As Fareed Zakaria has pointed out this week in the Washington Post and on CNN GPS, we now have a Trump foreign policy doctrine, and it is not reassuring for the World. Obviously heavily influenced by Bannon, who many had thought had been relegated to backseat status by McMaster, we have been fooled again. As Trump demonstrates his RealPolitik admiration for authoritarians like Putin, Xi Jinping, Erdogan, and Duterte, more sinister scenarios begin to crystallize. Trump’s speech justifying the withdrawal of the United States from the COP21 Paris Climate Change Agreement is a frightening exposition of this new Trump Doctrine. It is Trump thumbing his nose at the World. It is the United States against the World, led by a coterie of plutocrats and their money. The reality is that the evidence points to an ongoing seizure of executive power by Trump that destroys our Constitution in the name of our national security. The question is what we can do about it.
As we are now on the verge of U.S. Congressional ‘fast track” approval of the Trans-Pacific Partnership Trade Agreement, and simultaneously a severe challenge to the integrity of the European Union as Greece and the EU cannot seem to agree on terms to avoid a catastrophe, perhaps it is worth stepping back to consider these complex issues from a higher perspective. None of us has concrete answers. One thing is clear: the U.S. position as a global leader is under serious challenge.
The University of British Columbia is following the lead of faculty and students at Harvard University, the University of California, Stanford University and many other universities across North America. Also of note, Norway’s sovereign investment fund, the largest in the World @ $1.3 Trillion, has already made the decision to divest. The current fossil fuel market collapse and likely long term instability is prima facie evidence of the need for divestment, and to prevent further increases in carbon emissions.
The growing downturn in the fossil fuels industry has extraordinary implications globally. While some are proposing theories that this downturn will be short-lived, there simply isn’t much evidence to support an optimistic forecast. Saudi Arabia is openly executing a long term strategy to squeeze “high cost oil producers,” using its unquestioned leverage and the lowest production costs in the World. Europe is facing potential deflation, and the current European recession is forcing the European Central Bank to begin “quantitative easing,” beginning this week, essentially printing money. The Russian economy is in shambles as the ruble weakens, something Putin did not plan on occurring. The Chinese economy has weakened sharply and will likely remain weak into the near foreseeable future. Meanwhile Canada is at the mercy of these global forces, with little in the way of economic reserves to defend its economy, having bet the entire Canadian economy on oil.
Je suis fier d’etre Francais aujourd’ hui. 3.7 Million people turned out in Paris today, officially. Yesterday, large numbers of people also marched in Nice, Toulouse, Lyon and Nantes.
This article has resonated with me, and my own personal epiphany. It came to me as a university student, sitting on the grass in the university common area. I suddenly realized that I was my own boss, and I no longer cared much what other people thought of me. As the author says here, it was a sense of calm, and a moment that not everyone achieves. It is a variation on my own tag line…”The harder I work, the luckier I get.” Once again, I find that the key factor is people skills.
The good news today is Cisco’s new focus on the Internet of Things, which I have been reporting as the new Mega Global Market War. But frankly, the damage to U.S. companies like Cisco Systems by the NSA spying scandal has been catastrophic. Not only Cisco, but Google’s strategy to become a global Internet Service Provider, Yahoo, and Facebook are all affected.
Uh oh! Expect to see the cost of wireless data skyrocket In addition to Ericsson’s…
U.S. National Security Agency global surveillance of virtually all Internet traffic has been devastating for…
In a somewhat surprising article this weekend, Wall Street Journal investigative reporters Rebecca Smith and Cameron McWhirter have reported on the sorry saga of efforts to create allegedly “clean coal” in Mississippi. This is one of those topics that one would expect the Wall Street Journal to crow about, as it is part of the Murdoch Fox News Empire. What better than another great story about how American technology is once again conquering a challenge by make coal clean and affordable, like in the television ads….? But when the evidence does not add up, the Murdoch minions can reinvent the story as an indictment of government policy and waste. This story has obvious implications for the continued reliance on coal in China and the United States, and the associated problems with carbon emissions from the tar sands in Alberta.