A handful of Canadian miners are ramping up operations to mine cobalt, betting on demand for a socially responsible source of the metal that is in high demand as a key component of electric cars. Most cobalt currently comes from the Democratic Republic of Congo, where supply is threatened by political, legal and labor issues. That means car makers and battery suppliers are increasingly looking elsewhere for the mineral.
These trends also pose serious issues for the state’s economy, such as a decline in the working-age population. With unemployment rates now at a historic low, economists universally see shortages of trained and trainable labor as the greatest impediment to continued economic growth in California.
Were the Supreme Court to agree with Brown and uphold the appellate court rulings that seemingly repeal the California rule, it would be a huge setback for the unions – and a black eye for the local unions that opened the legal door by challenging the pension reform’s abolition of much-abused pension spiking and airtime.
It really does not benefit anyone for red states to seek to inflict pain on New York or Los Angeles, any more than it makes sense for MSNBC host and Daily Beast columnist Joy Reid to call rural voters “the core threat to our democracy.” These economies and geographies need each other.
The heartland needs capital and markets. Overpriced, de-industrializing economies on the coast need outlets for their young people—and after tax reform maybe more of their parents—as they seek out an affordable future in the interior. America’s diverse regions are critical to its ability to out-compete virtually all advanced economies. Great presidents, and effective political parties, recognize this reality. Franklin Roosevelt did not conduct the New Deal just to help New York; he brought jobs, money, and electricity to vast parts of the heartland, the South, and Appalachia.
Technology alone isn’t going to be enough to save the world from the very real dangers of climate change, Gov. Jerry Brown told an audience of environmentalists in San Francisco on Wednesday night.