Today, a few newspapers trying to interpret Obama’s remarks on the auto industry make me feel like the President’s auto task force is planning to do exactly what I wrote on November 30th, 2008. Searching Google News you’ll find numerous articles claiming that Obama wants to split General Motors into a “good company” and a [...]
Three hours ago, President Obama outlined his plan for struggling U.S. car makers. He blamed a “failure of leadership from Washington to Detroit” for the dire situation of GM and Chrysler and forced GM’s CEO Rick Wagoner to resign. GM president Fritz Henderson - who had been president of Singapore-based GM Asia Pacific and later chairman [...]
[originally posted on my old blog on October 4th, 2008; updated March 29th 2009]
Nowadays, almost everybody is talking somehow about energy issues. Be it the majority of drivers squeezed at the gas pump or environmentalists worrying about the consequences of our exuberant energy consumption: greenhouse gas emissions and global warming. Others worry about the threat [...]
Singapore is leading Asia in Information and Communications Technologies according to the World Economic Forum. The South-East Asian business hub was ranked 4th on the Networked-Readiness Index (NRI) of the The Global Information Technology Report 2008-2009.
(http://www.weforum.org/en/initiatives/gcp/Global%20Information%20Technology%20Report/index.htm)
I recommend you to read my post Singapore determined to master the storm for more information on Singapore’s economy.
Being a global [...]
This concept was developed by CSEM (Swiss Center for Electronics and Microtechnology), a privately held research and development company. These “Solar Islands” should make it possible to transform large amounts of solar energy into electricity and hydrogen at a reasonable cost. The rotating solar islands could be set up in remote areas of the world with high solar irradiation. Floating [...]
The Anglo-Dutch oil company Royal Dutch Shell plc announced recently that it will no longer be investing in solar and wind power projects. When I first read that Shell dumps wind and solar power in favor of coal, natural gas, conventional oil and biofuels, I couldn’t believe how they tried to justify this incredibly stupid [...]
If you’re sitting on a lot of cash these days you’re definitely in a comfortable and very powerful position. And as cash-rich investors don’t want to see their money’s purchase power eroded over time, they’re making huge investments in underpriced companies.
The emirate of Abu Dhabi holds more than 8 percent of the world’s oil reserves and is [...]
The Chinese government’s stimulus package has helped to boost demand for cars in China’s domestic automobile market. Sales are up by a quarter from last year while demand has plummeted in all other major car markets. With car sales in the U.S. down by roughly 41% from a year earlier, China is passing the United States as [...]
Justin Fox is the business and economics columnist at TIME magazine. He’s posting daily on his blog “The Curious Capitalist” about what’s going on in the economy. In his post “Call Me Mr. Sunshine” he offers five reasons for economic optimism:
Call Me Mr. Sunshine
Actually he gives only four reasons to remain optimistic about the U.S. economy:
1.) “The [...]
The Chinese deserve great respect for what they have achieved in the past few decades. The most populous country on this planet is changing rapidly and at the same time, is considerably stable. The economic boom that set in after Deng Xiaoping introduced the socialist market economy in 1978 has lifted hundreds of millions of people [...]
