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Page forty four attempt by the park service to manage the river in the general public interest. but in the long run the big outfitters are on the losing side. as should be apparent to everyone by now. we are approaching a new age of frugality in the national economy; motorized recreation in its many forms snowmobiles, trailbikes, dune buggies, off-road vehicles, motorboats, etc. ; must sooner or later be phased out of existence. the commercial river outfitters will be forced by economics, if not by the park service, to junk their outboard motors, dispose of their giant rafts, use smaller boats and-sharing the profits--employ more oarsmen. they'll learn to live with it. all concerned will be better off because of it--the big outfitter, whose business will be reduced to the family-size enterprise that it should be; the boatmen, who will find more jobs available; and last and not of least importance, the paying passengers, who will see the grand canyon as it should be seen, at a leisurely pace, in quietude, as members of small groups. private river runners versus commercial river runners; motors versus oars; these are two of the hairiest, prickliest issues that boatmen and outfitters, the government, the politicians, and the general public must somehow deal with. but bending the boat! why should emotions involved? the reader may ask; surely these things can be settled on the basis of common sense and equity, with the aid of an ordinary desk-top calculator. not so; these are questions of profitability, of money, in some cases of big money--and therefore, quite naturally and understandably, blood is stirred and passions rise. some people get very emotional about money. ; take the impossible question of fairness, for example. is it fair that the small outfitter should be forced out of business by the big outfitter? or fair that superior managerial ability should be penalized in some way so as to allow the small outfitter perhaps less hard-driving as an entrepreneur but a nicer guy, offering his customers a more enjoyable experience, who knows? ; to remain in business? is it fair that currently established outfitters be allowed, keep a virtual monopoly, through the government's permit - franchise system, of the use of what is supposed to be a public.
Catching crooks with chemistry--arranged by william maccrehan [national institute of standards and technology], presiding, and jose r. almirall [florida international university], la nouvelle orleans --detection of foodborne pathogens using biosensors--arranged by antje j. baeumner [cornell university], rooms 252-254 --instrumentation: the enabling science--arranged by gary m. hieftje [indiana university], presiding, rooms 280-282 --bioanalysis in cells and tissues--x. nancy xu [old dominion university], presiding, rooms 278-279 --bioanalytical: electrochemistry--ingrid fritsch [university of arkansas], rooms 272-273 --ionophore-based chemical sensors i--eric bakker [auburn university], presiding, room 260 --use of the electronic nose and chemometrics in food analysis--fu-mei c. lin [university of pittsburgh], presiding, rooms 240-241.
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Unocal! after inking deals to spend over 0 billion in iran for natural gas, $billions in venezuela for oil development, chile and peru for copper, and mexico for steel, china is now eyeing for unocal's oil. "no way jose, oil is a strategic asset", the general american public and congress shout. perhaps the press forgot to mention majority of unocal assets are in asia indonesia ; . so how did unocal acquire this strategic asset from indonesia, 3rd most populous country with 500 million people? it's the past you say? ok, then why does us keep pressing russia everyday to open russia's oilfields for bidding? let's step back from this "national asset talk". unocal, like any other listed companies, is a private property. the company belongs to shareholders. unocal is not the property of us. can the government stop you from selling your house to a chinese bidder? china was smart to choose unocal for the asian oil assets, but she was dumb to not privately negotiate the purchase of just unocal's asian oil assets. let me be blunt about the trend, for a company with global assets and sales, being incorporated in us vs another country is like registering your car in california vs new jersey. the car title belongs to you i.e. shareholders ; while state registration is a matter bureaucracy. of course if people can register their car anywhere, it becomes a problem for california us ; that charges 2 times more in registration fees tax ; than say new jersey flat tax in many parts of the world ; . let's expand on this. intel and umc : portland journals portland stories 2005 03 28 daily47 paul otellini, who will become intel's ceo in may, testified at a hearing of the president's advisory panel on federal tax reform on march 31 2005, saying that building a u.s. chip "fab" for manufacturing 300-millimeter wafers would cost intel billion more over the 10-year life of the fab than building its equivalent in asia or europe. that difference is due primarily to taxes, otellini told the president's tax panel. he compared the united states' corporate tax rate of 35 percent with other countries' incentives. israel has a 10 percent tax rate, and also offers a two-year tax holiday, as well as up to percent in grants for capital investment. malaysia has a 10-year tax holiday, and ireland's corporate tax rate is 12.5 percent. china offers a 5-year tax holiday. you wonder what's next for intel after it moves all the fabs out of us? check out the capital and technology infusion in china topic in the feb issue, i copied some parts here. taiwan's economy rests on high tech, and the jewels of taiwan are tsm taiwan semiconductor manufacturing ; and umc united mircoelectronics ; , the two world's largest contract microchip makers, each boasting market capitalization of over us billion. keep in mind taiwan is a mere 0 billion economy. : yahoo.reuters mtfh63485 2005-02-18 0757-51 tp242731 newsml.
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The ever-optimists in us want to believe that, for any given problem, the market, when left alone, will typically find a solution. the good news is that the birth of the platform company model, and the trend whereas western companies say "we take the profits, you can have the jobs" has been so recent, and yet so powerful at the same time, that most governments have not had a chance to react to it yet? ; . the market has been left free to do what it does best: adjust to new realities. assuming that we are right in our statement above that "the rich keep on getting richer". then it follows that whatever the rich buy should be going up in price much more rapidly than what poorer people buy for there will be more competition for the goods services that rich people buy ; . incidentally, this has been one of the longest running themes of gavekal research charles first started grumbling in 1999 that "it has never been so expensive to be rich"! ; . as anatole wrote last summer: "at its simplest, therefore, the disagreement over "true" inflation simply reflects people's tendency to focus on prices that are rising and forget about the ones that are going down. but the extent and persistence of the divergence between service and goods prices in the past decade also suggests a less obvious and more important story in three parts. the first part of this story relates to china's entry into the global economy. by becoming the workshop of the world, china has pushed down the prices of all mass-produced manufactured goods. the virtually limitless supply of cheap labour and capital in china, and the chronic mis-allocations of capital will ensure that manufactured goods continue to get cheaper, not only in britain but around the world. but the relentless downward pressure on manufactured prices from china has resulted in a second effect which is less widely understood, even among economists: cheap imports from china have actually pushed up the prices of many goods and services which the chinese cannot or do not produce - either because they lack the resources for example, oil ; or the legal infrastructure financial ser vices ; or simply because some things cannot be traded for example, housing, healthcare and education ; . people who see china purely as a source of downward pressure on prices forget that overall inflation in any economy is essentially determined by the availability of money. if monetary policy is successfully run as it is britain ; to produce an overall inflation rate of 2%, while the prices of manufactured goods are persis and poker texas. 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Despite the dearth of research into the impact of gambling, including electronic gaming machines, on economic activity, there has been no shortage of opinions offered on this issue. urban myth, supported at best by anecdotes and at worst by preconceived convictions, add little to our understanding. commenting on the american scene, goodman 1995, p.xi ; offered the following: huge portions of discretionary consumer dollars are being diverted into gambling, resulting in losses to restaurant and entertainment industries, movie theatres, sports events, clothing and furniture stores, and other businesses. this assertion was repeated several times by goodman but at no time was this claim supported. similar claims have been made by retailers and their retail associations it would be fair to say that such views are widely held and reflect commonly held views but it is equally reasonable to seek out hard data to quantify such effects. at the local level in victoria, australia, there have been a number of media comments about the impact of gambling, particularly electronic gaming machines egms ; , by industry and corporate leaders associated with the retail industry. reports have linked gambling to the downgrading of the valuation of regional shopping centres, a marked decline in retail trade and the closing down of retail businesses. to shed some light on this issue it was decided to examine the economic impact of egms on retail trade in the state of victoria. with a history of four years of egms, it was felt that such a study was possible and timely. it was decided to examine this impact, not only on victorian retail trade overall, but also on the seven retail industry groups defined under the australian and new zealand standard industry classification anzsic ; . the study was then widened to examine the 19 retail subgroups in order to better isolate and pinpoint these effects.
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