China hawks risk accelerating the outcomes they are trying to avoid

first_imgIndeed, this may already be underway, and could well explain China’s recent power grab in Hong Kong and provocations at the Indian border. A world in which China no longer sees any reason to play by the rules of the existing global order, even if only on a superficial level, is undoubtedly a more dangerous one. China hawks risk accelerating the outcomes they are trying to avoid Get City A.M. columnists’ views delivered straight to your inbox in our daily Midday Update newsletter. And before we in the UK begin to congratulate ourselves yet again for the questionable achievement of being better than Trump’s America, we would do well to look closer to home. Prior to the crisis, the UK had been treading a fine but sensible line with its China strategy, attempting to balance legitimate security and economic concerns with the need to engage with a rising global power. Share In response to this pressure, Boris Johnson’s government appears to be abandoning its balanced approach to China. It is backtracking on plans to permit Huawei’s involvement in non-sensitive areas of the UK’s 5G infrastructure — a compromise endorsed by the intelligence services — and is reportedly beefing up imminent legislation on foreign (read: Chinese) investment screening to cover academic and research partnerships.  Attempts to cripple the Chinese tech sector by banning exports of US technology to its leading businesses, particularly Huawei and ZTE, have also failed to achieve their ends. Instead they have shut American companies out of a lucrative expanding market while turbocharging China’s investment in its own domestic capabilities. Plans to ban or limit Chinese listings on US exchanges are likely to have similar consequences.   The origins of the virus in Wuhan, coupled with suspicions that the Chinese government suppressed awareness of the initial outbreak, have emboldened sino-sceptics and heightened fears of growing Chinese influence.  Such sweeping hostility risks harming the UK’s economic interests, particularly as it leaves the EU Single Market, without bringing about meaningful change in China’s behaviour either at home or abroad. There is an additional, and frequently overlooked, reason why a confrontational approach to China is likely to be counterproductive. This is the very realistic possibility that deepening western hostility will empower hardliners within the Chinese government and Communist Party in their struggle for pre-eminence over their more dovish counterparts. whatsapp The Covid-19 pandemic is leading to a clear hardening of western attitudes towards China.  There is a very realistic possibility that deepening western hostility will empower hardliners within the Chinese government (AFP via Getty Images) Opinion America’s abandonment of the international institutions it helped create is another open goal for China — and one with global repercussions. By storming out of the Paris Climate Agreement and World Health Organisation and effectively paralysing the World Trade Organisation, the US is burning bridges with its traditional allies while simultaneously handing illiberal China the reins of the global world order. The purpose of this article is not to defend the policies of the Chinese state, nor to justify the many reprehensible acts it is responsible for. From the mass incarceration of the Uighur Muslim minority and the abduction and torture of political critics, to the indiscriminate surveillance of its citizens and violation of Hong Kong’s autonomy, there is much to criticise and condemn China for.  US tariffs on tens of billions of dollars worth of Chinese goods, along with the retaliatory duties levied by China, have done little to slow the latter’s rise while doing serious harm to American businesses. The New York Federal Reserve recently estimated that the trade war has already wiped $1.7 trillion off American companies’ combined market value since 2018. Yet blanket hostility risks accelerating the emergence of the aggressive and dominant China that the hawks are so intent on preventing. Main image credit: Getty US policy towards China under President Donald Trump is a perfect illustration of the counterproductivity of an overly confrontational stance. This will not satisfy those thirsting for a more bellicose approach. But it may well be the least bad option we have.   What is the alternative? The fact of the matter is that the west’s ability to significantly alter China’s behaviour, let alone stem its rise, is limited. Tariffs on Chinese goods or restrictions on Beijing’s access to western technology will neither meaningfully change its economic trajectory nor bring about a flowering of democracy and civil liberties. This does not mean that defeatism is the answer. The west can and should continue to treat China as an important economic and diplomatic partner while not hesitating to call it out for playing unfairly. Proportionate retaliation, targeted at specific abuses, should be prioritised over sweeping and heavy-handed measures.  whatsapp There is a very realistic possibility that deepening western hostility will empower hardliners within the Chinese government (AFP via Getty Images) Also Read: China hawks risk accelerating the outcomes they are trying to avoid There is a very realistic possibility that deepening western hostility will empower hardliners within the Chinese government (AFP via Getty Images) Also Read: China hawks risk accelerating the outcomes they are trying to avoid by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USA Rather, it is a critique of the west’s overall strategy for handling China.  Show Comments ▼ City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Now Covid-19 has thrown all that to the wind. Fair and important criticism of China’s handling of the pandemic has rapidly degenerated into an anti-Beijing free-for-all, culminating in the establishment of the China Research Group (CRG) — a new parliamentary formation deliberately modelled on the ERG group of Brexit hardliners. Max von ThunMax von Thun is a political consultant and commentator Thursday 18 June 2020 4:30 am More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comlast_img read more

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Credit Suisse pays out another $1.7bn of fund assets linked to Greensill

first_imgTuesday 13 April 2021 10:17 am The Swiss bank has been mired in controversy in recent weeks due to its exposure to the collapse of Greensill and then Archegos Capital Management. Last month Credit Suisse suspended a $10bn suite of Greensill-backed funds before the firm filed for insolvency.  Also Read: Credit Suisse pays out another $1.7bn of fund assets linked to Greensill whatsapp whatsapp It takes the total distribution to $4.8bn so far, the bank said, following an earlier payout of $3.1bn.  Credit Suisse is set to pay out another $1.7bn of funds linked to the now collapsed Greensill Capital.  Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Credit Suisse pays out another $1.7bn of fund assets linked to Greensill center_img Angharad Carrick The bank said it was in “active dialogue” with Greensill’s administrators and intends to provide a further update at the end of the month.  The collapse of Greensill Capital has now become a headache for former PM David Cameron. Boris Johnson yesterday announced an independent review into the way Cameron lobbied health secretary Matt Hancock and chancellor Rishi Sunak on behalf of Greensill.  “We remain acutely aware of the uncertainty that the wind-down process creates for those of our clients who are invested in the funds,” Credit Suisse said. “We are doing everything that we can to provide them with clarity, to work through issues as they arise and, ultimately, to return cash to them.”  Show Comments ▼ Also Read: Credit Suisse pays out another $1.7bn of fund assets linked to Greensill Today the bank said it had collected $2bn from receivables redeemable since the suspension on 1 March. This, along with the cash position in the supply chain finance funds and the earlier payout comes to $5.4bn. This is equivalent to more than half of the total assets under management when the funds were suspended. last_img read more

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Brexit News / UK SMEs now have time to get ‘a system’ to prepare properly for customs changes

first_img UK supply chains must use the delay of post-Brexit customs changes to implement new systems, or face going to the wallManagement consultant Neil McEvoy told The Loadstar the 40% “drop off a cliff” in UK exports to the EU in January proved that many businesses “just weren’t properly prepared” for the UK departure from the single market.“Some companies did not miss a heartbeat in prepping for Brexit, and this isn’t to say that those caught short by the deal failed,” said Mr McEvoy.“Dissecting the deal shows there is a lot of red tape, so it is not so simple to say ‘businesses failed’, but it is equally untrue to say ‘government failed’, because the successes show it has been possible to prepare, and that some of those that did not wasted time complaining.“Whatever happened, looking forward there needs to be acceptance this is simply something businesses have to do now.”In March, UK cabinet minister Michael Gove announced the UK would delay roll-out of the second and third phases of new border procedures after fears that the original implementation risked a collapse of the country’s supply chains.As a result, control procedures, due to come into effect in July, will now happen on 1 January 2022, along with the deferred declaration scheme.Furthermore, pre-notification requirements for products of animal origin (POAOs), certain animal by-products (APBs) and high-risk food not of animal origin, as well as export health certificates for POAOs and some ABPs will be implemented in October, rather than this month.Mr McEvoy said: “Businesses need systems in place that provide scheduling and planning tools, in order to ensure every shipment is compliant when sent to the EU.“SMEs are bearing the brunt, but for £50,000-£60,000, they can get a system that takes all the pain away  – especially with governments pumping loans into businesses.“If SMEs get their selling systems ready for May they will survive, because Europe offers ‘low-hanging fruit’, with lots of people looking to spend. There will be many businesses that don’t and they will go to the wall. For those that get it right, the market is huge.”He added that some companies might need to  get “a project team” to guide them, which would be, in his opinion, a “sound investment”.“For those that want to survive and thrive, the voice of the customer is what is essential, so greater effort needs to be taken to truly understand what it is that they are looking for – that customers only want ‘next-day’ is a misnomer,” he said.“What they want is visibility; they want to know where their product is and they want to know they won’t be stung with additional costs on delivery.“Get yourself a good partner, because if you pay cheap, you’ll end up paying twice.” By Alex Whiteman, Brexit reporter 12/04/2021 © Kutsal Lengerlast_img read more

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Laois legal firms announce exciting merger

first_img Twitter TAGSDeborah HollandEugene O’ConnorRichard McElweeRollestons McElwee Solicitors WhatsApp 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin RELATED ARTICLESMORE FROM AUTHOR Pinterest Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest GAA By LaoisToday Reporter – 31st October 2019 Previous articleLaois hit by overnight crime spree as host of businesses, schools and homes hitNext articleIn Pictures: Laois TASTE Month a huge success to date LaoisToday Reporter Home Sponsored Laois legal firms announce exciting merger Sponsored Facebook Facebook Eugene O’Connor of Rollestons Solicitors and James McElwee of McElwee Solicitors are delighted to announce the merging of their respective firms starting from the 1st November next.Rolleston McElwee Solicitors will be situated at 4 Wesley Terrace, Portlaoise, Co Laois where Rollestons Solicitors has been based, with a sub-office being maintained at McElwee Solicitors office at O’Connell Square, Mountmellick, Co Laois.All services will continue as normal for all our clients.Established in 1899 and 2011 respectively, Rollestons Solicitors and McElwee Solicitors’ client base includes companies, owner-managed businesses, farmers, banks, as well as private clients.Rolleston McElwee Solicitors promises to be a dynamic, client-focused, forward-thinking firm concentrating on such areas as commercial and company law, property sales and purchases, litigation, landlord and tenant law, wills and administration of estates (probate), tax, liquor licensing, intellectual property, personal injuries, litigation and agricultural/farming law.Making the announcement, Rolleston McElwee Solicitor’s managing partner Eugene O’Connor said, “This merger represents further strategic growth for the firm and will allow us support our clients with additional expertise and experience and enable us to expand into new areas of legal practice whilst also concentrating on our core values, most important of which is a commitment to providing high quality and commercially focused advice to our clients”.Eugene O’Connor undoubtedly brings the wealth of knowledge and expertise of Rollestons Solicitors from many years of experience in private practice, together with his knowledge in the area of tax.James McElwee is a Notary Public who also has a Diploma in Commercial Property and is a registered Irish and EU Trademark Agent.Deborah Holland, senior solicitor within the firm, is a member of the Society of Trust and Estate Practitioners Ireland, with expertise in the area of trusts and estates and the administration of wills and estates of loved ones who have passed.Together as a merged firm, Rolleston McElwee Solicitors have achieved the Q6000 standard, which is an advanced practice, risk and quality management standard awarded to solicitors’ firms which have demonstrated exceptional levels of client practice and risk management.Rolleston McElwee Solicitors will operate a comprehensive range of expert legal services including property, wills and probate, litigation, personal injury, agricultural licensing and commercial law services.Together, Eugene O’Connor, James McElwee and Deborah Holland will play a leading role in driving Rolleston McElwee Solicitors forward in an era of uncertainty to best advise and assist clients in all legal and business matters.We hope to be able to do business with you in the very near future.SEE ALSO – Check out the dedicated jobs section on LaoisToday WhatsApp GAA Here are all of Wednesday’s Laois GAA results GAA Laois legal firms announce exciting merger Twitterlast_img read more

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Laois U-20s to ‘throw kitchen sink’ at Galway in tonight’s Leinster clash

first_img Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Laois U-20s to ‘throw kitchen sink’ at Galway in tonight’s Leinster clash Electric Picnic organisers release statement following confirmation of new festival date Facebook RELATED ARTICLESMORE FROM AUTHOR Pinterest By Alan Hartnett – 11th December 2020 WhatsApp Previous articleLaois GAA PRO issues warning over ‘bogus streaming sites’ as matches returnNext articleSchool staff deserve huge appreciation as today marks Go raibh math agaibh (GRMA) day Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Electric Picnic Electric Picnic apply to Laois County Council for new date for this year’s festival WhatsApp Pinterest Enda Lyons Laois U-20 manager Laois U-20 manager Enda Lyons says his side plan to ‘throw the kitchen sink’ at Galway in tonight’s Leinster championship quarter final.Laois, who got the better of Carlow six weeks ago, face the Tribesmen in MW Hire O’Moore Park at 7.30pm tonight.And they will be under no illusions as to what is ahead of them as this Galway team come here with serious pedigree.They have won the last three minor All-Ireland titles in a row and since they were permitted entry to the Leinster U-20 championship in 2018, they won one of their two attempts in the province.But speaking before the game, manager Lyons says his side are well aware of how good this Galway team but that they intend to throw the kitchen sink at them.He said: “Well what I do know is they have, obviously they have 3 years backed up on top of each of other of which two of them are All Ireland winning minor teams, that’s what we do know.“So they can hurl. And when the opposition is like that, you are probably better off focusing on yourself because it’s the only sensible thing to do. So that’s what we have done.“So they are going to come with a good hurling team and good luck to them. So we just want to throw the kitchen sink at them Friday night and see where it takes us.”This Laois team played in one of the last underage championship games before action was called to a halt back in October as the country entered Level 5.And manager Lyons explained what his side has done since then.He said: “We gave the boys their hurling, running and S&C programmes. And the only thing we could say to them was, that when they came back we would do a fitness test as soon as we came back.“And the plan was to organise a game. So I was onto Offaly and they said that that would suit them down to the ground.“But obviously when we were allowed back we were told that there was to be no challenge games.“So what we did was, we trained on the Tuesday, and we told the boys we would go on the Friday and then we would have a 15 on 15 on Sunday and we would pick the team based on the 15 on 15.“And that’s what we have done. So the lads played, blues against whites at the weekend, tore into each other in fairness, a good game.“And we picked the team based on what we saw that day, which is all we can do. So that’s what we did.”After missing the Carlow win due to Covid, Rosenallis’ John Maher and Clonad’s Fionn Holland are available – but the game has come too soon for Allan Connolly and Conor Delaney.Lyons said: “We have just got the two injuries. So unfortunately Conor Delaney pulled up with a hamstring and Allan Connolly hasn’t recovered quick enough.“He’s actually on the mend, he’s not a million miles away, but he’s probably still a month too early. So listen we have to be responsible to Allan and his club (Ballyfin).“He has a senior football semi final down the road. And he is part of the Laois senior hurling panel. So he’s a great kid, but the timing is wrong on this one.“Other than that presently we have no Covid incidents or close cases. So we are assuming that we are ok, but that can change because that can change within 24 hours.“So at the moment we have two injuries but everybody else is injury free and Covid free as we speak at this moment in time.”Laois face Galway tonight and you can follow the game on our Live Blog or you can watch it on the TG4 YouTube page.SEE ALSO – Laois primary school announce closure until after Christmas due to Covid-19 cases Facebook TAGSEnda LyonsLaois U-20 hurlersLaois v Galway Home Sport GAA Laois U-20s to ‘throw kitchen sink’ at Galway in tonight’s Leinster clash SportGAAHurlingLaois U-21 hurlers Twitter Electric Picnic Twitter Electric Picnic last_img read more

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Sun Life boosts its U.S. business with closing of Assurant deal

first_img The transaction carries a price tag of approximately US$940 million involving a combination of reinsurance agreements, asset transfers and the direct purchase of certain businesses. It is being financed by a combination of cash and subordinated debt. “This acquisition shows our commitment to being a leader in the U.S. group benefits business, adding greater breadth, capabilities and talent in one of our strategic pillars for growth,” adds Dean Connor, Sun Life’s president and CEO, in a statement. “It is also another example of disciplined capital deployment in support of our medium-term financial objectives.” Excluding transaction and integration costs, the acquisition is expected to be immediately accretive to Sun Life, adding an estimated 8¢ a share to earnings and 30 basis points to its return on equity on an annualized basis for 2016. Sun Life says that the two organizations are working to bring the businesses together under the Sun Life brand over the coming months. “We’re now poised to offer one of the broadest arrays of employee benefits to U.S. employers of all sizes,” says Dan Fishbein, president of Sun Life Financial U.S., in the statement. “We have received an enthusiastic response across the board about the value our combined business will deliver.” Keywords Mergers and acquisitions Toronto-based Sun Life Financial Inc. has expanded its U.S. group benefits business dramatically with the announcement on Tuesday that it has closed the almost US$1-billion acquisition of New York-based Assurant Inc.’s U.S. employee benefits business. The deal boosts Sun Life’s U.S. business and positions the firm as the sixth-largest group benefits business in the U.S. The acquisition, which was announced in September 2015, received regulatory approval late last month. James Langton Share this article and your comments with peers on social media Desjardins buys Montreal boutique firm Hexavest Cidel Asset Management to acquire fixed income manager CI acquires US$5.1B San Diego-based RIA Related news Facebook LinkedIn Twitterlast_img read more

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Statement on U.K. authorization of AstraZeneca’s COVID-19 vaccine

first_imgStatement on U.K. authorization of AstraZeneca’s COVID-19 vaccine From: Health CanadaHealth Canada is aware that the United Kingdom’s Medicines and Healthcare products Regulatory Agency (MHRA) has issued an authorization for a COVID-19 vaccine manufactured by AstraZeneca.December 30, 2020Ottawa, ONHealth CanadaHealth Canada is aware that the United Kingdom’s Medicines and Healthcare products Regulatory Agency (MHRA) has issued an authorization for a COVID-19 vaccine manufactured by AstraZeneca.Health Canada has been reviewing AstraZeneca’s vaccine since it was submitted on October 1, 2020, and is expediting the review of COVID-19 vaccines. This is being done through rolling submissions, where data is being reviewed as it becomes available from the manufacturer. Rolling submissions allow for shorter review times without compromising safety, efficacy and quality, as part of the Interim Order Respecting the Importation, Sale and Advertising of Drugs for Use in Relation to COVID-19, which was signed on September 16, 2020.There is still information and data to be provided by AstraZeneca for review. Health Canada cannot provide a definite timeline for the completion of the review at this time.The Department is working closely with international regulators, including the U.K. MHRA, to share information and data on vaccines currently under review.Health Canada is working hard to give Canadians access to COVID-19 vaccines as quickly as possible without compromising its safety, efficacy and quality standards. Protecting the health and safety of Canadians is a top priority.On December 9, Health Canada authorized the Pfizer-BioNTech COVID-19 vaccine. Health Canada subsequently authorized a second COVID-19 vaccine, on December 23, manufactured by Moderna. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Canada, coronavirus, covid-19, Government, health, health and safety, healthcare, quality, Safety, sale, United Kingdom, vaccine, Vaccineslast_img read more

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These underappreciated GMs deserve way more respect

first_imgCreated with Raphaël 2.1.2Created with Raphaël 2.1.2 John Rollman’s 1979 Chevrolet Monza Spyder Trending Videos In pictures: the GM Nationals is a Detroit car fan’s heavenSteve Pishock’s car also isn’t what it looks like at first sight—in appears to be a Ferrari 308, but under the skin it’s pure Pontiac.The MERA was a fibreglass re-body of the 1987 and 1988 Fiero built by Michigan’s Corporate Concepts and available through Pontiac dealers new, though it was never officially endorsed by GM.The company managed to get about 246 through the door over the course of a year before Ferrari caught on and sued for copyright infringement.“I was a kit car guy from way back,” says Pishock, referring to the shipped-in-a-crate some-assembly-required cars popular in the ’70s and ’80s. “I used to build the kits from Fiberfab, the ‘nightmare in a box’—Avengers, Valkyries, a few Kelmarks.”When he saw the MERA for sale in the parking lot of the parts store he worked at, he snapped it up. Now he loves taking it to shows where kids swarm to sit inside it like they would a real Ferrari, even if their parents might give it the side-eye.Created with Raphaël 2.1.2Created with Raphaël 2.1.2Steve Pishock’s 1986 Pontiac Fiero-based MERA Ferrari replica We rolled past the gates of the GM Nationals in an underappreciated classic – my brother’s 1972 Buick Electra 225, the only full-sized classic Buick at the show in June – and left it across from a 1979 Oldsmobile Cutlass.To the untrained eye, the black two-door was just another formal-roof Malaise-era coupe, but the black-and-gold paint and “W-30” stickers identified this one as a Hurst model, one of just 2,499 built, and – even less common – with a T-top roof.“My buddy has a white-gold one — other than that I’ve seen two in the four years I’ve owned it,” says Kevin Dietz. Like Rollman, Dietz’s obscure classic is a near-replica for his high school transportation. He’s just the third owner of this Long Island, New York-sourced example, which he freshened up to like-new condition.“The ’83s and ’84s, they get all the attention as far as the G-bodies go,” Dietz says, referencing the later Hurst/Olds Cutlasses, which had smaller 307 V8s and stickers instead of real badges. “These ’79s don’t get any attention, and it kind of ticks me off. I got a nicer-looking car.”Created with Raphaël 2.1.2Created with Raphaël 2.1.2Kevin Dietz’s 1979 Oldsmobile Cutlass Hurst/Olds W-30 Ryan Miles’ car blends into the background, too – not because of how it looks, but because it was one of dozens of first-gen Camaros at the Nats. The Camaro is a Chevrolet icon, second in status only to its flagship Corvette, but what makes Miles’ underappreciated is what’s under the hood – the original straight-six-cylinder engine.When the model launched in 1967, a 140-horsepower 230-cubic-inch six was the standard engine, but they were so often upgraded that just one in four Camaros made that year – about 58,800 of the 220,000 total – stuck with the six.Years down the road, hot rodders would snap up the less desirable six-cylinder cars – their prices are still about a third less than a similar V8 Camaro’s – and swap in a larger engine, driving the numbers of cars like Miles’ down even further. There was only one other six-cylinder Camaro at the Nats.Miles admits when he bought it a few years ago off of a little old lady in Harrisburg, Pennsylvania, not far from Carlisle, he, too, was temped to drop in a 350-cubic-inch V8, especially since a friend had one to offer him. On the other hand, Miles was just coming off of a 2012 Camaro, and the obscurity of the six was part of the appeal.RELATED “But when we were kids in high school and couldn’t afford Camaros or Corvettes, we’d pick up these little Monzas already set up for V8s, pull out the 262 or 305 and drop in a 350, and then we’d be dusting the Camaros and Corvettes — that’s why these little cars were fun.”His rare red H-body coupe is a good example of one of the underappreciated GM vehicles hiding between the innumerable Novas, Chevelles and Monte Carlos parked on the rained-soaked fields of the Nats. Not as well-known or well-respected as the more iconic names in the automaker’s history, it took a keen eye to pick them out. Created with Raphaël 2.1.2Created with Raphaël 2.1.2John Rollman’s 1979 Chevrolet Monza SpyderClayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2John Rollman’s 1979 Chevrolet Monza SpyderClayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2John Rollman’s 1979 Chevrolet Monza SpyderClayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Kevin Dietz’s 1979 Oldsmobile Cutlass Hurst/Olds W-30Clayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Kevin Dietz’s 1979 Oldsmobile Cutlass Hurst/Olds W-30Nicholas Maronese, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Kevin Dietz’s 1979 Oldsmobile Cutlass Hurst/Olds W-30Nicholas Maronese, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ryan Miles’ 1967 Chevrolet CamaroNicholas Maronese, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Ryan Miles’ 1967 Chevrolet CamaroNicholas Maronese, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The six-cylinder in Ryan Miles’ 1967 Chevrolet CamaroClayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Steve Pishock’s 1986 Pontiac Fiero-based MERA Ferrari replicaClayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Steve Pishock’s 1986 Pontiac Fiero-based MERA Ferrari replicaClayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Steve Pishock’s 1986 Pontiac Fiero-based MERA Ferrari replicaClayton Seams, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Steve Pishock’s 1986 Pontiac Fiero-based MERA Ferrari replicaClayton Seams, Driving RELATED TAGSChevroletNews advertisement Pishock says among Chevrolet and Pontiac enthusiasts like the ones at the GM Nationals, the entire Fiero line is grossly underappreciated. But that doesn’t mean there aren’t some people who show it respect.“Some of the Ferrari guys get bent out of shape about it,” he chuckles, recalling how one fanatic got furious when someone left an Italian car show invitation on the MERA’s windshield at a Cars & Coffee meet. ‹ Previous Next › The Rolls-Royce Boat Tail may be the most expensive new car ever PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca They toppled Porsches and BMWs in the IMSA Camel GT racing series in 1976 and 1977. With V8 swaps in them, they dominated the drag strips.But while the handful of Chevrolet Monzas Spyders still around get plenty of what-is-that? glances, they’ll take a back seat at most car shows to their Camaro and Corvette contemporaries.“They’re a forgotten muscle car, with the low horsepower they were making,” says John Rollman, whose ’79 Spyder was the only one out of the hundreds of cars at the 2018 GM Nationals in Carlisle, Pennsylvania, one of the largest gatherings for Chevrolets, Buicks and Pontiacs on the Continent. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending in Canada COMMENTSSHARE YOUR THOUGHTS “But most of them, they appreciate it and understand the car.” General Motors fans, take note. See More Videos Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan”last_img read more

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Elon Musk tweet sparks Mercedes-Tesla talks over electric van project

first_img Elon Musk’s praise for Daimler’s Mercedes-Benz Sprinter van triggered talks between the German manufacturer and Tesla over potential cooperation on an electric version.After a November tweet by Musk, the two companies started sounding out possible prospects for a battery-powered van through a series of phone calls involving Jerome Guillen, a Tesla executive who previously worked for Daimler.“These talks are happening,” CEO Dieter Zetsche said Wednesday in Stuttgart, adding that the “outcome is open.” The enthusiasm by Tesla’s CEO was apparently spurred by feedback from company technicians who use Sprinter vans to travel to customers requiring service, Zetsche said.Daimler will start offering an electric version of the Sprinter later this year. The mid-sized van will have a battery range of some 150 kilometers (93 miles) and a maximum payload of more than 1,000 kilograms (2,200 pounds).It remained unclear if the potential project would involve joint development of a new vehicle or if Tesla technicians would switch to the upcoming battery-powered version.A cooperation with Tesla would be a revival of ties that date back a decade when Daimler acquired a stake in the Silicon Valley startup. It sold the holding in 2014 and booked a US$780 million windfall profit at the time. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Teaming up with old and new peers is becoming increasingly important in the auto industry to share the enormous costs for developing electric and self-driving cars. Zetsche’s successor Ola Kallenius, who is set to take over as Daimler CEO in May, said last month that he remains open to such initiatives. advertisement Trending Videos Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Mercedes-Benz’s Vision Van concept, making its world premiere, uses several of the company’s prototype systems, including an electric drivetrain, drone delivery, cloud-based control software, and fully automated cargo compartment. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. COMMENTSSHARE YOUR THOUGHTS The Rolls-Royce Boat Tail may be the most expensive new car ever Trending in Canada See More Videos RELATED TAGSTeslaCargo VanNon-LuxuryNew VehiclesNon-Luxury ‹ Previous Next ›last_img read more

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CU-Boulder Report Calls For Cleanup Of West's Toxic Abandoned Mines

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Alerting Westerners to the importance of and widespread support for cleaning up abandoned hardrock mines and their legacy of toxic pollution in Western waterways is the main goal of a new report from the University of Colorado at Boulder’s Center of the American West. The 47-page report is titled “Cleaning Up Abandoned Hardrock Mines in the West: Prospecting for a Better Future” and was released Jan. 11 during a press conference at the Denver office of the Environmental Protection Agency. It was produced to serve as a public guide explaining the key aspects of the abandoned mine problem, according to Patricia Limerick, the report’s lead author and faculty director of the CU-Boulder Center of the American West. “Abandoned mines and their acidic discharge have left a legacy of toxic contamination in our Western waterways,” said Limerick, a professor of history and environmental studies. “Fortunately, the dilemma of acid mine drainage is not a problem beyond solution. People of goodwill can unite and have united behind the cause of dealing productively and positively with this problem.” Mining is a necessary part of modern life, providing raw materials used in everything from drink containers to computers. Mining also is important economically in Colorado and other Western states. However, the legacy of abandoned mines on the ground and in the water is not so positive. The report cites a U.S. Bureau of Mines estimate that 12,000 miles of waterways in the West, or about 40 percent, are contaminated from acid mine drainage, as well as 180,000 acres of lakes and reservoirs. “Such figures might be overstated,” the report states. “But even if we lower our standards for what we call an impaired stream, we still come to the sobering realization that a great deal of wilderness, much of it located in National Forests and other public lands, is partially or wholly spoiled for fishing, hunting and hiking.” “Abandoned mines present widespread and stubborn water-quality problems throughout the Intermountain West,” said EPA regional administrator Robbie Roberts. “We applaud the Center of the American West’s leadership in advancing the dialogue on new approaches to mine cleanups. These efforts will enhance our collective ability to protect Western waters and the communities that depend on them.” Currently and ironically, many abandoned mines are still polluting waterways because the Clean Water Act stands as one of the principal obstacles for the treatment of acid mine drainage, according to the report. “The Clean Water Act requires treatment of acid mine drainage to standards that can’t always be achieved with the resources available to community groups interested in cleaning up their watershed, and the act imposes liability on any group that attempts a cleanup,” said CU-Boulder Professor Joseph Ryan of the civil, environmental and architectural engineering department, who co-authored the report. “So unless the site is an immediate threat to human health and the EPA steps in, very little cleanup is getting done. We need legislation to let these community groups, these Good Samaritans, tackle the problems locally.” Current federal laws do not allow Good Samaritans to partially clean up mines. Instead, they must achieve the highest water quality standards or do nothing at all, according to the report. The Clean Water Act sends the unforeseen and unintended message that “if you try to help, you can be held responsible for both the cost of the cleanup and for the ongoing cost of water treatment in perpetuity,” the report states. The report concludes that there is widespread support from government, industry and conservation groups for federal Good Samaritan legislation to protect those who want to clean up abandoned mines, but fear they will be penalized by existing laws. To help clean up toxic abandoned mines the report suggests that Westerners: o Support the introduction and passage of both state and federal Good Samaritan laws. o Separate the Good Samaritan liability exemption from the requirement that currently operating mining companies foot the bill for the cleanup. Instead, launch positive and forward-looking discussions on possible funding strategies for the cleanup of abandoned mines, strategies that are not narrowly punitive in their approach to the current mining industry. o Do not overlook, however, existing federal law that would allow cleanups to proceed, especially under the Comprehensive Environmental Response, Compensation and Liability Act — commonly known as Superfund — brownfield reclamation projects and the Surface Mining Control and Reclamation Act of 1977. o Don’t demonize the mining industry of the past; we are all too dependent on metals and minerals to get away with that. o Consider procedures that result in partial cleanups in those cases where the requirement for full Clean Water Act compliance by Good Samaritans simply discourages any remediation efforts and brings the whole process to a halt. o Consider the possibility of offering (or tolerating) an incentive by which mining companies could combine remediation of an abandoned mine with revenue-generating activities. o Be aware that current mining operations can create the conditions for acid mine drainage production and other environmental problems. o Build coalitions. The more diverse and inclusive the stakeholder group, the better the chance that the complexities and complications of a site cleanup might be worked out for a sound environmental, economical and community result. Allan Comp, a renowned innovator in abandoned mine land reclamation in Pennsylvania’s coal country and CU-Boulder Center of the American West staff member Timothy Brown also were co-authors of the report. The mission of the Center of the American West is to identify and address critical issues in the West and help Westerners become well-informed, participating citizens in their communities. Some of these issues include multiculturalism, community building, fire policy, and land, water and energy use. Contents of the full report are posted on the Web at http://www.centerwest.org/ For more information or to purchase copies of the report for $5 each contact the CU-Boulder Center of the American West at (303) 492-4879. Published: Jan. 10, 2006 last_img read more

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