SASN Administrator's Posts (7)

Elizabeth Findell | Wall Street Journal | Source URL

Escalating his feud with Austin city leaders over how to address the Texas capital’s problem of homelessness, Gov. Greg Abbott is planning to begin housing homeless people on state land.

The announcement comes just days after state officials began clearing people out from underpasses (Link) Monday, a move taken in opposition to the policy the city council adopted this summer allowing camping in public, which raised the visibility of the city's homeless population (Link).

Mr. Abbott’s office said Thursday that it will begin allowing people to camp on a 5-acre plot of state-owned land in southeastern Austin. The property will have portable restrooms, hand-washing stations and an agreement from local charities to service meals there, said John Wittman, a spokesman for the Republican.

“This is the governor following through on his commitment,” Mr. Wittman said. “He said he would clean up downtown.”

Austin Mayor Steve Adler said he appreciated any assistance in responding to homelessness in Austin, but said the city’s efforts will remain on finding permanent housing for people. City staff members over the summer recommended against putting resources toward designated camps, saying they often end up becoming permanent and taking effort away from permanent solutions.

“Ultimately, we don’t want people camping anywhere,” Mr. Adler said.

Before Monday’s clearing out of the state-controlled underpasses, Mr. Abbott had for months threatened state intervention and encouraged constituents to tweet videos of homeless people behaving badly in Austin, signaling his displeasure with the city’s policies. Austin council members and advocates for the homeless criticized him for pushing people with nowhere else to go into hiding.

The plan announced Thursday provides a new option, Mr. Wittman said, though he emphasized it is a short-term solution.

Austin Chamber of Commerce representatives, meanwhile, announced a longer-term effort Thursday to address homelessness. The chamber said it is forming a coalition with faith-based partners to try to raise $14 million to build and operate one or more shelters that can hold about 150 bunk beds.

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Both new efforts could have political implications on an issue where Mr. Abbott and other Republican leaders have accused the liberal city government of failing in leadership. Conservative state leaders have in recent years railed against Texas’ left-leaning major cities, focusing legislative efforts on overturning local ordinances.

On homelessness, Mr. Abbott has found increasing support from some city residents who say they are frustrated with the growing impact of homeless people.

Austin’s debate mirrors others around the country. President Donald Trump has threatened federal action against California cities (Link) for their high homelessness numbers. In Las Vegas, an ordinance passed Wednesday evening to outlaw public camping—the opposite of what Austin did—drew opposition this week from Democratic presidential contenders including South Bend Mayor Pete Buttigieg and former San Antonio Mayor Julián Castro.

 

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Darren Boyle | The Daily Mail | Source URL

Technology giants Google, Apple and Facebook have been accused of facilitating an online slavery market. 

An undercover investigation by BBC News Arabic found smartphone apps in Kuwait where potential buyers can scroll through the details of thousands of women available for domestic service. 

The women can be 'bought' for as little as £3,000. 

UN special rapporteur on modern slavery Urmila Bhoola told the BBC: 'What they are doing is promoting an online slave market.

'If Google, Apple, Facebook or any other companies are hosting apps like these, they have to be held accountable.' 

The investigation found that one market operates on Instagram, which is owned by Facebook. It is reported that sales are conducted through private messages. 

The tech giants told the BBC they are working with app developers to stop the illegal activity. 

They also suggest selling people online is against their terms and conditions. 

However, the BBC sent a couple under cover claiming they were newly arrived in Kuwait and were seeking domestic servants. 

They visited one site where women were filtered by race - with some people worth more than others.  

One advert claimed an African worker was 'clean and smiley', while a second warned the Nepalese person for sale 'dares to ask for a day off'. 

Some of the adverts are from people looking to sell their own domestic staff. 

Even one police officer was trying to sell his domestic worker who he described as 'very nice' and with a 'smiley face' and never complains. 

The officer claimed it was possible to buy a maid and sell her on for a profit. 

Although he warned that you should keep your maid's passport. 

The BBC team even received the opportunity to buy a 16-year-old girl who had been trafficked in from Guinea, West Africa. 

The owner said the girl, was not allowed any time off and did not have any access to her passport or mobile phone.  

Nearly 25 million people worldwide are estimated to be victims of forced labour, while about 25,000 human trafficking cases were recorded globally in 2016 - marking a 13-year-high - according to the latest available data from two U.N. agencies. 

The number of informal workers globally is set to swell as low-skilled labourers lose out to automation and others take short-term jobs offered through digital platforms, say labour activists who warn of the increased risk of modern slavery.

Two billion people - more than 60 per cent of the world's workers - are in informal employment, where they are not covered by formal arrangements, such as a contract, or lack protections including sick pay, U.N. International Labour Organisation data shows.  

Across much of the Gulf, most domestic workers are supplied by agencies who initially register them with the applicable government. 

The agencies then supply the staff to families who sponsor the worker and pay a large fee. 

However, the maid cannot quit and is not allowed to leave the country without the permission of their employer. 

According to the BBC, the new online marketplaces are bypassing the traditional agencies and undermining the conditions of domestic staff. 

The informal online trading leaves the women at risk of abuse. 

The 16-year-old girl from Guinea was sent home by Kuwaiti authorities. She told the BBC: 'They used to shout at me and call me an animal. It hurt, it made me sad, but there was nothing I could do. 

'Even now, talking about it, I'm still happy. My life is better now. I feel like I'm coming back from slavery.' 

Kuwaiti authorities said they have rules to prevent exploitation and trafficking. 

 

 

Read more…

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The US military has doubled its spending on directed energy weapons over the past two years, and the investment is bearing fruit. Earlier this month, the Air Force successfully tested five prototype systems and is preparing to deploy at least two of them overseas by the end of 2020.

“We’ve seen a doubling of the [DOD] budget for DE from FY17 to FY19,” from $535 million to $1.1 billion, Mark Neice, executive director of the Directed Energy Professional Society, said Oct. 29 at the Association of Old Crows’ annual symposium. The funding is divided between the three military services and a number of program offices across the Defense Department, including the Missile Defense Agency, the DE Joint Transition Office, and the Defense Advanced Research Projects Agency.

Frank Peterkin, a directed energy-focused scientist and engineer within the Office of Naval Research, noted that fiscal 2019 marked the first time the Navy overtook the Air Force in defense appropriations for DE, $259 million to $235 million.

DE technology “has matured significantly in the last five years or so,” added Kelly Hammett, who runs the Directed Energy Directorate at the Air Force Research Laboratory. “Directed energy weapons are emerging in the battlespace for all three services. You’re going to see them in your battlespace, whether you like it or not. They may be aimed at you.”

Hammett said that during the week of Oct. 20 at Fort Sill, Okla., the Air Force conducted tests of five DE systems—four high-energy lasers and one high-power microwave—as counter-drone weapons. The tests were part of an ongoing directed energy effort run by AFRL’s Strategic Development Planning and Experimentation Office.

They were “knocking drones out of the sky. … It looked like a very successful exercise,” he said, adding that the organizers are preparing more detailed results for public release.

Laser weapons work by heating an object until it catches fire, melts, or explodes. The microwave weapons work differently, destroying or disabling the target’s electronics with a short burst of extremely high powered microwave radiation. Unlike a laser’s tight beam, the microwaves propagate in a cone shape, meaning it can engage many targets at once. This makes it ideal for defending against swarms of large numbers of drones.

The Air Force has publicly announced plans to buy two laser weapons and one microwave from Raytheon. The first high-energy laser weapon system was delivered this month, the company recently said. It is mounted on a small ATV and works with the company’s Multi-Spectral Targeting System.

The microwave weapon, which the company dubs Phaser, comes in a shipping container-sized box, is C-130 transportable, and can be deployed within a couple of hours.

A Raytheon spokeswoman told Air Force Magazine the company plans to deliver the $16.2 million Phaser later this year, for deployment at the beginning of 2020.

Both Phaser and a laser weapon will be deployed overseas to try downing drones, as Air Force Magazine reported earlier this year.

“We have made it through acceptance testing [in the continental US] for the first laser system,” Michael Jirjis, who oversees DE experimentation within SDPE, said in an Oct. 29 email. “It performed better than we expected, and [we] are currently packing everything up to be shipped out in the next month or two. The first microwave system is to go through acceptance testing next month and will follow suit (packed up and shipped).”

USAF officials declined to say where the systems will go, but last month’s drone attack on a Saudi oil installation—which was claimed by Yemen’s Houthi rebels but blamed on Iran by US and allied officials—highlights the dangers in the Arabian Gulf. Service leaders have pointed to instances of armed, small unmanned aircraft near US assets overseas, or those that they fear could surveil bases or get sucked up into larger aircraft.

But it’s not just the threat from low-cost drones operated by nonstate actors that’s stirred the recent growing interest in DE technology, according to Hammett.

“One of the reasons [for the] significant increase in funding ... is that our near-peer adversaries are acting,” he said. “They are moving forward in a whole bunch of technology areas, [including] directed energy, that are alarming.”

It wasn’t that the US was being overtaken on the technology front, he said, but rather that America’s adversaries were more willing to deploy emerging technology before it was mature.

“We still preserve in many areas … a research and development advantage [over them],” he concluded. “What we don’t have is the risk-accepting culture … that will take a minimum viable product and field it.”

Editor's note: This story has been updated to correct Michael Jirjis' role within SDPE and to remove an erroneous reference to the Phaser system.


Air Force Magazine | Source URL

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We Have No Reason to Believe 5G Is Safe

Scientific American |  Source URL

The technology is coming, but contrary to what some people say, there could be health risks

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The telecommunications industry and their experts have accused many scientists who have researched the effects of cell phone radiation of "fear mongering" over the advent of wireless technology's 5G. Since much of our research is publicly-funded, we believe it is our ethical responsibility to inform the public about what the peer-reviewed scientific literature tells us about the health risks from wireless radiation.

The chairman of the Federal Communications Commission (FCC) recently announced through a press release that the commission will soon reaffirm the radio frequency radiation (RFR) exposure limits that the FCC adopted in the late 1990s. These limits are based upon a behavioral change in rats exposed to microwave radiation and were designed to protect us from short-term heating risks due to RFR exposure.  

Yet, since the FCC adopted these limits based largely on research from the 1980s, the preponderance of peer-reviewed research, more than 500 studies, have found harmful biologic or health effects from exposure to RFR at intensities too low to cause significant heating.

Citing this large body of research, more than 240 scientists who have published peer-reviewed research on the biologic and health effects of nonionizing electromagnetic fields (EMF) signed the International EMF Scientist Appeal, which calls for stronger exposure limits. The appeal makes the following assertions:

“Numerous recent scientific publications have shown that EMF affects living organisms at levels well below most international and national guidelines. Effects include increased cancer risk, cellular stress, increase in harmful free radicals, genetic damages, structural and functional changes of the reproductive system, learning and memory deficits, neurological disorders, and negative impacts on general well-being in humans. Damage goes well beyond the human race, as there is growing evidence of harmful effects to both plant and animal life.”

The scientists who signed this appeal arguably constitute the majority of experts on the effects of nonionizing radiation. They have published more than 2,000 papers and letters on EMF in professional journals.

The FCC’s RFR exposure limits regulate the intensity of exposure, taking into account the frequency of the carrier waves, but ignore the signaling properties of the RFR. Along with the patterning and duration of exposures, certain characteristics of the signal (e.g., pulsing, polarization) increase the biologic and health impacts of the exposure. New exposure limits are needed which account for these differential effects. Moreover, these limits should be based on a biological effect, not a change in a laboratory rat’s behavior.

The World Health Organization's International Agency for Research on Cancer (IARC) classified RFR as "possibly carcinogenic to humans" in 2011. Last year, a $30 million study conducted by the U.S. National Toxicology Program (NTP) found “clear evidence” that two years of exposure to cell phone RFR increased cancer in male rats and damaged DNA in rats and mice of both sexes. The Ramazzini Institute in Italy replicated the key finding of the NTP using a different carrier frequency and much weaker exposure to cell phone radiation over the life of the rats.

Based upon the research published since 2011, including human and animal studies and mechanistic data, the IARC has recently prioritized RFR to be reviewed again in the next five years. Since many EMF scientists believe we now have sufficient evidence to consider RFR as either a probable or known human carcinogen, the IARC will likely upgrade the carcinogenic potential of RFR in the near future.

Nonetheless, without conducting a formal risk assessment or a systematic review of the research on RFR health effects, the FDA recently reaffirmed the FCC’s 1996 exposure limits in a letter to the FCC, stating that the agency had “concluded that no changes to the current standards are warranted at this time,” and that “NTP’s experimental findings should not be applied to human cell phone usage.” The letter stated that “the available scientific evidence to date does not support adverse health effects in humans due to exposures at or under the current limits.”

The latest cellular technology, 5G, will employ millimeter waves for the first time in addition to microwaves that have been in use for older cellular technologies, 2G through 4G. Given limited reach, 5G will require cell antennas every 100 to 200 meters, exposing many people to millimeter wave radiation. 5G also employs new technologies (e.g., active antennas capable of beam-forming; phased arrays; massive multiple inputs and outputs, known as massive MIMO) which pose unique challenges for measuring exposures.

Millimeter waves are mostly absorbed within a few millimeters of human skin and in the surface layers of the cornea. Short-term exposure can have adverse physiological effects in the peripheral nervous system, the immune system and the cardiovascular system. The research suggests that long-term exposure may pose health risks to the skin (e.g., melanoma), the eyes (e.g., ocular melanoma) and the testes (e.g., sterility).

Since 5G is a new technology, there is no research on health effects, so we are “flying blind” to quote a U.S. senator. However, we have considerable evidence about the harmful effects of 2G and 3G. Little is known the effects of exposure to 4G, a 10-year-old technology, because governments have been remiss in funding this research. Meanwhile, we are seeing increases in certain types of head and neck tumors in tumor registries, which may be at least partially attributable to the proliferation of cell phone radiation. These increases are consistent with results from case-control studies of tumor risk in heavy cell phone users.

5G will not replace 4G; it will accompany 4G for the near future and possibly over the long term. If there are synergistic effects from simultaneous exposures to multiple types of RFR, our overall risk of harm from RFR may increase substantially. Cancer is not the only risk as there is considerable evidence that RFR causes neurological disorders and reproductive harm, likely due to oxidative stress.

As a society, should we invest hundreds of billions of dollars deploying 5G, a cellular technology that requires the installation of 800,000 or more new cell antenna sites in the U.S. close to where we live, work and play?

Instead, we should support the recommendations of the 250 scientists and medical doctors who signed the 5G Appeal that calls for an immediate moratorium on the deployment of 5G and demand that our government fund the research needed to adopt biologically based exposure limits that protect our health and safety.

Read more…

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United Parcel Service Inc on Tuesday said it won the U.S. government’s first full approval to operate a drone airline, which gave it a lead in the nascent U.S. drone delivery business over rivals Amazon.com Inc and Alphabet Inc.

The Federal Aviation Administration (FAA) granted UPS’ Flight Forward drone subsidiary a Part 135 Standard certification on Friday. The company said the certificate allows it to expand its delivery service in campus settings such as hospitals and universities, but added that residential deliveries are years away.

The certification allows UPS pilots to fly drones beyond their line of sight and opens the door for the delivery company to expand Flight Forward. The fledgling unit is immediately doubling the number of drone flights it does for its flagship customer, Raleigh, North Carolina’s WakeMed Health & Hospitals.

“We’ll easily get to 20-plus flights per day, per drone,” said Scott Price, UPS’ chief strategy and transformation officer.

“It’s a business, it’s not a prototype or a test,” Price said of Flight Forward, which is paid to ferry blood and tissue samples to WakeMed’s central laboratory from points around its main hospital campus.

UPS said its latest certification clears the way for Flight Forward to add other campus delivery projects without seeking government approvals for each one.

“There are hundreds of campuses in the United States,” said Price, who added that UPS is eyeing drone deliveries on hospital, corporate and university campuses as it builds Flight Forward.

“This is a big step forward in safely integrating unmanned aircraft systems into our airspace,” U.S. Secretary of Transportation Elaine Chao said in a statement.

Under the new FAA approval, UPS Flight Forward pilots may now operate multiple drones under one certificate.

Earlier this year, Alphabet’s Wing, the sister unit of search engine Google, was the first company to get U.S. air carrier certification for a single-pilot drone operation. It is testing home deliveries in a rural area around Blacksburg, Virginia.

Amazon, known for its splashy drone delivery tests, also has won experimental certifications to test its drones.

The FAA is writing rules for drone operations, including guidelines for sharing airspace with passenger planes and flying over populated areas.

Residential deliveries, Price said, are “years out.”

https://www.thedailysheeple.com/ups-gets-government-approval-to-become-a-drone-airline/

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We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better anytime soon.  In fact, one expert is warning that “more damage” is coming if the trade war is not resolved; and, unfortunately, it does not appear that a resolution will be possible for the foreseeable future.

As I have been detailing for months, the entire global economy has been steadily slowing down, but some shocking new numbers that we just got indicate that our economic problems are really starting to accelerate.  So hold on to your hats, because it looks like things are about to get really crazy.  According to CNBC, September was the worst month for U.S. factories in more than a decade

The U.S. manufacturing purchasing managers’ index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. Any figure below 50% signals a contraction.

The new export orders index was only 41%, the lowest level since March 2009, down from the August reading of 43.3%, ISM data showed.

 

Those numbers are absolutely abysmal, and they were far worse than analysts were expecting.

Since December 2009, I have published more than 2,000 articles on The Economic Collapse Blog, and in all that time we have never seen manufacturing numbers this bad.

According to Peter Boockvar, the chief investment officer at Bleakley Advisory Group, we have “now tariffed our way into a manufacturing recession in the U.S. and globally”.  So those that have been waiting for a “manufacturing recession” to arrive can now stop waiting.  It is here, and it is going to be very painful.

All over America factories are starting to close down at an alarming pace.  This week, Louisiana Governor John Bel Edwards blamed the “sudden shutdown” of a steel plant in his state on the ongoing trade war

In Louisiana, meanwhile, Gov. John Bel Edwards on Tuesday blamed the sudden shutdown of a steel plant on tariffs. “While Bayou Steel has not given any specific reason for the closure, we know that this company, which uses recycled scrap metal that is largely imported, is particularly vulnerable to tariffs,” he said.

The closure of LaPlace, Louisiana-based of Bayou Steel will cost 376 employees their jobs.

All over the globe, manufacturing numbers are plunging at an alarming pace thanks to the trade war.  For a long time I warned my readers that the level of economic pain that this trade war would inflict upon all of us would steadily rise as long as this trade war persisted, and now the experts being quoted by the mainstream media are saying the exact same thing.  Here is just one example

“The manufacturing side is telling us something. It’s a combination of global growth and we’ve got a trade war that’s been going on for a year and a half,” said Christian Fromhertz, CEO of The Tribeca Trade Group. “That’s been freezing things up. The longer this trade war keeps going, the more damage it does.

Of course it isn’t just the U.S. that is being hit extremely hard.

Overall, we haven’t seen a slowdown in global trade like this since the last recession, and at this point container shipping rates are down a whopping 34 percent since the beginning of 2019…

Container shipping rates continue to move lower into the fourth quarter of 2019, according to FreightWaves. The drop in price comes as a result of the most recent round of tariffs discouraging U.S. importers from front loading orders. As a result, ocean carriers are looking to cut even more shipping capacity in hopes of meeting tepid demand into the back end of the year.

Spot rates on the Freightos Baltic Daily Index for China-North America West Coast were down 8% from last week, falling to $1,327 per forty-foot equivalent unit. Container rates are down 34% since the beginning of the year, despite the industry now being in peak season. 

For months, I have been sharing numbers that indicate that the entire global economy is heading into a recession.  But now the numbers are absolutely screaming that major trouble is imminent.

Winter is coming, and it will not be pleasant.

After the horrifying U.S. manufacturing numbers were released on Tuesday, U.S. stock prices immediately began falling, and the Dow ended the day down more than 340 points

The Dow Jones Industrial Average closed 343.79 points lower, or 1.3% at 26,573.04 after rallying more than 100 points earlier in the day. The S&P 500 slid 1.2% close at 2,940.25. The Nasdaq Composite was down 1.1% at 7,908.68.

Tuesday marked the worst one-day performance for the Dow and S&P 500 since Aug. 23.

Meanwhile, as is usually the case when economic doom erupts, the price of gold is soaring once again

Gloom for the economy is a boom for safe havens. A 10-year-low in a reading of U.S. manufacturing activity sent investors flocking back to the safety of gold on Tuesday, just after they let the yellow metal flounder to two-month lows.

U.S. gold futures for December delivery settled up $16.10, or 1%, at $1,489 per ounce on the Comex division of the New York Mercantile Exchange.

The threat of impeachment looms over Washington, and it could potentially unleash political chaos like we haven’t seen in the United States in decades.

And at the same time, the global economy is deteriorating to a degree that we have not seen since the last recession, and many believe that what is coming will be even worse than what we experienced a decade ago.

Dark storm clouds have gathered over America, and we stand on the precipice of one of the most critical moments in the history of our nation.

Unfortunately, most Americans are still dead asleep, and many of them have absolutely no idea what is about to happen.

https://www.activistpost.com/2019/10/a-u-s-economic-slowdown-has-been-confirmed-and-we-are-being-warned-that-more-damage-is-ahead.html

Read more…

We just witnessed the worst month for U.S. manufacturers in more than 10 years, and nobody seems optimistic that things are going to get much better anytime soon.  In fact, one expert is warning that “more damage” is coming if the trade war is not resolved; and, unfortunately, it does not appear that a resolution will be possible for the foreseeable future.

As I have been detailing for months, the entire global economy has been steadily slowing down, but some shocking new numbers that we just got indicate that our economic problems are really starting to accelerate.  So hold on to your hats, because it looks like things are about to get really crazy.  According to CNBC, September was the worst month for U.S. factories in more than a decade

The U.S. manufacturing purchasing managers’ index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. Any figure below 50% signals a contraction.

The new export orders index was only 41%, the lowest level since March 2009, down from the August reading of 43.3%, ISM data showed.

 

Those numbers are absolutely abysmal, and they were far worse than analysts were expecting.

Since December 2009, I have published more than 2,000 articles on The Economic Collapse Blog, and in all that time we have never seen manufacturing numbers this bad.

According to Peter Boockvar, the chief investment officer at Bleakley Advisory Group, we have “now tariffed our way into a manufacturing recession in the U.S. and globally”.  So those that have been waiting for a “manufacturing recession” to arrive can now stop waiting.  It is here, and it is going to be very painful.

All over America factories are starting to close down at an alarming pace.  This week, Louisiana Governor John Bel Edwards blamed the “sudden shutdown” of a steel plant in his state on the ongoing trade war

In Louisiana, meanwhile, Gov. John Bel Edwards on Tuesday blamed the sudden shutdown of a steel plant on tariffs. “While Bayou Steel has not given any specific reason for the closure, we know that this company, which uses recycled scrap metal that is largely imported, is particularly vulnerable to tariffs,” he said.

The closure of LaPlace, Louisiana-based of Bayou Steel will cost 376 employees their jobs.

All over the globe, manufacturing numbers are plunging at an alarming pace thanks to the trade war.  For a long time I warned my readers that the level of economic pain that this trade war would inflict upon all of us would steadily rise as long as this trade war persisted, and now the experts being quoted by the mainstream media are saying the exact same thing.  Here is just one example

“The manufacturing side is telling us something. It’s a combination of global growth and we’ve got a trade war that’s been going on for a year and a half,” said Christian Fromhertz, CEO of The Tribeca Trade Group. “That’s been freezing things up. The longer this trade war keeps going, the more damage it does.

Of course it isn’t just the U.S. that is being hit extremely hard.

Overall, we haven’t seen a slowdown in global trade like this since the last recession, and at this point container shipping rates are down a whopping 34 percent since the beginning of 2019…

Container shipping rates continue to move lower into the fourth quarter of 2019, according to FreightWaves. The drop in price comes as a result of the most recent round of tariffs discouraging U.S. importers from front loading orders. As a result, ocean carriers are looking to cut even more shipping capacity in hopes of meeting tepid demand into the back end of the year.

Spot rates on the Freightos Baltic Daily Index for China-North America West Coast were down 8% from last week, falling to $1,327 per forty-foot equivalent unit. Container rates are down 34% since the beginning of the year, despite the industry now being in peak season. 

For months, I have been sharing numbers that indicate that the entire global economy is heading into a recession.  But now the numbers are absolutely screaming that major trouble is imminent.

Winter is coming, and it will not be pleasant.

After the horrifying U.S. manufacturing numbers were released on Tuesday, U.S. stock prices immediately began falling, and the Dow ended the day down more than 340 points

The Dow Jones Industrial Average closed 343.79 points lower, or 1.3% at 26,573.04 after rallying more than 100 points earlier in the day. The S&P 500 slid 1.2% close at 2,940.25. The Nasdaq Composite was down 1.1% at 7,908.68.

Tuesday marked the worst one-day performance for the Dow and S&P 500 since Aug. 23.

Meanwhile, as is usually the case when economic doom erupts, the price of gold is soaring once again

Gloom for the economy is a boom for safe havens. A 10-year-low in a reading of U.S. manufacturing activity sent investors flocking back to the safety of gold on Tuesday, just after they let the yellow metal flounder to two-month lows.

U.S. gold futures for December delivery settled up $16.10, or 1%, at $1,489 per ounce on the Comex division of the New York Mercantile Exchange.

The threat of impeachment looms over Washington, and it could potentially unleash political chaos like we haven’t seen in the United States in decades.

And at the same time, the global economy is deteriorating to a degree that we have not seen since the last recession, and many believe that what is coming will be even worse than what we experienced a decade ago.

Dark storm clouds have gathered over America, and we stand on the precipice of one of the most critical moments in the history of our nation.

Unfortunately, most Americans are still dead asleep, and many of them have absolutely no idea what is about to happen.

https://www.activistpost.com/2019/10/a-u-s-economic-slowdown-has-been-confirmed-and-we-are-being-warned-that-more-damage-is-ahead.html

Read more…
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