The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Donald Trump alleged Chinese interference with the operations of the critical shipping lane.
Oh cool. More* private parasitic corporation benefitting off the backs of the working class.
It’s not obvious who is scamming who. At first glance it looks like the US is strong arming the Hong Kong company, CK Hutchinson, to sell. On the other hand, CKH seems to have unloaded its port assets at top dollar; they’re getting paid an amount exceeding their current market cap of $19B. And right at the top of the market, possibly, given the chances of a global recession due to the trade war. The CKH share price is up a fifth since this announcement, and Blackrock, the US buyer, is down.
We’re distracted by international lines.
The ones crying about globalism are now apathetic to their country and instead uphold their status in the global caste system.
Basically the oligarchs and the intelligence agencies they’ve taken over are closer in allegiance than those leaders and the poor of their country are
Begun, the Corporate Wars have.
