It Is We Who Are The Problem

The problem is we clamor to be oppressed...
Mish Shedlock quotes a Greek Student:
"I believe we should go bankrupt and get it over with. These measures are slowly killing us," said 22-year-old student Efi Koloverou. "We want competent people to take over."
I quote the Bible:  
⁶ But when they said, “Give us a king to lead us,” this displeased Samuel; so he prayed to the LORD. ⁷ And the LORD told him: “Listen to all that the people are saying to you; it is not you they have rejected, but they have rejected me as their king. ⁸ As they have done from the day I brought them up out of Egypt until this day, forsaking me and serving other gods, so they are doing to you. ⁹Now listen to them; but warn them solemnly and let them know what the king who will reign over them will claim as his rights.”


Scorcese quotes (NB, bad language...) the Mob:
http://www.youtube.com/watch?v=b8u5xQXHXsQ&feature=related

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Economic Outlook

Sean Corrigan pops up from time to time with an excellent prognosis, and I read him when I can.  He was a very reliable guide through the geneses of the dotcom and housing debacles.. and here is his current take.

One of his points is lower shipping volumes, and I note that the cross-pacific freight charge increases have been delayed.

To: All Valued Global Container Line Customers

From: Global Container Line and Global Transportation Services, Inc.
Re: PSS Postponement for WC/IPI (Effective July 15^th, 2011 as applied by carriers)

-------------------------------------------------------------------------------------------------------------------------------

Please be advised that we have been notified by our steamship partners of upcoming amendments to:

PEAK SEASON SURCHARGE                         

These amendments are due to changes in costs and current market conditions. 

______________________________________________________________________________________

PSS (Peak Season Surcharge)                     

Except as otherwise provided, Peak Season Surcharge (PSS) for cargo moving via the US west coast and IPI will be postponed till July 15^th, 2011.

From: China, Macau, Hong Kong, Taiwan, Korea, Philippines, Malaysia, Singapore, Indonesia, Japan, Thailand, India, Bangladesh, Sri Lanka, Brunei, Cambodia, Myanmar, Pakistan, Vietnam, United Arab Emirates, Turkey, Jordan, Qatar, Oman

To: United States

USWC/IPI

Per W/M, M, W                     $8.00                                     

Per 20 Ft. Container          $320.00                

Per 40 Ft. Container          $400.00                

Per 40 Ft. High Cube         $450.00                

Per 45 Ft. Container          $510.00

_____________________________________________________________________________________

Should you have any questions on the above, please do not hesitate to contact us. We will advise you, as soon as possible, if there are any changes to the above notification. We value your business and continued support.

Thank you.

Global Container Line

Global Transportation Services, Inc.

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