China vs. the US: shipbuilding, subsidies, and the Jones Act

Hypocrisy thrives where double standards prevail.

Earlier, I stupidly tweeted out an article about the Jones Act and shipbuilding and Colin Grabow, from the Cato Institute, liked it (he was quoted in the article). I looked him up and decided to listen to this video on the shipbuilding competition between China and the US, where he and a lawyer for United Steelworkers were on the panel. China is eating their lunch, and it’s the ruling elites’ own fault, yet they scapegoat China for it. The double standards over China’s “unfair economic practices” AKA the subsidizing of their shipbuilding industry irritates me (liars irritate me even more). States give subsidies, grants, and tax breaks to corporations, all the time. Fincantieri Marinette Marine is just one example, but Wisconsin had done the same for Foxconn. Foxconn received tax breaks and $3B in subsidies, which was “the largest ever subsidy provided by a state to a foreign company”, despite not living up to their promises.

Rumble

Colin Grabow wants to end the Jones Act. I’ve made at least three video clips regarding the Jones Act, two with Sal Mercogliano from What’s Going On With Shipping and one from the government-funded CSIS (I’ve posted them, below). Spoiler alert: Sal says that the problem isn’t the Jones Act. Meanwhile, both CSIS and the Cato Institute (part of the Atlas Network) blame the Jones Act. Deregulation is a wet dream of big corporations (which fund both the Cato Institute and CSIS).

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US Merchant Marine Sailors Were Target Of Houthi Attack + World War II Combat Tactics Return To The Red Sea

BREAKING Houthi military spokesperson Yahya Saree said the Iranian-backed militants fired a large number of ballistic and naval missiles and drones at a U.S. flagged ship manned by US Merchant Marine sailors who were “providing support” to Israel. No update yet from the head of the US Merchant Marine, DOT Secretary Pete Buttigieg.

US Merchant Marine Sailors Were Target Of Houthi Attack

H/T: What is Going on With Shipping?

Related:

Greyhound Day: World War II Combat Tactics Return To The Red Sea

What is clear is that the US military has repeatedly warned ship owners and officers against sharing information with journalists, Wall Street analysts, and supply chain experts. While journalists and supply chains may be under-reporting the issue, ship owners are sharing more alarming stories among themselves. This information asymmetry could lead to more ships avoiding the region, while freight forwarders, cargo brokers, and other professionals further down the supply chain may be unprepared for the full extent of the delays.

U.S. Sen. Baldwin: Delivers additional $9.3 million for Port Milwaukee

WASHINGTON, D.C. – Today, U.S. Senator Tammy Baldwin (D-WI) announced she helped deliver $9.3 million in U.S. Department of Transportation (DOT) funds to expand Port Milwaukee’s newly opened Agriculture Maritime Export Facility (AMEF). The funding will support Phase 2 of the AMEF project, constructing two grain storage silos, purchasing additional grain handling equipment, and acquiring new equipment to move products between storage and vessels. In April, Senator Baldwin called on DOT Secretary Pete Buttigieg to fund this project.

U.S. Sen. Baldwin: Delivers additional $9.3 million for Port Milwaukee

Investigation shows rail giant donated to Ohio governor a month before toxic crash

An investigation published Monday revealed that just weeks before a Norfolk Southern-owned train overloaded with hazardous materials derailed and caused a toxic chemical fire in East Palestine, Ohio, the rail giant donated $10,000—the maximum amount allowed—to help fund the inauguration of the state’s Republican Gov. Mike DeWine.

Investigation shows rail giant donated to Ohio governor a month before toxic crash