July 3, 2009

U.S. behind G-8 nations on emissions. Cap and Trade should help!

US lagging behind G8 nations on emissions reductions

03 July 2009
 
June 30, 2009

Govt Moves to Regulate 'Consumer' abuses by banks and credit card companies

This report from REUTERS indicates a direct response to the types of consumer issues we have published in Global Perspectives. Millions of Americans have been hurt by credit card policies, as well as bank policies that can use ACH transfers or withdrawals at will, to take money out of consumer accounts with little or no regulation. We published a feature story about a woman who lost her home, car, and 6 credit card accounts, due largely to systematic abuses. We are glad to the see the government again recognizing the need to regulate and handle these types of abuses. Global Perspectives

WASHINGTON, June 30 (Reuters) - The U.S. Treasury on Tuesday sent Congress proposed legislation to create a new regulatory agency with sweeping powers to write and enforce tough new consumer protection rules for banks and other financial institutions.

The legislative language fleshes out plans for widespread changes to U.S. financial regulations the Obama administration released on June 17.

The proposed Consumer Financial Protection Agency aims to protect Americans from abusive practices widely employed during the recent housing and credit boom, such as deceptive and undocumented mortgage lending, poor loan disclosures, and unfair interest rate increases and "fee traps" on credit cards.

The Treasury's proposal would consolidate consumer protection power in a single agency, giving the CFPA exclusive supervisory and examination authority for consumer compliance among banking institutions.

These responsibilities are now split among several agencies, including the Federal Reserve, which has taken criticism for failing to impose tougher restrictions on mortgage lenders.

 
June 30, 2009

Home Unit to Make Biodiesel for your Vehicle

GreenFuels USA Introduces fuelpod3 to US Market

Make fuel from your home!

Global Perspectives believes it important to feature innovative products in the energy field. This one is a beauty. A home sized unit to make fuel for your vehicle. All you need is old oil, perhaps from a cafe. We commend GreenFuels USA for thier work and innovation. Plus their company is paying an incentive. $100 for any lead that results in the sale of a fuelpod2 or fuelpod3 unit through July 2009. BBP has joined forces with GreenFuels to market this unique system within the United States. For some time we have been looking for just the right system to fill the home and small business market. When we first saw this system we knew had found the perfect fit.

GreenFuels UK has something that no one else has. The have over 1500 units operating in the field. They also have another claim that no one else has. "About two thirds of all the biodiesel made in the UK comes from the fuelpod systems", says James Hygate founder of GreenFuels UK. That's an impressive fact. So why all the success?

One reason is this is the first fully self contained small scale waterless biodiesel production unit. That all-in-one combination is unique to the fuelpod systems. Additionally, the systems are smart looking and very compact at about two feet in diameter and 5 feet tall. It is the perfect solution for home or small business. Anyone with access to used restaurant oil can make their own clean fuel with a fuelpod system for about $0.70 cents per gallon. The fuel will run in any diesel engine without any modification. It is true biodiesel.

Another reason for the enormous success of the fuelpods is that they are very user friendly. The process of making fuel has been simplified and well documented. Units in operation can be seen on youtube, search for fuelpod2.

 
June 29, 2009

Late June Trends Positive

Stimulated spending & saving is obvious and evident in this economy.

Consumer spending rose 0.3% in May while incomes rose 1.4%. Analysts call the gains a clear effect of the federal government’s economic stimulus package.

As incomes rose much more than spending, the personal savings rate hit 6.9% in May - a level unseen since December 1993.

  1. More demand for big-ticket items. The Commerce Department announced a big gain in durable goods orders – they went north 1.8% in May, matching what happened in April. Economists had projected a 0.9% drop.
  2. Fed thinks recession is waning. The Federal Reserve left the key interest rate untouched last week. The Fed’s policy statement shared the belief that “the pace of economic contraction is slowing” and that inflation would “remain subdued for some time.” Interpreting this, many economists believe the Fed will leave interest rates alone until 2010.
  3. Over in the real estate sector … Sales of existing homes increased by 2.4% in May, as bargains beckoned – sale prices were 17.0% under where they were a year ago, according to the National Association of Realtors. Disappointingly, the Commerce Department estimated that new home sales were down 0.6% last month.
  4. Consumers gain yet more confidence. The final Reuters/University of Michigan consumer sentiment index for June came in at 70.8, up from 68.7 in May.1

Is that a light we see at the end of the tunnel?

Our forcast, you may recall was that by July of 2009 we would see a base in terms of psychology, and by December of 2010 we would see a strong base and the beginning of a long term, decade long recovery. One item that is of concern to us is the possibility of a rise in the "long bond" interest rates. An overall rise in rates would hurt a chance for growth. But we can find ways to grow, even in rising rates. It is just much harder.

Conserve your liquid assets and make wise decisions. Move forward with care. But don't be afraid to take advantage of obvious fundamental good investments or business decisions.

 
June 29, 2009

Cap and Trade, and Higher Efficiency in New House Bill Just Passed

Reactions to the Energy Bill: Obama, Cleantech Biz, Environmentalists

The energy bill passed the House on Friday, but the proposed cap and trade system and new incentives for renewable energy are still a long way from going into law as the Senate needs to pass its own version. As we transition to the next round of negotiations and lobbying, stakeholders from the White House to industry trade groups, environmental organizations and cleantech companies have been weighing in on the version that won approval in the House — and on where they’d like to see it go from here.

Since Friday’s vote, President Obama has continued his support for the legislation, as well as his efforts to win over lawmakers. (He phoned wavering legislators last week to help the bill clear the House.) This weekend during his radio address and media interviews, Obama called for senators to “come together” around the legislation, which he said “will finally make clean energy the profitable kind of energy.” In an interview with a group of reporters, Obama also said the bill would provide “clarity and certainty” and would “end up being much less costly, much more efficient; technology is going to move much more rapidly than people anticipate.”

But for Obama, there’s at least one point of concern in the legislation: trade sanctions. He told a small group of reporters in the Oval Office this weekend that in a time of worldwide recession and reduced trade activity, “I think we have to be very careful about sending any protectionist signals out there,” as The New York Times reports. In other words, he opposes a provision (included in the House bill) for tariff hikes against countries that fail to enact limits on greenhouse gas emissions.

Energy IndustryThe Business Council for Sustainable Energy, a group of energy and efficiency companies, as well as utilities, that promotes market-based approaches to pollution control, echoed Obama’s recent emphasis on economic arguments for the energy bill. Council President Lisa Jacobson said, “The comprehensive approach to energy and climate change policy adopted by the bill provides regulatory clarity and sends strong and long-term signals to the market to invest in existing clean energy technologies — such as renewable energy, energy efficiency and natural gas.”

 
June 17, 2009

IRAN, the Flag is Upside Down!

Iran is like a woman struggling to give birth. Birth to freedom. Hundreds of thousands are demonstrating, now the government is attacking web sites to disallow Iranians and the world to see the truth of what is happening there.

Where is my vote? Iranians feel insulted that their government would allow corruption to take away their vote. Iranians feel embarrassed that the nation's leaders speak of freedom and democracy, yet mock them by dictator like actions.
Due Process in Iran today

People are being beaten, homes and businesses destroyed by "police", honest news reporting being banned, and human rights lost while old bearded Mullahs and Clerics fret and issue sermons. While the government of Iran authorizes Iranians to attack fellow Iranians, one thing is obvious. The old leaders of Iran do not yet get it. They and their "pet" minions have been discredited by voices of idealism and truth. "Times they are a changin'". The educated, young, and global connected generation has said:"Enough! It is time to change, throw off the shackles of fundamentalist religious dictatorship and join the ranks of normalcy of the global community".

Iran in trouble! Traditional flag upside down.

When a flag is flown upside down it means "nation in trouble". Iran has been in trouble ever since the Iranian people allowed the volatile mixture of religion and politics to control the country. For years Iranians have tolerated women being beaten on the streets by government sanctioned police, under religious orders. Any other nation would call them thugs. People have been killed, imprisoned, homes, businesses and even schools have been vandalized. Authors, poets singers and movie makers have been censored and some imprisoned. Nobel prize winners from Iran have been threatened to "keeps silent or your family will suffer".

Now on the streets of cities throughout Iran military police are shooting, beating, and imprisoning Iran's finest and bravest. Why? Because they want a fair and honest election.

Blood on hands, mouth covered
"no freedom to speak" green color of protest

Iran has stopped freedom of speech. It has banned freedom of press. It has crippled Internet communication. It has jailed thousands and intimidated millions.

 
June 6, 2009

Economic Impact of Wind & Solar Energy on Buildings

For Hospitals:

Each dollar saved in energy costs is equivalent to generating new revenues of $20 for hospitals, or $10 for medical offices and nursing homes. So if you produce $250,000 per year with a wind turbine it is equal to generating $5,000,000 in new annual revenues for hospitals or $2,500,000 for medical offices and nursing homes.

For Hotels:

A 10% reduction in energy costs for the average full service hotel is equivalent to increasing Average Daily Rate by 2.6% and increasing Occupancy Rate by 4.3%. For the average limited service hotel, a 10% reduction in energy costs is equivalent to increasing Average Daily Rate by 1% and increasing Occupancy Rate by 2.4%. Now consider, what this means to your hotel if you can produce$250,000 per year of electricity per year with a wind turbine.

 
June 2, 2009

Bill White, Mayor of Houston, a good choice for U.S.Senate

Steve and Nenetta Tatum held a private invitation only gathering for Bill White in their historic Westover Hills home recently. Nenetta's roots run deep in Fort Worth. Her father was Amon Carter Jr. . Her grandfather Amon G. Carter, the famous oilman and publisher of the Fort Worth Star Telegram. Steve Tatum is an established attorney in Fort Worth. Amon G. Carter was "Mr. Fort Worth" and considered two of his best friends Franklin Roosevelt and Will Rogers.

Ben Boothe Sr. and Bill White

Bill White carries with him a torch of light with a similar to these "greats" who have crossed Texas.

Bill White has long been on the VIP reader's list of "Boothe's Global Perspectives" and we have followed his political career, considering him a man with special qualities. He told me that he appreciated the impact of our writings. It is not surprizing that Mayor Bill White reported contributions totaling more than $2.6 million in just over 100 days since launching his U.S. Senate campaign, according to a report filed with the Federal Elections Commission.

Bill White received by Fort Worth's VIP's

Some of Fort Worth's most influential mover's and shakers listened as Bill White showed a quiet, persuasive and insightful skill as he communicated his philosophy of government. In contrast to the disaster of New Orleans, when Houston was hit by Ike, Bill White organized private churches, and private community leaders, to do the recovery effort. He didn't depend upon the State or Federal Governments but took initiative and leadership in hand and had Houson back into recovery in amazing time. Thousands of citizens and business leaders pitched in with his encouragement. He literally recruited the good citizens of Houston, to a team to save their city. And it was effective!

There is a difference between a manager and a leader. Bill is a leader, with the vision to inspire managers to do his bidding.

Houston is one of the world's great cities, and Bill White has demonstrated how leadership is supposed to work. He has led the city through persuasion and diplomacy, has made Democrats and Republicans work together happily, while keeping Houston a prosperous and good place to live.

 
May 26, 2009

New President Elected in Mongolia

Mongolia opposition wins election

Incumbent President Nambaryn Enkhbayar
The incumbent President said his rival had won a "narrow victory"

Mongolia's opposition party candidate has won the presidential election.

When in 1990 the Democratic Party of Mongolia ran against the Communist Party, the idea was to bring the nation forward with progressive new ideas. The Democrats won, and much of the nation's economy was deregulated, and the largest businesses were privatized. Within a short time a few wealthy people in Mongolia controlled many of the largest companies, and the nations people still lived in poverty.

The Democrats lost because of "corruption" and the communist party has pursued a "gentler and kinder" policy, allowing capitalism. But corruption within Mongolia has remained. Now the Democrats have won again and hopes are high that Mongolia's economy will benefit from new leadership.

The leader of the Democratic Party and two-time former prime minister, Tsakhiagiin Elbegdorj, had campaigned on an anti-corruption ticket.

Incumbent President Nambaryn Enkhbayar (nicknamed "father of the bribe") - of the former Communist party - admitted a "narrow" defeat. Official results are yet to be released.

 
May 24, 2009

Women's Voice in Iran?

TEHRAN, Iran (CNN) -- Dancing in public in not allowed in Iran, but thousands could hardly contain themselves at a recent presidential campaign rally in the capital city, Tehran.

Supporters hope Zahra Rahnavard will become Iran's future first lady.

Supporters hope Zahra Rahnavard will become Iran's future first lady.

On this day, the deafening cheers were not for presidential hopeful Mir Hossein Mousavi, but rather for his wife -- a woman some are calling Iran's Michelle Obama.

The comparisons to the first lady of the United States stem from the role Zahra Rahnavard is playing in her husband's quest for the presidency.

Never in the history of Iranian presidential elections has a candidate put his wife in the forefront of his campaign.

 
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Global Perspectives is a newsletter that has been published and sent to VIP’s for several years. It goes to political leaders, corporate heads, government officials, academia, and movers & shakers throughout the world.

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