Tuesday, June 15, 2004
Steel Industry Commits To Lower CO2
Steel Industry Commits To Lower CO2
The steel industry has reduced greenhouse gas emissions by 17% since 1990 and has committed to reducing them by an additional 10% by 2012. According to the American Iron and Steel Institute (AISI), a Washington, D.C.-based lobbying group, energy efficiency improvements have led to and will continue to lead to the reductions in CO2. AISI is proposing a partnership with the Department of Energy (DOE) to achieve the new reduction goal.
The steel industry has reduced greenhouse gas emissions by 17% since 1990 and has committed to reducing them by an additional 10% by 2012. According to the American Iron and Steel Institute (AISI), a Washington, D.C.-based lobbying group, energy efficiency improvements have led to and will continue to lead to the reductions in CO2. AISI is proposing a partnership with the Department of Energy (DOE) to achieve the new reduction goal.
Saturday, June 12, 2004
Petroleum Produces Import Price Surge
Petroleum Produces Import Price Surge
Led by a 10.3% increase in petroleum prices, the largest monthly rise since February 2003, the U.S. Labor Department's Import Price Index advanced 1.6% in May, about twice the level generally expected. May's was the eighth consecutive monthly increase in the index. From May 2003 through May 2004, U.S. petroleum import prices increased 43.9%, while prices for non-petroleum imports rose only 3%.
Led by a 10.3% increase in petroleum prices, the largest monthly rise since February 2003, the U.S. Labor Department's Import Price Index advanced 1.6% in May, about twice the level generally expected. May's was the eighth consecutive monthly increase in the index. From May 2003 through May 2004, U.S. petroleum import prices increased 43.9%, while prices for non-petroleum imports rose only 3%.
Wednesday, June 09, 2004
Greenspan Hints At Speedier Rate Hikes
Greenspan Hints At Speedier Rate Hikes
U.S. Federal Reserve Chairman Alan Greenspan hinted June 8 that U.S. interest rates might rise more sharply than had been thought, a move that could dampen growth in the United States at a time when momentum in Europe is flagging in the face of higher oil prices. Greenspan's warning, delivered by satellite to a London panel of central bankers, came as leaders from the Group of Eight industrialized powers gathered in the United States to discuss world affairs and the potential damage to economic recovery if energy costs do not come down.
The Fed chairman described a recent spike in oil rates as "a worrisome element" that could prove to be a drag on growth while serving to exacerbate overall inflation.
U.S. Federal Reserve Chairman Alan Greenspan hinted June 8 that U.S. interest rates might rise more sharply than had been thought, a move that could dampen growth in the United States at a time when momentum in Europe is flagging in the face of higher oil prices. Greenspan's warning, delivered by satellite to a London panel of central bankers, came as leaders from the Group of Eight industrialized powers gathered in the United States to discuss world affairs and the potential damage to economic recovery if energy costs do not come down.
The Fed chairman described a recent spike in oil rates as "a worrisome element" that could prove to be a drag on growth while serving to exacerbate overall inflation.
Friday, June 04, 2004
Private Rocket Will Try and Reach Space
Yahoo! News - Private Rocket Will Try and Reach Space
A privately developed manned rocket will attempt to reach space this month, its builders said Wednesday. It would be the first non-governmental flight to leave Earth's atmosphere. SpaceShipOne, created by aviation designer Burt Rutan and funded by billionaire Paul Allen, will attempt to reach an altitude of 62 miles on a suborbital flight over the Mojave Desert on June 21.
A privately developed manned rocket will attempt to reach space this month, its builders said Wednesday. It would be the first non-governmental flight to leave Earth's atmosphere. SpaceShipOne, created by aviation designer Burt Rutan and funded by billionaire Paul Allen, will attempt to reach an altitude of 62 miles on a suborbital flight over the Mojave Desert on June 21.
Thursday, June 03, 2004
U.S., Central Asian Nations Ink Trade Pact
INDUSTRYWEEK: LEADERSHIP IN MANUFACTURING -- Global Outlook
Although far less ambitious than the series of free-trade agreements the U.S. has recently reached with a number of nations, a new pact between the U.S. and five central Asian nations -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- promises to provide a forum for discussing intellectual property, labor and environmental issues. The six countries signed a Trade and Investment Framework Agreement (TIFA) in Washington, D.C., on June 1.
Although far less ambitious than the series of free-trade agreements the U.S. has recently reached with a number of nations, a new pact between the U.S. and five central Asian nations -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- promises to provide a forum for discussing intellectual property, labor and environmental issues. The six countries signed a Trade and Investment Framework Agreement (TIFA) in Washington, D.C., on June 1.
