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California supply chain crisis PMA and ILWU labor dispute
California Supply Chain Crisis Could Be Rooted in Union Labor Dispute
A major supply chain crisis that has left the California coast line littered with dozens of cargo ships as supply shortages plague North America may be rooted in a labor dispute over issues such as...
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Treasury Secretary Insists Inflation Under Control Following Twitter CEO’s ‘Hyperinflation’ Tweet
On Oct. 23, Twitter CEO Jack Dorsey said in a tweet that hyperinflation is “happening” and that it will change “everything.” Dorsey’s tweet highlighted the inflationary pressure facing America and his tweet quickly became a...
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China Evergrande Group Secures Extension On Defaulted Bond
China’s debt-ridden property developer Evergrande Group has managed to secure an extension on a defaulted bond. Evergrande has been granted a three-month plus extension on a $260 million bond after the company offered extra collateral....
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P&G Blames Supply Chain Clogs for Price Hike, Sells it as Good News for Stakeholders
Consumer products giant Procter & Gamble (P&G) announced another price hike on consumer goods, blaming supply chain congestion as the main culprit. While the change may be painful for households, shareholders will benefit, according to...
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North Carolina School Rations Utensils as Supply Chain Crisis Worsens
The U.S. is grappling with a supply chain crisis, which is affecting several aspects of society. Shipping containers are piling up at ports, businesses are worried about their bottom lines, and inflationary pressure is raising...
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Pfizer Calls the Shots When It Comes to Government Vaccine Contracts
Pharma giant Pfizer-BioNTech reportedly dictates the governmental vaccine deals it engages in. According to a consumer rights watchdog report, the company has the power to influence governments, supply chains, and consumers. The common theme of...
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Debt-Besieged Evergrande Wins Small Triumph With US$83-Million Bond Payment
With more than $300 billion in outstanding debt, the Chinese real estate giant is by no means out of the woods  Shenzhen-based Chinese real estate company Evergrande narrowly avoided a default on Oct. 21, making...
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Offshore Investors in Trouble as Evergrande Favoring Domestic Obligations
With liabilities of more than $300 billion, China’s Evergrande Group is the one of most indebted property developers in the world. Having failed to make payments on some of its debts, Evergrande is making offshore...
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The Silent Influence of the ‘China Model’ on US Economic Policy
Most analyses of the Chinese economy belong to one of two types: those that come from the venture capital industry and those created by think tanks. The venture capitalists are pessimistic about the Chinese economy’s...