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Taiwan in the Space Age

Exactly 40 years ago today, July 20th, Neil Armstrong took his “small step” that is really a huge leap for humanity. The positive repercussion of his step is about to get much bigger. In this very special 40th anniversary of we – the earthlings’ – moon landing, I like to celebrate with several of my observations. And relate my observations and predictions to what role can Taiwan play in the space age.

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$100,000 per Barrel Oil, Part II

The solution for high oil price is high oil price. That is the reason why a thought experiment like this is worthy of conducting. When I wrote “$100,000 per Barrel Oil” last July, I was unaware of economist Jeff Rubin and his bullish outlook on oil; nor was I aware of his book, Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization. The following quote prompted me to draft up another variation of my very simple back-of-the-envelope model for estimating the peak price in the current raw materials secular bull market:

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Newsflash

Former president Chen Shui-bian’s (陳水扁) son, Chen Chih-chung (陳致中), who was recently sentenced to three months in jail for perjury, yesterday announced his decision to run in the January legislative elections.

“Chen Chih-chung will not be absent from the legislative election in the district of Cianjhen [前鎮] and Siaogang [小港],” he told supporters outside his office in Kao-hsiung yesterday morning.

Chen Chih-chung’s participation in Greater Kaohsiung’s ninth district as an independent candidate would make the election a three-way race and could take support away from Democratic Progressive Party (DPP) candidate Kuo Wen-cheng (郭玟成).