And the Spanish companies most involved in it have tried to convert their virtual wealth into more tangible holdings by diversifying into foreign assets, both in Latin America and in the rest of Europe, so they are in effect cashing in on their market to spread their risk and the reach. We'll see if it's enough. In the long run, we're all dead. John Maynard Keynes
Just to name a few, Gamesa Eolica, S.A. just built a factory to manufacture wind turbine parts in Pennsylvania, and in my hometown a Spanish transmission manufacturer from Navarra has plans to build an American plant.
I think that there's a huge degree of ignorance about the level of Spanish investment abroad in the American economic development community, which has been almost exclusively focused on Asian investment. I've acutally thought of writing to the newly elected mayor in my home town to point out that there's been little effort to attract Spanish investment and that the industrial mix in Spain is very similiar to the industries in the city. With talk that SEAT may be planning a US expansion, I think that whoever snags that assembly plant would get thousands more jobs in feeder industries. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
The idea that maybe it's better to run away from the crowd and look for investment from other sources, than get involved in bidding wars offering ever increasing tax abatements and incentives is beyond the economic development community.
That's interesting to here about Iberdrola. Spain's been blessed with hydro power, and they've built a great deal around wind energy.
I've always though that it would be a good idea to build up wind energy through the creation of cooperative companies based around farmer's organization (National Farmer's Union, Farm Bureau, etc.) to site turbines, and share the profits. Not to mention that plug in tractors seem like a damn good idea. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
haha, bingo!
doubledamnplusgood- ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
Agriculture is so mechanized at this point, that a serious cut in gasoline supplies could make it impossible for farmers to plant and bring in their crops. We're talking about a situation in which their could be an absolute shortage of food where even with rationing there isn't enough to both maintain exports and feed the US population.
Electric tractors seem like a no brainer. You have no distribution network issues, because you don't have to worry about finding a station to plug in at. And while you're at it you can switch over rural households to electric heat so you can preserve natural gas production for use in making fertilizer. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
Agriculture is so mechanized at this point, that a serious cut in gasoline supplies could make it impossible for farmers to plant and bring in their crops
Change that "could" to "absolutely would".
A freeze in the house market for adecade will be desirable/necessary.. prices increased too mcuh .way too much and there was a bubble in the extreme growth of prices...with people investing in houses..
A certains ectr of thepopualtion have house that do not sell or rent or anything.. they have it as an ivnestment...(frm 3 to 10 flats typically)
So nobdy wants to touch it. upper middle class in Sain is based on these houses and they are powerful.
But balanced can be achieved if prices grow below inflation for 5-10 years... right now it is just too much for the middle class..
The amount of debt in mortgages is huge huge huge...
Plus investemnt in houses made other investments in spain (R+D) almost nill...
So hopefully we got it on time and we cool it on time....and ina nyc ase we cold happily sustain a 5% decrease in direct consuemr prices for a couple of years... probably it would be better... but the power to be does not want...
A pleasre I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
I like his fiscal policy... if I forget about the sustainability issue....
yes the fiscal policy sould have a deep cahnge towards taxing fuel, waste and so on and get rid of the taxes for workers... stil he has been the only one I know which increased taxes on cars wth more than averge fuel standartds and educe it fore fficeint cars.. so basically he implemented one of the points in energize america single handidly...
within the parameters we normally move he is OK....let's hope one day society/ecnomic sectors is open to move towards a change in fiscality...maybe when oil is at 500 $?
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
