Version: 10 (current) | Updated: 11/13/2025, 6:22:45 AM
Added description
@loanable_fund_theories:concept {description: "Critique of loanable‑fund theory linked to inequality and interest‑rate dynamics"}
@siege_economies:concept {description: "Economic structures that emerge under prolonged military or blockaded conditions"}
@tinned_fish_industry:concept {description: "Industry producing canned fish products, historically important in Portugal"}
@file_pinax -> discusses -> @loanable_fund_theories
@file_pinax -> discusses -> @siege_economies
@file_pinax -> discusses -> @tinned_fish_industry
@katechon:concept {description: "Power or entity that restrains the end of time in theological‑political thought"}
@carl_schmitt:person {full_name: "Carl Schmitt", role: "Political theorist"}
@tim_howell:person {full_name: "Tim Howells", role: "Commentator"}
@file_51425779_flight_to_the_future -> discusses -> @katechon
@file_51425779_flight_to_the_future -> mentions -> @carl_schmitt
@file_51425779_flight_to_the_future -> mentions -> @tim_howell
@antonio_jacinto_ferreira:person {full_name: "Antonio Jacinto Ferreira", role: "Founder of Good Boy and Conserveira do Sul"}
@ferreira_junior_and_irmaos:organization {description: "Family company created by Antonio Jacinto Ferreira for his children"}
@good_boy:organization {full_name: "Good Boy", founded: @date_1950, founder: @antonio_jacinto_ferreira, parent_company: @ferreira_junior_and_irmaos}
@conserveira_do_sul:organization {full_name: "Conserveira do Sul", founded: @date_1954, founder: @antonio_jacinto_ferreira, location: @olhao}
@jupiter_brand:concept {name: "Jupiter", product_type: "tinned fish", launched: @date_1947, manufacturer: @good_boy}
@good_boy -> parent_company -> @ferreira_junior_and_irmaos
@good_boy -> produces -> @jupiter_brand
@ferreira_junior_and_irmaos -> founded_by -> @antonio_jacinto_ferreira
@conserveira_do_sul -> founded_by -> @antonio_jacinto_ferreira
@conserveira_do_sul -> located_in -> @olhao
@olhao:place {region: @algarve, country: @portugal}
@algarve:place {region_of: @portugal}
@olhao -> located_in -> @algarve
@algarve -> region_of -> @portugal
@escudo:concept {type: "currency", country: @portugal, used_until: @date_2002}
@escudo -> used_in -> @portugal
@jupiter_brand -> launched_on -> @date_1947<!--
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<p>https://www.weforum.org/agenda/2015/09/what-did-keynes-believe-about-the-long-term-rate-of-interest/</p><p>This Servaas Storm piece for @INETeconomics on why loanable fund theories make no sense even if they are hooked to a critique of inequality, is excellent. </p><p>https://www.ineteconomics.org/perspectives/blog/why-the-rich-get-richer-and-interest-rates-go-down</p><!--
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<p>https://www.mei.edu/sites/default/files/publications/PF14_Todman_sieges_web_0.pdf</p><!--
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<p>https://www.ft.com/content/4c4c4c04-151c-467c-b011-136d56546da9</p><p></p><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ZHEe!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ZHEe!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 424w, https://substackcdn.com/image/fetch/$s_!ZHEe!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 848w, https://substackcdn.com/image/fetch/$s_!ZHEe!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 1272w, https://substackcdn.com/image/fetch/$s_!ZHEe!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png" width="1456" height="338" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":338,"width":1456,"resizeWidth":null,"bytes":1994031,"alt":null,"title":null,"type":"image/png","href":null,"belowTheFold":false,"topImage":true,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!ZHEe!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 424w, https://substackcdn.com/image/fetch/$s_!ZHEe!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 848w, https://substackcdn.com/image/fetch/$s_!ZHEe!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 1272w, https://substackcdn.com/image/fetch/$s_!ZHEe!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F296e47a1-bf6e-45d0-9f5c-cb1281302653_2782x646.png 1456w" sizes="100vw" fetchpriority="high"></picture><div></div></div></a></figure></div><!--
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<p>reality is what trips you up when you are not paying attention, Anthony wilden </p><iframe class="spotify-wrap podcast" data-attrs="{"image":"https://i.scdn.co/image/ab6765630000ba8a54eb7b6b10858d6dc8516306","title":"We Have Never Been Modern with Tim Howles","subtitle":"By Hermitix","description":"Podcast episode","url":"https://open.spotify.com/episode/2qUWUb39TflKYbXxLlC7pC","belowTheFold":false,"noScroll":false}" src="https://open.spotify.com/embed/episode/2qUWUb39TflKYbXxLlC7pC" frameborder="0" gesture="media" allowfullscreen="true" allow="encrypted-media" data-component-name="Spotify2ToDOM"></iframe><p>https://genealogiesofmodernity.org/journal/2020/10/5/we-have-always-never-been-modern</p><p></p><p></p><p>Katechon </p><p>The actual referent of the term <em>katechon</em>, this power or entity that restrains the end of time<em>, </em>is less clear. No explanation is offered by Irenaeus, who was the first to quote the Scriptural text itself, nor by Hippolytus. Tertullian proposes a more concrete idea in his <em>Apologeticum</em> when he suggests it refers to the Roman empire itself. “The tremendous force which is hanging over the whole world, the very end of the age, with its threat of dreadful afflictions . . . is arrested [<em>retardii</em>] for a time by the continuance of the Roman empire,” he writes. Since Christians have “no desire to experience this event,” and indeed “pray that it may be deferred [<em>differri</em>],” it follows that “we favour the continuance of Rome.” For Tertullian, the Roman empire, being in its essence law, opposes that which is lawless and therefore can be equated with the <em>katechontic</em> force identified by the Apostle. The alignment of worldly imperium with divine providence that is implied here prefigures a number of subsequent political theologies that seek to baptise an earthly sovereign as exclusive guarantor of social order (Eusebius of Caesarea; the Catholic authoritarianisms of de Maistre and Donoso Cortés; Thomistic-Maurrasian integralism).</p><p>And one thinks of Carl Schmitt: As Schmitt himself notes in an entry in his <em>Glossarium</em> of December 1947: “we have to be able to name the <em>katechon</em> for every epoch in the last 1948 years. The place has never been unoccupied, otherwise we would not be present anymore.”</p><p>https://genealogiesofmodernity.org/journal/2022/1/19/holding-open-the-present</p><p>It is tempting to align Carl Schmitt with this secular-imperial view of the Katechon but in fact Tim Howells argues</p><p>For Schmitt, the crucial point is that the eschatological deferral encoded in the idea of the <em>katechon</em> is guaranteed not by a temporal power, but by God Himself. The reason God holds the end of time in abeyance is so that His people can get to work in the here-and-now, promoting and extending the values of His kingdom throughout the world. Schmitt straightforwardly translates this mandate for Christian mission into the discourse of contemporary politics. In the space wedged open by this eschatological deferral, the present moment takes on a new force and potential as an arena for meaningful political action and as a matrix out of which goodness can be expected to emerge. Thus, for Schmitt, when the language of the <em>katechon</em> is rooted in this vision of Christian eschatology, it provides an antidote to the sense of depoliticization and disenfranchisement that characterizes the contemporary public space in many different forms. “I believe in the <em>katechon</em>,” writes Schmitt, “it is for me the only possibility as a Christian to understand history and find it meaningful.”</p><p>https://genealogiesofmodernity.org/journal/2022/1/21/deferring-the-end</p><p>@AimeTim</p><p>https://www.academia.edu/13375510/Bruno_Latour_and_the_Miraculous_Present_of_Enunciation</p><p></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!efVl!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!efVl!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 424w, https://substackcdn.com/image/fetch/$s_!efVl!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 848w, https://substackcdn.com/image/fetch/$s_!efVl!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 1272w, https://substackcdn.com/image/fetch/$s_!efVl!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png" width="1384" height="1162" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":1162,"width":1384,"resizeWidth":null,"bytes":516838,"alt":null,"title":null,"type":"image/png","href":null,"belowTheFold":true,"topImage":false,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!efVl!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 424w, https://substackcdn.com/image/fetch/$s_!efVl!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 848w, https://substackcdn.com/image/fetch/$s_!efVl!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 1272w, https://substackcdn.com/image/fetch/$s_!efVl!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F97e0c856-7a8a-4a35-8481-58b6d6d24429_1384x1162.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><div class="pencraft pc-reset icon-container restack-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-refresh-cw"><path d="M3 12a9 9 0 0 1 9-9 9.75 9.75 0 0 1 6.74 2.74L21 8"></path><path d="M21 3v5h-5"></path><path d="M21 12a9 9 0 0 1-9 9 9.75 9.75 0 0 1-6.74-2.74L3 16"></path><path d="M8 16H3v5"></path></svg></div><div class="pencraft pc-reset icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></div></div></div></div></a></figure></div><p>Katechon </p><p>The actual referent of the term <em>katechon</em>, this power or entity that restrains the end of time<em>, </em>is less clear. No explanation is offered by Irenaeus, who was the first to quote the Scriptural text itself, nor by Hippolytus. Tertullian proposes a more concrete idea in his <em>Apologeticum</em> when he suggests it refers to the Roman empire itself. “The tremendous force which is hanging over the whole world, the very end of the age, with its threat of dreadful afflictions . . . is arrested [<em>retardii</em>] for a time by the continuance of the Roman empire,” he writes. Since Christians have “no desire to experience this event,” and indeed “pray that it may be deferred [<em>differri</em>],” it follows that “we favour the continuance of Rome.” For Tertullian, the Roman empire, being in its essence law, opposes that which is lawless and therefore can be equated with the <em>katechontic</em> force identified by the Apostle. The alignment of worldly imperium with divine providence that is implied here prefigures a number of subsequent political theologies that seek to baptise an earthly sovereign as exclusive guarantor of social order (Eusebius of Caesarea; the Catholic authoritarianisms of de Maistre and Donoso Cortés; Thomistic-Maurrasian integralism).</p><p>And one thinks of Carl Schmitt: As Schmitt himself notes in an entry in his <em>Glossarium</em> of December 1947: “we have to be able to name the <em>katechon</em> for every epoch in the last 1948 years. The place has never been unoccupied, otherwise we would not be present anymore.”</p><p>https://genealogiesofmodernity.org/journal/2022/1/19/holding-open-the-present</p><p>It is tempting to align Carl Schmitt with this secular-imperial view of the Katechon but in fact Tim Howells argues</p><p>For Schmitt, the crucial point is that the eschatological deferral encoded in the idea of the <em>katechon</em> is guaranteed not by a temporal power, but by God Himself. The reason God holds the end of time in abeyance is so that His people can get to work in the here-and-now, promoting and extending the values of His kingdom throughout the world. Schmitt straightforwardly translates this mandate for Christian mission into the discourse of contemporary politics. In the space wedged open by this eschatological deferral, the present moment takes on a new force and potential as an arena for meaningful political action and as a matrix out of which goodness can be expected to emerge. Thus, for Schmitt, when the language of the <em>katechon</em> is rooted in this vision of Christian eschatology, it provides an antidote to the sense of depoliticization and disenfranchisement that characterizes the contemporary public space in many different forms. “I believe in the <em>katechon</em>,” writes Schmitt, “it is for me the only possibility as a Christian to understand history and find it meaningful.”</p><p>https://genealogiesofmodernity.org/journal/2022/1/21/deferring-the-end</p><p>@AimeTim</p><p>https://www.academia.edu/13375510/Bruno_Latour_and_the_Miraculous_Present_of_Enunciation</p><!--
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<p>katie martin </p><p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of <a href="https://www.ft.com">FT.com</a> <a href="https://help.ft.com/help/legal-privacy/terms-conditions/">T&Cs</a> and <a href="https://help.ft.com/help/legal-privacy/copyright/copyright-policy/">Copyright Policy</a>. Email <a href="mailto:licensing@ft.com">licensing@ft.com</a> to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be <a href="https://www.ft.com/tour">found here</a>. <br><a href="https://www.ft.com/content/8e0be3bc-ccd6-4cb5-92c0-5c24c8f95bb7">https://www.ft.com/content/8e0be3bc-ccd6-4cb5-92c0-5c24c8f95bb7</a><br><br>European gas prices are even wilder, up 60 per cent one day, down 30 per cent the next. Possibly the wildest of them all is nickel, which has proven so volatile — up 70 to 100 per cent in a day — that the London Metal Exchange shut its nickel market altogether for a time and even cancelled thousands of trades after they had been agreed, to the delight of those spared ruination and the fury of speculators who missed out on juicy profits. With volatility like that, clearing houses and brokers have no choice but to demand extra financial padding, known as margin, from trading firms. It is little surprise that energy traders in particular are wincing, lobbying policymakers like central bankers for extra support to stop them going out of business, something that would have immediate and unpleasant effects on the already clunky flow of crucial commodities around the world. This is the part of the process causing the most alarm. “I’m afraid the cost of doing business will reflect the huge change in risk and volatility in these markets,” Bailey said. “It’s the job of clearing houses, for instance, to margin against risk. The cost of risk . . . passes down through the system. It gets passed on to the intermediaries and the end users. But we have to watch very closely to ensure that the step change in the cost and risk doesn’t cause a market failure. So far, it hasn’t happened. But we must be very alert to it. The bottom line of all that is we can’t take resilience in that part of the market for granted.” Bailey went on to suggest a snarl-up in commodity supplies could collide with a glitch in financial markets to create a problem that “multiplies” and pledged to keep a close eye on the situation. He is being cautious rather than alarmist here. Those pleas for help from energy traders to the BoE and the European Central Bank have, conspicuously, failed to produce assistance so far, suggesting central bankers are watching but not worried enough to throw cash at the problem. That is in keeping with the wider mood. Rating agency Fitch, for instance, wrote this week that European banks are stepping up to help commodity traders meet extra demands for cash, but it added that “risks have eased as prices have moderated and we do not expect the exposure to put material pressure on major banks’ asset quality or revenue”. Rostin Behnam, chair of the US’s main derivatives regulator, has also said he’s keeping an eye on this, but that “nothing has come to [us] or me personally that’s been overtly concerning”. Bailey’s comments form something of a contrast to that and mark the starkest warning from a senior policymaker on this issue to date. In a sense, that itself is reassuring — senior finance officials are taking the strains in commodity trading seriously. But if anything in markets is going to break as a result of Russia’s aggression, it is likely to be here.</p><p>Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of <a href="https://www.ft.com">FT.com</a> <a href="https://help.ft.com/help/legal-privacy/terms-conditions/">T&Cs</a> and <a href="https://help.ft.com/help/legal-privacy/copyright/copyright-policy/">Copyright Policy</a>. Email <a href="mailto:licensing@ft.com">licensing@ft.com</a> to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be <a href="https://www.ft.com/tour">found here</a>. <br><a href="https://www.ft.com/content/567bebdb-6ebe-414f-9e57-d8aac819ba63">https://www.ft.com/content/567bebdb-6ebe-414f-9e57-d8aac819ba63</a><br><br>Those margins are returned to traders when the commodities are delivered, but in the mean time, trading firms can face liquidity strains. This is especially an issue for smaller companies that lack access to large credit lines. One industry group representing Europe’s largest energy traders — including Shell and BP and big German utilities — called for help in a letter this month. Many traders want central banks to support clearing houses and banks, so that they in turn have less need to bump up margins for traders. Officials in the eurozone have ruled out direct support for the commodities industry, arguing that any explicit backing or guarantees should come from governments or development banks.</p><p>https://www.ft.com/content/567bebdb-6ebe-414f-9e57-d8aac819ba63</p><!--
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<p></p><p>https://www.nytimes.com/2022/07/13/travel/portugal-sardine-factory-tour.html</p><p>http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1025.5086&rep=rep1&type=pdf</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!X-0-!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!X-0-!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 424w, https://substackcdn.com/image/fetch/$s_!X-0-!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 848w, https://substackcdn.com/image/fetch/$s_!X-0-!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!X-0-!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png" width="718" height="1080" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":1080,"width":718,"resizeWidth":null,"bytes":1602170,"alt":null,"title":null,"type":"image/png","href":null,"belowTheFold":false,"topImage":true,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!X-0-!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 424w, https://substackcdn.com/image/fetch/$s_!X-0-!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 848w, https://substackcdn.com/image/fetch/$s_!X-0-!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 1272w, https://substackcdn.com/image/fetch/$s_!X-0-!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F2ffc0aa4-a661-4ecb-bdcb-c9791d2cdfeb_718x1080.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><div class="pencraft pc-reset icon-container restack-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-refresh-cw"><path d="M3 12a9 9 0 0 1 9-9 9.75 9.75 0 0 1 6.74 2.74L21 8"></path><path d="M21 3v5h-5"></path><path d="M21 12a9 9 0 0 1-9 9 9.75 9.75 0 0 1-6.74-2.74L3 16"></path><path d="M8 16H3v5"></path></svg></div><div class="pencraft pc-reset icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></div></div></div></div></a></figure></div><p>https://www.ft.com/content/8608146b-5532-41c2-b913-244bc9ca7036#myft:my-news:page</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!dBuK!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!dBuK!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 424w, https://substackcdn.com/image/fetch/$s_!dBuK!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 848w, https://substackcdn.com/image/fetch/$s_!dBuK!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 1272w, https://substackcdn.com/image/fetch/$s_!dBuK!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/99f41dcc-62e7-4663-a75b-237719814fde_832x522.png" width="578" height="362.6394230769231" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/99f41dcc-62e7-4663-a75b-237719814fde_832x522.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":522,"width":832,"resizeWidth":578,"bytes":824290,"alt":null,"title":null,"type":"image/png","href":null,"belowTheFold":false,"topImage":false,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!dBuK!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 424w, https://substackcdn.com/image/fetch/$s_!dBuK!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 848w, https://substackcdn.com/image/fetch/$s_!dBuK!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 1272w, https://substackcdn.com/image/fetch/$s_!dBuK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F99f41dcc-62e7-4663-a75b-237719814fde_832x522.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><div class="pencraft pc-reset icon-container restack-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-refresh-cw"><path d="M3 12a9 9 0 0 1 9-9 9.75 9.75 0 0 1 6.74 2.74L21 8"></path><path d="M21 3v5h-5"></path><path d="M21 12a9 9 0 0 1-9 9 9.75 9.75 0 0 1-6.74-2.74L3 16"></path><path d="M8 16H3v5"></path></svg></div><div class="pencraft pc-reset icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></div></div></div></div></a><figcaption class="image-caption"></figcaption></figure></div><p>Fantastic these mackerel with chili. The fish is chunky, softened by the curried chili oil. </p><p>Good boy was created in 1950 by Antonio Jacinto Ferreira. His company Ferreira Junior & Irmaos, Lda was created to be family brand for himself and his children. Four years after the creation of Good Boy they migrated into Antonio's new endeavor Conserveira do Sul.</p><p>After a 65 year hiatus Good Boy returned in 2015 with the face of the brand still intact, Antonio's son Jorge. The theme of this product is the nostalgia of childhood, each packaging has the image of an old toy or a traditional game. This delicious Mackerel is surely one of a kind, the distinct flavors will be sure to make you come back for more!</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Zjvv!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Zjvv!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 424w, https://substackcdn.com/image/fetch/$s_!Zjvv!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 848w, https://substackcdn.com/image/fetch/$s_!Zjvv!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 1272w, https://substackcdn.com/image/fetch/$s_!Zjvv!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png" width="1294" height="838" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":838,"width":1294,"resizeWidth":null,"bytes":931504,"alt":null,"title":null,"type":"image/png","href":null,"belowTheFold":true,"topImage":false,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!Zjvv!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 424w, https://substackcdn.com/image/fetch/$s_!Zjvv!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 848w, https://substackcdn.com/image/fetch/$s_!Zjvv!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 1272w, https://substackcdn.com/image/fetch/$s_!Zjvv!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8262fbbf-5a78-4e66-ac2d-9881219df4c9_1294x838.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><div class="pencraft pc-reset icon-container restack-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-refresh-cw"><path d="M3 12a9 9 0 0 1 9-9 9.75 9.75 0 0 1 6.74 2.74L21 8"></path><path d="M21 3v5h-5"></path><path d="M21 12a9 9 0 0 1-9 9 9.75 9.75 0 0 1-6.74-2.74L3 16"></path><path d="M8 16H3v5"></path></svg></div><div class="pencraft pc-reset icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></div></div></div></div></a></figure></div><p>https://www.consul.pt/en-gb/about</p><p>OLHAO, Portugal—A siren wails to announce the arrival of a small trawler with its hold brimful of glistening sardines. The catch is good but almost everyone in the industry, from the fishermen and boat owners to canning factory owners and workers, talks about the crisis.”</p><p>The Talk of Olhao</p><p>This fishing port, with its Casbah‐like whitewashed houses, terraced roofs and patios, remembers with nostalgia tile good old days of World War II. With Europe hungrily demanding canned fish of any kind, Olhao became the fish‐canning capital of southern Portugal.</p><p>“In those days, there were some 40 fish‐canning factories in OlhAo, doing booming business, and now there are only six, all of them in serious difficulty,” Gilberto Arcaujo said glumly.</p><p>Where the Fault Lies</p><p>Mr. Arcaujo runs a shop for boat and automobile accessories, with the accent on the auto in recent years “because of the fishing industry crisis.” His father‐in‐law owned a canning factory that closed six years ago.</p><p>ADVERTISEMENT</p><p><a href="https://www.nytimes.com/1976/04/03/archives/portuguese-fish-canneries-are-in-trouble.html#after-story-ad-1">Continue reading the main story</a></p><p>Mr. Arcaujo blames the state, the factory owners and now the workers for the crisis—the state because, he said, it stunted the industry by paying indemnities to help close ailing enterprises, the factory owners because they did not reinvest their profits but spent them on “fast cars, comfortable apartments and mistresses,” and the workers because since the revolution two years ago they get more pay but do less work.</p><p>Olhao County has about 30,000 inhabitants and half of them live from fishing, according to municipal officials. Its crisis is long‐lasting, unlike that of the rest of Portugal, which generally dates its urgent economic problems from the April 25, 1974, overthrow of the 48‐year‐old right‐wing dictatorship.</p><p>A Struggle for Survival</p><p>The town's exports of canned fish, which stood at 8,473,488 kilos in 1965, dropped to 4,110,043 kilos in 1973. the year before the revolution, and to 2,109,462 kilos last year.</p><p>“We're all struggling for survival,” said Antonio Jacinto Ferrepra Jr., director of Conserveira do Sul the only canning factory in town that has attempted to modernize. He and his two brothers gave up school to work in the family enterprise.</p><p>Their father, Ant6nio Jacinto Ferreira, bought the plant in 1954 and was the first to put in refrigeration equipment, with no encouragement from the authorities. In 1972, after waiting three years for official authorization, the Ferreiras introduced the first self‐opener cans to take the place of the old key type.</p><h2><strong>Editors’ Picks</strong></h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!ZDLD!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ZDLD!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ZDLD!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ZDLD!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ZDLD!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg" width="350" height="350" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":350,"width":350,"resizeWidth":null,"bytes":null,"alt":"","title":null,"type":null,"href":null,"belowTheFold":true,"topImage":false,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!ZDLD!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ZDLD!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ZDLD!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ZDLD!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F8c3985de-0599-4da7-85e6-663470948678_350x350.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><div class="pencraft pc-reset icon-container restack-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-refresh-cw"><path d="M3 12a9 9 0 0 1 9-9 9.75 9.75 0 0 1 6.74 2.74L21 8"></path><path d="M21 3v5h-5"></path><path d="M21 12a9 9 0 0 1-9 9 9.75 9.75 0 0 1-6.74-2.74L3 16"></path><path d="M8 16H3v5"></path></svg></div><div class="pencraft pc-reset icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></div></div></div></div></a></figure></div><h3><strong><a href="https://www.nytimes.com/2022/01/07/world/americas/luiza-trajano-brazil-magalu-racism.html?action=click&algo=identity&block=editors_picks_recirc&fellback=false&imp_id=940823927&impression_id=1004aca0-7027-11ec-8d92-59f8ad516a96&index=0&pgtype=Article&pool=editors-picks-ls&region=ccolumn&req_id=935050268&surface=home-featured&variant=0_identity&action=click&module=editorContent&pgtype=Article&region=CompanionColumn&contentCollection=Trending">Billionaire’s Star Rises as She Takes Bold Stance on Racism in Brazil</a></strong></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!P1NK!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!P1NK!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 424w, https://substackcdn.com/image/fetch/$s_!P1NK!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 848w, https://substackcdn.com/image/fetch/$s_!P1NK!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!P1NK!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg" width="350" height="350" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":350,"width":350,"resizeWidth":null,"bytes":null,"alt":"","title":null,"type":null,"href":null,"belowTheFold":true,"topImage":false,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!P1NK!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 424w, https://substackcdn.com/image/fetch/$s_!P1NK!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 848w, https://substackcdn.com/image/fetch/$s_!P1NK!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!P1NK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F04828049-2dab-4157-8ca1-98996b17aa76_350x350.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><div class="pencraft pc-reset icon-container restack-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-refresh-cw"><path d="M3 12a9 9 0 0 1 9-9 9.75 9.75 0 0 1 6.74 2.74L21 8"></path><path d="M21 3v5h-5"></path><path d="M21 12a9 9 0 0 1-9 9 9.75 9.75 0 0 1-6.74-2.74L3 16"></path><path d="M8 16H3v5"></path></svg></div><div class="pencraft pc-reset icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></div></div></div></div></a></figure></div><h3><strong><a href="https://www.nytimes.com/2022/01/07/world/europe/grichka-and-igor-bogdanoff-dead.html?action=click&algo=identity&block=editors_picks_recirc&fellback=false&imp_id=700982685&impression_id=1004d3b0-7027-11ec-8d92-59f8ad516a96&index=1&pgtype=Article&pool=editors-picks-ls&region=ccolumn&req_id=935050268&surface=home-featured&variant=0_identity&action=click&module=editorContent&pgtype=Article&region=CompanionColumn&contentCollection=Trending">Grichka and Igor Bogdanoff, Twins in an Uneasy Spotlight, Die at 72</a></strong></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Nr0f!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Nr0f!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Nr0f!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Nr0f!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Nr0f!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 1456w" sizes="100vw"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg" width="350" height="350" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg","srcNoWatermark":null,"fullscreen":null,"imageSize":null,"height":350,"width":350,"resizeWidth":null,"bytes":null,"alt":"","title":null,"type":null,"href":null,"belowTheFold":true,"topImage":false,"internalRedirect":null,"isProcessing":false,"align":null,"offset":false}" class="sizing-normal" alt="" title="" srcset="https://substackcdn.com/image/fetch/$s_!Nr0f!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Nr0f!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Nr0f!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Nr0f!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F410e2a08-7d8e-4bbb-99f6-0a76e7fb97d8_350x350.jpeg 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><div class="pencraft pc-reset icon-container restack-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-refresh-cw"><path d="M3 12a9 9 0 0 1 9-9 9.75 9.75 0 0 1 6.74 2.74L21 8"></path><path d="M21 3v5h-5"></path><path d="M21 12a9 9 0 0 1-9 9 9.75 9.75 0 0 1-6.74-2.74L3 16"></path><path d="M8 16H3v5"></path></svg></div><div class="pencraft pc-reset icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></div></div></div></div></a></figure></div><h3><strong><a href="https://www.nytimes.com/2022/01/07/style/lifestyle-trends-predictions-2022.html?action=click&algo=identity&block=editors_picks_recirc&fellback=false&imp_id=887189225&impression_id=1004d3b1-7027-11ec-8d92-59f8ad516a96&index=2&pgtype=Article&pool=editors-picks-ls&region=ccolumn&req_id=935050268&surface=home-featured&variant=0_identity&action=click&module=editorContent&pgtype=Article&region=CompanionColumn&contentCollection=Trending">12 Predictions for a Sexy, Celestial, Sweet and Surreal 2022</a></strong></h3><p><a href="https://www.nytimes.com/1976/04/03/archives/portuguese-fish-canneries-are-in-trouble.html?action=click&module=editorContent&pgtype=Article&region=CompanionColumn&contentCollection=Trending#after-pp_edpick">Continue reading the main story</a></p><p>ADVERTISEMENT</p><p><a href="https://www.nytimes.com/1976/04/03/archives/portuguese-fish-canneries-are-in-trouble.html#after-story-ad-2">Continue reading the main story</a></p><p>Nevertheless, the Conserveira do Sul has felt the crisis. In 1954, 600 women worked there and production was 100,000 crates, each with a hundred cans of sardines or anchovies or mackerel. Today the factory employs 150 women and a production is about 30,000 crates.</p><p>The factory exported 78,000 crates in 1965, its best year; by 1974 exports were down to 31,000 crates.</p><p>“If we lose two ‐million escudos this year, it will be a good year,” the younger Mr. Ferreira said in an interview. Two million escudos is about $70,000. He pointed out that the company had made a profit of 2.3 million escudos in 1973.</p><p>A Sharp Rise in Costs</p><p>The main cause of the crisis is the increase in production costs, he said. The cost of a crate of sardines rose from 397 escudos in 1973 to more their 700 escudos last year; the price of olive oil rose by 200 percent; and salaries more than doubled, from 10.5 escudos, or 37.5 cents, an hour to 22.1 escudos or 79 cents.</p><p>At the same time, productivity has gone down sharply because of the workers’ new mood of “independence,” Mr. Ferreira said. Before the revolution, he said, a worker filled 20 cans an liour; now the rate is 15 cans. He said that at the family's anchovy canning factory just across the border in Spain the workers filled 26 cans an hour.</p><p>“I've lost five years of my life in these past two years,” the 48‐year‐old factory owner said, blaming the Communist‐led canning workers’ union for most of the present problems.</p><p>He said that a few months ago his father had a nervous breakdown because of the strikes, slowdowns and other “headaches” and the family faced the problem whether they would stay or leave.</p><p>ADVERTISEMENT</p><p><a href="https://www.nytimes.com/1976/04/03/archives/portuguese-fish-canneries-are-in-trouble.html#after-story-ad-3">Continue reading the main story</a></p><p>New Machines on Order</p><p>“We decided to stay and fight it out,” Mr. Ferreira said, adding that they concluded, that their only solution, and the only solution for the industry, was to mechanize.</p><p>The Ferreiras have ordered four new machines to take the heads off the fish and hope to double production next year.</p><p>But the canning workers are equally discontent.</p><p>“Before we used to get miserable wages ‘but now generally we work only three days a week and so it amounts to the same thing,” a woman said.</p><p>In the old days, the workers could work in the tourist hotels as cooks and maids or emigrate. But since the revolution, the tourist industry in Portugal has also been in crisis and the economic slowdowns in Western Europe has halted emigration.</p><p>Boat owners also complain about the rising costs. Fuel oil has doubled in price over the last two years and wages for crews have risen from 4,000 escudos, or $112 a month two years ago to about 6,000 escudos plus a percentage of the catch.</p><p>Another problem for the fishermen is the competition provided by refugee fishermen from Portugal's former African colonies, who have come here looking for work.</p><p>“All of us would like to stay and work on the land but most of us can't read or write and so all we can do is fish,” Manuel Bernardo Pires, a 40‐year‐of fisherman, said, adding quickly: “My daughter is in fifth year of secondary school and my son is a mechanic.”https://www.nytimes.com/1976/04/03/archives/portuguese-fish-canneries-are-in-trouble.html</p><p>António Jacinto Ferreira first came to Olhão in 1918 as a young teenager, initially supplying fresh and salted fish to Alentejo before specialising in the production of pates and fish preserves. It would have been a tough business to break into since at its peak in 1925 there were around 400 canneries in Portugal. His first brand of tinned fish – Jupiter – was created in 1947 and is still sold in Portugal.</p><p>https://ir.library.oregonstate.edu/concern/parent/1n79h5572/file_sets/d504rm55d</p># Reorganization Summary The files were organized into logical groups based on their content themes. The primary group, 'Chartbook_Newsletters', contains all newsletter-related files focusing on economic and geopolitical analysis. Additional groups were created for specific themes such as 'Economic_Analysis', 'Geopolitical_Events', 'Historical_Reflections', and 'Energy_and_Environment'. Files that did not fit into these thematic groups were placed in 'ungrouped_files'. This strategy ensures that each file is categorized based on its primary content, making it easier to navigate and retrieve related documents. ## Groups Created - **Chartbook_Newsletters**: Files containing Chartbook newsletter content, focusing on economic and geopolitical analysis. - **Economic_Analysis**: Files focusing on economic analysis, including inflation, debt crises, and global financial systems. - **Geopolitical_Events**: Files discussing geopolitical events, particularly the war in Ukraine and its implications. - **Historical_Reflections**: Files reflecting on historical events and their relevance to current situations. - **Energy_and_Environment**: Files discussing energy policies, particularly in Europe, and environmental issues.