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Potential Dockworker Strike Could Unleash “Super Meltdown” At German Port Of Hamburg

Potential Dockworker Strike Could Unleash “Super Meltdown” At German Port Of Hamburg

Dozens of container ships are piling up outside Germany’s largest seaport by volume, known as the Port of Hamburg. It’s the third busiest port in Europe and the 15th largest globally and could be plunged into chaos next week as dockworkers may strike.

German newspaper Die Welt reports congestion at Hamburg is worsening, and container ships have to wait two weeks before entering the port.

“The waiting times are unsatisfactory,” a spokesman for shipping company Hapag-Lloyd said, referring to Hamburg. 

Hamburger Hafen und Logistik AG (HHLA), a top European port and transport logistics company, said the reason for increasing congestion is a slowdown in the processing of containers, especially imports from the Far East not being transported fast enough by truck and train.

Besides congestion, Kiel Institute for Economic Research estimates that around 2% of the global container load is stuck at the port. There are also mounting concerns dockworkers could be ready to strike.

“There could be additional problems from next Tuesday. Many reckon that dockers could then go on strike in order to increase the pressure on the ongoing wage negotiations. The next round of negotiations is scheduled for June 10, but the peace obligation has already expired,” Die Welt said. 

According to the Verdi services union, the strike could begin next Tuesday. The last time strikes hit Hamburg was in the late 1970s, a period when the world suffered from disastrous stagflation, similar to the economic climate today.

A shipowner told the German newspaper Hamburger Abendblatt: “If it comes to that, we’ll have a super meltdown in Hamburg.”

The timing of the proposed strike by dockworkers comes as consumer prices in Europe’s largest economy surged 8.7% YoY last month (the highest since the start of the monthly statistics in 1963).

…click on the above link to read the rest of the article…

Largest California Refinery Hit With Strike Amid Record-High Gas Prices

Largest California Refinery Hit With Strike Amid Record-High Gas Prices

Hundreds of Chevron Corp. refinery workers in the San Francisco Bay Area went on strike Monday following a breakdown in talks between the oil major and the United Steelworkers (USW) union on a contract agreement.

At least 500 workers at a gasoline, diesel, jet fuel, and lubricating oils refinery owned by Chevron in the San Francisco Bay Area city of Richmond began striking at local time 12.01 am, the union said in a statement. According to AP News, this followed USW workers voting down a contract offer from Chevron and the company refusing to return to the bargaining table.

The strike’s timing is “very unfortunate” as refinery capacity in California is tight, Severin Borenstein, a UC Berkeley professor, told local news KTVU.

Chevron announced in a statement the strike has yet to affect operational capacity at the refinery.

“Chevron Richmond is fully prepared to continue normal operations to safely and reliably provide the products that consumers need. We anticipate no issues in maintaining a reliable supply of products to the market. Chevron remains committed to safe operations for our workers and communities.”

The heart of the problem is USW’s push to increase pay for workers by another 5%, on top of the national agreement to raise pay by 12%, purely based on the cost of living in the Bay Area is unbearable for blue-collar workers.

“The cost of living in the Bay Area, as any blue-collar worker knows, has gotten to the point that makes it hard to live,” USW Local 5 First Vice President B.K. White, told local news ABC7. “Our workers have to live 45 minutes to an hour out. We are just asking for a little bit of relief.”

…click on the above link to read the rest of the article…

From Bad To Worse: Another French Nuclear Reactor Cuts Output Due To Strike

From Bad To Worse: Another French Nuclear Reactor Cuts Output Due To Strike

France’s energy crisis worsened overnight when another nuclear power plant had to reduce electricity output. Power prices jumped as the government requested one of the largest utility companies to restart more nuclear reactors amid cold weather.

Following last week’s shuttering of two nuclear power plants by Électricité de France S.A., commonly known as EDF, a French electric utility company primarily owned by the state, after safety inspections found cracks in at least one nuclear reactor, another one was closed Monday due to a worker strike.

EDF said an unplanned outage at the Bugey Nuclear Power Plant in eastern France was due to a strike. Output at reactor four was cut from 800 megawatts to 180 megawatts.

France’s grid remains under pressure due to the recent nuclear power plant loss. The day-ahead power price rose to the highest level since 2009 on Sunday and was priced even higher on Monday.

European natural gas climbed above 143 euros.

At least 25% of the EDF’s 56 atomic reactors are offline for maintenance. For some context, this is highly unusual for this time of year, considering the Northern Hemisphere winter is about to begin. A cold spell has sent much of the country into a deep freeze as power demand soars.

Like everywhere else in Europe, the power crisis in France has worsened Monday as power prices from France to Germany are at elevated levels.

German power prices hit a record on Monday.

France’s Ecology Minister Barbara Pompili has called on EDF to restart some nuclear power plants to avoid blackouts.

“I asked that EDF employees work to reopen them earlier in order face any possible shortages,” Pompili said.

Temperatures are forecasted to hover around zero degrees Celsius in several European countries this week as the power crisis across Europe worsens.

Truckers Prepare For MASSIVE Strike To Protest Biden

It’s called “Stop the Tires,” and it’s not the first time American truckers have chosen to stand up against Joe Biden.

As news spreads about the fishy manner in which the pop media prematurely called Joe Biden “President Elect”, thousands of independent truckers, their loved-ones, and their friends, are ready to take action.

From November 26th through the 29th, they will park their trucks, and deliveries will stop – a dramatic way to show their precarious position in a field that had been mauled by Biden and Obama prior to Donald Trump offering some relief, and which sees dark times ahead, based on Biden’s announced plans.

The official Facebook page for the protest is exploding, growing to over 51,000 members in just over 36 hours, and TikTok is seeing thousands viewing the expanding number of testimonials from indie truckers explaining why they are standing up against Biden, his previous legislative malfeasance, and his plans.

As posted on the page (which can be read here if one does not want to join the Facebook group), the official Stop the Tires announcement of intent says, in part:

We will not participate in the leftist, Biden/Harris Green New Deal. We do not support the banning of fracking. The United States of America operates as a capitalistic economy and OIL is the fuel she survives on.

They plan on initiating action today, Veterans Day, and really flexing their might starting on November 26, holding solid through the 29th.

We will STOP ALL TIRES for 24 hours on Veterans Day 11/11/20. If this is not effective and our leaders do not respect that blue-collar truck drivers are having to face domestic terrorism, primarily in democrat run cities all over the United States, and that we do not support the banning of fracking in any way, then we will have our second STOP OF TIRES for FOUR full days 11/26/20-11/29/20.

…click on the above link to read the rest of the article…

A Workers’ Struggle in India to ‘Make the Land Proud’ as Global Unrest Spreads

Struggles That Make the Land Proud: The Second Newsletter (2019)

Over two days—Jan. 8 and 9—more than 160 million workers went on strike in India. This has been one of the largest general strikes in the world. The workers, exhausted by almost three decades of neoliberal policies and by the attack on their rights, came onto the streets to make their case for better livelihoods and workplace democracy. Blockades on train tracks and on national highways closed down sections of the country.

In Bengaluru, information technology workers joined the strike. In Himachal Pradesh workers gathered to demand an end to precarious employment in government service. Workers from a broad range of sectors, from manufacturing to health care, joined the strike. There has been no response from the government. Please read my report on the strike.

My report is written from Kerala, where almost the entire workforce went on strike. This strike comes after the powerful Women’s Wall that was built on Jan. 1. For a fuller sense of what brought 5.5 million women to form a wall along Kerala, see my report. The title for this newsletter comes from a well-known poem by the late radical poet Vayalar Ramavarma (1928-1975). When workers struggle, Vayalar wrote, “isn’t it something to make the land proud?”

Morocco, Sudan, Nigeria and Los Angeles

This two-day strike comes as workers around the world greeted 2019 with a wave of demonstrations—from the “month of anger” launched in Morocco by trade unions, to the protests in Sudan over rising prices; from teachers’ strike in Los Angeles, to the potential general strike in Nigeria over wages. An International Trade Union Confederation report from last year showed that ‘More countries are excluding workers from labour laws’ – 65% of countries, at last count, excluding migrant workers and public sector employees and others from the rights afforded to them. There is every indication that the attack on workers’ rights and workplace democracy will continue despite the unrest amongst workers.

…click on the above link to read the rest of the article…

India Just Staged The Biggest Strike In History As 200 Million Workers Took To The Streets

In what may be the largest worker strike in history, last week India came to a halt for two days when at least 200 million workers – about 16% of India’s 1.25 billion population – in the country’s public, services, communications and agriculture sectors staged a strike across the country organized by ten labor unions against what they called the anti-national and anti-worker policies of the BJP-led government, and against a new labor law that would undermine the rights of workers and unions.

The strike is a protest against new legislation that passed on 2 January, and is a de facto verdict on Prime Minister Narendra Modi providing an opportunity for millions of workers to protest against high prices and high levels of unemployment, something we touched upon in “The Indian Railway System Announced 63,000 Job Openings… 19 Million People Applied.

John Dayal, general secretary of the All India Christian Council, told AsiaNews that the event was exceptional, “one of the largest ever organised in the country, planned in advance in every detail.” In his view, the most important thing is that it “is taking place on the eve of general elections that will mark the fate of the prime minister”.

While the massive strike took place in an overall context of calm, there were numerous incidents confirming that social anger in the world’s second most populous nation is also approaching a breaking point: protesters blocked several cities, clashes broke out and damage were reported; a 57-year-old woman died in in Mundagod, a city in northern Karnataka, during a local protest. In Maharashtra more than 5,000 workers blocked the Mumbai-Baroda-Jaipur-Delhi highway. In Puducherry (Pondicherry), on the east coast, protesters hurled stones at a Tamil Nadu state bus.  Transport services closed and rail services were disrupted in Kerala. In Odisha (Orissa), shops, schools, offices and markets shut down for 48 hours. In West Bengal, protesters burnt effigies of Prime Minister Modi.

…click on the above link to read the rest of the article…

European Gas Stations Out of Diesel: French Refinery Strike Deepens Crisis 

Diesel is in short supply in Europe. The situation is about to worsen as the biggest French refinery is shutting down.

Bloomberg reports Europe’s Diesel Woes Deepen as Strike Halts French Oil Refinery.

Total SA, France’s biggest refiner, is in the process of shutting its largest plant in the country, the 247,000-barrel-a-day Gonfreville facility in Normandy, due to a labor dispute, a spokeswoman for the company said on Tuesday. A few hundred miles away, in the Netherlands, retail fuel stations are running out of supplies because of shipping constraints on the Rhine, according to Royal Dutch Shell Plc.

Shell said Nov. 20 that it cut production at its Rheinland refining site, the biggest complex of its kind in Germany, due to low water levels on the Rhine. In a tweet on Tuesday, the company said that it was temporarily unable to supply some unmanned fuel stations in the Netherlands.

Gas stations in Germany had already been running dry due to the situation on the Rhine, a major petroleum product transportation corridor that runs northwest from the Swiss Alps all the way to the Netherlands. Switzerland released emergency fuel stockpiles because of the situation on the river.

The premium per barrel of diesel over Brent crude – another indicator of market strength – was at $15.96 on Tuesday, the highest for the time of year in six years.

Diesel Price Poised to Soar

This shutdown cannot possibly come at a worse time for French President Emmanuel Macron.

Macron is already reeling over a protest of his diesel tax.

Diesel Tax Turns Violent

​People from across France went to Paris to let the president know how they feel about the taxes in general and the tax on diesel. The [Diesel Tax Protests](Diesel Protests in France Turn Violent) then turned violent.

…click on the above link to read the rest of the article…

As The World Rolls Over

As The World Rolls Over

Brutal news is pouring in from pretty much everywhere.

US retail sales are flat and wholesale prices are falling. Big retail chains are missing on earnings and seeing their shares plunge.

Chinese nonperforming loans are soaring while imports, car sales and steel production are way down.

Oil is flirting with multi-year lows as tankers wander the ocean with nowhere to offload their crude. Other commodities like aluminum and copper are back at 2009 levels and still falling.

A general strike has paralyzed Greece and a far-left coalition is taking power in Portugal. Middle Eastern refugees keep pouring into Europe and no one seems to know where to put them. Eurozone growth is sliding back towards zero and the once-bulletproof Scandinavian countries are now the “sick men” of the region.

Argentine inflation is 35%, Brazil’s political/economic crisis is threatening to topple the government, and a giant copper mine just dumped millions of gallons of toxic sludge on some Brazilian villages.

Equities in Asia, Europe and the US are getting whacked as the sheer volume of bad news swamps the hope that European and Chinese QE programs will keep the asset price party going.

The world, in short, is rolling over. Debt monetization on the scale so far attempted has failed to stop the implosion of tens of trillions of dollars of bad paper, growth has stalled and geopolitics has begun to resemble the parking lot of a British soccer match, with scary people doing random, incomprehensibly violent things and no generally recognized authority able to impose control. Elections are now fearful rather than hopeful prospects and anti-status quo parties in France, Britain, Italy and Spain have become serious contenders.

And none of this is a surprise. It’s just what you get when you put monetary printing presses in the hands of governments and/or big banks.

…click on the above link to read the rest of the article…

“Catastrophic Shutdown Of America’s Supply Chain Looms” As West Coast Port Worker Talks Break Down

“Catastrophic Shutdown Of America’s Supply Chain Looms” As West Coast Port Worker Talks Break Down

For those who have been following the recent ISM reports, one of the recurring concerns of respondents in both the manufacturing and service sector has been the congestion at West Coast Ports – which handled 43.5% of containerized cargo in the U.S and where transiting cargo accounted for 12.5% of US GDP – as a result of reduced work output by the local unions who have been more focused in recent weeks on ongoing wage hike negotiations.

And according to the latest update from the 29 west coast ports that serve as the entry point of the bulk of Asia/Pac trade into and out of the US, things are about to get far worse for America’s manufacturing base, because as RILA reported earlier, talks between the Pacific Maritime Association (PMA) representing port management, and the International Longshore and Warehouse Union (ILWU) officially broke down on Wednesday, and without an agreement, experts have suggested that nearly 30 west coast ports could be shut down within a week.

As RILA reports, “a work slowdown during contract negotiations over the past seven months has already created logistic nightmares for American exporters, manufacturers and retailers dependent on an efficient supply chain. A complete shutdown would be catastrophic, with hundreds of thousands of jobs at risk if America’s supply chain grinds to a halt.”

…click on the above link to read the rest of the article…

 

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