael Brainard highlighted elevated inventory levels and profit margins from the boom in spending last year as potential positives in the central bank's fight to bring down inflation.
"Reductions in markups could also make an important contribution to reduced pricing pressures," Brainard said. "Last year's rapid demand growth in the face of supply constraints led to product shortages in some areas of the economy and high margins for many firms."
Shipping firms are no doubt on this list.
Shipping rates plunge as experts say 'unprecedented' boom has peaked
Shipping rates have fallen sharply this year as the pandemic-induced scramble for shipping and the resulting spike in costs has peaked, according to experts.
Will Biden Look to Bypass Congress on Iran Nuclear Deal?
that last one made me laugh...wondering what they think matters without looking at the article...
I looked. It’s familiar crap.
I wallow through the muck so you do not have to.
Nope, you lose, i meant opiated as in the opiate of the masses. Nascar, beer, a gun to clean, while also maintaining a temperature just below boiling, which can be triggered by the proper phrases - grooming, socialism, CRT, BLM, ANTIFA, criticism of trump, talk of gun control...
sorry, i randomly think tangentially, and assume others will see my deviations for what they are
you’re good; I stepped in it unassisted.
Yeah, but my gut says that hard times like we have been through lead to consolidation which leads to less competition. And since we no longer enforce anti-trust rules...
I've been thinking the same thing. We need to level the playing field a little, and start cracking down on anti trust laws, and environmental laws, and workers rights...Big business has gotten a free ride, AND a get out of jail free card for FUCKING EVER. Time for them to start following the rules, and paying what the fuck they owe, if we have to jerk the motherfuckers up by the heels and shake it the fuck out of them.
thehill.com
that is disturbing and disheartening...i am far from a scholar, and i know this shit. that means at least half of the country is stupider and lazier than i am...Less than half of Americans can name all three branches of government, survey finds
Americans’ understanding of basic facts about the U.S. government declined for the first time in six years, as less than half in a new survey could name all three branches of government.
The Annenberg Public Policy Center’s annual Constitution Day Civics Survey found a significant drop in the percentage of Americans who could name all three branches of government – executive, legislative, and judicial – falling by nine percentage points from a year earlier.
About a quarter of Americans surveyed could not name a single branch.
The survey also found a decline in the number of respondents who could name any of the five freedoms guaranteed under the First Amendment.
Freedom of religion was named by 24 percent of those surveyed, falling from 56 percent from the previous survey. Those who named freedom of the press also declined sharply down by 30 percentage points from 50 percent in 2021.
Around 26 percent of respondents could not name any First Amendment freedoms. And the percentage of respondents who listed the right to bear arms – a right protected under the Second Amendment – as a First Amendment protection tripled from 2021 rising to 9 percent.
But respondents did exhibit significant knowledge in several areas, including some aspects of firearm ownership and search and seizure laws. More than 80 percent knew the Supreme Court upheld citizens’ rights to own a gun, while around 78 percent know that the Bill of Rights protects Americans from illegal searches and seizures.
Moreover, nearly three-quarters of respondents know the Constitution prevents the federal government from establishing an official religion – a percentage statistically similar to the previous year’s survey.
“When it comes to civics, knowledge is power,” Kathleen Hall Jamieson, director of the Annenberg Public Policy Center of the University of Pennsylvania, said in a media release.
“It’s troubling that so few know what rights we’re guaranteed by the First Amendment. We are unlikely to cherish, protect, and exercise rights if we don’t know that we have them.”
Fewer than half of Americans can name all three branches of government, survey finds
Story at a glance About a quarter of Americans surveyed could not name a single branch. The survey also found a decline in the number of respondents who could name any of the five freed…
that should disturb people.
www.thedrive.com
