This is what I'm watching Oil jumped on the news
Posted on 02/08/2011 9:25:40 AM PST by FromLori
And here we go:
Suez Canal Company workers from the cities of Suez, Port Said, and Ismailia began an open-ended sit in today. Disruptions to shipping movements, as well as disasterous econmic losses, are expected if the strike continues. Over 6000 protesters have agreed that they will not go home today once their shift is over and will continue their in front of the company's headquarters until their demands are met. They are protesting against poor wages and deteriorating health and working conditions.
(Excerpt) Read more at zerohedge.com ...
At least all they want is money.
Well, considering Mubarak just bribed civil servants with a 15% raise....
Obamanistas. Now if we could export the Unions and Liberalism to China....Actually all this is about forming the Arab Zone of the NWO to go with the Euro Zone.
I wonder if, heretofore, these workers complained of poor wages and conditions. If so, were these issues being considered by management at all or dismissed out of hand?
It just seems a strange coincidence for the discontent to start now.
Or are we trying not to waste a good crisis?
Mubarak just gave government workers a 15% bump in salary. How can you blame these guys for wanting a piece of the pie?
Luckily the canal is a fairly simple one as canals go. There are no locks; it’s all level seaway.
China has state run unions. It's one of the few countries where the Wal-Marts are unionized.
I didn't realize that. I wonder if tidal currents run through it.
When the U.S. brokered the peace accords between Egypt and Israel in 1976, one of the non-negotiable conditions for the U.S. was that Israel had to return the Sinai Peninsula (captured during the 1967 war) to Egypt. The reason for this was that the Suez Canal was seen as such a vital trade link for U.S. interests that the canal could no longer serve as the border between the two countries (or any two countries, for that matter). The only options would be for a large chunk of "mainland" Egypt to be handed over to Israel, or the Sinai to be given back to Egypt. The second option was obviously the most practical.
The Suez Canal has grown in importance over the years because many of the vessels used in Asia-U.S. trade are too large to fit through the Panama Canal, and because the Suez is a "flat" canal with no lock system to constrain its operations. The expansion of the Panama Canal that is scheduled for completion in the next few years will offset some of those advantages enjoyed by the Suez, but even with an expanded Panama Canal the Suez will still be a preferred route for ships transporting cargo to the East Coast of the U.S. from places like India, Malaysia and Indonesia.
This is what I'm watching Oil jumped on the news
Good thing we just did the same with the TSA here.....
Where is all the crowing about gas price increases?
Interesting... I didn't know that.
My head is spinning :)
Yes why is that we don’t get talked to nightly about the gas prices well we know why liberal media. It’s ridiculous how the news is reported and until recently because of the Arab unrest we heard next to nothing about the food inflation.
It’s a frigging sea level canal. All they need are toll takers. Have the ships toss the money on the pier on the way through.
Given that, wouldn’t it be funny if it was discovered that things got along smoothly without the striking employees after all?
Shhh, inflation isn’t happening.....well, except for energy and food costs....
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