Showing posts with label Recession. Show all posts
Showing posts with label Recession. Show all posts

4/28/09

"About half the energy we use in America is wasted"

The BBC looks at the possibility of the USA "Innovating a way out of recession":

"About half the energy we use in America is wasted," says Dean Allen, the company's chief executive.

Half? That is an astonishing amount in a country that consumes as much as the US does.

"When it's free or cheap we tend not to focus on it."

The problem is how to divert the oil supertanker that is the US economy onto a more sustainable footing.

For many years there was not the political will to change. Now though more people here believe energy sustainability is important, either for the good of the environment, or to reduce America's dependence on foreign imports of oil.

12/12/08

Are the Big Banks Completely Bankrupt?

Bob at Politics in the Zeros seems to think there is good reason to believe this is the case...

Jim Rogers is a legendary investor and partner of George Soros. He is known for being blunt, and, I’ve found from watching what he says, usually quite correct. He is now saying most major US banks are bankrupt.

And it it just gets worse from there in a back assward game of "theftocracy"...