Thursday, July 09, 2015

Follow The Money?

English: To create this SVG-format logo, I too...
English: To create this SVG-format logo, I took the EPS file at Brandsoftheworld.com, ran it through pstoedit, and then did the following modifications using Inkscape and Notepad: fixed priority (center of "O" in "Exxon"), centered on a correctly sized grid, and made markup simpler and more readable. Used in Exxon. Source: http://static.seekingalpha.com/wp-content/seekingalpha/images/thumb-Exxon_01.jpg Category:Oil company logos (Photo credit: Wikipedia)
Exxon knew of climate change in 1981, email says – but it funded deniers for 27 more years
ExxonMobil, the world’s biggest oil company, knew as early as 1981 of climate change – seven years before it became a public issue ...... the firm spent millions over the next 27 years to promote climate denial. ...... Exxon’s public position was marked by continued refusal to acknowledge the dangers of climate change, even in response to appeals from the Rockefellers, its founding family, and its continued financial support for climate denial. Over the years, Exxon spent more than $30m on thinktanks and researchers that promoted climate denial, according to Greenpeace. ....... Some climate campaigners have likened the industry to the conduct of the tobacco industry which for decades resisted the evidence that smoking causes cancer. ...... Climate change was largely confined to the realm of science until 1988, when the climate scientist James Hansen told Congress that global warming was caused by the buildup of greenhouse gases in the atmosphere, due to the burning of fossil fuels. ....... “One thing that occurs to me is the behavior of the tobacco companies denying the connection between smoking and lung cancer for the sake of profits, but this is an order of magnitude greater moral offence, in my opinion, because what is at stake is the fate of the planet, humanity, and the future of civilisation, not to be melodramatic.” ...... “The science in 1981 on this subject was in the very, very early days and there was considerable division of opinion,” Richard Keil, an Exxon spokesman, said. “There was nobody you could have gone to in 1981 or 1984 who would have said whether it was real or not. ...... “We have been factoring the likelihood of some kind of carbon tax into our business planning since 2007. We do not fund or support those who deny the reality of climate change.” ...... Other companies, such as Mobil, only became aware of the issue in 1988, when it first became a political issue ..... Naomi Oreskes, a Harvard University professor who researches the history of climate science, said it was unsurprising Exxon would have factored climate change in its plans in the early 1980s – but she disputed Bernstein’s suggestion that other companies were not. She also took issue with Exxon’s assertion of uncertainty about the science in the 1980s, noting the National Academy of Science describing a consensus on climate change from the 1970s. ....... “I believe that the conduct outlined in the UCS report puts the fossil fuel companies’ social license at risk. And once that social license is gone, it is very hard to get it back. Just look at what happened to tobacco companies after litigation finally pried open the documents that exposed decades of misinformation and deception.” ....... Political battles need to personify the enemy. This is why liberals spend so much time vilifying the Koch brothers – who are hardly the only big money supporters of conservative ideas. In climate change, the first villain was a man named Donald Pearlman, who was a lobbyist for Saudi Arabia and Kuwait. (In another life, he was instrumental in getting the US Holocaust Museum funded and built.) Pearlman’s usefulness as a villain ended when he died of lung cancer – he was a heavy smoker to the end. ....... ExxonMobil has not lost its position as the personification of corporate, and especially climate change, evil. ....... Having spent twenty years working for Exxon and ten working for Mobil, I know that much of that ethical behavior comes from a business calculation that it is cheaper in the long run to be ethical than unethical.

Tuesday, July 07, 2015

Political Reform For China

China is a one party state. It is a wounded civilization. How would you feel if you were Mayor of town generation after generation, and suddenly they conspire against you make you the town janitor? China is the emperor who is no longer the emperor in the movie The Last Emperor, or at least was until about 1990. Now the Mayor is back in town.



China is an ancient civilization and you have to respect that if you want to deal with it.

So it is a matter of pride. China is not about to become a multi-party democracy where the communist party is no longer above the state. But there still is need for political reform.

One idea would be that the communist party would select two people for every office, be it Mayor or Governor, or President, and the people, through adult franchise, would vote and pick one of the two. Both candidates would get equivalent funds from the party for campaigning.

This would be bold, this would retain the one party state, this would be a major, visible move.

Another, my favorite, is, Mr. Xi, "tear down this wall" you have wrapped around the Internet.

China: A Complex Picture
Kunming Kolkata
Bihar@2025 = $240 Billion
१५% Growth Rake कैसे Achieve करें
मोदी और सौर्य उर्जा
A Genuine World Government
मोदी, नीतिश, नेपाल, नेपालके मधेसी और मैं
So Much For The Butterfly Effect
Modi: A Force Of Nature
Elon Musk's Hyperloop And India
न्यु यर्क मेरा होमटाउन
Climate Change, Terrorism, Poverty, World Government

Nearly 25% of Chinese stocks have stopped trading
China's stock markets have now lost $3.25 trillion. To put that in perspective, that's more than the size of France's entire stock market and about 60% of Japan's market.
Greek crisis is nothing compared to China
Why does this matter to people outside of China? A rapidly sinking stock market is often a sign of an economy in turmoil. Remember 2008? And 2000? .... U.S. banks have nearly ten times as much exposure to China than Greece.