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POPSCommodity Prices Soar coffee, cocoa, palm oil. Money to be made from these notoriously 'unethical' products. If people really give a damn maybe now is time for a bit of sacrifice.
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POPSTruth about Western Economy: rise of the East Like a stuck record, there are smug voices going on about how the price of oil has always gone up and down, there have always been bulls and bears.... (Cp global temperatures have always risen and fallen and... and... ). This essay points to real oil and real resources and real consumption.
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POPSStill a Democracy. 'How about you?' The voters will decide, with a far stronger opposition media than exists in the USA proselytising against the government. Venezuelans have not lost civil liberties the way people in the US or the UK have in recent years, and ordinary citizens continue to have more say in their government, and share more in its oil wealth, than ever before. It is doubtful that the referendum will reverse these changes, regardless of the outcome. He does seem to be trying to give the poor some healthcare and some hope. 'How about you?'
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POPSFTSE tumbles as oil price soars towards $100 It could just keep on going. What will Gordon Brown's government do if there is a run on the pound? What will the Fed do, if there is a run on the dollar. It will not be able to cut interest rates as the stock market is hoping. What will the Federal Government do? Increase the deficit? Virtually impossible. Increase the tax on gas? If only ... but not likely. Can policy makers make any difference at this point? They can't magically change the numbers when it come to reckoning up the account. Or can they?
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POPSWho has the oil? Remember that the Saudis, Iraqis and Iranians are probably lying about their reserves.
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POPSOil Is Well But, hey, don't forget the good news! Last week the stocks went UP and the Dow Jones has returned to pre-9/11 growth levels.
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POPSMiddle East racing to Nuclear Power.
More: Egypt's nuclear plans have been reinvigorated in recent years, with Mubarak's son, Gamal, widely seen in Egypt as his father's favored successor, calling for the building of a reactor. Mubarak discussed nuclear power cooperation on state visits to Russia and China last year. For Egypt, the allure of nuclear power is apparent. Its oil consumption is growing and electricity demand is growing at about 7 percent a year. "Egypt can absolutely make a legitimate case for nuclear energy," says Mr. Fitzpatrick. "Its reserves are dwindling, it needs the oil and gas for export, and it needs to diversify its energy resources." Even major oil producers such as Saudi Arabia are, along with Iran, arguing that they need nuclear power. They say it's better to sell their oil than to burn it at home. My own statement: Unwittingly by not developing renewable energy sources the US, through consumption, is driving the Middle East toward Nuclear proliferation. Do a google search for
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POPSChina's Betrayal Of Israel:Fighter Jets Sale To Iran At a time when U.S. and Israeli officials are increasingly considering the heavy burden of having to attack Iran’s nuclear weapons related facilities, China’s sale of the J-10 to Iran may signal the beginning of a deeper Chinese effort to protect Iran’s nuclear aspirations, much as it has ensured North Korea’s nuclear weapons development. The J-10’s defensive capabilities would be formidable, as would its ability to perform all-weather strikes with new precision guided weapons against Israeli or U.S. targets. For Israel a J-10 sale to Iran would mark a sobering betrayal of Israel’s considerable efforts to help China’s military modernization, to include its substantial help with the J-10 program, and one of its air-to-air missiles, both of which may apparently arm Iran.
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