Asset Based Lending Blog/News

June 19, 2015 | Cargo

Current severe weather conditions in Shanghai, China are affecting normal operations of handling ocean and air shipments.  Thunderstorms are expected to continue over the next few days causing loading and unloading operations to experience delays and cancellations.  

June 12, 2015 | Government

Esther Shmunis, Express Trade Capital In response to the recent West Coast port work stoppages that have strained the U.S. economy, enraged the nations’ embattled retailers and impacted millions of American jobs, the federal government has begun deliberations on whether to amend the Taft-Hartley Act to provide local state authorities the power to adjudicate port […]

April 27, 2015 | Cargo

Source: www.joc.com Jon Slangerup, executive director of the Port of Long Beach, said the drivers’ pickets are informational in nature and are not affecting cargo-handling. “Let’s be clear, this is not a strike. We do not expect there will be any adverse impact to port terminals,” he said. Longshoremen are moving cargo, and trucks continue […]

April 23, 2015 | Lending

In 2014, the former chairman of the Federal Reserve, Ben Bernake – the man who was once responsible for setting the United States’ interest rate policy – was summarily rejected by his bank when he tried to refinance his mortgage. The reason: he just changed jobs, which, according to an anachronistic credit metrics, indicated an […]

April 21, 2015 | Government

Speculation and Talks in the Trade Market Remain High in Regards to TPA, GSP, and AGOA With little movement on trade from Congress, several lobbyists are commenting on the likelihood of The Senate Finance Committee marking up a Generalized System of Preferences (GSP) renewal bill and Customs Reauthorization right alongside Trade Promotion Authority (TPA) sometime […]