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.
Extreme Weather Conditions has increased in frequency this decade.In fact this decade is the hottest decade in records with temperatures making new records every year.While nothing can be said with a 100% possibility that it is due to Global Warming,the evidence is certainly pointing in that direction.
Honda’s strategy of promoting Hybrids is a good one as Hybrids make much more economic sense than EVs.Without massive government subsidies EVs are expensive big toys and will unlikely generate large sales or do anything to improve the environment.On the other hand Hybrids are an excelllent intermediate solution to the climate problems.
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 DOE has recently given to Battery Companies.This will help in increasing the USA marketshare from 2% last year to 40% by 2015.However this claim by Obama looks to be [...]
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.
Lithium has been claimed to be the “new oil” with a new dedicated ETF recently launched to take advantage of the investor interest in this area.Lithium which was virtually unused in any application until the 1990′s come into prominence after Sony introduced the first Lithium based batteries.Since then the usage of Lithium has grown by [...]