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These maps show how Asia is taking over the oil markets - 0 views

www.washingtonpost.com/...is-taking-over-the-oil-markets Asia oil market
shared by Gene Ellis on 09 Jan 14 - No Cached
  • he world is now using a record amount of oil even though Europe and the United States are paring back.
  • And even as companies are finding new sources of crude in the deep ocean, tar sands and shale rock, they’re struggling to keep up and global crude prices are much, much higher than they were back in 1980.
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Ceiling Collapse at Shoe Factory in Cambodia Kills 2 - NYTimes.com - 0 views

www.nytimes.com/...ctory-in-cambodia-kills-2.html
shared by Gene Ellis on 16 May 13 - No Cached
    • Gene Ellis
      Gene Ellis on 16 May 13
       
      Why do you think this is a Hong Kong-based company?
  • “We visually always inspected them, but you need true engineers,” he said.
    • Gene Ellis
      Gene Ellis on 16 May 13
       
      Noe that he says that they always visually inspected the sites... are they the owners?  the managers?  To what degree are they responsible?  And to whom?
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  • Multinationals have been looking to Cambodia as one of several countries that could be alternatives to Bangladesh. Cambodia has some of the lowest pay in Asia, with workers earning $120 a month in salary and benefits before overtime. That compares with just $37 in Bangladesh.
  • Bruce Rockowitz, the group president and chief executive at Hong Kong-based Li & Fung, one of the world’s largest sourcing companies,
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Talking Troubled Turkey - NYTimes.com - 0 views

www.nytimes.com/...n-talking-troubled-turkey.html
shared by Gene Ellis on 31 Jan 14 - No Cached
  • Talking Troubled Turkey
  • probably because most countries placed restrictions on cross-border capital flows, so that international borrowing and lending were limited.
  • a bigger version of the same story unfolded in Asia: Huge money inflows followed by a sudden stop and economic implosion.
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  • And the same forces that sent money sloshing into Turkey also make the world economy as a whole highly vulnerable.
  • If this is a good description of our situation, and I believe it is, we now have a world economy destined to seesaw between bubbles and depression
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The iEconomy - Nissan's Move to U.S. Offers Lessons for Tech Industry - NYTimes.com - 0 views

www.nytimes.com/...lessons-for-tech-industry.html nissan u s offers lessons tech
shared by Gene Ellis on 29 Oct 13 - No Cached
  • Japanese and other foreign companies account for more than 40 percent of cars built in the United States, employing about 95,000 people directly and hundreds of thousands more among parts suppliers.
  • The United States gained these jobs through a combination of public and Congressional pressure on Japan, “voluntary” quotas on car exports from Japan and incentives like tax breaks that encouraged Japanese automakers to build factories in America.
  • The government could also encourage domestic production of technologies, including display manufacturing and advanced semiconductor fabrication, that would nurture new industries. “Instead, we let those jobs go to Asia, and then the supply chains follow, and then R&D follows, and soon it makes sense to build everything overseas,” he said. “If Apple or Congress wanted to make the valuable parts of the iPhone in America, it wouldn’t be hard.”
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  • Last year, Brazilian politicians used subsidies and the threat of continued high tariffs on imports to persuade Foxconn — which makes smartphones and computers in Asia for dozens of technology companies — to start producing iPhones, iPads and other devices in a factory north of São Paulo.
  • “Closing our border is a 20th-century thought, and it will only weaken the economy over the long term,”
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Intel to downsize Costa Rica operations, several media sources report - The Tico Times - 0 views

www.ticotimes.net/...ions-say-several-media-reports
shared by Gene Ellis on 28 Apr 14 - No Cached
  • Intel to downsize Costa Rica operations, several media sources report
  • Intel reportedly plans to move its manufacturing operation to Asia and lay off 1,500 employees, according to “well-placed” sources in the company, reported the newspaper El Financiero.
  • Microprocessors are Costa Rica’s primary export. Over 20 percent of Costa Rica’s exports in 2013 were microprocessors, worth some $2.4 billion, according to statistics from the Foreign Trade Ministry (COMEX).
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  • Intel CEO Brian Krzanich said in January that financial pressures would push the company to downsize
  • Intel has been in Costa Rica since 1997 and has invested $800 million in Costa Rica between then and 2010, according to COMEX, the online daily CRHoy.com reported. Intel employs nearly 2,700 people in Costa Rica.
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China Exports Pollution to U.S., Study Finds - NYTimes.com - 0 views

www.nytimes.com/...to-western-us-study-finds.html China exports pollution u s input_output
shared by Gene Ellis on 22 Jan 14 - No Cached
  • “We’re focusing on the trade impact,” said Mr. Lin, a professor in the department of atmospheric and oceanic sciences at Peking University’s School of Physics. “Trade changes the location of production and thus affects emissions.”
  • “Dust, ozone and carbon can accumulate in valleys and basins in California and other Western states,” the statement said.Black carbon is a particular problem because rain does not wash it out of the atmosphere, so it persists across long distances, the statement said. Black carbon is linked to asthma, cancer, emphysema, and heart and lung disease.
  • The study’s scientists also looked at the impact of China’s export industries on its own air quality. They estimated that in 2006, China’s exporting of goods to the United States was responsible for 7.4 percent of production-based Chinese emissions for sulfur dioxide, 5.7 percent for nitrogen oxides, 3.6 percent for black carbon and 4.6 percent for carbon monoxide.
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  • The scholars who gave emissions estimates for China’s export industries, a significant part of the country’s economy, looked at data from 42 sectors that are direct or indirect contributors to emissions. They included steel and cement production, power generation and transportation. Coal-burning factories were the biggest sources of pollutants and greenhouse gases, which contribute to global warming.
    • Gene Ellis
      Gene Ellis on 22 Jan 14
       
      Note:  here they have used input-output coefficients of sectors to calculate the effects...
  • In Japan, for instance, an environmental engineer has attributed a mysterious pestilence that is killing trees on Yakushima Island to pollutants from China.
  • Exports accounted for 24.1 percent of China’s entire economic output last year, down sharply from a peak of 35 percent in 2007, before the global financial crisis began to weaken overseas demand even as China’s domestic economy continued to grow.
  • But the proportion of China’s exports that are made in China has risen steadily in recent years as many companies move more of their supply chains, instead of just having final assembly work done here.
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U.S. Ports Seek to Lure Big Ships After Panama Canal Expands - NYTimes.com - 0 views

www.nytimes.com/...fter-panama-canal-expands.html panamax
shared by Gene Ellis on 10 Apr 13 - No Cached
  • The big ships — known as “Post-Panamax” and even “Super-Post-Panamax” — are already in heavy use worldwide, making up 16 percent of the container fleet but accounting for 45 percent of its capacity, according to a July report by the Army Corps of Engineers.
  • The Port of Virginia, in Norfolk, is ready to receive the big ships today. And New York is also prepared, thanks to a massive dredging project that began 13 years ago.
  • But nearly every port in the game still faces major challenges and expenses —
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  • Baltimore, which already has a 50-foot channel, has a bottleneck on the land side: the Howard Street tunnel, through which trains have to pass to reach the port, and which is too small to accommodate the double-stacked container cars that are increasingly the standard for rail shipping. The rail line CSX has announced a workaround that could cost hundreds of millions, involving a new yard beyond the tunnel filled with containers brought by truck; the port will load the trains with a single container to get through the tunnel, and the trains can be completed at the yard.
  • The big ships will also come via places beyond Panama: many are expected to come from Southeast Asia through the Suez Canal, and from South America’s eastern ports.
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In Japan, the Fax Machine Is Anything but a Relic - NYTimes.com - 0 views

www.nytimes.com/...e-is-anything-but-a-relic.html
shared by Gene Ellis on 15 Feb 13 - No Cached
  • Handwritten messages have long been a necessity in Japan, where the written language is so complex, with two sets of symbols and 2,000 characters borrowed from Chinese, that keyboards remained impractical until the advent of word processors in the 1980s.
  • But its very success has made the fax a hard habit to kick.
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Missing Growth Multipliers by Ashoka Mody - Project Syndicate - 0 views

www.project-syndicate.org/...conomic-outlook-by-ashoka-mody growth project syndicate
shared by Gene Ellis on 12 Dec 12 - No Cached
  • The eurozone has been at the epicenter of this contractionary force on global growth. Since eurozone countries trade extensively with each other and the rest of the world, their slowdowns have contributed significantly to a decrease in global trade, in turn undermining global growth. In particular, as European imports from East Asia have fallen, East Asian economies’ growth is down sharply from last year and the 2010 forecast – and, predictably, growth in their imports from the rest of the world has lost momentum.
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Gas Prices Moving Away From Link to Oil - NYTimes.com - 0 views

www.nytimes.com/...ing-away-from-link-to-oil.html oil
shared by Gene Ellis on 10 Jan 14 - No Cached
  • That leaves buyers with enormous risk. Oil, which sold for as little as $10 a barrel in the 1990s, when some current contracts were agreed, now costs about $100 per barrel,
  • “Anyone with standard oil-linked contracts is likely losing money in Europe and specifically Italy,
  • Gas bought under such contracts can be 10 percent to 15 percent more expensive than gas bought at spot market prices, he said. Over the past year, Eni's gas and power unit has reported an operating loss of about €812 million, or $1 billion.
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  • “These are not easy discussions,” Mr. Alverà said. “Most sellers are reluctant to sit down and give you big discounts. The more they wait the more they increase their profits.”
  • Still, analysts say it may take decades for Asia to switch from oil linkage to market pricing.
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The iEconomy - Nissan's Move to U.S. Offers Lessons for Tech Industry - NYTimes.com - 0 views

www.nytimes.com/...lessons-for-tech-industry.html
shared by Gene Ellis on 29 Oct 13 - No Cached
  • To train its new American engineers, Nissan flew workers to its Zama factory in eastern Japan. There the Nissan officials, assisted by English-speaking Japanese workers called “communication helpers,” imparted the intricacies of the company’s production techniques to the Americans.
  • Early on, Nissan guarded against quality concerns by not relying on parts from American suppliers. Most components were either shipped from Japan or produced by Japanese companies that set up operations nearby.
  • Gradually, American parts makers were allowed to bid on supply contracts. Even that came amid arm-twisting by Congress, which passed a law in 1992 requiring auto makers to inform consumers of the percentage of parts in United States-made cars that came from North America, Asia or elsewhere.
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  • But no place has benefited to the extent of Tennessee, which counts more than 60,000 jobs related to automobile and parts production.
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In Uzbekistan, the Practice of Forced Labor Lives On During the Cotton Harvest - NYTime... - 0 views

www.nytimes.com/...uzbekistans-cotton-fields.html uzbed SLAVERY
shared by Gene Ellis on 18 Dec 13 - No Cached
  • In Uzbekistan, the Practice of Forced Labor Lives On During the Cotton Harvest
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