Posted on 12/26/2008 1:38:25 PM PST by shielagolden
Crist is trying to do this. My hope is that the legislature will stop him. The FDEP just had their first workshop on this. It’s scary what they want to do to us.
Is Maryland really part of the Northeast? Isn’t the border line between PA and MD also known as the Mason-Dixon line?
I’m currently selling carbon offsets. All procedes go directly to buying land in central america. Only one house,the care-takers... mine, will be allowed on the property.
The Mason-Dixon line was relocated to the median of Virginia’s Interstate 64 earlier this year. :-)
This is the next bubble.
All the power companies should shut down the power plants and erect a billboard in front of their enterances saying “GO TO HELL”
Didn’t Mason-Dixon get married when Maryland passed their queers get married law?
By their own definition, a successful auction of CO2 allowances means they were unsuccessful.
A success would have been a failure to sell allowances because there isn't any CO2 being emitted.
Blue Point to help China firms expand in U.S.
Fri Dec 26, 2008 ] By Samuel Shen and Pilly Zou
SHANGHAI (Reuters) - U.S. private equity fund Blue Point Capital Partners, which helps mid-sized firms in the United States invest in China, is eyeing new opportunities to help Chinese companies invest abroad, its Asia managing director said.
With U.S. companies cash-strapped by frozen credit markets, private equity firms such as Blue Point are changing strategy.
Blue Point aims to spend a quarter of its newly-raised, $400 million fund in China, helping local manufactures acquire U.S. companies, Chip Chaikin said in an interview in Shanghai.
“A couple of years ago, private companies in China weren’t ready to do it. Now, they recognize they need to grow somewhere else too, and they are more sophisticated and bigger,” he said.
“Entrepreneurs in China have a once-in-a-life-time chance to buy overseas technology, brand, market channels at a bargain.”
Blue Point, 3i Group Plc (III.L) and other private equity firms are suffering from the impact of a deepening global credit and economic crisis that has hurt the value of their investments and made exiting more difficult.
Blue Point has previously funded China expansion by five U.S. companies, including auto parts maker QSR and architectural & design firm Callison Architecture, but now, many U.S. companies are too cash-strapped to expand overseas.
“If they have cash, they want to do it. China is the only place they can grow,” Chaikin said. “But most of them don’t have cash.”
Meanwhile, Chinese companies are more eager to buy assets abroad, as an appreciating yuan makes overseas acquisitions cheaper, and the government calls for a change in China’s growth model, which relies too much on low-cost manufacturing.
“Many Chinese manufactures are at the bottom of the global industry value chain, struggling with thin margins,” said Chen Xiaoming, director of Blue Point Asia.
“We could help them climb up the value chain, by acquiring overseas brands and sales channels.”
Blue Point seeks to invest $15 million to $50 million of equity capital in mid-sized companies which generate revenue of between $25 million and $250 million, according to its website.
The 18-year-old firm set up an office in Shanghai in 2004, to help its U.S. portfolio companies tap growth opportunities in China, the world’s fastest-growing major economy.
(Editing by Jacqueline Wong)
U.S. coal producers increasingly find it more profitable to export their product:
With the falling dollar, selling to Asia, Europe or South America is giving coal producers a higher return than selling into the United States. “If I were running a coal company and I looked at what’s happening on Capitol Hill and the states, I’d be very inclined to send my marketing team overseas,” said Michael Morris, AEP chairman, president and CEO. “That’s where it appears the growth market is going to be, not here domestically.”
In 2007, the United States exported almost 60 million tons of coal. This year, many expect that figure to be between 80 and 90 million tons. Estimates for 2009 are even higher at 100 million tons. Through June of this year, producers sent 40.4 million tons overseas, up 57 percent from 2007.
In particular, note this:
Utah, Colorado and PRB coals are also traveling further and, recently, are being shipped in increasing amounts to the West Coast for deep-pocketed Asian customers.
As Ted Nace points out (via email), much of the Western coal in question is mined on leased public land. The federal coal leasing program rents out that land at $3 an acre with a royalty of “12% of the gross value of the coal produced.”
To translate that to English: American taxpayers are subsidizing coal being sent to China to be burnt in dirty coal plants and fry the planet.
There’s plenty of legitimate debate over how best to mitigate climate change, but surely everyone can agree on this initial strategy: stop subsidizing it.
Low LOW LOW PRICES on TONS OF CARBON!!!
...mitigate climate change? No amount of money is going to change the activity of the sun. Will this hoax ever get over itself?
Positive proof science education was woefully lacking 10-15 years ago.
Never assume these are mutually exclusive options when we are talking about politicians -- thief AND fool would be more likely.
What do they have to sell? What is the actual product or service that is being sold or passed to the buyer?
I read the whole thing and didn’t understand what they sold either.
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