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‘Big Short’ investor Michael Burry ramps up his bet against Tesla – and reveals a new wager against Cathie Wood’s Ark Invest

Upgrades for Chinese military airbases facing Taiwan hint at war plans
Satellite images show work began last year to expand and reinforce three PLA air force bases in Fujian province
The improvements will give air combat support but also strengthen defences against potential strike from Taiwanese forces

Satellite images show China has upgraded military bases facing Taiwan in latest hint at invasion plans
Three bases on China’s southeastern coast have been upgraded or reinforced
Improvements include new storage bunkers, expanded apron and buildings
The upgrades come amid heightened tensions between China and Taiwan
Earlier this month, China flew a record number of sorties into Taiwan’s air defence identification zone

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Container ships now piling up at anchorages off China’s ports
Ships follow the money
A major driver of congestion on both sides of the Pacific Ocean: Landside capacity (terminals, trucking, rail, warehousing) is limited, but the vessel capacity of a single ocean trade lane is highly flexible.

While the number of ships in the world is finite, operators can shift ships to wherever they make the most money. And the trans-Pacific is now a particularly lucrative trade: Spot rates including premiums can top $20,000 per forty-foot equivalent unit (FEU).

“These assets [ships] are super-mobile,” said Sundboell. “What’s happening now is the opposite of what dogged the industry for the past 20 years. Five years ago, people were asking: How can the trans-Pacific rate drop from $2,000 to $1,500 [per FEU] in the space of just six days? It was because you could take a vessel from one place and sail it someplace else, and suddenly there were more ships and a price war and rates dropped.

“Now we’re seeing the opposite,” he said. As ship operators pile more capacity into the trans-Pacific, congestion rises, delays mount, the incentive for shippers to pay premiums is supported, and all-in rates remain at record highs.

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She smuggled documents and floppy disks out at first, but later discovered that "there were two copies of everything."

Trump files $100 million suit against niece

The lawsuit alleges that the newspaper convinced Mary Trump to "smuggle records out of her attorney’s office and turn them over to The Times," which was in breach of a confidentiality agreement.

Generally, a party may publicly disseminate materials produced during discovery so long as there is no protective order directing otherwise.

The suit says that Mary Trump only became privy to the alleged scheme when The New York Times published an investigative article about President Trump’s finances in October, 2018.

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Author: H. A. Goodman

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