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Contents contributed and discussions participated by Gene Ellis

Gene Ellis

Deepening divide over Elbe dredging | Germany | DW.COM | 19.12.2016 - 0 views

  • Deepening divide over Elbe dredging
  • The Marco Polo, for example, carries 16,000 containers and has a draft (the vertical distance between waterline and ship's keel) of 16 meters. Given present river depths and tides, such ships can only enter Hamburg at certain times and when not fully loaded.
  • Tidal range is a prime cause for erosion, which previous river dredging, as well as waves generated by passing ships, have exacerbated
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  • As the river deepens, more seawater from the North Sea flows at a faster rate towards Hamburg, bringing sediment that builds up on the riverbed. The Hamburg Port Authority dredges the river to counteract the build up, which cost taxpayers 120 million euros ($125 million) in 2015.
  • The two projects amount to an expensive redundancy, Siegert said, with the JadeWeserPort costing $1.6 billion and the Elbe project an additional $940 million. "This is the reason for our protest: They decided on the first port, and now they should coordinate traffic, so that the really large ships can go to Wilhelmshaven or, under certain restrictions, to Hamburg."
Gene Ellis

Africa losing billions from fraud and tax avoidance | Global development | The Guardian - 0 views

  • Africa losing billions from fraud and tax avoidance
  • Africa is losing more than $50bn (£33bn) every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax payments to some of the world’s poorest countries, impeding development projects and denying poor people access to crucial services.
  • African Union’s (AU) high-level panel on illicit financial flows and the UN economic commission for Africa (Uneca).
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  • In total, the continent lost about $850bn between 1970 and 2008, the report said. An estimated $217.7bn was illegally transferred out of Nigeria over that period, while Egypt lost $105.2bn and South Africa more than $81.8bn.
  • Nigeria’s crude oil exports, mineral production in the Democratic Republic of the Congo and South Africa, and timber sales from Liberia and Mozambique are all sectors where trade mispricing occurs.
  • The bulk of Africa’s illicit transfers originated from west Africa, where 38% of all funds leaving the continent were generated. Profit-making activities in north Africa accounted for 28% of the flows, while southern Africa, central Africa and eastern Africa each made up about 10%, the report showed.
Gene Ellis

The World According to China - The New York Times - 0 views

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    China's share of foreign investment, 2005-2013
Gene Ellis

Cuba for sale: 'Havana is now the big cake - and everyone is trying to get a slice' | C... - 0 views

  • Cuba for sale: ‘Havana is now the big cake – and everyone is trying to get a slice’
Gene Ellis

Tennessee Auto Industry - 0 views

  • AUTOMOTIVE INDUSTRY IN TENNESSEE
Gene Ellis

Q&A: a third way for Greece in the form of a parallel currency - FT.com - 0 views

  • June 15, 2015 2:00 pm DownloadQ&A: a third way for Greece in the form of a parallel currency
Gene Ellis

Finland's Problem Is The Same As Greece's; Neither Should Be In The Euro As Krugman Say... - 0 views

  • Finland's Problem Is The Same As Greece's; Neither Should Be In The Euro As Krugman Says
Gene Ellis

Gazprom, oil-link vs spot gas prices, and storage « The Barrel Blog - 0 views

  • Gazprom, oil-link vs spot gas prices, and storage
  •  
    Excellent article and comments 
Gene Ellis

Labor's Might Seen in Failure of Trade Deal as Unions Allied to Thwart It - NYTimes.com - 0 views

  • Labor’s Might Seen in Failure of Trade Deal as Unions Allied to Thwart It
Gene Ellis

The force assaulting the euro | The Economist - 0 views

  • The force assaulting the euro
  • The force assaulting the euro
Gene Ellis

http://www.sipri.org/media/website-photos/milex-media-backgrounder-2015 - 0 views

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    Military spending in Europe
Gene Ellis

Piles of Overseas Profits Investors Can See but Not Touch - NYTimes.com - 0 views

  • Piles of Overseas Profits Investors Can See but Not Touch
Gene Ellis

Perils in Trade Deals When Factories Close and Towns Struggle - NYTimes.com - 0 views

  • Perils in Trade Deals When Factories Close and Towns Struggle
Gene Ellis

How Two-Tier Union Contracts Became Labor's Undoing | The Nation - 0 views

  • How Two-Tier Union Contracts Became Labor's Undoing
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