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Global warming – the China problem

It’s fascinating to see how Chinese officials are becoming obsessed with energy efficiency and global warming. It worries some in America, as we see China making the investments in clean energy we should be making. In a competitive world, America should be leading the green revolution and thus creating new jobs. While the Obama administration has made great progress, Republicans and Midwest Senators are standing in the way of a new energy bill.

Meanwhile, climate activists fear the impact of China, but have to be somewhat please that Chinese officials are being proactive.

Premier Wen Jiabao has promised to use an “iron hand” this summer to make his nation more energy efficient. The central government has ordered cities to close inefficient factories by September, like the vast Guangzhou Steel mill here, where most of the 6,000 workers will be laid off or pushed into early retirement.

Already, in the last three years, China has shut down more than a thousand older coal-fired power plants that used technology of the sort still common in the United States. China has also surpassed the rest of the world as the biggest investor in wind turbines and other clean energy technology. And it has dictated tough new energy standards for lighting and gas mileage for cars.

That said, China may be fighting a losing battle. As millions of Chinese citizens become real consumers, they will gobble up even more energy. It’s great for the world economy, but terrible from a climate perspective.

Aspiring to a more Western standard of living, in many cases with the government’s encouragement, China’s population, 1.3 billion strong, is clamoring for more and bigger cars, for electricity-dependent home appliances and for more creature comforts like air-conditioned shopping malls.

As a result, China is actually becoming even less energy efficient. And because most of its energy is still produced by burning fossil fuels, China’s emission of carbon dioxide — a so-called greenhouse gas — is growing worse. This past winter and spring showed the largest six-month increase in tonnage ever by a single country.

It’s a real dilemma, but perhaps it will motivate the Chinese, and hopefully the American government, to do even more. Green energy can be the fuel that the world economy needs. It can also ease world security in the long run by making all of us less dependent on sending billions to volatile regions of the world. So it’s good to see the Chinese get religion on green energy. Let’s hope it helps fuel a worldwide movement.

Pelicans covered in oil


Photo from fOTOGLIF

Some of the other photos out there are much worse, but it’s heartbreaking to see these pelicans covered in oil.

Meanwhile, oil spill protests are heating up against BP.

We’ve added more depressing photos after the jump.

Continue reading »

President Obama arrives in New Orleans as BP tries to contain the spill


Photo from fOTOGLIF

President Barack Obama is greeted by Florida Governor Charlie Crist, EPA Administrator Lisa Jackson and Admiral Thad Allen, Commandant of the U.S. Coast Guard, upon Obama’s arrival in New Orleans this afternoon. Obama traveled to the Louisiana gulf coast to further assess damage from the BP Deepwater Horizon oil spill.

Meanwhile, BP is still working on an effort to capture the oil spewing from the sea floor.

Killing Multiple Birds With One Stone

Try to guess the significance of the following number: 2.5 trillion. If you guessed “consumer debt in the United States,” you were correct. The above stat comes courtesy of the Federal Reserve. If we divide that debt across all American households, you get the often-quoted figure of $8,100 in consumer debt per household. Keep in mind that this is consumer debt, defined as debt that does not include home mortgages. These numbers should not come as a surprise with the fairly easy credit approval process and the average American holding at least two credit cards.

So how does one dig out of debt?
Eliminating debt is straightforward when there is only one creditor owed. The situation becomes increasingly difficult for those who have multiple credit cards. Debt consolidation has been a popular approach to help individuals and families start the process of eliminating debt. Consolidating debt is not new but it certainly is spoken of a lot more as economic conditions deteriorate. The concept is simple. Instead of making individual payments to every source of debt, each with a different interest rate, debt consolidation would bundle everything together into one. The debt consolidator would, in essence, become the creditor and would manage the individual payments to the original debts.

There are many companies that offer debt consolidation. Most companies provide a counselor to evaluate each candidate and their financial situation. The consolidator will usually offer multiple plans, but only after you qualify. Plans will vary depending on how much can be paid monthly and other market forces such as current interest rates.

Consumers should do their homework and evaluate their options as they move forward in the process. Debt consolidation is not the “magic bullet,” but it can certainly help.

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