Subsidies Corrupt Economies, China, A Cautionary Tale | ZeroHedge

Authored by Bruce Wilds via the Advancing Time blog,

China's economy is in trouble. After seeing a video claiming much of China's Electric Vehicle industry was built on subsidies that are now gone, I'm forced to ponder the legacy of these policies. It showed a factory in Chongqing, China, where a huge number of clean energy vans sit abandoned, covered in a thick layer of dust. This rendered their original appearances unrecognizable. Recently, aerial footage has also surfaced (more…)

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Hurricane Season Could Pummel American Supply Chains | ZeroHedge

By Craig Fuller of FreightWaves

No one wants a hurricane to make landfall. Among nature’s most damaging events, hurricanes that hit land in the United States usually cause death, destruction and misery. They can also cause havoc to supply chains. 

In 2005, Hurricane Katrina was a 100,000-truckload event, requiring one of the largest relief and recovery supply deployments in U.S. history. In 2017, Hurricane Harvey prompted one of the greatest truck capacity crunches in recent history.  (more…)

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The G18: When Neither China Nor Russia Show Up | ZeroHedge

By Peter Tchir of Academy Securities

Maybe it is the new math, but is it really the G20 when neither China nor Russia show up?

I’m not sure anyone really expected Russia to show up. Leaving the borders of Russia is not the best thing that Putin could do for his own safety or security. The fact that China (Xi) did not attend is more interesting. I haven’t seen an official statement as to why he did not attend, but I have read that the reasons could include anything from (more…)

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