Tag Archives: utah

Stacy Summary: Good morning y’all.  What’s up in your part of the world?

• Nobody can run the Lehman derivatives software

• Tyler Durden on China / gold

• Utah spends tens of millions to keep Goldman Sachs

• Two ships near completion of North-east passage

No commercial vessel has ever successfully travelled the North-east Passage, a fabled Arctic Sea route that links the Atlantic Ocean and the Pacific far more directly than the usual southerly cargo route. Explorers throughout history have tried, and failed; some have died in the attempt.

But early next week the German-owned vessels, Beluga Fraternity and Beluga Foresight, are scheduled to dock in the Dutch port of Rotterdam. It is the culmination of a two-month voyage from South Korea across the perilous waters of the Arctic, where an unprecedented ice-melt has at last made the previously impassable course a viable possibility.