USA

August 20, 2010

Should India Retaliate over Discriminatory US Visa Fee on its IT Companies and if so How?

Note India is the 2nd faster growing economy in the world and presents a lucrative market for US MNCs facing a slowing domestic economy.Also unlike China,India does not have a deficit-surplus issue with the US.India is a crucial market for US which wants to double exports in the next 5 years.India can put punitive duties on imports of aircraft products.Note US exported more than $2 billion in airplane and space parts from the US in 2009 and is expected to grow this strongly in 2010 as well.India can easily replace Boeing with European manufacturer Airbus.India will be the biggest aircraft market in the world in the next 5-6 years as air traffic explodes.Airbus and Boeing are fierce rivals with their disputes frequently putting EU and the US government in WTO disputes.
August 20, 2010

Yet Another Chinese Company Anshan Steel gets Blocked from acquiring a USA Company

While US-China relations remain normal with the biggest trade relationship  in the world,there is always an undercurrent of mistrust between the world’s two largest economies.Chinese companies […]
August 20, 2010

US States Support Green Energy through Local Policies even as Federal Government is "Asleep at the Wheel"

the administration had done nothing.Instead of setting out a Renewable Energy Standard or a Feed in Tariff Policy,the President seems busier in giving speeches and photo-ops.The result has been that USA is lagging far behind Europe and China in the Green Energy area.Deutche Bank Asset Management which invests $6-7 billion out of its $700 Billion corpus in the Green Sector,has made a scathing attack on the lack of US Federal Support for Green Industry.The Bank said it would totally bypass US in making Green Investments and concentrate its energies on China and Europe.Solar Companies are already outsourcing Green Jobs to Mexico and China. US Companies are already recognizing China as a Leader in the Clean Technology Area .
August 16, 2010

Are Bond Markets signalling Greek Contagion Redux?

This almost 30% decline in US yield is due to a combination of factors like expectations of more monetary easing by Fed,deflation worries and disappointing US economic data.In lockstep with the the US Treasury yields,the German bunds have also been rising.The rise in German Bunds is despite very strong German economic data.The German economy expanded at the fastest pace in 23 years on Rising Exports.So the fall in Bund yield is confusing when seen in terms of the US Treasury and Economy relationship
August 16, 2010

First Solar's Showpiece 2000 MW Solar Plant in Inner Mongolia gets Stalled by Chinese Protectionism

China has come under a lot of criticism recently from conglomerates like GE and Siemens over discrimination being practised against non-Chinese companies.Massive implicit and explicit subsidies are bolstering Chinese companies against the Western ones as the government pushes the creation of National Champions in Green Technology.Through clever use of regulations and subsidies,Chinese companies are even challenging Western and Japanese companies in their own turf.
August 13, 2010

Germany Benefits from Greek Contagion as Weak Euro Propels Record Economic Growth;Global Imbalance Dangers Rising Again

Germany which was a Reluctant Rescuer of Spain and Greece during the Greek Contagion has emerged as the surprise beneficiary of the crisis.The country’s economists and […]
August 12, 2010

USA losing Green Jobs as Solar Companies shut US plants and Outsource Production to Mexico and China

This trend goes contrary to what US administration is advertising as the creation of a large number of Green Jobs due to the Stimulus.The Senate has given up on the Climate and Energy Bill while EPA's regulation of carbon emissions is also uncertain.Big investors are shunning the USA while putting money into Green Manufacturing and Investments as China takes over the Global Green Energy Leadership .
August 10, 2010

Shale Gas Companies illegally diverting Millions of Tons of Water in Pennsylvania

Only communities adjacent to the rivers can use this water.An Environmental Group has also accused the state EPA of colluding with these corporate interests.This may lead to huge lawsuits against these companies and force the Boom to a halt.Shale Gas is supposed to be the new energy panacea as the deposits can meet US energy needs for 20 years.However like other fossil fuels it will deplete leaving behind a legacy of ecological degradation and destruction.
August 10, 2010

India's IT Sector protests discriminatory US Protectionism;May Sour Close Relations between World's Largest Democracies

The new law will impose a $2000 annual via fee for companies with more than 50% of its employees in the US who are working on visas.The law is specifically targeted at Indian IT companies from the letter and spirit of the law.It remains to be seen how this affects the growing closeness in India-USA relations.Though India has shown maturity by not coming out with a sharp retaliatory action,it will sour relations.
August 6, 2010

Is Obama's expectation of a 40% US Marketshare of Vehicle Battery Industry Realistic?

President Obama has said that USA expects to capture 40% global marketshare of the EV/Battery Industry by 2015.This claim is predicated on the Massive Subsidies that […]
August 6, 2010

Veitnam's Civilian Nuclear Industy Contracts sees a Scramble between Great Powers

ote Nuclear Energy is seeing a Renaissance after being in cold storage for the last 2 decades.China and India have been in the lead signing contracts to build several Tens of Gigawatts of Nuclear Power.Enrichment of Nuclear Fuel which is a crucial component of making Nuclear Weapons will not be done in Vietnam.Many countries are forgoing this right to access Nuclear Technology.
August 5, 2010

Software Powerhouse India to finally acquire cyberwarfare capabilities

USA's NSA possesses formidable strengths in this area using American information technology which is the best in the world.USA has denied the export of critical encryption technology in order to safeguard its lead in the cyber security area.India is taking a leaf from these countries albeit in a late manner.India's plan will involve recruiting hackers and software professionals under the aegis of its intelligence agencies.A new law also will be passed to prevent exiting Indian laws from prosecuting these recruits.
August 3, 2010

Huawei fails to win US Telecom Assets once again despite higher bids

Huawei faces blacklisting from India on Security Concerns Huawei has been blacklisted by the Indian government from supplying telecom equipment due to security concerns.Despite strong lobbying […]
July 29, 2010

Rare Earth Mineral IPO looks risky – Molycorp seeks to raise upto $478 million to build Mojave Desert mine

Rare  Earth Minerals have been in the news because of their necessity in production of Clean Technology products and a virtual Chinese monopoly which controls almost […]
July 28, 2010

Germany adds as much Solar Energy in just 1 month as USA's entire Installed Solar capacity

According to the German Federal Agency,Germany added 1.7 GW of Solar Energy in the month of June.This bring the cumulative installed capacity for 2010 to 3.4 GW capacity compared to the 3.8 GW capacity installed in the entire 2009.The reduction in Feed in Tariffs in July 2010 has propelled the developers to finish all the projects by June 30 in order to qualify for the much higher electricity rates.
July 20, 2010

After overtaking USA in Carbon Emissions,China surpasses USA in Energy Consumption as well

China surpassed the USA as the largest emitter of Greenhouse Gases (GHG) in 2006 when it produced 6.2 billion tons of CO2 overtaking the USA at […]
July 19, 2010

USA objects to Chinese Nuclear Reactors Sales to Pakistan

India’s Nuclear Energy Growth plans has been facing obstacles from China which is using Pakistan as a proxy.Note Pakistan is the recepient of huge aid from […]
July 19, 2010

China's unfair treatment of MNCs comes under fire from Siemens and BASF also

China has recently come under strong criticism for unfairly treatment foreign companies.While MNCs are looking towards China as a source of growth ,Chinese are only interested in Technology that these companies offer.Rules and regulations are such that foreign companies are forced to tie up and share technology with local partners.This inevitably leads to local partners going on their own and competing with the same companies they got their technology from.China's Wind Energy Industry is a testament of this fact
July 18, 2010

The world's most powerful country has only Insensitivity and Callousness to give to its weakest citizens

USA is unarguably the world’s richest and most powerful country after the fall of the Soviet Union in the 1980s.The country  is the only superpower left […]
July 17, 2010

What US and Bangladesh have in common – Unemployment and Low Wages

The Global Financial Crisis is truly global in its character of inflicting misery and impoverishment amongst workers.Bangladesh and US which are two highly disparate countries in […]
July 16, 2010

Green Energy becomes Bigger than Fossil Fuel Energy in Europe and USA during 2009

Green Energy has increasingly become mainstream rather than a niche category supported by some environmental activists and hippies.This is proved by the fact that almost half […]
July 15, 2010

Billion Dollar Bailout Beneficiaries Fannie Mae and Freddie Mac block Renewable Energy PACE program to ostensibly "protect taxpayers"

Fannie Mae and Freddie Mac a cesspool of Corruption and Waste Fannie and Freddie Mae which would long have gone bankrupt after the Lehman crisis had […]
July 14, 2010

US Exim Bank criticized for providing credit finance to Mega Coal Power Plants in India and Africa

US Export Import Bank (Exim) is a government owned financial institution which helps support US trade through credit financing of exports/imports of US companies.The Bank is […]
July 14, 2010

Green Investing in South Korea – Hyundai plans to double solar capacity by 2011

LG and Samsung have already committed themselves to billion dollar investments into crystalline solar manufacturing.Not to be left behind South Korea’s Hyundai Industries which is known […]
July 5, 2010

Nuclear Energy in India faces external obstacles from old adversaries China and Pakistan

Landmark Nuclear Deal between US and India removes India’s pariah status The landmark Nuclear Energy deal signed between USA and India was supposed to herald the […]
July 3, 2010

Loan Guarantee of $1.85 Billion to Abengoa and Abound Solar seems to be a Misuse of US Taxpayer Money

President Obama declared $1.85 Billion in Combined Loan Guarantees to Concentrated Solar Power Giant Abengoa and Cadmium Tellurium startup Abound Solar.These huge guarantees is nothing new […]
July 2, 2010

General Electric CEO joins Google in criticizing China's discrimination against Foreign companies

The problems of Multinational Corporations (MNCs) operating in China seems to be growing by the day.Once the darling of MNCs around the world due to its […]
July 2, 2010

China approves only Domestic Automakers for Fuel Efficiency Subsidies

It was earlier reported that China would promotes its CleanTech Industry through Electric Vehicle subsidies.It would give between $7000-9000 in subsidies to Electric Vehicles and Hybrid […]
June 23, 2010

Oil Industry learns nothing from the BP Environmental Disaster,Opposes California's Green Laws and Ban of Drilling

The Oil Industry which had gone on the defensive with questions being raised about their commitment towards  environment and society has learned nothing from the BP […]
June 22, 2010

US may take China to the WTO over Rare Earth Mineral Export Restrictions

First the European Union raised an alarm over shortage of 14 materials used in new age Green Industries most of which are found in China.Now the […]