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5 Reasons Why China is Going After Boeing

In our article BoycottUSA and BoycottTrump Does Not Mean Not Buying American, we explain that China is applying there retaliatory tariffs to Donald Trump supporters and no the US as a whole.  That brings up the question of why China would target Boeing.

chicago-2016-presidential-election-results-no-support-trumpBoeing is based in Chicago and Chicago did not support Trump in the 2016 and they certainly don’t support him now:

Boeing’s primary assembly plant, which is the largest building on earth, is in Everett Washington and Washington State did not support Trump in 2016.  In fact Hillary Clinton won all 12 Washington State electoral votes.


Why Did China Target Boeing?

1: Boeing Is Perceived As Trump Friendly

boeing-chinese-targetWhile it is common sense and standard operating procedure for companies to quietly support their political leaders Boeing seems particularly aggressive in this area.  When it looked like Hillary Clinton was going to win the 2016 Presidential Election, Boeing was there to help

Boeing, like many companies, woke up on November 9 to an unexpected political landscape. The company had been preparing for a Clinton presidency. Timothy Keating, its long-time senior VP of government operations, served under President Bill Clinton. There was even internal discussion at Boeing that Keating might join a new Clinton administration. Source: money.cnn.com/2017/02/17/news/companies/boeing-trump-dennis-muilenburg/index.html

Now the Donald J Trump has won the White House, Boeing has not unexpectedly flip flopped but they have taken it further than most, making some believe that they have a genuine support for Trump.  From Presidential visits to photo opportunities to political conversation, Boeing is now tied to President Trump.

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VIDEO: How The African Population Explosion Creates Opportunities

african-assian-population-growthIn “The West” we don’t often discuss or even consider Africa.  However, over the next 20 years the population of Africa is going to double and we will all be paying attention to that.  Without doubt Africa’s population explosion will lead to two things:

  1. Increased demand for goods and services
  2. Increased workforce to provide those goods and services

What is in question is:

  1. Will the governments of the Africa continue to stabilize?
  2. Will the rule of law continue to expand and allow individuals and companies to prosper on a playing field level enough to attract foreign talent and capital?
  3. Will African infrastructure continue to improve or will investments stop causing the existing infrastructure to decay?
  4. Will governments be able to educate their populations so that they are useful participants in a modern economy?
  5. Will African farmers produce enough food to sustain their population?

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US and Canadian Crime Rates Are Way Down Thanks To Engagement

If you live in the United States or Canada and you feel less safe than you did 20 years ago, you are likely either in one of the very few geographic bubbles (like Chicago or rural Alberta) or you are a victim of politicians and social media trying to manipulate your natural fears.  The fact is that crime, violent and otherwise is waaaay down.

Canadian Crime Statistics

Below are the Canadian statistics and they roughly concur with the US crime statistics in that crime peaked near the year 1990 and then declined between 30 to 80% in all categories and in nearly all regions.  This despite the fact that it is more likely a citizen will report a crime today than they would have 30 years ago.

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What Is Induced Seismicity in Oil & Gas Exploration & What Can Be Done About It?

What is Induced Seismicity?

Induced Seismicity is just another way to say ‘man made earthquakes’ and are sometimes referred to “induced earthquakes”.  Induced Seismicity can be caused by many things humans do including:

  1. damming rivers for hydro power build a vast water weight behind the dam which was not their previously
  2. having old mine shafts collapse
  3. draining of underground water reservoirs
  4. tunneling / boring for transit systems

Induced-Seismicity-caused-by-oil-gas-explorationbut the focus of this article is Induced Seismicity caused by oil and gas exploration and production.  There are some unexpected results in the latest research that governments and citizens should be aware of.

The picture to the right is the standard graphic used by industry to explain that when we search for or produce oil and gas near existing fault lines, the added (or reduced!) pressures can cause the faults to activate resulting in earthquakes.  Nowhere has this been more pronounced than in Oklahoma over the previous decade and their citizens and governments are taking it very seriously.

What are the Main Causes of Oil & Gas Related Induced Seismicity?

The two major causes of oil and gas related Induced Seismicity are:

  1. Fracking HORIZONTAL wells
  2. Waste water disposal wells

What is Fracking?

Hydraulic Fracturing or “fracking” is simply the process of injecting materials (often including water, sand, chemicals, CO2…) into a well under very high pressure.  The idea is to crack the rock and release the oil and gas contained.

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Strathmore MLA Derek Fildebrandt Claims Jason Kenney Told Him He Cannot Run Against a Women

jason-kenney-Derek-Fildebrandt-alberta-ucpThe video below shows Derek Fildebrandt at the Strathmore on Monday April 23rd, claiming that UCP leader Jason Kenney told him he could not run against a female UCP member:

…What Jason (Kenney) said to me. It’s not about me challenging other incumbents. It was only about me challenging female incumbents… And he said I could run against any other men…  I don’t think it serves women well to have effectively affirmative action in politics…

It should be noted that Mr. Fildebrandt is accused of many politically unsettling problems including:

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The Unintended Consequences of Government Meddling In the Steel Industry

dangerous-steel-worker-jobsIt is well established that even well intentioned government intervention in industry very often ends up causing more problems than it solves.  Today one of the issues facing the United States is a loss of jobs in the steel industry and so President Trump claimed this is a National Security Issue and so used his unilateral power to impose a 25% tariff on imports of steel into the United States.

On its face, this seems like a good idea.  Simplistically, if decrease the ability of other countries to export their steel to the US will result in the creation of more US steel jobs.  However, the world is not a simple place and what actually happened was:

  1. Few new US steel jobs were (or will be) created as steel foundries take time to expand and most of that expansion will be done with… wait for it… automation, not direct jobs
  2. The cost of goods produced in the US has to go up to accommodate that tariff.  That is a particularly ugly reality for US consumers that like things made with lots of steel, like cars
  3. The US has trade agreements with many friendly countries like Canada, Japan and others that preclude such tariffs but cause diplomatic problems as exceptions are carved out
  4. Other industries then get in-line for their protection package causing a never ending tide of companies looking for their handout
  5. Some important civic projects like steel intensive bridges have their costs increase or projects delayed so long (because engineers now spec required US steel that is back-ordered) that they are cancelled outright or don’t get completed in a timely fashion.

The five points above are well documented oft discussed in the media.  The video below however, points out two fascinating unintended consequences that we had not thought of:

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How Killing The Canadian Oil Industry Is a Formula For Environmental Disaster

Today Bloomberg’s Michael Bellusci wrote an article explaining that Canadian oil and gas companies are in deep trouble.  Here is an excerpt:

Canada’s Energy Industry Faces ‘Extinction’ Without M&A, BMO Says

On the same day, Global News reported:

Feds to spend $280k to study why Canada’s oil and gas sector is falling behind

The federal government plans to spend up to $280,000 for a new study on Canada’s competitiveness in the oil and gas industry as investment lags and the United States offers new incentives for companies to move south…iea-world-energy-demand-change-2016-2040
Source: globalnews.ca/news/4123026/oil-and-gas-canada-falling-behind-study/

In general terms the issue is that with low oil prices, oil companies see better places in the world to put their money than Canada.  Oil & Gas “activists” will initially claim a victory here because they have had some impact on making it difficult to get Canadian Oil and Gas to both international and domestic markets.

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Bankruptcy of Gun Maker Remington Signifies Nothing For the Anti-Gun Lobby

remington-firearmsToday the United States oldest gun maker Remington Outdoor Company Inc, which owns Remington Arms, filed for Bankruptcy protection.  The anti-gun lobby has taken this as a sign that the guns and gun companies are finally starting to decline.  Unfortunately, Remington’s collapse is only a sign of bad management and will do nothing to stem the tide of easy to find, cheap guns.

Remington expanded production several in the Obama era, especially after Sandy Hook, as Americans feared their misunderstood second amendment rights were going to be taken away, resulting in spiking gun sales.  Then after the flip flopping sometimes NRA supporter Donald Trump became President, all gun manufacturers including Remington found that sales declined because there was little fear of new gun restrictions.

In 2007 high profile private equity firm Cerberus bought Remington and started loading up the debt.  In the end Remington took on nearly 1 Billion (yes, that is a “B”) in debt and was stuck with huge inventories they could not sell to service that debt.

timeline-of-gun-sales-in-america-2000-2017

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Should Disposable Single Use Plastic Bags Be Banned?

There has been much talk in the recent decade about banning disposable plastic bags.  The basic argument is that consumer grade disposable single use plastic bags are the root cause widespread environmental damage but have ready alternatives, so why are will still using them?

As is often the case with political issues, there is no simple answer to the question “Should single use plastic bags be banned?”.  Below are some of the facts and you can decide for yourself if this is a crisis or not:

ARGUMENTS AGAINST SINGLE USE PLASTIC BAGS

  • Australian scientists found that 90% of seabirds had plastic in their digestive tract
    • 85% of ‘ocean garbage’ is plastic
    • In March of 2018, Canadian Environment Minister Catherine McKenna claimed that there is the equivalent of one full dump truck load of plastic materials being dumped in the ocean every minute of every day
  • Plastic bags are made from non-renewable material
  • Single use plastic bags account cost about $.04 each to buy new and it is estimated the clean up cost is about $.15 per bag, resulting in a total cost to the consumer of more than $80 per year (more…)