01.25.08

60m Indians to be without power by 2030: IEA

Posted in Economic at 8:15 pm by admin

60m Indians to be without power by 2030: IEA

Thursday, November 08, 2007

LONDON: By 2030 around 60 million Indians could still be without power as the nations electrification drive lags its economic development, the International Energy Agency (IEA) said on Wednesday.

In its latest World Energy Outlook, the IEA said India needed to invest $1.25 trillion in energy infrastructure by 2030 and that more than three quarters of this investment should be in power infrastructure.

Attracting investment in a timely manner will be essential if economic growth is to be sustained, the IEA said. To date some 412 million people have no access to electricity in India. By 2030, that should fall to nearly 60 million as the electrification rate rises to 96 per cent from 62 per cent in 2005, according to the IEAs reference scenario, or most likely energy forecast.

Only in its high growth scenario would all households have access to electricity. According to its reference scenario, total electricity generation in India reached 699 terawatt hours in 2005 and rises to 2,774 terawatt hours in 2030.

Per capita electricity generation at 639 kilowatt hours in 2005 was more than four times lower than the world average and comparable with that of Vietnam and Mozambique. Coal, which produces high volumes of carbon emissions, is the dominant fuel in Indias electricity generation, accounting for more than two-thirds of total electricity produced and heavy dependence is forecast to continue.

To make matters worse, Indias coal-fired plants are among the least efficient in the world, although efficiency rates are expected to improve and India has joined international efforts to speed up the development of carbon capture and storage technologies.

It is also seeking to develop nuclear generation, which does not result in any carbon emissions, and has an ambitious target of raising nuclear generation capacity to 20 gigawatts by 2020 and 40 gigawatts by 2030. Earlier targets for nuclear generation have not been met.

60m Indians to be without power by 2030: IEA

Originaly from Source

01.24.08

Deep water container port planned

Posted in Economic at 9:46 pm by admin

Deep water container port planned

KARACHI, Nov 7: A signing ceremony will be held on Monday for a high profile concession agreement of Pakistan Deep Water Container Port (PDWCP) having a draft of 18 metres and could handle super post- Panamax container ships.

The ceremony is expected to take place in President House where Karachi Port Trust (KPT) and Hutchison Port Holdings (Hong Kong) are scheduled to enter into an agreement in the presence of the President General Pervez Musharraf and other high officials.

The KPT is setting up new harbour enclave called the Pakistan Deep Water Container Port, at the mouth of existing harbour and at east of Kemari Groyne. In the first phase a 1500 meter quay will is being built to establish the first deep water container terminal in the country and the region with a designed depth of 18 meters.

With 35 years experience in container terminal management, development and operating around 257 berths in 45 ports of 23 countries the Hutchison Port Holdings (HPH) are the largest container operators and handle 59.1m TEUs world wide of which 13.1m is transhipment cargo.

The concession is being awarded on Built Operate and Transfer (BOT) basis for an initial lease of 25 years and could be extended for another 25 years on mutually agreed terms and conditions.

The PDWCT is a green field project in which the Karachi Port will undertake infrastructure development including building of three new breakwaters, extensive dredging work to the tune of 30 millions cubic meters and construction of 1500 meters quay wall at a depth of 18 meters.

The HPH would establish a high throughput container terminal including back-up area, provision of utilities, procurement of gantry cranes and other associated equipment along with computers and management systems. They would also develop container yard, storage and transfer areas, operational buildings, ship to shore gantry cranes, rubber gantry and mobile gantries.

The cost of first phase of the project is estimated to be $1 billion and being developed under public-private partnership. The KPT will invest $450 million for infrastructure development and HPH $557 million.

The salient feature of the concession is that it guarantees an income of $1.14 billion to KPT over the 25 years lease period irrespective of the quantum of through put container traffic. This means that KPTs investment would be paid back in a short period of six years..

This would also mean that KPT would receive $3.5 billion during the tenure of the entire concession period. As per plans the KPT is expected to hand over the first berth to HPH by 2009 and the subsequent berths at fixed intervals.

The new port will have both road and rail linkages with the hinterland which also includes a proposed Cargo Village in the western backwater of the Karachi Port

With a draft of 18 meters PDWCT would be capable to handle ships up to 450 meters length, 60 meters beam and 17 meters draft carrying 15,00 TEUs which is about the largest container vessel expected to operate in the region for a considerable time in future.

Besides, Federal Minister for Ports and Shipping Senator Babar Khan Ghauri, secretary ports and shipping Fazal-ur-Rehman chairman KPT Vice Admiral Ahmad Hayat will also attended the signing ceremony.

Deep water container port planned -DAWN - Business; November 08, 2007

Originaly from Source

Election Guide: November 6 ,2007

Posted in Economic at 8:56 pm by admin

With polls starting to close… here are the important races to watch tonight. The next story will be for election results.

Tomorrow, November 6th, is election day in some parts of the country. The most important elections from a national standard are:

[UPDATE] Fourth issue added.

1. School Choice in Utah

The state legislature in Utah enacted universal school choice earlier this year providing a voucher to all future students that is larger the poorer the family. The vouchers range from $500 to $3,000. Each student who takes the voucher will save the district over $3,000 to use on the students who choose to stay in the public system. The universal nature of the program scares teachers unions who have poured multiple millions of out of state money to fight parental choice.

Many commentators understand the revolutionary nature of the reforms. Unfortunately, the grass roots support that lead to high public support in the Spring when the legislature passed the reform has fallen under the mass spending by status quo supporters. It is likely that the school choice program will lose at the ballot box in this conservative state. If somehow a surprise victory occurs, it will be a banner day for education and progress.

2. Governors in MS and KY

In MS, Gov. Barbour (R) is expected to win a strong mandate for a second term in a state still dominated by Democrats in the legislature. Gov. Barbour has been a big part of the Republican trend in local and state races and he recently secured endorsements from several major Democrats including several black leaders. Perhaps Gov. Barbour will use some of his second term to woo religious black voters toward the GOP in MS.

In KY, Gov. Fletcher (R) has been attacked by political opponents on some ethics issues and is behind in polls by about 20 points. It seems likely that Ds will pick up this seat while losing the LA Governorship.

3. State Legislatures

VA: Republicans control the state house 57-40 and there are around 6-10 competitive seats mainly in Northern Virginia. Rs will likely hold control of the House but will lose seats. In the state senate, Rs have a 23-17 lead with 6 competitive races (5R, 1D) mostly in Northern Virginia. If NoVa continues it’s trend toward Ds, they could pick up the Senate and get in range of the House. With a D GOV and 2 D SENs after 2008, Virginia is slipping from Republican control.

MS: Even liberal media sites expect Barbour’s coattails to help Rs in the state houses. Rs control the Senate 27-25 (after two party switchers this term) and Ds control the House 74-48. It is unlikely Rs will take the House, but the chamber may change substantially.

LA: Term limits hit this term and many incumbents cannot run again in both houses. The first round of elections are not a big change from four years ago. Democrats control both chambers in a state that has trended Republican recently. Party label has always been less important in LA than other states. Thus, some new Ds may be better than some older (pay to play) Rs. It seems likely that Rs will make minimal gains this cycle and perhaps more next cycle but Ds will hold both chambers when Gov.-elect Jindal brings his ethics reforms to the legislature.

NJ: The state senate is 22D-18R (and the house 50-30) so anything could happen, but there is not much written about the dynamic of this election. Gerrymandering and the lack of competitive races have led to predictions of low turnout.

[UPDATE] 4. Pittsburgh Mayor

Mayor Ravenstahl (D) is over his head with the inherited position. The city hasn’t had a Republican Mayor since the 1926 election. But Mark DeSantis (R) is showing some surprising strength including several unusual endorsements from the major local papers and a very active Democrats for DeSantis group. This could be a major surprise victory for an up and coming young Republican in a heavily Democratic city. Perhaps a future Giuliani/Riordan type.

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Election Results Open Thread: November 6, 2007

Posted in Economic at 8:05 pm by admin

State Polls Close Races to Watch Results
Utah 10pm EST School Choice Referendum Utah SBE
Kentucky 7pm EST Governor and other statewide offices KY SOS
Mississippi 8pm EST Governor and other statewide offices as well as state legislative seats MS SOS
New Jersey 8pm EST A few state legislative seats NJ.com
Ohio 7:30pm EST OH-05 Republican Primary OH SOS
Virginia 7pm EST Control of the state senate and house VA BOE

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01.23.08

Mississippi Liveblog- Haley Wins!

Posted in Economic at 10:25 pm by admin

The polls will be closing down here in Mississippi in a couple minutes. I am sitting at Gov. Barbours victory party in Jackson as people start coming in. I will provide numbers as soon as I hear them. I am also following a number of other key statewide races. Stay tuned.

Also, check out my personal blog- Majority In Mississippi- for more on the election.

Go below the fold for the live updates:

Update on other MS races with 18% reporting:
Lt. Gov- Bryant (R) 56-44
AG- Hood (D) 60-40
SofS- Hosemann (R) 56-44
Auditor- Pickering (R) 52-48
Treasurer- Reeves (R) has been declared the winner
Ag Commissioner- Spell (R) 46-44-10
Insurance Commissioner- Chaney (R) 53-47

8:45 pm: With just 16% reporting, the AP has called the race for Haley Barbour.

8:30 pm: We are now up to 6%, Haley is leading 61-39. The Republican lieutenant governor candidate is leading 60-40 (FYI, the MS lt. gov. is actually very important).

8:15 p.m. CST: With about 1% reporting, Haley Barbour is leading Democratic challenger John Eaves about 60-40. Republicans are also leading Lt. Gov, Secretary of State, Treasurer, Ag Commissioner, Insurance Commissioner and Auditor.

Originaly from Source

Impeach Cheney! [Updated and bumped.]

Posted in Economic at 9:35 pm by admin

[OK, one last note. Remember the price of failure:]

And I'll do it slow, too.

[There’s also this, which is much tamer. Both pics found in Fark. - Moe Lane]

Promoted from blogs. Shaddeg, you magnificent bast*rd. - Moe Lane

Today, Republican members in the House blocked the efforts of the Democratic leadership to kill a Dennis Kucinich sponsored resolution to impeach Vice President Cheney. (Linked via Drudge). As a result this Republican manuevering, the House will proceed with a vote on his impeachment.

According to Kucinich, Cheney is guilty of deception with regards to the Iraq War and belligerent actions with regards to Iran.

Apparently Rep. John Shaddeg (R-AZ)came up with the idea of throwing Republican votes in favor of bringing the measure in order to embarrass Pelosi & Co. by 1) letting the American people actually see the unvarnished nuttiness of the House Democrat back-benchers and 2) forcing Pelosi to then have to (presumably) go on record voting against the impeachment of Vice President Cheney and deal with the ensuing wrath of the nutroots.

I say three cheers for Rep. Shaddeg. If we can do more of this type of thing- holding the Democratic leadership accountable for the lunacy of their base, we will have a good shot of regaining a majority vote from the American people in 2008.

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Originaly from Source

It’s (Mostly) Official

Posted in Economic at 8:45 pm by admin

I have the power (of elected office).

Just over 2600 votes. No opposition.

image

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01.22.08

NJ Voters Reject Corzine’s Half-Billion Dollar Stem Cell Boondoggle

Posted in Economic at 10:15 pm by admin

Democrats nationwide have been operating on the assumption that taxpayer funding for stem cell research is endlessly popular with the voters (for all the talk of “banning” research on embryonic stem cells, remember that nobody has advanced a serious proposal to make such research illegal; the issue is whether to spend taxpayer money on it despite the substantial moral/ethical objections of a significant number of taxpayers).

Today in New Jersey, that theory was put to the test, and appears to have gone down in defeat before what is usually accounted as a liberal Northeastern electorate:

New Jersey voters on Tuesday rejected borrowing $450 million to pay for stem cell research grants in the state for 10 years.

With 95 percent of the vote counted, 53 percent of voters opposed the spending.

The rejection was a defeat for Democratic Gov. Jon S. Corzine, who campaigned heavily for the measure. He argued the money would help find cures for conditions such as spinal cord injuries, Parkinson’s disease, sickle cell anemia and multiple sclerosis while also luring leading scientists and research firms to the state.

But the measure was opposed by anti-abortion activists, conservatives and the Roman Catholic Church because it would pay for research that destroys human embryos and would increase state debt.

“It’s a reinforcement of our values and a rebuke to the governor,” said Steve Lonegan, a conservative Republican who led opposition to the question. “The taxpayers are saying enough is enough.”

New Jersey voters had not defeated a statewide ballot question since 1990.

Senate President Richard J. Codey, a leading stem cell supporter, pinned the defeat on chronic state fiscal problems and mounting state debt.

“The taxpayers of New Jersey are not against stem cell research,” said Codey, D-Essex. “It’s clear. The message we’re getting is put your fiscal house in order and then do these things.”

Presumably, supporters of federal stem cell research believe that the federal government’s fiscal house is already in enviable condition. But voters, if asked to judge, might say otherwise.

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Glass Jaw

Posted in Economic at 9:25 pm by admin

That’s what Jonah Goldberg says the Clinton campaign appears to have, having looked at their reaction to the poor reviews Senator Clinton received in the wake of last week’s Democratic Presidential debate. Yuval Levin concurs. I was of the impression that the Clinton campaign would be a bigger league operation given that many of the people staffing the campaign have been around the block at the highest levels of politics and campaigning. They may regain their sea legs yet but for the moment, it would seem that my regard for their political skills was misplaced.

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Does Andrew Sullivan Read What He Links To?

Posted in Economic at 8:35 pm by admin

Check out this post. Sullivan links to a story discussing how the Republicans in the House sought to force the Democrats to debate Dennis Kucinich’s resolution calling for the impeachment of Vice President Cheney. As the story makes perfectly clear, the Republicans were doing this to embarrass the Democrats, not because they believed Cheney ought to be impeached. Sullivan, however, seems to think that Liberty is about to rise Lazarus-like from the grave because at last, “Congress is finally tackling the issue of the vice-president’s attack on the constitution.” If Sullivan actually bothered to read the story he linked to, he would find that the Democrats in the House were desperate to table the Kucinich resolution so that they wouldn’t have to consider it and the Republicans were gleeful at the prospect of using it to sidetrack the Democrats and make them look like they were obsessed with Cheney. Hardly “tackling the issue of the vice-president’s attack on the constitution” and more like a smart parliamentary maneuver that caught the Democrats napping procedurally.

And then there is this. Evidently, by protecting pork barrel water projects, Madisonian democracy is being preserved against the ravages of the neocons. I wonder if Sullivan is on autopilot when he blogs or whether he just thinks that none of his readers are energetic enough to do what he ought to have done in the first place and closely peruse the posts and stories he tries to make public.

Originaly from Source

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