Why Are we Subsidizing Big Oil?

Why Are we Subsidizing Big Oil?

President Obama must be asking the same thing as he proposes cutting out approximately $36.5 billion a year in oil and gas company subsidies and tax breaks in his new budget, which is set to be released at the end of February. "We will not continue costly tax cuts for oil companies," president Obama said in his announcement of the proposed budget for the 2011 spending year, which starts in October. This isn't the first time president Obama has tried to cut off big oil. He has tried to cut the subsidies from the federal budget two previous times but was rebuffed each time as intense lobbying from energy producers and opposition from both sides of the aisle in Congress prevented it.

The argument against cutting subsidies has been the same each time; ending the subsidies would damage the economy. "This is a tired old argument we've been hearing for two years now," said Jack Gerard, president of the American Petroleum Institute, the oil and gas industry's main lobby in Washington. "If the president were serious about job creation, he would be working with us to develop American oil and gas by American workers for American consumers." Mr. Gerard, in an interview with the New York Times turned the subject of subsidies on its head, stating that "The federal government by no stretch of the imagination subsidizes the oil industry.

The oil industry subsidizes the federal government at a rate of $95 million a day." The administration's response has been that big oil has been raking in record profits for years (while charging $3.50 a gallon for a gallon of gas). Considering that Exxon Mobil's profit for the last year came in at $124 billion, cutting a subsidy of $36 billion for the entire industry doesn't look like it's going force any of the members of big oil into bankruptcy. A second look at Exxon's profit, put in the context of Mr. Gerard's comment hinting that big oil needs to continue receiving subsidies to create jobs, seems a bit disingenuous but an extra $36 billion can buy a lot of toys. Reuters reported that renewable energy will get a funding boost in the 2012 budget, including "$302 million for solar energy (up 22 percent), $123 million for wind energy (up 53 percent) and $55 million for geothermal energy (up 25 percent)". If Obama is successful in getting the oil subsidy lifted, it would be encouraging to see more money allocated toward renewables. While the percentage gains are impressive, the money going to renewable energy sources would be less than 3% of the money saved from cutting the $36 billion subsidy.

China Lowers 2012 Gdp Growth Target to 7.5%

China, the world's second largest economy, lowered its GDP growth target to 7.5 percent this year, marking the first time the figure has dropped below 8 percent in the past eight years. China aims to increase its GDP by 7.5 percent, boost the volume of total exports and imports by roughly 10 percent, and hold consumer price index (CPI) increases to around 4 percent, Chinese Premier Wen Jiabao said in his "Report on the Work of the Government" presented to the National People's Congress on Monday. The slower growth rate is in line with global expectations and reveals China's awareness of the need to rebalance its economy.

The country currently relies heavily on exports and investment for its economic development, but has begun to find such an economic model no longer sustainable due to surging labor costs and a lack of innovation (which leads to low investment returns). " settling a slightly slower GDP growth rate, we hope to make it fit with targets in the 12th Five-year Plan, and to guide people in all sectors to focus their work on accelerating the transformation of the pattern of economic development and making economic development more sustainable and efficient, so as to achieve higher-level, higher-quality development over a longer period of time," Wen stressed in his speech. China's 12th Five-year Plan released one year ago aimed at an average annual growth rate of 7 percent between 2011 and 2015, a 0.5 percent correction down from the development goal set in the country's 11th Five-year Plan.

A recent report named "China 2030" - prepared by the World Bank and the Development Research Center under the Chinese State Council - said China has reached a development "turning point" and should use the right timing to conduct deep reforms. "China could postpone reforms and risk the possibility of an economic crisis in the future or it could implement reforms proactively," says the report. Beijing's acceptance of a lower growth target is also interpreted as a measure to manage international expectations. While the debt-ridden Euro zone still expects China's rescue in cash, and the United States in an election year continues pushing the RMB value to rise, China's own headwinds may give the country less external pressure and offer a breathing space for domestic exporters.

Phone Manufacturing Company Supports High School Musical Talents With Talent Search

One of the world's biggest and leading telephone brands, Motorola, will be supporting a music talent contest called MySchoolAct. The winners will be given a record deal with the top recording production and studio company Sony Music Entertainment. He or she will also get a spot for the Big Day Out 2012 festival program. Most aspiring musicians or students who are looking to find jobs in the music industry should take advantage of this contest. Most of the students who would join this contest would consider audio production schools after high school. This contest will not only help the winner with a solid foundation with exposure, it will also give him or her a taste of what is to come if they were to pursue a job in the music industry. Aspiring musicians from different schools in the regional, metro and even the rural high schools from corner to corner of Australia are given the opportunity of a lifetime.

This opportunity can give them a bright future in the music industry and even help them get into the best audio production schools. The possibility of getting a record deal with a big music production company, Sony Music Entertainment, which is valued about $50,000. Besides that, they are also being included to join the line up of the Big Day Out 2012, Australia's grandest and biggest music festival the tours from city to city. This possibility would not be possible without MySchoolAct and Motorola. MySchoolAct is basically an online musical talent competition which is exclusively made for Australian students who are in high school with the passion for music and the industry. The MySchoolAct supports all the music groups, choirs, bands and other that are within the schools. Best of all, this competition is for free. No sign up fees are needed. The MySchoolAct program has been planned to showcase all the incredible talents that high school musicians and bands across Australia have.

The program also enables these students to make or build and even interact with their fan base. They can post their videos and music on the site so everyone can see them. Higher education schools such as music collages and audio production schools have supported the program to let the high school students show their talent and become better at stage performance or when performing with an audience. Asides the main prizes, Motorola will also be given out merchandise.

London Bullion Market Association Reports on Silver Prices For 2012

According to the reports by the panel of expert analysts at the London Bullion Market Association, the prices on silver will not rise up to a remarkable extend as expected the same in April 2012. However, gold will display its flares in 2012 because of ongoing precious metals price prediction competition. As statistics from the competition on the prices, gold appears to touch elation unlike its counterpart the white metal. From the analysts' forecasts, it is clear that the average silver price in 2012 was US$33.98, but it shored up to a height of $44.49 that was a consecutive predication representing a substantial 39% increase. This is a blueprint of the current silver price, which is around $32.

If you take both of the metals in combination, you will see that the gold: silver ratio may fall a little from the current 52 to around 46, which is rated above the low point achieved in 2011 as well above the so-called historic ratio of 16:1. As six out of 25 participants in the competition assume that the prices on silverwill exceed $ 48.70 at some stage in 2012 taking for grand 28th April last year's silver price rise. Some analysts believe a maximum $50 increase for the white metal as the rounded off figure for silver at the current moment. With their last year prediction, they were unfortunately wrong with their $10 below guess. Hence, they feel that it is very difficult to predict fate of silver. The survey participants' doubts on silver's performance occur as a result of agitation about the global economic recovery and the proportion of silver demand, which depends on industrial usage. Some bullish forecasters say that the increasing industrial demand in the mid of the year provide sufficient boost to silver prices.

Hence, it offers an edge to its counterpart, gold as well a strong witness of silver's performance where both metals move forward at the same time. The white metal appears to be more volatile metal than its counterpart, gold whereas the variation is enormously notable because of high and low over the prices. According to the forecast of the analyst participants, the average silver price may fall down $20 whereas the average low price will stay at $24.06, which is huge difference representing a difference between high and low of around 85%. Because of volatile nature of silver, it is referred the Devil's metal and a point to note down that it is hard to predict about its altering prices.

Share Market News to Make a Wise Investment

The various forms of written media and multimedia are not just informative, but also educative. We acquire genuine knowledge of several things. World business news encompasses almost every aspect of business possible which includes share market news, company news, in every nook and corner of the world. Books, newspapers, magazines and pamphlets are responsible for shaping personalities, writing skills of individual and thinking habits too. People who have cultured a healthy reading habit are inundated with latest news about gadgets, machines, cars, computers, home appliances etc which helps them to decide quality goods.

Many silently suffering masses get impetus to revolt when a person takes interest in their cause and makes documentaries to show the world the real plight of downtrodden people. World business news makes for such heart-rending facts at times that some people forget their own tension while empathizing with those suffering elsewhere. In a fiercely fashion conscious world of today, latest news about fashion trends are a turn-on. Aspiring entrepreneurs, businessmen should keenly go through the share market news to know the latest trend of business and where to invest to maximize profit.

Public Safety Wireless Communication Market And Municipal Wireless

Public Safety Wireless Communication market spending is estimated to be USD 14.8 billion in 2011 and expected to reach USD 15.8 billion in 2012 and further to USD 22.1 billion at a CAGR of 6.98% over the period 2012 to 2017. Police Department accounted for the largest share of spending at 72.5%of Public Safety Wireless Communication market spending in 2011 and also will be the fastest growing segment at 7.0% CAGR during 2012 - 2017. Municipal Wireless Communication spending .reached USD 9.2 billion in 2011 and is expected to reach USD 14.9 billion by the end of 2017 with a CAGR of 8.4% during 2011 - 2017. The future growth in the ongoing process of city-wide and municipal wireless broadband services is the main factor that leads to technology innovation in wireless broadband with the increase in number of new services over the next seven years. This will be an ad on advantage for mobile wireless device, equipment and infrastructure developers. The globe is witnessing the fear from many sides such as terrorist attack are also increasing so there is need to advancement in every direction and simultaneously there are places where natural disasters occurs frequently so there is the need for public safety application segment and municipal wireless to play an unmatched role in wireless broadband technology.

The spectrums of public safety are used in many applications due to limited spectrum availability in the network. North America also has a target of 99%, 4G high-speed wireless penetrations nationwide to support the growth and deployment of public safety wireless communication throughout the country.President Obama on February, 2011, announced "Wireless Innovation and Infrastructure Initiative" or "National Wireless Initiative" and has allocated federal funds to spend on wireless goals i.e. USD 18 billion for the wireless policies, radio spectrum allocation of "D" block for public safety. This will lead to the deployment of network and infrastructure growth in the country that will increase more suppliers to attract the North American public safety market. North America accounted for 50.3% of the overall public safety wireless communication spending in 2011. Browse full report at Public Safety Wireless Communication Market The Asia Pacific on a steady rate growth as countries are in the development stage so acceptance of the technology and market penetration depends on the market growth of developed countries, since they are still following the developed countries and in hand trying to compete with them in technology and all perspective to have an upper hand in technology.

Hence there is the need for the development for public safety and municipal wireless to act in hand within the wireless broadband technologies. Asia - Pacific accounted for USD 2,054.1 million of global public safety wireless communication spending in 2011. With fasted growth rate among all the regions, the APAC market is expected to command 15.7% share by the end of 2017. In EMEA the spectrums of public safety are used in many applications due to limited spectrum availability in the network. With growing demand of public safety wireless communication the development of public safety organization in city of Berlin has launched the project 'Wireless City Berlin' (WCB) which is supported by the European Regional Development Fund (ERDF) and in South Moravia are some example of latest development in public safety. Infrastructure development and services market are showing huge growth rate in the next seven years which will help in future growth of wireless communication in public safety and municipal wireless communication. The public safety devices and equipment market in Latin America is expected to grow in the next four years when the infrastructure growth will give a strong background in the next 3 years and a strong development of wireless technologies. This increase in wireless technology has future growth opportunities in public safety and municipal wireless communication. Public safety Network Technology & Infrastructure spending stood at USD 3,439.4 million in 2011 whereas equipment, devices and services spending share stood at 21.3%, 14.3% and 26.8% in the same year. Wi-Fi is the largest spending technology segment currently with 18.6% share of Network Technology segment. LTE has the fastest adoption rate and is expected to the largest spending technology segment by the end of 2020.

Satellite communication spending in public safety stood at USD 952.7 million in 2011. TETRA/TEDS are the largest spending communication network technology segment with 2011 spending reaching USD 1,027.3 million. Scope and Overview The objective of the study on "Public Safety Wireless Communication & Municipal Wireless Communication Market: Global Spending Analysis & Forecast" is to gain detailed market insights for key Public Safety Wireless Communication & Municipal Wireless Communication segments that include network technology, devices, equipments & services. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue report also covers the strategies followed by"Public Safety Wireless Communication & Municipal Wireless Communication Market" players.

New York Most Fascinating Workplaces

New York, which is commonly referred as the City That Never Sleeps or the Apple, offers some of the best fascinating offices in the world. These offices have something in common like friendly staffs, warm working environment and endless inspiration without leaving their workplace. A recent study has researched on quality of views, wall color and furniture to make a list of most fascinating offices in NYC.


The New York City headquarter of most successful tech company ever Bloomberg is as famous as the company itself. The office stands in more than 400,000 square feet at 120 Park Avenue which is workplace for more than 6,500 employees. Bloomberg's gorgeous headquarter is a pretty quiet place occupied floors 1-29 of the 55-story building.

The lounge displays wide-open TV studio, fish tanks and glass-wall

The Bloomberg is decorated with the curved escalator (one of two in the world), big color coded blocks, snack bar and little closets

Google office is located over the historic Chelsea Market and across from the Eighth Ave. The place has scooters and legos inside

The world headquarter of Internet Company IAC is absolutely a modern building by a modern architect Frank Gehry. The 10-story building is constructed with a glass façade and seems to flow in the wind

The IAC office has a salon, a training facility and a corporate headquarters

The Gawker's founder, Nick Denton, wants to make his office a bit like a library

The NYC office of Creative Time offers a sense of enclosure and private for staffs thanks to reflective materials and orange sliding walls

The building of Creative Time has floor-to-ceiling glass and displaced ventilation

Estsy's office is located in DUMBO, Brooklyn which has beautiful facade from a London telephone booth

The design of JWT office is based on branch of tree which looks modern with both color combination and the furnishing

The office houses DVF’s flagship store gets inspiration from historic buildings in Manhattan’s Meatpacking District. The building emphasizes on the distinctive facades and geometric glass structure was applied to the roof space

Granite crusher and mining equipment manufacturer

Granite crusher is a mining & quarrying equipment used in granite mining or granite quarry, in order to crush the granite rocks to the required specifications. BinQ is a major granite mining & quarrying equipment manufacturer and supplier in China.
PRLog (Press Release) – Oct 28, 2010 – Granite crusher is a mining & quarrying equipment used in granite mining or granite quarry, in order to crush the granite rocks to the required specifications.
BinQ is a major mining & quarrying equipment manufacturer and supplier in China, our quarry rock crusher is of good quality and service. Granite crusher is the popular products of BinQ, the major granite crusher is jaw crusher, impact crusher and mobile crusher etc.
In order to produce the granite aggregate, granite crusher is needed to crush the big granite rocks to the required size specification. In this process, primary crusher, secondary crusher, tertiary crusher etc. are needed for the granite quarry crushing plant.

As a professional crushing equipment manufacturer and supplier, BinQ can produce jaw crusher, impact crusher, cone crusher for the clients. We recommended the customer to choose jaw crusher and impact granite crusher as primary crusher, cone crusher as secondary crusher and tertiary crusher if necessary, In order to be used as granite aggregate, the shape of the end products is important for the clients, Our PF impact crusher or PFW hydraulic impact crusher can crush the rocks with end products of cubical shape. Our VSI crusher is an ideal choice too.
For the small granite quarry crushing plant, portable crusher and mobile crusher equip with small jaw crusher, impact crusher, vibrating feeder, vibrating screen, conveyor belt is a good choice.
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Aluminum ore crusher
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concrete crushing plant
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Chromium Crusher

Environmental Benefits of Solar Panel Installation

One of the main reasons that many people are choosing to heat and power their homes with alternative sources of energy like wind and solar power is that they are relatively inexpensive after the initial setup costs. Mother Nature provides sunlight for people to collect with their solar panels. Another reason that compels some people to choose solar power is because of the environmental benefits of a solar panel installation. These days "green," energy efficient, and environmentally friendly technologies are in vogue and as the costs of fossil fuels go up, options like solar panel installation will continue to increase in popularity

Most electricity in industrialized nations is produced by burning fossil fuels like coal and by nuclear fission, both of which can have detrimental effects on the environment. When fossil fuels like coal and oil are burned, the combustion of these fuels produces greenhouse gases like carbon dioxide and methane. Environmental scientists have noticed a trend since they began keeping records in the early 20th century that global temperatures have slowly been rising. What is interesting is that this rise in temperature corresponded directly to industrialization and the burning of fossil fuels that release carbon dioxide. The anthropologically produced carbon dioxide traps excess heat in the Earth's atmosphere that would normally be reflected back into space, thus heating up the planet. A hotter Earth can have severe consequences on climate like causing sea levels to rise, floods, droughts, and powerful storms. Scientists believe that it is necessary to curb the emissions of greenhouse gases before climate change becomes irreversible. By choosing solar panel installation for their homes, homeowners can help to reduce the use of fossil fuels to produce electricity. Some studies have shown that by installing a solar panel, single family homes can reduce their greenhouse gas emissions by as much as 20,000 tons per year.

Not only do traditional methods of producing electricity add greenhouse gases to the atmosphere, but they also produce toxins, which can pollute the air and infiltrate the water supply. Nuclear power is thought to be clean and environmentally friendly, but a by product of nuclear fission is nuclear waste, which must be stored in underground vaults. Transportation of these hazardous, radioactive waste products can be dangerous as can the actual storage. The waste can leak out, poisoning the ground and the water supply in the process. Also, nuclear power plants can have meltdowns, which can release toxic, radioactive clouds of gas, which can poison and kill organisms. Burning fossil fuels can also create harmful toxins like sulfur dioxide, which can combine with water vapor to form acid rain. Solar panel installation in a home can help to decrease the demand for power from these traditional sources, reducing the amount of toxins and wastes produced from them.

While a solar panel installation may not completely remove the need for fossil fuels and nuclear power, it is a step in the right direction.

John Rosatti Founding Partner of Burgerfi Announces Upcoming Location in Delray Beach

(1888PressRelease) BurgerFi was founded by a team of successful restaurateurs with a love for nostalgia and delicious food. One of the founding partners, John Rosatti brings a history of repeated success and keen business ingenuity to the BurgerFi team. Delray Beach, FL - John Rosatti, a true American success story and owner of one of the largest auto dealers in the country, has taken his love for all things classic one step further and in becoming one of the founding partners of BurgerFi, a restaurant born of the love for the classic American cheeseburger and founded in the concept of providing fast, casual, high-quality dining. BurgerFi will be opening a new location in Delray Beach in July 2011. BurgerFi's story began when a group of veteran restaurateurs including David Manero, Lee Goldberg and John Rosatti, decided to recreate the great casual meals of decades past.

The idea for BurgerFi came after the success and acclaim generated from David Manero's Delray Beach restaurant, The Office and its top selling and most talked about all Natural Angus "CEO Burger". BurgerFi is a modern take on a classic favorite; an urban roadside burger stand with the energy and spirit of the 50's and 60's. BurgerFi has made the classic cheeseburger modern by using natural and healthier ingredients such as natural Angus beef and quinoa for their vegetarian version. The menu also includes modern takes on other classic favorites like fries that are cooked to order in 100% peanut oil and seasoned with sea salt. Other menu items include: onion rings, hot dogs, and frozen custard to name a few. BurgerFi uses ingredients that are naturally grown, humane certified, source and age verified, vegetarian fed with no antibiotics or hormones that come from sustainable ranches. John Rosatti is representative of all things classic: from his roots in successfully creating one of the largest auto dealerships in the country to his love for yachts and collecting classic cars. The first BurgerFi was established in Lauderdale-by-the-Sea and due to its outstanding success, the BurgerFi founders: David Manero, Lee Goldberg and John Rosatti, are opening a new location in Delray Beach.

The new location is scheduled to open in the beginning of July. About John Rosatti John Rosatti was born into a working class, close knit family in Brooklyn, NY. John's strong work ethic, instilled by his father and grandfather, began at the early age of Rosatti 's drive and determination has led to a number of successes throughout his career. He has experienced great success with his company, Plaza Auto Group which was voted by Wards Automotive as a 'Top 100' dealership. In 2001, Plaza Auto Mall was recognized by The New York Daily News as one of their '2001 Auto All-Stars'. John Rosatti outstanding success in the auto world drove him into the business realm of his lifelong passion of boating and in the early 1980's John Rosatti co-founded Millennium Super Yachts. John Rosatti and his two super yachts, Nice N' Easy and Remember When, have been featured in a variety of yachting magazines. John Rosatti is known well for his creativity, keen business sense, perseverance, and philanthropy. John Rosatti is a founding member of BurgerFi, a restaurant born of the love for the classic American cheeseburger and founded in the concept of providing fast, casual, high-quality dining. For additional information, contact: BurgerFi Corporate Headquarters 290 East Atlantic Avenue Delray Beach, Florida 34444 855-728-7437 Info ( @ ) BurgerFi dot com Source: