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 [...]
