Intellectual Property

Wikipedia defines intellectual property (IP) as a category of property that includes creations of the human intellect.  There are many types of IP, and some countries recognize more than others.  The most well-known types of IP are copyrights, patents, trademarks and trade secrets.  The main purpose of IP law is to encourage the creation of … Continued

Are China’s Climate Promises Feasible?

China’s economy is heavily dependent on coal powered electric energy.  We have previously discussed China’s dependence on coal. (See our blogs titled Climate, Coal and China and Coal).  In order to meaningfully reduce China’s dependence on coal, solutions to two primary roadblocks will have to be found.  Specifically, the availability of scalable and economically practical … Continued

Unintended Consequences

Thanks to Canada and the Jones Act, it now appears almost certain that Alaska’s cruise season will be canceled for a second straight summer. On Thursday, Feb. 4, Canada announced a continuation of prohibitions on cruise vessels operating in Canadian waters until February 2022. Under America’s Jones Act, (Merchant Marine Act of 1920) foreign-flagged ships … Continued

Coin of the Realm – Now India?

On Feb 16, 2018 and Jul 12, 2019 we posted blogs titled “Coin of the Realm” and “Coin of the Realm – Update” in which we suggested that legal tender is what the government says it is and governments don’t like competition. Government action has always been a risk factor for investors in cryptocurrency.  Recent … Continued

The EU Money Grab

European governments, that already have some of the world’s highest tax rates, are under increasing pressure to raise additional revenues, and believe that American tech giants represent a potential “gold mine.”  The route to increased revenues seems to be following several paths, including, new taxes designed to increase the EU’s share of U.S. tech company … Continued

Freedom of the Seas Is Important

Over the last several years we have posted a number of blogs relating to the importance of the “freedom of the seas”, most recently on (17May16) and (25Jan17).  Despite the fact that approximately 80% of the world’s trade volume travels by sea, the international community has largely ignored China’s efforts to exert military control over … Continued

“What Fools These Mortals Be.”

This is a line spoken by Puck in Shakespeare’s play, “A Midsummer Night’s Dream.”  Argentina recently announced its ninth sovereign debt default. That Argentina defaulted should not have been a surprise, but that the country had an opportunity to default a ninth time makes one wonder just who lends money to a serial defaulter after … Continued

China Has a Bad Debt Problem

China has lent billions to poor countries, and now they can’t pay it back.  Perhaps China should have heeded J. Paul Getty’s observation, “If you owe the bank $100 that’s your problem, if you owe the bank $100 million, that’s the bank’s problem.” China’s global lending spree, which, over the last two decades, showered less … Continued

Beware of Government Subsidies

Investors would be well advised to be cautious when evaluating investment opportunities based on government efforts to artificially, and often temporarily, affect consumer behavior. Consider the causes and implications of falling electric vehicles (EV) sales in China, the world’s largest market, accounting for approximately 60% of global output last year. China has been reducing subsidies … Continued

The World is Growing More Dangerous?

Francois Delattre, France’s ambassador to the United Nations, as he prepared to return to France, expressed the thought that the world is growing more dangerous.  His concerns are based on the perception that three main safety mechanisms no longer function. No more American power willing to be the last-resort enforcer of international order. No solid … Continued

Buyer’s Remorse and Brexit?

With the October 31 deadline for a Brexit withdrawal rapidly approaching, it is increasingly clear that there is no political consensus for the terms under which the United Kingdom would exit from the European Union.  It has been suggested that, while 52% of British citizens voted in favor of Brexit in June 2016, increasing awareness … Continued

“Flygskam”

“Flygskam” is Swedish for “flight shame,” a rising headwind for the airline industry that is particularly strong in Sweden and Scandinavia.  Climate studies show that airlines are a major factor in the increase in greenhouse gases.  A European Commission study noted that someone flying from Europe to New York, and back, generates roughly the same … Continued