Purchasing Power Being News Today : Breaking News, Live Updates & Top Stories | Vimarsana

the cost of a shipping container has slumped since last year. is it a warning sign of a global recession on the horizon? well, we start here in the uk, if you can see me, i am at a slight distance. i'm going to sit back down. the cameras aren't playing with us nicely this morning, so let's sit back down and we will start the programme again. let's pretend that didn't happen, shall we? 0k. welcome to the programme. we start in the uk whether has lodged a controversial new push for oil and gas exploration in the north sea. nearly 900 blocks are offered exploration with as many as 100 l...

$14,000. since then the prices slumped by half, the same container will now cost you around $7,000. that's despite the soaring rate of inflation all around the world. we speak to peter sand, the chief analyst at xeneta which tracks global shipping prices. what can be read into this? what is it tells about the state of the global economy? it it tells about the state of the global economy?— it tells about the state of the global economy? it tells us the andemic global economy? it tells us the pandemic is — global economy? it tells us the pandemic is all— global economy? it tells us the pan...

lot more good for the economy. >> the energy issue is enormous. an enormous flow which would drive down prices to $2.50 a gallon would help us balance the budget and create millions of jobs. >> president obama disagrees. >> you can bet that since it's an election year, they're already dusting off their three-point plan for $2 gas. and i'll save you the suspense. step one is to drill and step two is to drill and then step three is to keep drilling. >> so how much can the president, for that matter congress, really control? stephen moore is an editorial writer for the "wall street jour...