Tony sez, "These haunting images of the gigantic 'ghost fleet' of ships parked off the coast of Singapore are one more gripping visualization of the economic state of affairs the world over."
Here, on a sleepy stretch of shoreline at the far end of Asia, is surely the biggest and most secretive gathering of ships in maritime history. Their numbers are equivalent to the entire British and American navies combined; their tonnage is far greater. Container ships, bulk carriers, oil tankers - all should be steaming fully laden between China, Britain, Europe and the US, stocking camera shops, PC Worlds and Argos depots ahead of the retail pandemonium of 2009. But their water has been stolen.
They are a powerful and tangible representation of the hurricanes that have been wrought by the global economic crisis; an iron curtain drawn along the coastline of the southern edge of Malaysia's rural Johor state, 50 miles east of Singapore harbour.
Revealed: The ghost fleet of the recession
Trump's trade war has reduced the world's net worth by $2 trillion ($1.5 trillion of which came off the balance sheets of the 1%), with losses most deeply felt in China and Europe; North and South Americans took smaller losses, while the Middle East actually made gains: the richest Saudis have grown 7% richer during […]
Every day, the world's poorest countries lose $3b in tax revenues as multinationals sluice their profits through their national boundaries in order to avoid taxes in rich countries, and then sluice the money out again, purged of tax obligations thanks to their exploitation of tax loopholes in poor nations.
Lavie Tidhar (previously) writes in about the new World SF bundle from Storybundle, launched today: it's 10 books, from authors Nalo Hopkinson, Lauren Beukes, Saad Z. Hossain, Deji Bryce Olukotun,Jeannette Ng, Francesco Verso and TOBI Hirotaka, plus anthologies Afro SF 3 and The Apex Book of World SF 5. It's just $15 for 10 books, […]
There’s no shortage of stories about the benefits of cannabidiol, that benign (and non-psychoactive) cousin of THC. Some have been using it for years to deal with pain, stress, and sleeplessness. And the more people use it, the more discussion there is about how to use it. While there’s no shortage of quality edibles on […]
Are we done with capsule coffee makers yet? Sure, they’re easy. But they are not so easy on the environment, and it’s debatable whether they actually make a better cup. Luckily, there’s never been a better time to switch back to the good old reliable drip method – especially when drip coffeemakers have quietly been […]
If there’s one thing that stayed consistent through the last decade or so of tech industry turmoil, it’s the love affair between techies and Linux. There’s just a ton you can do with the OS, and its open-source format means you can customize your rig from the ground up. Apparently not content with that level […]