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Gene Ellis

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

  • 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.
Gene Ellis

Search for New Oil Sources Leads to Processed Coal - New York Times - 0 views

  • Unless the factory captures the carbon dioxide created during the process of turning coal into diesel fuel, the global warming impact of driving a mile would double.
Gene Ellis

What a floating currency gives and what it does not - FT.com - 0 views

  • In times of panic, money tends to flee there from weaker member countries, causing fiscal and financial crises.
  • Part of the reason performance has disappointed is that its fall in productivity growth has partly offset the devaluation.
Gene Ellis

A Mafia Legacy Taints the Earth in Southern Italy - NYTimes.com - 0 views

  • A Mafia Legacy Taints the Earth in Southern Italy
  • Camorra
  • One environmental group estimates that 10 million tons of toxic garbage has been illegally buried here since the early 1990s, earning billions of dollars for the mafia even as toxic substances leached into the soil and the water table.
Gene Ellis

As Prime Russian Trading Partner, Germany Appears Crucial to Ending Crisis - NYTimes.com - 0 views

  • As Prime Russian Trading Partner, Germany Appears Crucial to Ending Crisis
  • Germany is now heavily reliant on Russia for its energy needs, importing more natural gas from Russia than any other country in Europe
  • the German chancellor has called for a more diplomatic solution, preferring more limited actions like many of her European counterparts.
  • ...3 more annotations...
  • Germany is the second-largest foreign investor in Ukraine behind Cyprus, which is a transit point for Russian money.
  • About three-quarters of the gas and oil that Germany imported in 2013 came from Russia. The country also acts as a major gas transit hub for countries like France.
  • “Germany in particular is dependent on Russian gas,”
Gene Ellis

Secret History of Silicon Valley - YouTube - 0 views

shared by Gene Ellis on 07 Mar 14 - No Cached
  • Secret History of Silicon Valley
Gene Ellis

The iEconomy - Nissan's Move to U.S. Offers Lessons for Tech Industry - NYTimes.com - 0 views

  • Along with many economists, Mr. Summers argued that an overly aggressive trade stance could hurt manufacturing — by, for instance, pushing up the price of imported steel used by carmakers — and over time, drive companies away.
  • “People will pay more for the product because it’s produced in a place that can’t make it at the lowest cost,” he said. “It burdens exporters because they pay more for their inputs. And it removes the spur of competition.”
Gene Ellis

BBC News - China buying '70% of our coal', says Continental Coal - 0 views

  • China buying '70% of our coal', says Continental Coal
Gene Ellis

Maria van der Hoeven: How to Fix the 21st Century's Dirty Engine of Growth - 0 views

  • A single, large coal plant, if built with the best-available technology, can reduce emissions by the annual equivalent of taking a million cars off the road compared to the subcritical coal-plant technology still prevalent in most countries.
Gene Ellis

Laura Tyson , Eric Drabkin and Ken Serwin make the case for territorial taxation of US ... - 0 views

  • Which Corporate Taxation for America?
  • The current system, all agree, is deeply flawed: the corporate tax rate is too high by global standards, and the corporate tax base is too narrow, owing to numerous credits, deductions, and special provisions that distort economic decisions.
Gene Ellis

Fixing the eurozone is a labour worthy of Hercules - FT.com - 0 views

  • But more important is the manner in which a damning verdict from the voters would make governments more cautious about eurozone integration, limiting the extent to which the strong support the weak and all feel they are in the same boat.
  • These four steps are: to set up a comprehensive banking union; to ensure hard-pressed companies in recession-hit southern Europe receive credit at interest rates comparable to those enjoyed by their competitors in the north; to reduce mass unemployment, especially among youth; and to make sustainable the public debts of Greece and other states deep in hock.
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