Daily Digest

Daily Digest 1/5 - Risks And Predictions For 2012, Saudi Exporter Status Threatened, Australia Developing Wave Power

Thursday, January 5, 2012, 11:52 AM
  • 7 Geopolitical Predictions For 2012
  • The Top Risks Of 2012
  • Eight Strategic Factors To Consider In 2012
  • M.I.T. Game Changer: Free Online Education For All
  • MF Global Sold Assets to Goldman While It Was Looting Their Customer Accounts
  • Bank of America severing some small-business credit lines
  • Saudis Use More Oil; Exporter Status Threatened
  • Australia Developing Wave Power
  • More extreme weather on Australia's radar

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Economy

7 Geopolitical Predictions For 2012 (James S.)

The year 2012 will be a critical year of leadership transition in China, one in which policymakers will refocus attention on domestic concerns such as high inflation, poor healthcare, social inequalities and wealth disparities, partly to facilitate a smooth and peaceful generational transfer of power that has occurred only three times in the PRC's history.

The Top Risks Of 2012 (jdargis)

United States: right after elections -- Once the votes are counted in November, lawmakers will take up the $5 trillion worth of tax and savings decisions that must be taken in the final nine weeks of the year. Investors face uncertainty about their taxes and government contracts as well as about the broader impact of lawmakers' choices on economic growth.

Eight Strategic Factors To Consider In 2012 (James S.)

Global Energy Supply and Demand: 2012 will see the start of a transformation in fossil fuel supply and demand patterns, driven to an increasing extent by technological capabilities (such as the increasing possibility of delivering fuels derived from shale deposits in Europe, North America, and elsewhere). Changing strategic power reach (such as the decline in US influence in the Middle East, Central Asia, and, increasingly, Africa; and the rise in the PRC’s and India’s acquisitiveness) will also change control and logistical patterns for oil and gas distribution. The US has the ability to move much of its fossil fuel dependence away from the Middle East and Africa through transforming political approaches to the exploitation of domestic oil and gas fields and through cooperation with Canada in the exploitation of Alberta’s shale deposits, but is unlikely to make headway in this arena in the short term, due to political inertia.

M.I.T. Game Changer: Free Online Education For All (Chris M.)

The program will not allow students to earn an M.I.T. degree. Instead, those who are able to exhibit a mastery of the subjects taught on the platform will receive an official certificate of completion. The certificate will obviously not carry the weight of a traditional M.I.T. diploma, but it will provide an incentive to finish the online material. According to the New York Times, in order to prevent confusion, the certificate will be a credential bearing the distinct name of a new not-for-profit body that will be created within M.I.T.

MF Global Sold Assets to Goldman While It Was Looting Their Customer Accounts (June C.)

These are serious offenses. But it becomes even worse if JPM afterwards sought to withhold the stolen funds and cover up the transactions, impeding an official investigation. And then their legal maneuvering afterwards to cut the customer interests in the courts is of course beneath contempt.

Bank of America severing some small-business credit lines (June C.)

Business owners complain that BofA's credit squeeze is abrupt and could strain their small companies and even put them out of business. The credit cutoff is coming at a time when the California economy can't seem to catch a break, and bucks what the financial industry says is a new trend of easing standards on business loans.

Energy

Saudis Use More Oil; Exporter Status Threatened (Jeff B.)

"In 2007, Saudi Arabia's energy intensity [per unit of gross domestic product] was nearly double that of Malaysia, which is of a comparable population size and level of development," it said. The price of a liter of Malyasian diesel fuel was more than eight times higher than Saudi Arabia, it said.

Australia Developing Wave Power (James S.)

Carnegie Wave Energy has tested the CETO system over the past decade in oceanic conditions with test plants at both 1/3rd and commercial scale. The CETO system is scalable, and its modular array design would allow facilities to be expanded quickly.

Environment

More extreme weather on Australia's radar (TG)

“These communities are particularly exposed to some of the most damaging extreme weather events such as cyclones, storms, hail and flooding.”

Almost 100 per cent of natural disasters in Australia are weather related, it said.

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2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1988
your tax dollars at work - not

“The failed Range Fuels wood-to-ethanol factory in southeastern Georgia that sucked up $65 million in federal and state tax dollars was sold Tuesday for pennies on the dollar to another bio-fuel maker with equally grand plans to transform the alternative energy world,” writes Dan Chapman of The Atlanta Journal-Constitution.

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