ENERGY COLLAPSE: Australian government asks residents to turn off lights to avert power blackouts

As the country enters its mildly cold winter season, Australia is resorting to telling its residents to turn off the heat in order to prevent rolling blackouts amid an “ongoing energy crunch.” Australian energy minister Chris Bowen has asked residents of Sydney and New South Wales to turn off the lights and any other “energy-intensive appliances” they … Continue reading ENERGY COLLAPSE: Australian government asks residents to turn off lights to avert power blackouts

US faces shortages of various major consumer goods like chicken, gas, lumber and microchips in post-pandemic economy

As America and the rest of the world continues to resume normal operations after the coronavirus (COVID-19) pandemic, businesses across the country struggle to acquire major consumer goods like chicken, lumber and microchips. The pandemic also resulted in countless reports of shortages across the supply chain, from shipping, demand, supply and other levels of the global economy. Food supplies: … Continue reading US faces shortages of various major consumer goods like chicken, gas, lumber and microchips in post-pandemic economy

Supply shortages aren’t unintentional – they’re actually planned

Supply chains around the world have been facing shortages in recent months due to several factors. However, book author and blogger Charles Hugh Smith argues that the shortages are actually intended to increase the profits of global companies. He adds that the shortages are designed to prevent potential competitors from entering the market and undermining revenue streams. Smith notes in … Continue reading Supply shortages aren’t unintentional – they’re actually planned

West Coast ports logjammed with about container 60 ships still waiting to dock; supply lines continue to suffer disruptions

Ports in the U.S.’s West Coast report record congestion, with a satellite image showing more than 60 ships waiting to dock. A sudden surge in American purchases ahead of the holidays alongside a massive backlog is responsible for this congestion. Labor shortages at the ports of Los Angeles and Long Beach also worsen the situation. A satellite … Continue reading West Coast ports logjammed with about container 60 ships still waiting to dock; supply lines continue to suffer disruptions