Latest Posts
View the latest posts in an easy-to-read list format, with filtering options.
View the latest posts in an easy-to-read list format, with filtering options.
Multi-part posts on a particular topic, grouped together in "series" pages.
Look through our blog archive by year / month, or in a massive title list.
11/21/2024 - David was a man of war; Solomon was a man of peace. David was allowed to make preparations for the... Read More
11/20/2024 - A few days ago, America’s war against Russia (and the Russian people as a whole) escalated t... Read More
11/19/2024 - Empires have now been replaced by hegemons, largely because nations no longer want to give the app... Read More
Read over 100 books written by Dr. Jones, available to read for free online. Several of the books have also been translated into different languages, and are also available to read for free. The only time you pay is when you purchase a physical version of a book.
View Full Book List
Read a variety of tracts that condense a topic into a short, single page format. These tracts can be read for free online, or physical copies can be purchased in bundles. If you are subscribed to the FFI Newsletter, you will receive new tracts when they are released.
View Full Tract ListThe city of Compton, California is in line to become the fourth city in that state to file for bankruptcy in September.
Meanwhile, one of the oldest shipping companies went bankrupt in Britain, due to the collapse of world trade since 2008.
Established in 1730, Stephenson Clarke had tried to sell its ships and cut costs in the face of crashing rates for dry bulk shipping on which it relied - transporting cargoes such as coal, grain and iron ore.
But liquidator Tait Walker was appointed on August 3, the company and liquidator said in a statement.
"While previous economic downturns have been weathered, the current market is one of the worst experienced for many years with no upturn forecast for at least 12 to 18 months," a spokesman for the company said.
Dry bulk shipping companies ordered large numbers of new vessels between 2007 and 2009, when freight rates hit record highs. But the extra shipping capacity arrived just as economies were turning down, sending rates tumbling.
Known affectionately as Stevie Clarke, the company sold the last of its six ships in July, Reuters reported....
Other dry bulk shippers are also struggling with the slump.
In July, lawyers for Deiulemar Shipping, a major Italian dry freight group, said they were seeking to wind up the company to pre-empt formal bankruptcy after prosecutors seized more than half of its fleet.
The Baltic Dry Index measures trade by keeping track of ocean shipping. I commented on the collapse of shipping some years ago after the banking crisis of September 2008, when the BDI dropped about 90%. I related this to Rev. 18:11-17, which speaks of the lament of the merchants of the earth over the fall of Babylon.
Here is the 5-year BDI chart showing how trade has never recovered from that drop. The stimulus packages helped temporarily just a bit, but as you can see, but we are now in a post-stimulus political environment. This has left the shipping companies sinking in their own debt, and that is why bankruptcies are happening, with more to come.
http://www.bloomberg.com/quote/BDIY:IND/chart
(Go to the above link and click on the 5Y black button on the upper right side to see the 5-year chart.)
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
