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
My life-long work of performance art is to somehow maintain my original passport: notwithstanding the life and opportunities of a techno-nomad.
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.
If you ever dropped a quarter into a Space Invaders game, you’ve likely fantasized about having your own arcade cabinet in your house. Of course, you likely thought better of it for several reasons, including the idea that a giant cabinet dedicated to just one game isn’t very practical. Polycade understands the urge though very, […]
Most of us have a love-hate relationship with banks. Okay, it’s actually probably more like a tolerate-hate relationship. We understand their role in holding and securing our money so we don’t have to stuff it in a mattress somewhere. But we don’t trust the bank not to gouge us on fees whenever they can. And […]
If you’ve ever worked on a video project or engineered a podcast and thought you’d make your own sound effects… how’d that go for ya? We assume it was a bigger undertaking than you’d probably bargained for. From using stalks of celery to replicate breaking tree limbs to frying bacon to reproduce the sound of […]