.Europe and UK remain in equally difficult conditions suffering to some extent from the debt induced overhang.Hong Kong and the rest of Asia in comparison have escaped relatively unscathed and countries in the region have resumed their strong growth trajectory.Its not a wonder then that global talent is looking at Asia for newer growth opportunities.Non-Resident Indians are migrating back to their homeland in record numbers to take advantage of the booming economy.Its the same in case of other Asian centres like Singapore,Hong Kong and Shanghai.Asian companies are now raising money from capital markets in HK rather than NY.
Carbon Capture and Storage (CCS) Technology is akin to putting Lipstick on a Pig (read Coal Power Plants).This Technology which has been hyped as the Green Answer to Coal’s Dirty Polluting Ways has never been proven on a commercial scale .Note the British Government promising CCS with every new Coal Plant.Despite numerous large pilot projects,the Technology remains immature.Even China which gets 80% of its electricity from Coal Power Plants and is the biggest emitter of GHGs,remains skeptical of this technology.
United Kingdom has been a laggard in climate change and global warming issues especially compared to its European neighbours.While countries like Italy,Germany and Spain have installed gigawatts of solar energy , UK has installed a measly 32 MW of solar energy till 2009.While UK’s geographical location is not particularly suited for solar energy,Germany does not […]
Standard Chartered IDR closed below its listing price of Rs 104 in the Indian Market.A Review of Standard Chartered IDR had revealed severe disadvantages for retail investors.In Seven Reasons Why StanChart IDR was not a good buy, I had listed out the shortcomings of the IDR instrument and Standard Chartered as a stock.It seems that […]
The Spanish government which moved quickly to cut its Fiscal Deficit following the Greek crisis is now facing a major challenge from the Spanish Unions.The government has cut public sector salaries and is trying to reform the rigid labor laws.The hand of the government has been forced by the Ratings Cut and high yields on […]
As I have been writing in my earlier posts , EU leaders are continuing to put the blames of the EU debt crisis on “speculators” and the “Market” rather than themselves.They are not willing to see the core problems with the constitution of the EU itself where the monetary policy is common while the fiscal […]