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A Damned Murder Inc: Kennedy’s Battle Against the Leviathan
By 15 2021
, AprilThe Eisenhower presidency would see Washington taken over by business executives, Wall Street lawyers, and investment bankers — and by a closely aligned warrior caste that
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The global supply chain of a semiconductor chip is complex and spans the globe.
For example, a camera image sensor produced by On Semiconductor is first created with wafers in Taiwan for packaging and testing, then to Singapore for storage, then on to China for assembly into a camera unit. The camera unit is sent to a Hyundai component supplier in Korea before being mounted on Hyundai vehicles in auto factories around the world, according to Reuters.
A shortage of that image sensor has resulted in Hyundai Motor’s plant’s idling in South Korea. Other automakers such a Ford Motors Co, General Motors Co, and Volkswagen are experiencing issues.
The example of On Semiconductor’s image sensor winding journey around the world shows just how difficult it is for the chip industry to increase capacity to address the current shortage.
Meanwhile, President Biden is attempting to address the shortage and has called for a massive effort to bolster the domestic chip industry. He’s proposed $50 billion to build out the chip industry as part of his $2 trillion infrastructure proposal. In doing so, the chip supply chain would be far less complex and able to adjust to market fluctuations much quicker.
Currently, the US only produces 12% of worldwide semiconductor manufacturing capacity, down a whopping 37% since 1990. Asia, on the other hand, commands more than 80% of the chip manufacturing market.
The complexity of the semiconductor global supply chain is outlined below:
The need to condense production for semiconductor chips appears to be necessary as it seems the current shortage is hard to solve with supply chains spanning the world.
Authored by Mike Shedlock via MishTalk,
Let’s check in on EU’s green energy policy and how countries meet green investment targets.
The EU mandates that that 30% of all EU expenditures be allocated to green projects. Eurointelligence discusses the Green Smokescreen and some amusing math as to how those targets are met.
If you took this target seriously, you would have to reform the Common Agricultural Policy. But the EU failed to do precisely that when they had an opportunity last year. Instead, the EU resorts to cheating.
The European Commission classifies investment in terms of 0%, 40% and 100% green content, and rounds up the numbers to the next higher target. So 1% becomes 40%. 41% becomes 100%.
You can always rely on EU leaders to put appearances ahead of content.
Reform of fiscal rules, a capital markets union, and changes in tax rules would produce more environmental investments and employment than a senseless competition for numerical climate change targets.
I also don’t believe this charade will work politically. When the mendacity of the EU’s climate policy becomes apparent, the centre will not only have lost the victims of the economic crisis, but an entire generation of young voters.
This is the thing with smoke and mirrors: when the smoke lifts, you see clearly.
The above article was published on March 13, 2021.
Eurointelligence reports today in “Greenwashed Out” that lobbyists consider the above demands as too strict.
The Commission has been working to update its green finance taxonomy because the most recent set of guidelines, published in 2019, were deemed too strict by some member states and industry lobbyists.
In layman’s terms, projects that are not green will still be labelled green, which defeats the purpose of the entire endeavor.
Nine members of the 57-strong group have threatened to quit over the latest proposal because it would allow companies that are not currently considered green to claim investments, such as highly efficient steel production, and classify them as taxonomy-aligned.
This means that the proposal will maintain a longstanding practice of mislabeling green investments. Under a previous set of guidelines, a system called the Rio markers was used to round up the green content of investments and projects. A project with even a tiny amount of green content would qualify as 40% green, and anything with more than 40% green content was rounded up to 100% green.
Clearly there is a need to round 1% up to 49% and 50% up to 120% or whatever.
In addition, let’s label steel production as green-aligned.
You may love or hate Trump’s approach to green projects but at least he was honest about what he was doing.
By 2050 the world population is forecast to grow 9.8 billion, up from 7.9 billion in 2021.
That’s a huge increase in carbon demand even if we reduce per capita demand.
Cherry Picking?
— Mike “Mish” Shedlock (@MishGEA) February 15, 2021
What the hell do you think is going to happen when everyone in China and India using mostly coal want higher standards of living?
You reaffirm the big problem ahead is totally outside US control.
Yet, Biden, AOC, etc. think the US can solve this with dollars
Even if the US footprint fell to zero (it won’t) it’s possible the net effect would be meaningless.
For discussion, please consider Global Net Zero Climate Change Targets are ‘Pie in the Sky’
For the first time in seven years, New York City has lost its title as the world’s billionaire capital.
Statista’s Niall McCarthy reports that in 2020, the Big Apple was displaced by Beijing which recorded a net gain of 33 billionaires. Beijing is now in top spot with 100 individuals worth a billion dollars or more, narrowly ahead of New York’s 99.
You will find more infographics at Statista
The findings come from the 2021 Forbes World’s Billionaires list which shows that a quarter of its 2,755 members live in just 10 cities with more than 10 percent resident in just four Chinese metropolises. Along with Beijing, Shanghai, Shenzhen and Hangzhou also make the list of the world’s top-10 billionaire capitals. Hong Kong, a special administrative region of China, is also present on the list and it comes third with 80 billionaires.
Even though New York is in second place, the collective worth of its billionaire population amounts to $560.5 billion, beating Beijing’s collective $484.3 billion. Zhang Yiming is the richest resident in the Chinese capital with a net worth of $35.6 billion while Michael Bloomberg is New York’s wealthiest inhabitant with a $59 billion fortune.
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