2018 Saw A Global Revolt Against Climate Change Policies

By Michael Bastasch From The Daily Caller  Re-Blogged From WUWT

  • 2018 saw a global revolt against policies aimed at fighting global warming
  • Australia, Canada, France and the U.S. have all seen push back against global warming policies
  • That included weeks of riots in France against planned carbon tax increases

Despite increasingly apocalyptic warnings from U.N. officials, 2018 has seen a number of high-profile defeats for policies aimed at fighting global warming. Politicians and voters pushed back at attempts to raise energy prices as part of the climate crusade.

It started in June with election of Ontario Premier Doug Ford. Ontario residents overwhelmingly voted Ford’s conservative coalition into power on a platform that included axing the Canadian province’s cap-and-trade program.

Continue reading

Advertisements

GM Plans More Than 14,000 Job Cuts, 7 Factory Closings

By Bloomberg – Re-Blogged From Newsmax

General Motors Co. will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles.

Four factories in the U.S. and one in Canada could be shuttered by the end of 2019 if the automaker and its unions don’t come up with an agreement to allocate more work to those facilities, GM said in a statement Monday. Another two will close outside North America. The Detroit-based company’s shares surged on the plan, which includes abandoning some of its slower-selling sedan models.

Continue reading

The Guardian: Support Climate Action or Face Hellfire

By Eric Worrall – Re-Blogged From WUWT

h/t Ivan Kinsman – According to The Guardian, if you don’t mend your wicked ways you will burn in climate driven hellfire. But the Guardian fails to identify the true culprits behind USA’s devastating wildfires.

Continue reading

Wanted: Non-Chinese rare-earth elements

The escalating US–China trade war and a newly enacted ban on defense acquisitions of high-performance permanent magnets made in China are underscoring US dependence on the Asian nation for rare-earth elements (REEs). Last month, the Trump administration backed away at the 11th hour from imposing steep tariffs on REEs from China, the source of nearly 90% of them, after appeals from US industrial consumers of the elements. The proposed duties, which would also have applied to some products that contain REEs, including some permanent magnets, catalysts, phosphors, and other chemicals, had been among the $200 billion worth of Chinese imports on which the White House had planned to levy duties at the border.

Trade War To Continue, Global Debt Default And Higher Interest Rates Unavoidable

By Mike Gleason – Re-Blogged From Silver Phoenix

Mike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies, and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known money manager and a fantastic market commentator, and it’s always great to have him here on the Money Metals podcast.

Well, Michael, you have recently written about why current problems in Turkey are definitely worth paying attention to. There are some similarities with the Asian crisis of the late 1990s which had ripple effects around the globe. The entire developing world is drowning in dollar denominated debt. If there are defaults, lenders in the first world, including major banks in Europe and the United States will have a real problem. Now, there have been a number of brief panics in recent years over the potential for default in places like Greece, Italy, Argentina. Officials seemed to have been able to kick the can and avoid a full-blown crisis, but one of these days people are going to be surprised and find out the reckoning for all the borrowing and debt has finally arrived. Turkey’s economy dwarfs that of Greece, so what do you make of the current events there, Michael? How serious are things really?

Continue reading

Housing Market Collapse 2.0 Accelerates Rapidly!

By David Haggith – Re-Blogged From Great Recession Blog

Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as the bellwether for a national housing market bust. Naturally a snowflake or two of criticism landed on my nose to say I knew nothing about real estate. That being the case, look at how the world has changed in so little time to catch up with me. An idea that you may have read here first is now mainstream news in every housing fact being reported across the nation and around the world.

Continue reading

Voters Rebelling Against Trudeau Carbon Taxes

By Eric Worrall – Re-Blogged From WUWT

The Economist worries that Canadians are electing powerful state politicians opposed to Trudeau climate policies.

Can Ontario’s new leader wreck Canada’s climate-change plan?

If Alberta supports him, he might do

The Economist explains
Jun 27th 2018 by M.D. | OTTAWA

DOUG FORD says his first official act as leader of Canada’s most populous province, Ontario, will be to kill the cap-and-trade programme put in place by the Liberal government that his Progressive Conservatives defeated earlier this month. As of June 29th, the date of the handover, Mr Ford promises that what he describes as “the cap-and-trade carbon tax” will be gone. The climate-change programme is provincial policy, but it also forms part of Canada’s national plan, which crucially depends on each of the 10 provinces and three territories reducing greenhouse-gas emissions. In withdrawing Ontario, the second-largest emitter after energy-rich Alberta, will Mr Ford wreck the national climate-change plan?

Continue reading