Climate Overthrow, Shadow Income and Suing BP

Posted on August 14, 2010 by stacyherbert| 8 Comments

Stacy Summary: Eco-eco unrest. Iceland was the first government to be ousted in the 21st century over the economic collapse; will Pakistan be the first to be overthrown over ecological collapse?

This entry was posted in Headlines and tagged alabama, china, income, oil spill, pakistan, shadow income. Bookmark the permalink.

8 Responses to Climate Overthrow, Shadow Income and Suing BP

ewjohnson | August 15, 2010 at 11:30 am |

It’s easy to be an armchair pundit about China. Anything one can say about China is both true and untrue.

The Chinese do have money and it’s partly because they dont spend it. They are highly susceptible to groupthink and imitation of one another and imitation of what is perceived at the moment as being good.

Yes there is a housing bubble in China and it is driven by their seemingly insatiable greed and insatiable desire for “face”.

But they also suffered a great deal and they have worked very hard. Communism is basically dead and they are more Capitalist than the Capitalists now.

Regarding a shadow economy, the Chinese do business in cash. Checks are virtually non-existent and polite people dont ask for a legal receipt for most transactions. Most Chinese dont pay any income tax so income tax evasion is hardly a motive. It has always been a mostly cash society.
Aridzonan | August 14, 2010 at 11:36 pm |

Here’s a local interview on WWL New Orleans with St. Tammany President Kevin Davis and his reaction to being threatened by a USCG aDMIRAL for refusing to remove oil containment assets.
http://www.wwltv.com/news/gulf-oil-spill/Davis-willing-to-be-arrested-if-it-keeps-oil-fighting-assets-in-place-100483144.html

It appears this man has back bone. Instead of being a FedGov.Inc invertebrate.
Timothy Geithner | August 14, 2010 at 2:59 pm |

It appears they accidentally sealed the hole.

Congratulations to BP! They need all the luck they can get.
Marc Authier | August 14, 2010 at 2:00 pm |

Alabama should also sue Obama.
Creative Destruction | August 14, 2010 at 10:00 am |

Shadow income, shadow banks, what’s next? The shadow recovery.
Bonn | August 14, 2010 at 9:19 am |

Finally some peeps are standin upto BP
Vicki S. Nikolaidis | August 14, 2010 at 9:11 am |

Thanks Stacy, You always find the most interesting links!
Max Power | August 14, 2010 at 9:04 am |

Energy Treaties in the news :

Téléjournal – Le Québec éclaire le Vermont
http://www.youtube.com/watch?v=El5FDprKwbg

I am shocked at the length of the treaty, and its apparent lack of taking into account that the US may be totally worthless in 6 months to 5 years.

I hope Hydro Quebec has escape clauses to allow it to exit the treaty in 6 months if it has to.