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Archive for 12. September 2017

Electric Cars Reach a Tipping Point

Posted by hkarner - 12. September 2017

David Fickling is a Bloomberg Gadfly columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.

Say goodbye to gasoline. The world’s slow drift toward electric cars is about to enter full flood.

China, one-third of the world’s car market, is working on a timetable to end sales of fossil-fuel-based vehicles, the country’s vice minister of industry and information technology, Xin Guobin, told an industry forum in Tianjin on Saturday. That would probably see the country join Norway, France and the U.K. in switching to a wholly electric fleet within the lifetime of most current drivers. Den Rest des Beitrags lesen »

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The Future of the Global Economy

Posted by hkarner - 12. September 2017

September 10, 2017

– Benjamin Disraeli, prime minister of England, novelist

In any bureaucracy, the people devoted to the benefit of the bureaucracy itself always get in control, and those dedicated to the goals the bureaucracy is supposed to accomplish have less and less influence, and sometimes are eliminated entirely…. In any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. Examples in education would be teachers who work and sacrifice to teach children, vs. union representatives who work to protect any teacher including the most incompetent. The Iron Law states that in all cases, the second type of person will always gain control of the organization, and will always write the rules under which the organization functions. [Pournelle’s law of Bureaucracy]

– Jerry Pournelle, prolific science-fiction writer, August 7, 1933 – September 8, 2017 Den Rest des Beitrags lesen »

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European Union Grapples With Defiance on Its Eastern Edge

Posted by hkarner - 12. September 2017

Date: 11-09-2017
Source: The Wall Street Journal

Politicians in Hungary and Poland have resisted some decisions, targeted the bloc with harsh rhetoric

Hungarian Prime Minister Viktor Orban barely mentions his political rivals as he campaigns for a fourth term. Instead, he’s targeting the European Union and its biggest members.

“Our fiercest opponents are not in Hungarian opposition parties,” Mr. Orban said in a speech last week. “They are abroad… Berlin. Brussels.”

In neighboring Poland, government rhetoric is even harsher. Politicians have one-upped each other in attacking France and Germany, arguing they are forcing multicultural, liberal democracy on more traditional Poles. Commentators on state-run TV compare the EU to the Soviet Union. Den Rest des Beitrags lesen »

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