Evergreen Solar, the third largest solar producer in the United States, is shifting production to China
Today at G20: Obama once again rejects EU’s financial transactions tax proposal.
European Union leaders are using the G-20 forum to push for a tax on trades of stocks, bonds and derivatives to raise money for taxpayers who have bailed out their financial systems. The U.S. is against the proposal, and even some European nations — such as the U.K. and Sweden — say it won’t work unless it’s adopted globally because activity would move to regions that don’t assess the tax.
I’m guessing the second man sitting on Obama’s right may have something to do with this.
Evergreen cited the much higher government support available in China.
JPMorgan Chase executive and former U.S. Commerce Secretary, William M. Daley, the younger brother of longtime Chicago Mayor Richard M. Daley, is Obama’s new Chief of Staff.
“It’s tempting not to negotiate with hostage–takers, unless the hostage gets harmed.”