South Korea’s Hanjin Shipping files for bankruptcy protection

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1. 'shipping companies world-wide grapple with overcapacity amid a slump in global trade.'

Central Bankers Hear Plea: Turn Focus to Government Spending.

GRAND TETON NATIONAL PARK, Wyo. — Central bankers who gathered here to discuss better ways of jump-starting slow economic growth received a surprising message from their lunchtime speaker on Friday: Stop. You’re making things worse.

Christopher A. Sims, a Nobel laureate in economic science, told the annual conference that increased government spending was required to lift the world’s major economies from stagnation. The pursuit of innovations in monetary policy, he said, is diverting needed attention from the inaction of fiscal policy makers.

http://www.democraticunderground.com/111678852