Keyword: production

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  • Special Report: How fracking helps America beat German industry

    06/02/2014 5:40:30 AM PDT · by Freeport · 4 replies
    Reuters ^ | Mon Jun 2, 2014 | Christoph Steitz and Ernest Scheyder
    (Reuters) - Nestled in the green hills of southern Germany, chemical giant Wacker Chemie churns out a wide range of products, from an ingredient for chewing gum to the polysilicon crystals in solar cells. The electricity to produce all that - enough power for more than 700,000 households annually - has become more costly at Wacker’s main factory in Burghausen. It has played a big part in pushing up the firm’s total energy bill by 70 percent over the last five years, to nearly half a billion euros. It’s a different story across the Atlantic in the U.S. state of...
  • Detroit's 1942 WWII 'Blackout Specials' Rare, Prized Collectibles Today-

    05/27/2014 5:08:26 AM PDT · by Reaganite Republican · 24 replies
    Reaganite Republican ^ | 27 May 2014 | Reaganite Republican
    1942 Dodge 'blackout' (Library of Congress) More/photos at Reaganite Republican...
  • Ammunition Availability, Shortages, and .22 Production

    03/07/2014 10:05:16 AM PST · by marktwain · 50 replies
    Gun Watch ^ | 8 March, 2014 | Dean Weingarten
    The first time I heard about a shortage of ammunition was from my father, who talked about how ammunition was impossible to get during World War II.  As I now own the .22 rifle that had kept much of the neighborhood in venison during the depression (he told me that it had accounted for about 200 deer over the decades, as it was loaned out to neighbors),  I made the mental note that I would not be caught short in a future conflict. As a young adult I noticed a special on Remington .22 ammunition under the Peters brand...
  • Pending Home Sales Fall By Most Since 2010, Capacity Utilization Still Below 80%

    10/28/2013 7:23:12 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 10/28/2013 | Anthony B. Sanders
    Pending home sales in the USA fell 5.6% in September, the biggest drop since 2010. phs102813 Of course, the rise in the US Treasury 10 year yield has cooled off pending home sales. phsmortgagesept13 Meanwhile, capacity utilization in the USA rose to 78.3%, shy of the point when The Fed has historically raises The Fed Funds Rate Target to cool down the economy. caputefed102813 Back in the Reagan Recovery in the 1980s and the Clinton Recovery in the 1990s, we saw capacity utilization rise above 80% signalling an over-heating economy. And The Fed reacted with increases in The Fed Funds...
  • Production Obstruction: Critics cite mounting evidence that Obama administration is blocking oil

    03/25/2013 12:14:29 PM PDT · by Nachum · 9 replies
    Free Beacon ^ | 3/25/13 | Lachlan Markay
    Delays in federal permitting for oil and gas exploration on public land is likely reducing national energy production and depriving the federal government of revenue, according to a federal report released Friday. The report is the latest addition to a mounting body of evidence undercutting the administration’s claims that it has fostered increased oil and gas production, critics say. Production on lands the federal government controls has plummeted during Barack Obama’s presidency. The United States Department of Agriculture’s (USDA) inspector general examined 1,881 applications for drilling permits on public land. Fewer than 4 percent of those applications were “recent,” or...
  • Just What Was Fundamentally Wrong with Bolshevism?

    11/29/2012 5:29:21 AM PST · by SJackson · 45 replies
    Frontpagemagazine ^ | November 29, 2012 | Steven Plaut
    I recently read the new biography of Trotsky by Oxford don Robert Service, published in 2009 by Pan Books. It is well-written and surprisingly interesting. The book does a great public service in describing the life of the actual Trotsky, whose previous “biographies” were little more than hagiographies written by his toady worshippers (people like Isaac Deutscher). The last time that I had taken any interest in Trotsky was when I was a teenager and had fleeting delusions of believing in “socialism.” Reading the new book as an adult and as an economist, I found it a useful opportunity to...
  • Obama Lectures Romney On Cargo Cult Economics [the price of gas]

    10/18/2012 2:29:08 AM PDT · by Cincinatus' Wife · 8 replies
    Red State ^ | October 17, 2012 | steiff
    There were several surreal moments in the debate last night between the Democrat candidate for president, Barack Obama, and the American candidate Mitt Romney. While most are focused on Obama’s stunningly brazen lie about his statement of the attack on our Benghazi embassy, the more telling episode showed that Obama is simply disengaged from reality as it is experienced by most people. From the transcript: >>>"ROMNEY: That was a statement. I don’t think the American people believe that. I will fight for oil, coal and natural gas. And the proof, the proof of whether a strategy is working or not...
  • Slowest Recovery Since 1882: Homebuilder Enthusiasm, Inflation and Industrial Production

    10/16/2012 10:17:53 AM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 10/16/2012 | Anthony B. Sanders
    As Professor John Taylor of Stanford University has observed, this is the slowest economic recovery since President Chester Arthur in 1882. Hence, I am not surprised that economic indicators struggle to increase to pre-recession levels. The National Association of Homebuilders Confidence Index rose to 41 in September from 40 in August. While this this is the highest reading since the end of the recession, it is still below the breakeven point of 50. Well, confidence could be attributed to the Fed’s mega-pushdown of mortgage rates. While one can say “It’s about time!” since the recession ended in June 2009, other...
  • North Dakota has surpassed Alaska in crude oil production.

    06/15/2012 8:46:03 PM PDT · by moonshot925 · 18 replies
    EIA ^ | June 15 2012
    In March 2012 Alaska produced 17,592,000 barrels of crude oil. In March 2012 North Dakota produced 17,840,000 barrels of crude oil. North Dakota is now the 2nd largest producer of crude oil in the USA behind Texas.
  • U.S. Industrial Output Falls (Yes that word again)

    06/15/2012 7:37:16 AM PDT · by C19fan · 31 replies
    Wall Street Journal ^ | June 15, 2012 | Tom Barkley and Ian Talley
    U.S. industrial production unexpectedly fell in May, with a slump in manufacturing activity providing another sign of concern for the economic recovery. Industrial production last month slipped 0.1%, the Federal Reserve said Friday. April's output figures were revised down slightly to a 1.0% gain, versus an initial estimate of a 1.1% jump.
  • Crude Petroleum Production 1938

    06/08/2012 7:18:55 PM PDT · by moonshot925 · 4 replies
    June 8 2012 | me
    I got this data from the "League of Nations Statistical Yearbook". It is amazing how much petroleum we produced. 60% of the world's output !!!
  • Steel Output in 1913, 1920 and 1930 (vanity)

    06/07/2012 7:41:15 PM PDT · by moonshot925 · 17 replies
    Paul Kennedy
    I found some statistics for raw steel production in "The Rise and Fall of the Great Powers" by Paul Kennedy. Page 200, Table 15.
  • Boxer, Inhofe trade jabs over Obama’s energy production numbers

    03/22/2012 11:24:45 AM PDT · by Nachum · 15 replies
    Washington Free Beacon ^ | 3/22/12 | CJ Ciaramella
    It was supposed to be a hearing about the Environmental Protection Agency’s requested 2013 budget, but Obama’s energy policies still managed to take center stage for a time at a Senate Environment and Public Works Committee hearing Thursday. During opening statements at the hearing, Sen. Jim Inhofe (R., Okla.) and Sen. Barbara Boxer (D., Calif.) traded jabs over President Obama’s energy production numbers until Boxer, also the committee chairwoman, banged her gavel to put an end to the conversation. Full transcript: SEN. BARBARA BOXER: So all this talk about how the president is against this is incorrect. He is for...
  • Under Obama, Oil and Gas Production on Federal Lands Is Down 40%

    01/18/2012 2:22:30 PM PST · by Nachum · 13 replies
    Heritage ^ | 1/18/12 | Rob Bluey
    In his announcement rejecting the Keystone XL pipeline today, President Obama boasted that under his administration, “domestic oil and natural gas production is up.” Obama, of course, failed to mention that his administration can’t actually take any credit for the increase. The vast majority of America’s oil and gas production is happening on private lands in states like North Dakota, Alaska and Texas. It’s not that Obama is devoid of responsibility. His administration oversees oil and gas production on federal lands by issuing leases. But when measuring oil and gas production in areas under Obama’s jurisdiction, the numbers tell a...
  • Opium production soars in Afghanistan: UN

    01/12/2012 2:08:43 PM PST · by NormsRevenge · 7 replies
    Yahoo ^ | 1/12/12 | AFP
    Production of opium and the illicit crop's value soared in Afghanistan last year, the United Nations said in a report released Thursday. According to the UN's Office on Drugs and Crime, farmer income derived from Afghanistan's opium crop in 2011 was $1.4 billion (1.09 billion euros), representing nine percent of GDP. "Opium is therefore a significant part of the Afghan economy and provides considerable funding to the insurgency and fuels corruption," Yury Fedotov, executive director of the UN office, said in a statement. Afghanistan grows about 90 percent of the world's opium. The UN said poppy-crop cultivation covered more than...
  • Former POW Jessica Lynch finishing teaching degree

    12/15/2011 8:39:11 AM PST · by Kartographer · 51 replies
    AP/YahooNews ^ | 12/14/11 | By VICKI SMITH
    Jessica Lynch was just 19 when the world first saw her — a broken, blond soldier caught on combat video in Iraq, her face wearing something between a grimace and a grin. The Army supply clerk was being carried on a stretcher after nine days as a prisoner of war. She had been captured along with five others after the 507th Maintenance Company took a wrong turn and came under attack in Nasiriyah on March 23, 2003. Eleven of her fellow soldiers died. Lynch had joined the Army at 18 to earn money for college and become a school teacher....
  • Hamas sets up rocket production line in Sinai

    12/10/2011 11:02:14 PM PST · by Nachum · 9 replies
    Jpost.com ^ | 12/101/11 | YAAKOV KATZ
    By establishing facilities in Egypt, group aims to protect its assets since it believes Israel won't strike targets inside Egypt due to affect it would have on bilateral relations. Hamas has established forward bases and rocket production facilities in the Sinai Peninsula in an effort to protect them from Israeli air strikes, The Jerusalem Post has learned. By establishing the facilities in Egypt, Hamas aims to protect its assets since it believes Israel will not strike targets inside Egypt due to the affect it would have on bilateral relations.
  • Industrial production edges up 0.2% in September

    10/18/2011 6:43:10 AM PDT · by Free Vulcan · 1 replies
    Marketwatch ^ | 10.17.11 | Steve Goldstein
    The nation’s industrial production rose 0.2% in September, capping a third-quarter rebound in activity for the manufacturing sector, the Federal Reserve reported Monday. Though the headline gain was stronger than the 0.1% that economists polled by MarketWatch had forecast, August’s reading tracking output by factories, mines and utilities was downwardly revised to zero from an initially reported 0.2% growth.
  • Climate change could shrink chocolate production: report

    10/12/2011 9:07:30 AM PDT · by NormsRevenge · 52 replies
    Los Angeles Times ^ | 10/12/11 | Tiffany Hsu
    Scientists say climate change will eventually claim many victims -– including, according to a new report, chocolate. As temperatures increase and weather trends change, the main growing regions for cocoa could shrink drastically, according to new research from the International Center for Tropical Agriculture. Ghana and the Ivory Coast –- which produce more than half of the global cocoa supply –- could take a major hit by 2050. Currently, the optimal locations to grow the crop are about 330 feet to 820 feet above sea level, with temperatures of about 72 degrees Fahrenheit to 77 degrees. That range will soar...
  • Industrial output up 0.2% in August: Rise beats expectations

    09/15/2011 6:53:52 AM PDT · by Free Vulcan · 7 replies
    Marketwatch ^ | 9.15.11 | Greg Robb
    U.S. industrial production rose 0.2% in August after a strong 0.9% gain in July. Production is now up in four straight months. Economists had expected no change in industrial output in August.. Capacity utilization increased 0.1 percentage point to 77.4% in August, the highest level since August 2008.
  • "Congress shall make no law ..."

    06/02/2011 10:50:02 AM PDT · by OldNavyVet · 31 replies
    Atlas Shrugged (paperback page 1083) | 1957 | Ayn Rand
    "Congress shall make no law abridging the freedom of production and trade ..."
  • Understanding Liberals

    05/16/2011 3:53:00 PM PDT · by library user · 24 replies
    IBM ^ | May 16, 2011 | by Walter Williams
    ~ EXCERPT ~ **snip** The sane among us recognize that in a free society, income is neither taken nor distributed; for the most part, it is earned. Income is earned by pleasing one's fellow man. The greater one's ability to please his fellow man, the greater is his claim on what his fellow man produces. Those claims are represented by the number of dollars received from his fellow man. Say I mow your lawn. For doing so, you pay me $20. I go to my grocer and demand, "Give me 2 pounds of steak and a six-pack of beer that...
  • Obama war on oil production threatens Alaska pipeline

    05/11/2011 4:27:46 PM PDT · by Nachum · 5 replies
    Washington Examiner ^ | 5/11/11 | Conn Carroll
    I''m glad Andrew Sullivan has responded to my Sarah Palin piece. You'd hate to write as much about her as I did and not have it register on the Dish. That would be like if you were a large white whale and Ahab just ignored you. Andrew's response covers a lot of terrain, and I agree with his point that Alaska is essentially a socialist state, or more accurately, a ward of the federal government (for more on that, see this excellent Charles Homans piece in the Washington Monthly). In fact, its perverse tax structure is one reason why Alaska...
  • Japan: Industrial production posts largest drop(15.3%)

    04/29/2011 7:13:06 AM PDT · by TigerLikesRooster · 1 replies
    Asahi Shimbun ^ | 04/29/11
    Industrial production posts largest drop 2011/04/29 Japan's industrial production plunged by a record 15.3 percent in March as the Great East Japan Earthquake slashed output at automakers and other manufacturers. The index of industrial production fell to 82.9 for the first decline in five months, according to a preliminary report released April 28. The industry ministry downgraded its assessment of industrial production for the first time since September 2010, although it said production is expected to recover.
  • Video: Iraqi oil ministry prepares for massive increase in production

    04/26/2011 11:31:07 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 04/26/2011 | Ed Morrissey
    Remember how the war in Iraq was just to steal Iraqi oil? CNN reports today that the Iraqis are now preparing to keep the profits of their own resources, rather than having them line the pockets of the tyrant Saddam Hussein. The Oil Ministry will auction 12 new exploration zones as Iraq attempts to boost production fivefold in the next six years: To put these plans in perspective, oil production in Iraq prior to the 2003 invasion was 2.6 million barrels per day. Saddam Hussein sold it through the UN’s Oil-for-Food Programme, a bypass for sanctions that was supposed to...
  • Toyota To Suspend More Output In N America Due To Parts Supply Delay(4-day weekend)

    04/20/2011 6:25:26 AM PDT · by TigerLikesRooster · 5 replies
    Nikkei ^ | 04/20/11
    Wednesday, April 20, 2011 Toyota To Suspend More Output In N America Due To Parts Supply Delay NEW YORK (Kyodo)--Toyota Motor Corp. will fully halt manufacturing operations at its 14 North American factories on Mondays and Fridays during the period from April 26 through June 3 due to disruptions in parts supply caused by the March 11 earthquake-tsunami disaster in Japan, the company said Tuesday.
  • U.S. industrial output rises solid 0.8%

    04/15/2011 6:42:41 AM PDT · by Free Vulcan · 34 replies
    Marketwatch ^ | 4.15.11 | Greg Robb
    WASHINGTON (MarketWatch) — U.S. industrial production rose a solid 0.8% in March, with broad-based gains across sectors, the Federal Reserve reported Friday . It was the fifth straight gain in factory output, as manufacturing continues to lead the economy. The increase was a modest upside surprise as economists were expecting a 0.6% gain. In the first quarter, industrial output rose at a 6% annual rate, faster than the 3.2% rate in the final three months of 2010.
  • New York manufacturing gauge best in a year

    04/15/2011 6:09:56 AM PDT · by Free Vulcan · 5 replies
    Marketwatch ^ | 4.15.11 | Steve Goldstein
    WASHINGTON (MarketWatch) — Business conditions for New York state-based manufacturers in April were the best in a year as new orders surged, according to a survey of executives released Friday. The Empire State manufacturing survey rose for a fifth consecutive month in April, with general business conditions increasing over four points to a reading of 21.7, the Federal Reserve Bank of New York said. Economists polled by MarketWatch had expected a dip to 15.5, down from 17.5 for March. The new orders index for April jumped 17 points, to 22.3, and the shipments index shot up 27 points to 28.3,...
  • REUTERS FLASH: Toyota says to halt all production in Japan until at least March 16

    03/13/2011 9:44:55 PM PDT · by tcrlaf · 14 replies
    Reuters Live Blog ^ | 1-14-11 | Reuters
    This a Rueters flash... As was just discussed on NHK, Japan is having severe power problems in the North. I wonder how this will affect U.S. Production?
  • Philly Fed’s factory index hits seven-year high

    02/17/2011 9:15:16 AM PST · by Free Vulcan · 13 replies
    Marketwatch ^ | 2.17.11 | Gregg Robb
    WASHINGTON (MarketWatch) — An index tracking manufacturing activity in the Philadelphia region jumped in February to its highest level since January 2004, a sign that the factory sector is gaining strength, the Federal Reserve Bank of Philadelphia reported Thursday. The Philly Fed business condition index rose to 35.9 in February, up from 19.3 in January — an increase much stronger than expected. Economists polled by MarketWatch had expected the index to tick higher, but just to 20.8. See MarketWatch economic calendar.
  • First, Build Your(F-35) Jets

    02/09/2011 3:56:06 PM PST · by ErnstStavroBlofeld · 3 replies · 1+ views
    Aviation Week and Space Technology ^ | 2/9/2010 | Bill Sweetman
    A good deal of our coverage of JSF has been focused on flight testing, and that is the focus of the latest program changes revealed since the turn of the year. However, there are also problems affecting the JSF production effort. As noted in yesterday's post, briefings by JSF program office leaders (then-director Maj Gen Charles Davis in September 2008 and deputy director Brig Gen CD Moore a year later) set out the planned first flight and delivery dates for the remaining systems development and demonstration (SDD) aircraft. All were missed with one exception - the first flight of BF-2...
  • Can we survive Obama? Yes we can! All we need to bounce back is already in place

    02/09/2011 7:11:16 AM PST · by jmaroneps37 · 10 replies
    coachisright.com ^ | FEBRUARY 9TH, 2011 | Kevin “Coach” Collins
    In spite of our smashing victories last November there are still linger concerns that even this great social upheaval may be too late. The media’s constant drum beat is that America is fading and China will inevitably be our masters. In fact the most recent Rasmussen poll tells us just 35% of likely voters think America’s best days are yet to come while an alarming 45% say we’ve seen our best days and have little to look forward to. Using the ability to out produce rivals as the best measure of likely mastery of the future shows America’s doom and...
  • START OF SHOOT DATE ANNOUNCED FOR ‘THE HOBBIT’ MOVIES

    02/06/2011 8:38:55 PM PST · by Lucius Cornelius Sulla · 27 replies · 1+ views
    The One Ring Net ^ | February 6th, 2011 | xoanon
    Monday 7 February, Wellington – Production company, 3Foot7 Ltd, is pleased to announce that the first day of principal photography for THE HOBBIT will be Monday 21 March, 2011.This date has been chosen following practical considerations of the filming schedule requirements, actor availability and the NZ seasons. Shooting will take place at Stone Street Studios in Miramar and on location around New Zealand.Confirmed cast include: Martin Freeman, Ian McKellen, Richard Armitage, Ken Stott, Graham McTavish, William Kircher, James Nesbitt, Stephen Hunter, Rob Kazinsky, Aidan Turner, Peter Hambleton, John Callen, Jed Brophy, Mark Hadlow, Adam Brown, Cate Blanchett, Andy Serkis, Mikael...
  • Army amps up Iraq’s power production

    05/28/2010 4:56:07 PM PDT · by SandRat · 3 replies · 222+ views
    U.S. Forces Iraq ^ | Michael Scheck, U.S. Army Corps of Engineers
    AL ANBAR – The U.S. Army Corps of Engineers here has been introducing innovative ways to solve electrical power issues and bridge the gap between supply and demand in Iraq's increasing quest for more electrical power. Fans of the old Star Trek television series were constantly bombarded each episode by Capt. Kirk pleading with Scotty, the engineering officer of the star ship Enterprise, for more engine power to escape one deep space disaster after another. Iraqi residents are also reiterating that plea for more electrical power with the Iraqi Ministry of Electricity as they place more demands on an aging,...
  • China, India factories buzzing, recovery intact

    02/01/2010 12:11:43 AM PST · by Cheap_Hessian · 8 replies · 504+ views
    Reuters (India) ^ | February 1, 2010 | Aileen Wang and Alan Wheatley
    BEIJING (Reuters) - China's manufacturing powered ahead in January, providing more evidence of its robust economic health to markets fretting about Beijing's policy tightening and the dire state of government finances around the world. A pair of surveys showed on Monday that China's vast manufacturing industry expanded at close to record pace last month as the world's third-largest economy continues to lead the global recovery. For a graphic on China, India and South Korea PMI click here India, another emerging power that avoided recession and is coming out strongly from a soft patch, saw its factory sector expanding at the...
  • Electrical Energy, Science, & You

    12/24/2009 7:16:45 PM PST · by GoodDay · 6 replies · 618+ views
    Slideshare ^ | 12/1/09 | John Droz, Jr.
    From Slide 1: "The purpose of this material is to educate citizens about various key aspects of the US electricity grid, and the electrical power source choices we have. This is a complicated matter, so I have tried to strike a balance between being too technical and too simplified . . . "
  • From the Archives: The Productive Meaning of Thanksgiving

    11/25/2009 8:57:47 AM PST · by Ed Hudgins · 6 replies · 343+ views
    The Atlas Society - The Center for Objectivism ^ | November 23, 2005 | Edward Hudgins
    American homes on the fourth Thursday in November will waft with more than the aroma of turkey and pumpkin pie. Also in the air will be the joy at the start of the holiday season running from Thanksgiving to Christmas through New Years. As temperatures turn cold outdoors, we'll warm ourselves inside and out with gatherings of friends and family, festivities, parties and presents. Inevitably this season also gives rise to queries about the "true meaning" of this or that holiday, usually with complaints about the superficiality of the season. To these critics I say, "Stop being an ugly hair...
  • From Today's Numbers, A Recovery Is Hard to See

    08/14/2009 2:39:40 PM PDT · by SeekAndFind · 6 replies · 618+ views
    Seeking Alpha ^ | 8/14/2009 | Tom Lindmark
    Another day of economic data that doesn’t spell raging recovery. Industrial Production Capacity utilization increased slightly from 68.1% in June to 68.5% in July. Industrial production was up 0.5% which is the first increase in that number since December 2007. Manufacturing production was up 1% but that was almost entirely due to auto companies ramping up production after their summer shutdown which was exacerbated by the bankruptcies of GM and Chrysler. Taking autos outo fo the equation, manufacturing was up 0.2%. Overall, the economy still has enormous excess capacity. Their is nothing in these numbers to suggest that new investment...
  • Global warming endangers U.S. corn production, study says (Iowa, Illinois hardest hit)

    04/10/2009 1:33:50 PM PDT · by NormsRevenge · 47 replies · 1,350+ views
    LA Times ^ | 4/10/09 | Jim Tankersley
    Global warming could rob the U.S. economy of $1.4 billion a year in lost corn production alone, a national environmental group estimated in a report released Thursday. The Environment America study, based on government and university data, projects that warming temperatures will reduce yields of the nation's biggest crop by 3% in the Midwest and the South compared with projected yields without further global warming. Iowa would be hit hardest, losing $259 million a year in corn revenues, followed by Illinois at $243 million. California, which leads the country in agriculture but doesn't grow much corn, would take an estimated...
  • *****Catastrophic Fall in 2009 Global Food Production*****

    03/15/2009 4:22:33 PM PDT · by givemELL · 65 replies · 2,601+ views
    www.marketskeptics.com ^ | Feb. 9, 2009 | Eric deCarbonnei
    Stocks of foodstuff are dangerously low Low stocks of foodstuff make the world’s falling agriculture output particularly worrisome. The combined averaged of the ending stock levels of the major trading countries of Australia, Canada, United States, and the European Union have been declining steadily in the last few years: 2002-2005: 47.4 million tons 2007: 37.6 million tons 2008: 27.4 million tons These inventory numbers are dangerously low, especially considering the horrifying possibility that China’s 60 million tons of grain reserves doesn't actually exists. Global food Catastrophe The world is heading for a drop in agricultural production of 20 to 40...
  • Heart-Breaking News From Rutgers

    03/03/2009 5:04:08 AM PST · by mrmeangenes · 19 replies · 809+ views
    The Targum ^ | 03/03/09 | vanity
    (Note: Targum permits linkage only.) A scheduled performance of "The Rocky Horror Show" has been running into quite a bit of difficulty - in the form of official demands and restrictions. I've never been privileged (???) to see this show, but understand it entails considerable,enthusiastic audience participation - something the authorities find threatening. (Transylvanian transvestites ??? An acquired taste, I suppose.)
  • ECONOMIC RECOVERY REQUIRES CAPITAL ACCUMULATION NOT GOVERNMENT “STIMULUS PACKAGES” (Part II)

    02/26/2009 10:22:16 PM PST · by GoodDay · 3 replies · 425+ views
    The reason that stimulus packages cause a further loss of capital is that their starting point is the consumption of previously produced wealth. That wealth is part of the capital of the business firms that own it. The stimulus programs offer money in exchange for this wealth and capital. But the money they offer does not come from the production of any comparable wealth by the government or those to whom it gives money—wealth which has had to be produced and sold and thus put into the economic system prior to the withdrawal that now takes place. The starting point...
  • Cut Taxes for the Right Reasons

    02/20/2009 7:27:29 AM PST · by djsherin · 31 replies · 588+ views
    Mises Institute ^ | February 16, 2009 | Robert P. Murphy
    In their zeal to oppose the lunacy of the so-called "stimulus" plan, many radio talk show hosts and other pundits have fallen into the Keynesian trap. Rather than the politicians spending nearly a trillion dollars, they argue, it would provide much more stimulus if the government gave massive tax cuts. This would "put money back in the pockets of average Americans" and they would go to the mall and "get that money into circulation and boost the economy." Although the instincts behind such arguments are sound, they often betray an underlying Keynesian mindset. By justifying tax cuts on the grounds...
  • China factories cut output at record pace: CLSA PMI (employment also falls at the same pace)

    01/02/2009 4:18:40 AM PST · by TigerLikesRooster · 12 replies · 593+ views
    Reuters ^ | 01/02/08 | Jason Subler
    China factories cut output at record pace: CLSA PMI Fri Jan 2, 2009 3:58am EST By Jason Subler BEIJING (Reuters) - Chinese factories slashed output and workers at a record pace in December and manufacturing activity overall fell for a fifth month as the global financial crisis hit export demand, a survey by brokerage CLSA showed on Friday. The figures, which CLSA said showed a sector close to recession, spell further gloom ahead for the Chinese economy and highlight the urgency with which the government is trying to cushion the country from the effects of the global crisis. "Chinese manufacturing...
  • OPEC to cut output by 520,000 bpd

    09/10/2008 12:57:56 AM PDT · by PureSolace · 14 replies · 140+ views
    Breitbart ^ | Sep 9 09:54 PM US/Eastern | AFP
    The OPEC oil group has agreed to cut its real output by 520,000 barrels per day in the next 40 days, OPEC's President and Algerian Energy Minister Chakib Khelil said Wednesday. When asked about the size of a proposed cut to OPEC's current production, Khelil replied: "I think if you do your own calculations, it is a cut of 520,000 barrels per day."
  • First drop in annual oil production since 2002

    06/12/2008 11:41:56 AM PDT · by hreardon · 16 replies · 104+ views
    France24 ^ | June 11, 2008 | Reuters
    World oil production fell by 0.2 percent in 2007, the first decline since 2002, while consumption rose by 1.1 percent, BP (British Petroleum) said on Wednesday, highlighting a tight supply/demand balance that has helped push oil prices to record levels. Production fell by 130,000 barrels per day (bpd) last year to 81.53 million bpd and reserves were essentially flat at 1.24 trillion barrels, London-based BP said in its 2008 Statistical Review of World Energy. The figures compiled by BP underline the world's challenge of boosting production to meet growing demand, particularly from developing economies such as China and India.
  • As oil prices rise, nations revive coal mining

    05/22/2008 12:57:15 PM PDT · by Dawnsblood · 26 replies · 126+ views
    International Herald Tribune ^ | 5/22/08 | Martin Fackler
    But after decades of seemingly terminal decline, Japan's coal country is stirring again. With energy prices reaching record highs — oil rose above $135 a barrel on Thursday — Japan's high-cost mines are suddenly competitive again, and demand for their coal is booming. Production has jumped to its highest in nearly four decades, creating a sensation rarely felt in these mining communities: hope. "We are seeing a flicker of light after long darkness," said Michio Sakurai, the mayor of Bibai, on Japan's northernmost island of Hokkaido. "We never imagined coal would actually make a comeback." Soaring commodity prices have had...
  • Shell Oil president: To cut price, produce more gasoline in U.S. (but Reps in Congress are too dumb)

    04/30/2008 12:34:37 PM PDT · by tobyhill · 52 replies · 157+ views
    CNN ^ | 4/30/2008 | CNN
    CNN) -- Gasoline prices set a record for the 16th consecutive day Wednesday. A gallon of gas cost an average of $3.62, according to AAA, and much more in some markets. All three presidential candidates have weighed in on the issue, and President Bush on Tuesday addressed it during a news conference. John Hofmeister, president of Shell Oil Co., the U.S. division of Royal Dutch Shell, addressed rising gasoline prices during an interview Wednesday with John Roberts on CNN's "American Morning." ROBERTS: What do you say to people who are in this budget crunch of trying to fill up the...
  • Why Exxon Won't Produce More

    03/25/2008 5:01:44 PM PDT · by shrinkermd · 139 replies · 2,463+ views
    Money Central ^ | 23 March 2008 | Staff
    Exxon's flat oil forecast was even more surprising because it came during a meeting when the company was trumpeting a big increase in capital expenditures -- to at least $25 billion a year going forward, up from $21 billion last year. The company also outlined a slew of big projects, 12 of which are starting up this year. These include the 600 million barrel Kizomba C development off the coast of Angola years. But how could oil production be flat? Peer into Exxon's historical numbers and you see the problem Tillerson faces. Since 2000, Exxon's oil output from two of...
  • China farmers to get fridges, TVs to boost consumption

    02/28/2008 3:18:35 AM PST · by grey_whiskers · 15 replies · 106+ views
    Reuters ^ | 2-21-2008 | Jason Subler
    ZHANGQIU COUNTY, China (Reuters) - When Yuan Shanchun became China's first farmer to receive a government subsidy to buy a refrigerator, he was inundated with queries from just about everyone he knew asking how they could get one too. "Who can believe it? How come the government is giving us money to buy things?" the bubbly 51-year-old asked, speaking in the thick accent of the eastern province of Shandong. "This is like free food falling from the sky!"