1. Claim: 119,000 jobs would be created and $7 billion will be spent of the Pipe line.
Fact: A total of 2,500-4,650 temporary jobs would created. But most of those jobs are in Canada. Only 500 to 1,400 local Temporary jobs would be created in the US:
M>South Dakota = 333
Nebraska = 248
Kansas = 18
Oklahoma = 113
Texas = 470
2. Claim: 20,000 jobs will created in manufacturing.
Fact: All the steel manufactured for the pipeline will be [...]
“Robert Mendelsohn, an economics professor at Yale University, says the benefits of global warming for Canada – from a longer growing season to the opening up of shipping through the Northwest Passage – will outweigh the negative effects.
“You’re lucky because you’re a northern-latitude country, Mendelsohn says. “If you add it all up, it’s a good thing for Canada.”
Economist Thomas Gale Moore, a senior fellow at the Hoover Institute says [...]
EU Diplomatic Source Says Worst Case Scenario Would Consume Entire EFSF, Haircut of “At Least 50%” Coming or IMF will Not Proceed
The latest rumor is the EU and IMF are demanding 50% haircuts or they will not proceed. Bear in mind, they released the latest tranche of aid to Greece today even though Greece missed all required targets.
Instead of talking about a Greek recovery in 2012-1013 the [...]