Wednesday, July 27, 2011

The Myth of Green Energy Jobs: The European Experience

"With $2.3 billion in Recovery Act tax credits allocated for green manufacturers, President Barack Obama and other Democratic politicians have high hopes for green technology. But their expectations clash with both economic theory and practical experience in Europe. Green programs in Spain destroyed 2.2 jobs for every green job created, while the capital needed for one green job in Italy could create almost five jobs in the general economy. Wind and solar power have raised household energy prices by 7.5 percent in Germany, and Denmark has the highest electricity prices in the European Union. Central planners in the United States trying to promote green industry will fare no better at creating jobs or stimulating the economy."

Continue Reading more By Kenneth P. Green

The Green Economy Withers -

"Green jobs were supposed to be our salvation, both for the earth and for the economy, according to the Obama administration. White House policy based on this flawed premise led to offshore and onshore drilling bans and the locking-up of energy-rich lands while huge alternative energy subsidies (aka "investments") found their way into the stimulus and other legislation.

As happens when government tries to pick winners and losers, the government lost — no, we all lost. As has happened in countries such as Spain, this misallocation of resources has succeeded only in stalling our economy as unemployment and debt grow.

In Spain's case, it was found that for every "green" job created, 2.2 jobs were lost in the rest of the economy."

The Green Economy Withers -

Friday, July 22, 2011

Apple: World’s Largest Smartphone Vendor

"Another notch in Apple’s belt. The iPhone maker has finally overtaken Nokia as the world’s biggest smartphone vendor."

There's A MacBook Air Glitch That Won't Let You Upgrade To Lion

Wednesday, July 13, 2011

Why It's So Important For Facebook To Work On Every Phone

Forex @ DailyFX - U.S. Dollar Plummets as Bernanke Suggests Further Easing on Horizon

Forex @ DailyFX - U.S. Dollar Plummets as Bernanke Suggests Further Easing on Horizon

The U.S. Dollar plummeted against a basket of currencies at 14:00 GMT as Federal Reserve Chairman Ben Bernanke began his testimony at the Semiannual Monetary Policy Report to the Congress, in which it was evidently clear that the Federal Reserve was ready to continue its loose monetary policy – and thus further devalue the U.S. Dollar – in order to boost growth prospects for the U.S. economy.