You know those Mexicans that hang out at Home Depot parking lots looking for work? That’s the picture in Singapore as 750 freighters are idling in the water waiting for jobs – with no work to be had. New York Times has the story:The problem is global shipping has collapsed.
The Big Picture
Real Unemployment Rate is 15 – 19.8% (Depending on who you believe)
Ignore the Propaganda – Real Unemployment Rate is 15-19.8% say experts […]
Newsmakers
International PBX Ventures Acquires Copper/Molybdenum Mineral Claims in Chile
Acquires Claims West of Its Copaquire Copper-Molybdenum-Rhenium Project […]
The Big Picture
Big Banks’ Recent “Profitability” due to AIG Scam?
Even Bernie Madoff would be impressed […]