NYT
China is having a good week in America. Yes it is. I’d even suggest that there is some high-fiving going on in Beijing. I mean, wouldn’t you if you saw America’s Democratic and Republican leaders conspiring to ensure that America cedes the next great global industry — E.T., energy technology — to China?
But, before I get to that, here’s a little news item to chew on: Applied Materials, a U.S. Silicon Valley company that makes the machines that make sophisticated solar panels, opened the world’s largest commercial solar research and development center in Xian, China, in October. It initially sought applicants for 260 scientist/technologist jobs. Howard Clabo, a company spokesman, told me that the Xian center received 26,000 Chinese applications and hired 330 people — 31 percent with master’s or Ph.D. degrees. “Roughly 50 percent of the solar panels in the world were made in China last year,” explained Clabo. “We need to be where the customers are.”
And what kind of week is America having? After months of heroic negotiations, Senators John Kerry, Lindsey Graham and Joseph Lieberman had forged a bipartisan climate/energy/jobs bill that, while far from perfect, would have, for the first time, put a long-term fixed price on carbon — precisely the kind of price signal U.S. industry and consumers need to start really shifting the economy to clean-power innovations. The bill was supposed to be unveiled on Monday, but it was suddenly postponed because of Graham’s justified fury that the Senate Democratic leader, Harry Reid, had decided to push immigration reform first — even though no such bill is ready — in a bid to attract Hispanic voters to revive his re-election campaign in Nevada.
(More here.)
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