Russia & Ukraine On Brink Of War

[According to this report, it looks like Ukraine drew first blood. Anybody have additional information? -Bob]

By Michael Snyder – Re-Blogged From Freedom Outpost

A respected foreign journalist living in Ukraine is warning that a war that most Americans cannot even imagine “teeters on the razor-thin edge of becoming real”.  When Russia opened fire on Ukrainian Navy vessels and captured three of their ships, it made headlines all over the globe.  An emergency meeting of the UN Security Council was hastily arranged for Monday at 11 AM, and hopefully, there will be a positive outcome from that meeting.  Because right now Moscow and Kiev are on the brink of war, and once a Russian invasion happens there will be no turning back.  At that point the U.S. would have a major decision to make, and if we chose to defend Ukraine that could mean that we would suddenly find ourselves fighting World War 3.

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New UN Shipping Rules to Boost Climate Change, Wipe 3% Off US GDP by 2020

By Eric Worrall – Re-Blogged From WUWT

The United Nations International Maritime Organisation is in the process of introducing new marine diesel standards which economists worry will have a serious negative impact on Climate Change and the US economy.

Sulphur-emissions rules for shipping will worsen global warming

The IMO’s rules could also wipe 3% off America’s GDP

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This Crazy 100-Year-Old Law Makes Almost Everything More Expensive

By George C Leef – Re-Blogged From The Foundation for Economic Education

It’s time to repeal the absurd, costly “Jones Act”

The 2016 presidential campaign so far has featured almost no discussion of downsizing the federal government. Americans would benefit enormously if we could get rid of costly old laws that interfere with freedom and prosperity, and future generations would benefit even more.

I keep hoping that someone will manage to put this question squarely to the candidates in either party: “What laws would you seek to repeal if you were the president?”

There are so many laws that ought to be repealed, including countless special interest statutes that benefit a tiny group while imposing costs on a vastly greater number of Americans. But if candidates need an idea of where to start, one such law is the Merchant Marine Act of 1920, also called the “Jones Act.”

The Act requires that all shipments between American ports to be done exclusively on American ships. As Daniel Pearson explains,

Its stated purpose was to maintain a strong U.S. merchant marine industry. Drafters of the legislation hoped that the merchant fleet would remain healthy and robust if all shipments from one U.S. port to another were required to be carried on U.S.-built and U.S.-flagged vessels.

The theory behind the law is musty, antiquated mercantilism — the notion that the nation will be stronger if we protect “our” industries against foreign competition.

Imagine how strong we would be if there had been a Jones Act for automobile transportation. Would Americans be better off today if the Detroit automakers had remained an oligopoly by keeping out all of those Hondas, BMWs, and Hyundais? Obviously not — yet this logic has handicapped US shipping for 96 years.

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Shipping Said To Have Ceased…Is The Worldwide Economy Grinding To A Halt?

B Jeff Berwick – Re-Blogged From http://www.Silver-Phoenix500.com

Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world.  He told me they had no ships at sea right now, because operating them meant running at a loss.

This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.

You can see one such report here.  According to it,

Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.

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