It’s no mystery why American companies have stockpiled over $2 trillion of overseas earnings in foreign bank accounts. If they bring it to the United States, the IRS would grab 35% of it. That’s the US corporate tax rate – the highest in the developed world, double the average in EU nations.
Author: Paul Driessen
European Union nations want to impose tougher economic sanctions on Russia for invading Ukraine and providing the missiles that shot down Malaysia Airlines Flight MH17. However, they are worried about biting the hand that feeds them – with the natural gas that fuels much of its economy.
In a more rational, moral, compassionate, scientifically literate world, this Cornwall declaration would not be needed. It assesses the “far-reaching, costly policies” that the world’s governments are adopting, supposedly to prevent global warming and climate change. It calls on governments to focus instead on protecting the poor, who desperately need the affordable energy that those policies circumscribe.
When it comes to energy, climate change, justice and transparency, the Obama Administration and its Environmental Protection Agency want it every possible way. Their only consistency is their double standards and their determination to slash hydrocarbon use, ensure that electricity prices “necessarily skyrocket,” expand federal government command and control, and “fundamentally transform” America.
The 2014 US-Africa Leaders Summit hosted by President Obama this past week brought together the largest-ever gathering of African government officials in Washington, DC. They discussed ways to bolster trade and investment by American companies on a continent where a billion people – including 200 million aged 15 to 24 – are becoming wealthier and better educated.
Left-leaning environmentalists, media and academics have long railed against the alleged conservative “war on science.” They augment this vitriol with substantial money, books, documentaries and conference sessions devoted to “protecting” global warming alarmists from supposed “harassment” by climate chaos skeptics, whom they accuse of wanting to conduct “fishing expeditions” of alarmist emails and “rifle” their file cabinets in search of juicy material (which might expose collusion or manipulated science).
Killing marine life with ethanol Ethanol damages your cars, small engines, food budget – and kills Gulf of Mexico animals Paul Driessen Ethanol and other biofuel mandates and subsidies got[…]
Fossil fuel and insurance company executives “could face personal liability for funding climate denialism and opposing policies to fight climate change,” Greenpeace recently warned several corporations. In a letter co-signed[…]
Two western state governors intend to get low carbon fuel standards, by legislation or decree Progressives believe in free speech, robust debate, sound science and economics, transparency, government by[…]
Last year, Congress enacted 72 new laws and federal agencies promulgated 3,659 new rules, imposing $1.86 trillion in annual regulatory compliance costs on American businesses and families. It’s hardly surprising that America’s economy shrank by 1% the first quarter of 2014, our labor participation rate is a miserable 63% and real unemployment stands at 12-23% (and even worse for blacks and Hispanics).
Several Hollywood elites were recently caught red-handed on videotape, agreeing to take money from a Middle Eastern oil sheikh for another anti-fracking movie. Their actions were shameful, but they felt no shame – only anger at the folks who caught them in the act. Indeed, the ironies are matched only by their hypocrisy and disdainful disregard for the consequences of their anti-fracking fervor.
Climate models help improve our conceptual understandings of climate systems and the forces that drive climate change. However, they are terrible at predicting Earth’s temperature and other components of its climate. They should never be used to set or justify policies, laws or regulations – such as what the Environmental Protection Agency is about to impose on CO2 emissions from coal-fired power plants.
The White House has released its latest National Climate Assessment. An 829-page report and 127-page “summary” were quickly followed by press releases, television appearances, interviews and photo ops with tornado victims – all to underscore President Obama’s central claims:
California loves to be seen as the trendsetter on energy and environmental policies. But can we really afford to adopt their laws and regulations in the rest of America? Heck, can the once Golden State afford them itself? The path to hell is paved with good intentions, counter-productive policies – and hypocrisy.
Built on a foundation of sand, the Leaning Tower of Pisa would have toppled over long ago, if not for ingenious engineering projects that keep it from tilting any further. The same thing is true of ethanol, automobile mileage, power plant pollution and many other environmental policies.
The convergence in almond groves of so many commercial bees from all over the country creates a hotbed of viruses and pathogens that can spread to many hives. The varroa destructor mite carries at least 19 different bee viruses and diseases, causing major impacts on bee colonies. Parasitic phorid flies are another problem, and highly contagious infections also pose significant threats. The intestinal fungus nosema ceranae, for example, prevents bees from absorbing nutrition, resulting in starvation.
The Obama Environmental Protection Agency recently slashed the maximum allowable sulfur content in gasoline from 30 parts per million to 10 ppm. The agency claims its new “Tier 3” rule will bring $7 billion to $19 billion in annual health benefits by 2030. “These standards are a win for public health, a win for our environment and a win for our pocketbooks,” EPA Administrator Gina McCarthy insists.
It’s all hokum. Like all too many rules emanating from EPA these days, the gasoline regulations are a case study in how America’s economy, jobs, living standards, health, and welfare are being pummeled by secretive, deceptive, and indeed fraudulent and corrupt government practices.
President Obama, Secretary of State John Kerry, and 28 Senate Democrats remain fixated on “dangerous manmade climate change.” In the process, they are ignoring real threats to our living standards and very lives.
Just one year ago, the Wall Street Journal has reported, saboteurs attacked a power substation near San Jose, California. They cut fiber optic cables and shot up 17 transformers, causing them to overheat and fail. Apparently, they wanted to trigger a monumental blackout. Thankfully, grid operators were able to reroute power and avoid blackouts.
A Federal Energy Regulatory Commission official called the attack “purposeful, extremely well planned and executed by professionals who had expert training.” Other utility experts said it could have been a “dress rehearsal” for much bigger operation – one that could take down much of the entire US or even North American electricity grid for weeks, months or even a year. That would have a devastating effect on our economy, living standards and lives. Indeed, many people would likely die, as food, fuel and even safe drinking water become unavailable.