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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (331744)	4/4/2007 12:37:17 PM
From: longnshort	Respond to of 1572507

I said it was a scam

To: combjelly who wrote (331744)	4/4/2007 1:54:37 PM
From: longnshort	Read Replies (2) \| Respond to of 1572507

And it gets worse. As Chinese manufacturers add enough manufacturing capacity to produce ten times as many CFLs , they will need several new coal-fired power plants to run the new factories. This comes on top of the already breathtaking pace today of construction in coal fired electric power plants in China - at a clip of one new plant every week. Don't even think about asking about what kind of pollution control will be operating on those Chinese plants. A tax on poor people in the US so the Chinese can add more coal fired power plants. Now there's a bright idea. There's even more to this story: one more dirty little secret that the greens won't tell you about. CFLs contain mercury. You didn't know that? Just a drop you say? How about up to 5 milligrams per lightbulb. If all 4 billion incandescent sockets were filled with CFLs we'd have 20 billion milligrams of mercury spread around every single US household. By the way, 20 billion milligrams is nearly 50,000 pounds. That 50,000 pounds of mercury amongst 300 million people, if indiscriminately thrown away, will eventually find its way to your favorite landfill and public drinking water supply. Knock over a table lamp and shatter a CFL in your house, and you have a toxic waste situation on your hands right in the living room, bedroom or dining room. On the other hand, at least half of all mercury emissions from coal fired power plants currently is captured by scrubbers, and clean coal technologies promise to eliminate 2/3rds of what remains. Not so for CFLs-- which can't operate without mercury. So there you have it. Congress will soon enact legislation to impose a tax on poor people that will directly pass to Chinese companies, contribute to lower literacy and less personal hygiene while making industrial policy that will increase greenhouse gas emissions worldwide and spread a hazardous heavy metal into the environment. Ban the bulb is a no-brainer , only this time the empty-headed variety. Luminus Maximus is the pen name of a longtime observer of the industry Page Printed from: americanthinker.com at April 04, 2007 - 01:52:58 PM EDT

To: combjelly who wrote (331744)	4/4/2007 5:21:32 PM
From: bentway	Respond to of 1572507

Daimler Considers Selling Off Chrysler Division By MARK LANDLER nytimes.com ( Not rumor now.. ) BERLIN, April 4 — DaimlerChrysler confirmed for the first time today that it is in negotiations with a number of parties about the sale of its money-losing Chrysler division. Speaking at DaimlerChrysler’s annual meeting here, Dieter Zetsche, the chief executive, said, “I can confirm that we are talking with some of the potential partners who have shown a clear interest.” Mr. Zetsche did not identify the automaker’s suitors, nor did he guarantee that the talks would end in a sale of Chrysler. “We need to keep all options open,” he said. “We need to keep maximum scope for maneuver.” DaimlerChrysler’s confirmation was not a surprise. The auto industry has crackled with rumors about would-be bidders for Chrysler since mid-February, when Mr. Zetsche disclosed the company was considering all options for the unit, which lost $1.5 billion last year. But it added to the momentum that is building behind a sale. DaimlerChrysler’s shares rose nearly 1 percent this morning, on top of a roughly 25 percent rise in the stock since the company put Chrysler into play. The mood among the 8,000 or so shareholders assembled here for the company’s annual shareholders’ meeting was unmistakable: they expect DaimlerChrysler to cut loose Chrysler, unwinding a trans-Atlantic merger that was hailed at the time of its announcement in 1998 as a blueprint for the future of the global auto industry. A steady stream of investors stood up during the meeting to condemn the merger and demand a speedy sale. “Should there be a divorce in court, we would be very happy,” said Henning Gebhardt, a spokesman for DWS, a major German asset management firm. His fear, he said, was that DaimlerChrysler would not find a buyer willing to take Chrysler off its hands on acceptable terms. With some $20 billion in health-care obligations for retired workers, Chrysler will not be easy to sell, according to analysts. Some estimate it may fetch as little as $5 billion to $7 billion — or even nothing. “What will happen if you do not find a new bridegroom for Chrysler, or if the dowry is too high?” Mr. Gebhardt said. Hans-Richard Schmitz, a spokesman for the German Association for the Protection of Shareholders, said, “This marriage made in heaven turned out to be a complete failure.” Mr. Schmitz criticized DaimlerChrysler’s management for even reserving the option of not selling the unit. “What’s missing now is a swift resolution of the issue by the management of the group,” he said. “I don’t understand why you’re so hesitant, Dr. Zetsche.” Among the shareholder proposals scheduled to be put to a vote here later today is one that would require DaimlerChrysler to change its name back to Daimler-Benz if it does not unload Chrysler by March 31, 2008. “Maintaining a corporate name that evokes associations with the failure of the business combination with Chrysler is detrimental to the image of the corporation and its products,” said the proposal, submitted by two shareholders, Ekkehard Wenger and Leonhard Knoll. The company said the DaimlerChrysler name was well established, and urged shareholders to reject the proposal. Some shareholders expressed frustration that Mr. Zetsche did not disclose more details about the potential sale. So far, three parties have submitted expressions of interest in Chrysler, according to people involved in the negotiations: two private-equity firms — Blackstone Group and Cerberus and the Canadian auto-parts supplier, Magna International, which is working with another private equity investor, Ripplewood. The talks are expected to be lengthy and arduous, and a deal is not likely for a few months, these executives said. Copyright 2007 The New York Times Company