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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (54732)	9/9/2009 2:46:39 AM
From: average joe	Respond to of 218043

Air travel may have to be rationed in the future says Government climate change advisers The era of cheap air travel cannot continue, according to Government advisers, who have called for a global cap on aviation emissions to prevent catastrophic climate change. Air travel is expected to at least double by the middle of the century as new airlines spring up in developing countries like China and rich countries like Britain expand airports such as Heathrow. However the Committee on Climate Change (CCC) fears unlimited growth of air travel will cause greenhouse gas emissions to increase and therefore cause global warming. They said that this does not mean that the number of flights will be cut in the short term. However, unless new technology allowing planes to fly without producing so many greenhouse gases is invented very soon, it does mean that the world cannot afford to take more flights than currently are taken. David Kennedy, Chief Executive of the CCC, said the era of each generation being able to fly more than the last was over and flights may get more expensive as a way of rationing. "You may want to go on holiday more that you do now. But you may not be able to do that in a carbon-constrained world," he said. The CCC is calling for the Government to push for a global cap on aviation emissions as part of any deal climate change deal to be decided by the UN in Copenhagen at the end of the year. All aviation emissions should be capped, but there could be a period where flights in and out of rich countries would be targeted, while those between developing countries were exempt, the letter suggested. Any deal to reduce emissions from flying should be "ambitious", and aim for no less than the EU's current plans which require a 5 per cent reduction in emissions from 2013 to 2020. Mr Kennedy insisted such measures would not force people to fly less than they currently do. However he said the air travel "may well be rationed" in the future to stop the growth of emissions. "We can do a lot with bio-fuels in the future but there is a big question about food security and how much land would be needed. So we certainly have to think seriously about constraining demand," he said. Mr Kennedy said the committee favoured using a "cap and trade scheme" as a system of rationing. This is already due to come in in the EU from 2012. It forces airlines to buy "emissions permits" for producing pollution. As the number of permits is reduced in order to bring down emissions the price will go up and that cost will ultimately be passed onto customers. "We have to think seriously about constraining demand and the way we do that is to have high fares to reflect carbon prices," he added. In the past Lord Turner, the chairman of the CCC, said that people should be given personal flight limits. The Committee on Climate Change was set up to advise the Government on how to meet climate change targets. At the moment the UK is committed to cutting greenhouse gases by 34 per cent by 2020 and 80 per cent by 2050. The CCC report comes as a think tank suggested that the unless the UK manages to meet tough targets on cutting greenhouse gases within the next three years, everyone in the UK will have to be rationed on the amount of energy, car use and flights they take. The Institute for Public Policy Research suggested people have a certain amount of carbon credits that limits the amount they can spend on luxuries like air travel. At the end of the year 90 countries will meet in Copenhagen for the UN Climate Change Conference to decide a replacement fro the Kyoto Protocol. The UK is arguing for a "tough" deal that forces rich countries to cut emissions by between 25 to 40 per cent by 2020 as well as spending billions on helping poor countries to adapt to climate change. However David Miliband, the Foreign Secretary, said the complexity of the issue, other problems such as the recession clouding the political agenda and "suspicion" between rich and poor countries put any chance of a deal in "real danger". The International Air Transport Association said air travel can continue to grow without increasing emissions because of biofuels and more efficient flying. telegraph.co.uk

To: TobagoJack who wrote (54732)	9/9/2009 10:21:15 AM
From: Canuck Dave	Read Replies (1) \| Respond to of 218043

Canadians too, eh? Hmmm... Might be time to take precautions. Wonder why the "biggest bank in the universe" would be unwilling to take on more North Americans? They afraid of Swiss cheese? CD

To: TobagoJack who wrote (54732)	9/9/2009 1:55:17 PM
From: westpacific	2 Recommendations Read Replies (1) \| Respond to of 218043

The person I trust is saying market rally is topping out; gold is topping out and dollar is bottoming... At least for the next; say 4 to 6 months. Also saying Euro is topping out. Tops take time. Longer out for dollar and gold; that is for another time and trade. Position for the above and sit on your hands. Or just shut down the puter till next year and let your trades ripen. You will make a killing. Seems too many have faith in the man behind the curtain. West

To: TobagoJack who wrote (54732)	9/9/2009 4:28:00 PM
From: elmatador	Read Replies (1) \| Respond to of 218043

“The U.S. will remain as the world leader for at least a few more decades,” Sakakibara, the Democratic Party of Japan’s top choice in 2003 to lead the Finance Ministry, said today in an event hosted by the Japan National Press Club in Tokyo. “The dollar will stay the reserve currency for the next 20 years.” Sakakibara Says Dollar Will Remain Reserve Currency Prime Minister-designate Yukio Hatoyama’s Democratic Party of Japan has no plan to diversify the country’s foreign reserves away from the dollar, party Secretary-General Katsuya Okada said on July 24. Japan, the biggest international owner of U.S. government debt after China, raised its total holdings of Treasuries by $34.6 billion to $711.8 billion in June. bloomberg.com

To: TobagoJack who wrote (54732)	9/9/2009 6:14:34 PM
From: Maurice Winn	4 Recommendations Read Replies (1) \| Respond to of 218043

TJ, following up to the script of China officialdom encouragement of gold and silver ownership by its patriotic citizens going back to the Dark Ages and the atavistic Aztec allure of gold, bernama.com <ZHENGZHOU, Sept 9 (Bernama) -- A total of 13 workers have been choked to death in a fire at a gold mine in Sanmenxia City, central China's Henan Province, the municipal government said Wednesday. The bodies have been retrieved and sent to a funeral home, reported Xinhua news agency. A cave-in cut off electric wires and triggered a fire at about 9 p.m. Tuesday at a gold mine owned by Jinyuan Mining Co., the government confirmed. Authorities earlier said the accident occurred at about 5 a.m. Wednesday. At the time of the fire 12 miners were working underground, and six fled to safety. The mine sent eight rescuers down the pit, but seven were trapped by the fire. > Meanwhile, in the 21st century economy, no workers in Qualcomm's CDMA/OFDM/Wi-Fi factories died in a fire, or in any other way while creating vast cyberspace riches for a billion people in China and around the world to enjoy. In the Zenbu realm, nobody died either, but progress continued apace with cyberspace being delivered hither and yon, more and more, bigger and better. Recommendation - send more gold miners down the mines in China. Get More Gold. Get Gobs of Gold. That will make life better. Dig up the gold. Melt it into ingots, cart it to Hong Kong, put it back underground in expensive man-made caves, guard it 24 hours a day with expensive systems. The gold will do much more good being buried in Hong Kong than being buried in the hinterlands of China along with the bodies of the deceased gold miners. Well, I try to believe it, but it just doesn't seem sensible. The dead miners would have been more gainfully employed helping ElM install fibre around Angola and building CDMA/OFDM towers to feed cyberspace Smartbooks powered by Qualcomm ASICs, Android, Chrome, etc. China should give a million gold mine trainees US$100 billion and send them to ElM with their Huawei expertise to dig fibre holes, not gold holes, across Africa. They could be readily taught to build poles too. Brazil and China could do with some too. Heck, I need fibre here. Send some here. China is rumoured to have swarms of underemployed people whose lives are wasted digging pointless and lethal gold mines and marching around wearing PLA costumes. Give them something useful to do. Mqurice