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T_i_B

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Member since: 2001
Number of posts: 14,499

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Similar-ish story for me....

My area is being rejoined with Bolsover under the proposals. In the short term, providing that Dennis Skinner's health holds up it would decrease the risk of me having a Tory MP at the next election.

In the long term however, the area is gentrifying and whilst Dennis Skinner is very popular locally, he is also a very old man who is not going to live forever. Labour still has a lot of work to do if it wants to keep control of the area where I live.

I'll be able to look at other areas at a later date.

If Liam Fox wants British business to export more....

.....then he will have to abandon the policy of leaving the EU as the EU single market is the thing that makes exporting goods easy.

I campaigned for "Stronger In" precisely because I want to keep things as easy as possible for British exporters, without foreign governments charging duties on British goods or excessive export paperwork.

Global Supply Chains Paralyzed After World's 7th Largest Container Shipper Files Bankruptcy

I hope that none of you have goods on a Hanjin vessel right now.

http://www.zerohedge.com/news/2016-08-31/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bank

The question now is whether as a result of the bankruptcy process there will be an unexpected failure in the global supply-chain: South Korea's oceans ministry estimates a two- to three-month delay in the shipping of some Korean goods that were to be transported by Hanjin Shipping, and plans to announce in September cargo-handling measures which could include Hyundai Merchant Marine taking over some routes, a ministry spokesman said on Wednesday.

Making matters worse, Reuters adds that KDB's move to pull the plug was already having an impact on Hanjin's operations, with the company's various shipping assets already frozen. Ports including those in Shanghai and Xiamen in China, Valencia, Spain, and Savannah in the U.S. state of Georgia had blocked access to Hanjin ships on concerns they would not be able to pay fees, a company spokeswoman told Reuters.

Another vessel, the Hanjin Rome, was seized in Singapore late on Monday by a creditor, according to court information. "Now Hanjin must do everything it can to protect its clients' cargoes and make sure they are not delayed to their destination, by filing injunctions to block seizures in all the countries where its ships are located," said Bongiee Joh, managing director of the Korea Shipowners' Association.


The global implications from the bankruptcy are unknown: if, as expected, the company's ships remain "frozen" and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could be severe as a result of the worldwide logistics chaos. The good news is that both economists and corporations around the globe, both those impacted and others, will now have yet another excuse on which to blame the "unexpected" slowdown in both profits and economic growth in the third quarter.
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