Thursday, February 18, 2010

Recovery? What recovery? Part 2

Corus to start Teesside plant closure Friday

Steelmaker Corus will begin the partial mothball of a plant on Teesside on Friday, a move that may signal the beginning of the end for steelmaking in the traditional industrial town.

Posted by mr g @ 12:18 PM (781 views)
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4 thoughts on “Recovery? What recovery? Part 2

  • Good gracious. The “patriotic” webmasters deleted my response to this, that our government spent £90million of tax money from “our” government, via carbon credits to TATA to pay them to ship these jobs over to India. We now pay foreigners to take our jobs. This is global socialism. All to save the planet even tho Indian industrial environmental standards are lower than ours, so it is all nonsense.

    http://www.dailymail.co.uk/news/article-1235200/Steel-firm-Corus-90m-pollution-payoff-closing-plant-axing-1-700-jobs.html

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  • To fully understand the implications of taxing consumers and profitable businesses to pay for wind turbines, or anything else, read this, from Bloomberg:

    Job Losses From Obama Green Stimulus Foreseen in Spanish Study

    $774,000 cost for each Spanish “green job” created since 2000

    For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid.

    The premiums paid for solar, biomass, wave and wind power – – which are charged to consumers in their bills — translated into a $774,000 cost for each Spanish “green job” created since 2000, said Gabriel Calzada, an economics professor at the university and author of the report.

    “The loss of jobs could be greater if you account for the amount of lost industry that moves out of the country due to higher energy prices,” he said in an interview.

    $774,000 cost for each Spanish “green job” created since 2000

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  • Green revolution my £$%@

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