OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While?

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[Arraya]

http://www.guardian.co.uk/environment/2009/jul/01/exxon-mobil-climate-change-sceptics-funding
Records show ExxonMobil gave hundreds of thousands of pounds to lobby groups that have published ‘misleading and inaccurate information’ about climate change

[Arraya]

http://www.guardian.co.uk/environment/2009/jul/01/exxon-mobil-climate-change-sceptics-funding
Records show ExxonMobil gave hundreds of thousands of pounds to lobby groups that have published ‘misleading and inaccurate information’ about climate change

[Arraya]

http://www.guardian.co.uk/environment/2009/jul/01/exxon-mobil-climate-change-sceptics-funding
Records show ExxonMobil gave hundreds of thousands of pounds to lobby groups that have published ‘misleading and inaccurate information’ about climate change

[Arraya]

http://www.guardian.co.uk/environment/2009/jul/01/exxon-mobil-climate-change-sceptics-funding
Records show ExxonMobil gave hundreds of thousands of pounds to lobby groups that have published ‘misleading and inaccurate information’ about climate change

[Arraya]

http://www.guardian.co.uk/environment/2009/jul/01/exxon-mobil-climate-change-sceptics-funding
Records show ExxonMobil gave hundreds of thousands of pounds to lobby groups that have published ‘misleading and inaccurate information’ about climate change

[Veritas]

Another one bites the dust![img_assist|nid=13033|title=down in flames|desc=|link=node|align=left|width=72|height=123]

“The French government on Wednesday said it would abandon its plan to introduce a carbon tax on domestic energy and road fuels unless there was agreement for a European Union-wide levy. The U-turn on the controversial environmental tax come two days after the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. Senior UMP politicians have blamed the defeat in part on the proposed tax, which was due to come into effect on July.”

http://www.ft.com/cms/s/0/1b000010-3686-11df-8151-00144feabdc0.html

[Veritas]

Another one bites the dust![img_assist|nid=13033|title=down in flames|desc=|link=node|align=left|width=72|height=123]

“The French government on Wednesday said it would abandon its plan to introduce a carbon tax on domestic energy and road fuels unless there was agreement for a European Union-wide levy. The U-turn on the controversial environmental tax come two days after the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. Senior UMP politicians have blamed the defeat in part on the proposed tax, which was due to come into effect on July.”

http://www.ft.com/cms/s/0/1b000010-3686-11df-8151-00144feabdc0.html

[Veritas]

Another one bites the dust![img_assist|nid=13033|title=down in flames|desc=|link=node|align=left|width=72|height=123]

“The French government on Wednesday said it would abandon its plan to introduce a carbon tax on domestic energy and road fuels unless there was agreement for a European Union-wide levy. The U-turn on the controversial environmental tax come two days after the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. Senior UMP politicians have blamed the defeat in part on the proposed tax, which was due to come into effect on July.”

http://www.ft.com/cms/s/0/1b000010-3686-11df-8151-00144feabdc0.html

[Veritas]

Another one bites the dust![img_assist|nid=13033|title=down in flames|desc=|link=node|align=left|width=72|height=123]

“The French government on Wednesday said it would abandon its plan to introduce a carbon tax on domestic energy and road fuels unless there was agreement for a European Union-wide levy. The U-turn on the controversial environmental tax come two days after the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. Senior UMP politicians have blamed the defeat in part on the proposed tax, which was due to come into effect on July.”

http://www.ft.com/cms/s/0/1b000010-3686-11df-8151-00144feabdc0.html

[Veritas]

Another one bites the dust![img_assist|nid=13033|title=down in flames|desc=|link=node|align=left|width=72|height=123]

“The French government on Wednesday said it would abandon its plan to introduce a carbon tax on domestic energy and road fuels unless there was agreement for a European Union-wide levy. The U-turn on the controversial environmental tax come two days after the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. Senior UMP politicians have blamed the defeat in part on the proposed tax, which was due to come into effect on July.”

http://www.ft.com/cms/s/0/1b000010-3686-11df-8151-00144feabdc0.html

[briansd1]

[quote=Veritas] the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. [/quote]

Sarkozy is part of the right wing (the counterpart to the Republican party here). That means that France is moving to the left because the French are feeling worried about the continuing recession.

Sarkozy’s party suffered not because of the proposed carbon tax, but because of worries about him moving France to an American style economy.

That’s an ongoing balancing act in France. During booming times, France is willing to turn more towards capitalism to try to enjoy some of the growth. But during recessions, the French want a stronger safety net.

Sarkozy’s economic minister Christine Lagarde was Chairman of Baker & McKenzie. She’s a great friend of the United States and lived here for many years before returning to France to enter politics. She’s like a French Carly Fiorina, but prettier, but not by much, and definitely more cultured.

[briansd1]

[quote=Veritas] the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. [/quote]

Sarkozy is part of the right wing (the counterpart to the Republican party here). That means that France is moving to the left because the French are feeling worried about the continuing recession.

Sarkozy’s party suffered not because of the proposed carbon tax, but because of worries about him moving France to an American style economy.

That’s an ongoing balancing act in France. During booming times, France is willing to turn more towards capitalism to try to enjoy some of the growth. But during recessions, the French want a stronger safety net.

Sarkozy’s economic minister Christine Lagarde was Chairman of Baker & McKenzie. She’s a great friend of the United States and lived here for many years before returning to France to enter politics. She’s like a French Carly Fiorina, but prettier, but not by much, and definitely more cultured.

[briansd1]

[quote=Veritas] the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. [/quote]

Sarkozy is part of the right wing (the counterpart to the Republican party here). That means that France is moving to the left because the French are feeling worried about the continuing recession.

Sarkozy’s party suffered not because of the proposed carbon tax, but because of worries about him moving France to an American style economy.

That’s an ongoing balancing act in France. During booming times, France is willing to turn more towards capitalism to try to enjoy some of the growth. But during recessions, the French want a stronger safety net.

Sarkozy’s economic minister Christine Lagarde was Chairman of Baker & McKenzie. She’s a great friend of the United States and lived here for many years before returning to France to enter politics. She’s like a French Carly Fiorina, but prettier, but not by much, and definitely more cultured.

[briansd1]

[quote=Veritas] the governing UMP party of President Nicolas Sarkozy suffered a heavy defeat in regional elections. [/quote]

Sarkozy is part of the right wing (the counterpart to the Republican party here). That means that France is moving to the left because the French are feeling worried about the continuing recession.

Sarkozy’s party suffered not because of the proposed carbon tax, but because of worries about him moving France to an American style economy.

That’s an ongoing balancing act in France. During booming times, France is willing to turn more towards capitalism to try to enjoy some of the growth. But during recessions, the French want a stronger safety net.

Sarkozy’s economic minister Christine Lagarde was Chairman of Baker & McKenzie. She’s a great friend of the United States and lived here for many years before returning to France to enter politics. She’s like a French Carly Fiorina, but prettier, but not by much, and definitely more cultured.

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