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Monthly Archives: June 2011
The EU’s Carbon Tax on Airlines Won’t Fly
‘Saving the planet’ was always going to bring the EU into conflict with countries not foolish to cripple their industries with anti-carbon taxes. But the EU is now trying to impose its emissions trading scheme directly on non-EU airlines. So it's not surprising that China has put a shot across the EU’s bows - in what could turn into the first carbon war - by blocking a $3.8 billion dollar order by Hong Kong Airlines for 10 Airbus superjumbo aircraft.
Posted in Companies, Economy, Global Warming Scare, Politics Tagged Airbus, carbon taxes, China, climate Leave a comment
The West’s Manufacturing Continues to Pay for Green Gesture Politics
The true economic cost of Western government’s obsession with fighting global warming is becoming increasingly apparent. News that a fifth of the UK’s soaring energy bills now consist of hidden environmental subsidies has brought home the cost of Britain’s economically suicidal commitment to reduce CO2 emissions by 80% within 40 years. It can’t be long before there is a political backlash from consumers and industry against the West's green gesture politics.
Posted in Companies, Global Warming Scare, Stockmarket, Uncategorized Tagged China, climate, coal, EU, fuel poverty, Germany, manufacturing, renewable energy, steel, UK Comments closed
Transparently Time to Sell Chinese B Shares.
The entire Chinese stock market is feeling the weight of fraud fears, as growing concerns about accounting irregularities in US-listed stocks tars every stock with the same brush.
Bursting the Bubble of Chinese Competitiveness
What should alarm investors in Asia is the speed at which China is losing competitiveness. Inflation in China is probably more intractable than official headline statistics reveal, and because Chinese productivity is failing to keep pace with wage increases, while US productivity is far outstripping wage increases, the wage differential between the US and China is being compressed. So significant is the loss of Chinese competitiveness, that it’s argued that American manufacturing could experience a renaissance over the next five years.
Posted in Commodities, Companies, Economy, Uncategorized Tagged China, Goldman Sachs, manufacturing, offshoring, onshoring Comments closed
A Plague of Fraud In Chinese Stocks
Corporate governance in China is known to be so appalling that wise investors steer well clear of the mainland. But the big story right now is the number of fraudulent companies listing on Western stock exchanges. Muddy Waters Research, the agency set up by short seller Carson Block, has been exposing one fraudulent company after another. And an SEC investigation is likely to lead to enforcement against a number of accounting firms.
Global Temperatures Fall Way Below IPCC Projections