Loses

Stung By Chip Shortage, VW Loses Production Of "Tens Of Thousands" Of Vehicles In China

Volkswagen has been the latest automaker to be hit hard by the semiconductor shortage that is sweeping its way through the auto industry.  The company has reportedly lost “tens of thousands” of vehicles in production in China as a result, according to Bloomberg.  VW’s China head, Stephan Wollenstein, commented Wednesday: “It was hurting us already in…

Ship Crossing Pacific Loses 750 Containers In The Ocean After Hitting Storm

Last December, we reported that an unlucky containership – the ultra-large ONE Apus – suffered a historic incident when it lost a record number of containers overboard as it sailed across the Pacific Ocean towards Long Beach after hitting severe weather; the ship lost some 1,816 container units, of which 64 are were Dangerous Goods…

Will 2021 Be The Year The World Loses Faith In The US Dollar?

Authored by Simon Black via SovereignMan.com, Nearly 186 years ago to the week on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt. Jackson was a staunch fiscal conservative. He despised banks, and, according to his biographer, he considered central…

“Don’t Panic” – Entire Nation Of Pakistan Loses Power In Massive Blackout

By Tyler Durden Top government officials in Pakistan are urging calm after the entire country was plunged into darkness on Saturday night due to a breakdown in the national power grid. “A countrywide blackout has been caused by a sudden plunge in the frequency in the power transmission system,” Pakistan’s Power Minister Omar Ayub Khan…

Zimbabwe Loses $1.5 Billion Annually To Gold Smuggling

A report published Tuesday by the International Crisis Group calculates that cash-strapped Zimbabwe is losing at least $1.5 billion a year through the smuggling of gold, mainly to traders in Dubai. The figure is higher than the government’s own estimates of $1.2 billion a year lost through the illicit gold trade, according to Bloomberg. “Estimates…

An Election Where (Almost) Everybody Loses?

Authored by Michael Snyder via The Economic Collapse blog, This election did not go the way that most people were anticipating.  For months, the mainstream media and many on the left insisted that the big national polls were right this time and that a Joe Biden landslide was coming.  Obviously, that did not happen.  On…