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© Merle Harton, Jr. | About | XML/RSS Thursday, May 04, 2006
Afghanistan, Inc.The non-profit organization CorpWatch has issued its report detailing the bungled reconstruction effort in Afghanistan: A highway that begins crumbling before it is finished. A school with a collapsed roof. A clinic with faulty plumbing. A farmers' cooperative that farmers can't use. Afghan police and military that, after training, are incapable of providing the most basic security. And contractors walking away with millions of dollars in aid money for the work. The Bush Administration touts the reconstruction effort in Afghanistan as a success story. Perhaps, in comparison to the violence-plagued efforts in Iraq and the incompetence-riddled efforts on the American Gulf Coast, everything is relative. This is a war-ravaged country being rebuilt by outsiderswhere engineers, consultants, and mercenaries make as much as $1,000 a day, while the Afghans they employ make $5 per day. This is a must read investigative report. The report is available as a PDF document. Wednesday, May 03, 2006
Loonie forecastingToday the Globe and Mail reported that the Canadian loonie (dollar) rose as high as 90.41 cents against the US dollar, closing at the end of the day at 90.38 cents. It hasn't been this close to parity since 1978. There are now mixed predictions for eventual paritysomething the two economies haven't seen since November 1976as "rising gold and energy prices, souring sentiment against the US dollar and robust global investment demand" help to make this scenario another painful remembrance of things past. posted by Merle Harton Jr. | 11:35 PM |Tuesday, May 02, 2006
While We SleptWe've all been so wrapped up in our own home-made misery over rising gas prices for our insatiable gas-thirsty automobiles, or perhaps over our self-created phantasms now blossoming so luxuriantly in the Middle East, that we didn't even notice that our side of the Southern Hemisphere was effectively realigned during last two days. 1. "Bolivian Nationalizes the Oil and Gas Sector," New York Times, May 2, 2006. Sunday, April 30, 2006
Children of the CornI can't say I really like paying $3.11 for gasbut it's actually a good thing. I say let the price of gas go higher, much higher, into the stratosphere. Until we are forced to confront the inevitable bankruptcy of our pervasive reliance on fossil fuels, we won't stop and won't discontinue what is really self-destructive behavior. And it isn't that we are addicted to oil: we are trapped, tethered, enslaved by an energy practice that pervades every aspect of American culture.1 A competent federal energy policy could have prevented this situation, but now we have in its place merely blustery rhetoric and wagging fingers of blame. We blame the oil industry (or their CEOs) for benefiting from the high prices, forgetting that you have to go into big business with the corporations you have, not the corporations you want.2 My concern is that the rhetoric whirling about now is going to blow the conversation into the same rut, pushing us into the same pointless direction. Instead of searching for innovative solutions to the internal combustion engine, instead of burning oil, we're thinking about burning corn. Ethanol is an alcohol-based alternative fuel produced by fermenting and distilling starch crops that have been converted into simple sugars. Feedstocks for this fuel include corn, barley, and wheat. Ethanol can also be produced from "cellulosic biomass" such as trees and grasses and is called bioethanol. Ethanol is most commonly used to increase octane and improve the emissions quality of gasoline. Ethanol can be blended with gasoline to create E85, a blend of 85% ethanol and 15% gasoline. E85 and blends with even higher concentrations of ethanol, E95, for example, qualify as alternative fuels under the Energy Policy Act of 1992 (EPAct). Vehicles that run on E85 are called flexible fuel vehicles (FFVs) and are offered by several vehicle manufacturers.3 Corn isn't the only thing you can make into ethanol, but its 70% starch constitution makes it a top candidate. The Energy Policy Act of 2005 tripled the amount of biofuel that has to be mixed with gasoline, and that will probably turn out to be a product of corn.4 1. President's State of the Union 2006 address. |
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