Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts

Tuesday, 17 July 2012

Guar: The Little Bean That Could

Of all the national policy issues that campus activists continually rallied around during my four years of college, hydrofracking was probably the most incendiary. Perhaps it was because I went to school in central New York...home to layers upon layers of precious, precious shale oil. Oil best obtained by hydrofracking, of course, although there's a slew of water pollution and environmental degradation issues that come with the territory. You can see some of the strong reactions against fracking in the video below, which I helped produce:


I really liked the activists in the videos above. They were chill. But that doesn't mean I'm about to leap behind every "bleeding-heart smellfare" program -- or "save the environment" mumbo jumbo -- they support.

Thus, I'd be interested to see how some Wavy Gravy's react to this recent New York Times' article, which extols the financial benefits of guar bean production for poor northwest Indian farmers. Yeah, guar beans...which are a crucial ingredient in HYDROFRACKING!

Indeed, this lil' guy's price has skyrocketed in the past few months because of energy companies' increasing demand -- and the fact that the bean is in limited supply and only grows in particularly arid, desert-like climates.

And these farmers are making a killing on guar. Says one Sohan Singh, "Now...we have a house made of stone."

iT'S your choice, activists! Save the Indian farmers or save the environment! You can't have both!

But on the real....this is a tricky economic policy issue (not to mention environmental...and social...), and showcases how important it is to have export diversity in an economy. In the guar-producing parts of Rajasthan, the economy depends primarily on agriculture -- a relatively fickle business, especially when the farmers there are not exactly using high-technology, high-yield techniques. It's like relying on the Rain Gods to supply your salary every year.

That doesn't mean I'm not rooting for them; go 'head, Mr. Singh! Milk them energy companies for all their worth!

Wednesday, 4 July 2012

Amurica! F*** Yeah!

Happy Independence Day, everyone! People at work today were giving me handshakes and backslaps in respect to the good ol' US of A. Even my comrades from Eastern Europe granted me the indulgence of slamming the table and shouting "America!" at lunch.  I also made a fool of myself when a Slovenian girl offered me cake, and I knowingly chuckled "Aaah, for Independence Day?" It was actually for her birthday.

But dammit, I won't apologize for my patriotism! Everyone shoot off some fireworks for me!

Indian Rupee at Seven-Week High; "The Amazing Spiderman" is Dubious; And Other News

This was a cray cray week; I saw "The Amazing Spiderman" in iMax 3D. That night was significant because it also marked my first time truly getting "caught" in an Indian monsoon. We were stuck for about an hour in a small Wadala back-alley market -- with no electricity -- as the streets got more and more flooded and the imposing Indian locals inched creepily close.

But perhaps even more important: the Indian rupee is rebounding! According to the Wall Street Journal, it reached a seven-week high against the U.S. dollar yesterday. Now if only if the dollar can sink below that 53.79 rupees mark, I can REALLY celebrate this Fourth of July!

Oh yeah, by the way, the Amazing Spiderman was WeakSauce Malloy. I'm pretty sure they just rummaged through Sam Raimi's office trashbin for the storyline. My good friend Hipster Spiderman would be ashamed.