He told the audience how his company closed eight mines in one day after"profits dropped" and"markets shifted to cleaner energy" such as natural gas and renewables."And from that point until June or July next year there were 10,000 jobs, coal industry jobs, that were gone in the State of Kentucky."
Scott Shoupe said at the time Kentucky lacked any transition plan or government support for sacked miners.He now works for a green energy provider, helping homeowners install insulation and solar panels.While overseas demand for Australian coal remains strong, there are warnings global investment is shifting.
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. The curve of technological evolution is almost vertical, especially in areas like new materials, photonics, sensors, nanotechnology, AI. There is a lot of work to be done: decontaminating soil and water, regenerative organic agriculture, integrative health and aged care. .
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Migrant cut could force RBA to reduce rates, warns housing industryThe housing industry has warned a cut in migrant numbers could force the Reserve Bank into slicing interest rates to prop up a struggling property market | swrighteconomy swrighteconomy Migration is being cut drastically right now. I predict this June will be the lowest intake of permanent residents in the last 10 years. swrighteconomy Australia CANNOT keep 'importing' more consumers, who will become MORE old age pensioners, to create MORE demand, in a never ending cycle of MORE! That is stupidity compounded! Services HAVE NOT kept pace! Water, food, medical... Kicking the can down the road, politician style. swrighteconomy So we we are captured by vested interest and ridiculous policy coming of the mining boom, borrowed money to stimulate an economy on household debt.
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