News


Investing in eco-friendly investments has come of age, as the Green Revolution recasts the playing field for future energy production. Solar, wind, geothermal and biofuels are the wave of the future. All derive their source of energy from the Sun in some fashion, but none offer as much promise of replacing fossil fuels effectively as does algae cultivation. Companies as large as Exxon-Mobil, Dow Chemical, and most recently, Unilever, have committed hundreds of millions of dollars for algae research in the race to find the most profitable path to producing material amounts of transportation fuels.

Eco-investments have been with us for some time. The term actually refers to any product that is grown and harvested directly from the earth. There is an obvious overlap when the new breed of alternative energy sources is viewed in that context. Micro-algae and its cultivation have been researched for over fifty years, but most efforts have been devoted to developing pharmaceutical and nutraceutical product offerings. Current research has focused more on which strains have the highest propensity for creating oil compounds and on what processes can extract these valuable byproducts from the tiny organisms themselves.

Read (more…)

w-obama-cp-RTR26LY4
The White House has released another of its health care reform clarification emails— there will be more. It seems strange to me that the focus is on insurance coverage rather than on the spiraling costs of health care itself.

Frankly, the drafters of the insurance reforms have little, if any, understanding of insurance, risk assessment, or underwriting— and nary a clue about running a business. But why should they care? This is Robin Hood politics, not business. Why do we continue to re-elect them is a far better question.

(more…)

Warren Buffet a highly influential American has finally hit the panic button, saying that we are going to be crushed under a mountain of debt taking into consideration the amount of debt the country is piling up.

warren_buffett.giLast year, Warren Buffett says, we were justified in using any means necessary to stave off another Great Depression. Now that the economy is beginning to recover, however, we need to curtail our out-of-control spending, or we’ll destroy the value of the dollar and many Americans’ life savings.

Here are some not-so-fun facts from Buffett’s editorial today in the New York Times:

* Congress is now spending 185% of what it takes in
* Our deficit is a post WWII record of 13% of GDP
* Our debt is growing by 1% a month
* We are borrowing $1.8 trillion a year

$1.8 trillion, that’s a lot of money. Even if the Chinese lend us $400 billion a year and Americans save a remarkable $500 billion and lend it to the government, we’ll still need another $900 billion.

Which brings us to the million Dollar question “where’s it going to come from?” Most likely the printing press. And, ultimately, that will destroy the value of the dollar.

r340765_1550256
His girlfriend’s house was surrounded by Federal agents in black SUV’s this afternoon, they told him to walk out and introduce himself. So he did, and he asked them, ‘If you’ve got a warrant, take me into custody. If you don’t, I’m going to Houston.’ And they did, so they arrested him.

Chairman of the troubled Stanford Financial Group, R. Allen Stanford surrendered to FBI agents in Virginia Thursday afternoon, his attorney said. Law enforcement officials said Stanford is in custody after surrendering in Stafford, Va. Authorities plan to unseal an indictment charging Stanford on Friday, the officials said, speaking on condition of anonymity because they were not authorized to discuss the case.

Stanford Financial Group has been under investigation by a grand jury in Houston. The Securities and Exchange Commission filed civil charges earlier this year accusing Stanford and his top executives of conducting an $8 billion fraud by advising clients to buy certificates of deposit from the Antigua-based Stanford International Bank.

The SEC’s lawsuit charged that the bank advertised its CDs in a brochure touting a conservative investment philosophy. But instead the bank’s portfolio was “misappropriated by Defendant Allen Stanford and used by him to acquire private equity investments and real estate,” the suit says.
Read (more…)

But, some economists say that the slowdown in August could be a temporary blip, and may not be indicative of a long-term trend.

China’s industrial output grew at its weakest pace in more than six year last month, partly due to the industrial shutdowns ordered by the government ahead of Olympics, the government’s statistics agency said on Friday. The sharp decline continued to be affected by the global economic downturn.

Industrial production in China expanded by 12.8% in August from a year earlier, the National Statistics Bureau said after a gain of 14.7% in July. The August reading was less than the 14.5% median estimate of economists. This was slowest rate since August 2002 and well below the 17.5% recorded in August 2007.

But, some economists said that the slowdown in August could be a temporary blip, and may not be indicative of a long-term trend. China’s industrial activity will pick up with the re opening of factories in Beijing and surrounding areas, JP Morgan’s local securities unit wrote in a note.

Read (more…)

The presidential campaign of Sen. John McCain announced today that Alaska Gov. Sarah Palin’s teenage daughter is pregnant.

In a statement, Palin and husband Todd said, “Our beautiful daughter Bristol came to us with news that as parents we knew would make her grow up faster than we had ever planned. We are proud of Bristol’s decision to have her baby, and even prouder to become grandparents.”

Sarah Palin, the Republican vice-presidential hopeful and running mate of John McCain, has revealed that her 17-year-old unmarried daughter is five-months pregnant.

The couple said Bristol, 17, plans to marry the “young man” who is the father of her child. The Reuters news agency reported Monday that Bristol is five months pregnant.

“We’re proud of Bristol’s decision to have her baby and even prouder to become grandparents,” Sarah and her husband, Todd Palin, said in a statement on Monday.

The news comes as the Republican National Convention is to open in St Paul, Minnesota.

“Bristol and the young man she will marry are going to realise very quickly the difficulties of raising a child, which is why they will have the love and support of our entire family,” the statement added.
Read (more…)

In less than a month crude oil, which some saw hitting $200 a barrel by year-end, has plunged $32 but a rebound could happen, for example, over the Iranian nuclear crisis, analysts say. From a record-high $147.27 on July 11, the New York futures contract slid to about $115 on Friday, losing almost 22 per cent in the course of four weeks.

In its wake, most other commodity prices, which were driven higher by the oil market surge, have fallen from their peaks.

An ounce of gold has dropped to $800 from $1,000; farm commodity prices are between 25pc and 40pc lower and petrol prices have dropped about 6pc.

“Oil is at a tipping point. It is an exaggeration to cry that a bubble has burst. It is a break, Oil market was not in a bubble.”

For James Williams at WTRG Energy, the law of supply and demand reins.

“The market is simple reflecting the fundamentals of supply and demand. Markets participants are considering the world slowdown, the deterioration in expectations for the growth worldwide,” Williams said.

The slowdown in economic growth has a significant impact on energy consumption, analysts say.

A case in point is US drivers, known as huge consumers of petrol, drove a third less in May compared with a year ago. Motor fuel consumption fell more than 2pc.

This trend is expected to extend to the emerging market countries where the increasing weakening of fuel subsidies is going to force consumers to fill up their tanks less.

Read (more…)

The site claims to scour far more of the Web than Google does. It promises to sift through more than 120 billion pages to arrive at the best results. Google no longer publicly offers up its breadth, though its silence there will only stir up the hype that Cuil is, in fact, the new Google.

Cuil is a search engine devised by a group of former Google employees. My initial impression of the site was that is was easy to use. It claims to have the largest database of indexed pages in the world, 121 billion – although Google won’t disclose the number of pages it has indexed. But how many pages a search engine has indexed may not mean that much. What matters is if it can find the one simple page a person is looking for.

So I did some tests of my own. I started with word “pirate”. Cuil’s top search result was a site called “Talk like a Pirate Day.” This site didn’t appear on the first page of Google’s results, although Google did find a wikipedia reference to it. Google’s top result was The Pirate Bay, a notorious file-sharing website. Pirate Bay was listed second in Cuil’s results. Beyond that, both sites offered, more or less, the same information.

But it was after the initial search that Cuil really began to shine. While Google offers some related searches, including pirate-related costumes, pictures and games, Cuil offered a much greater variety in alternative searches, including movies, games, software, sports, and even party suggestions.

Read (more…)


Search engine Cuil launched earlier this evening, claiming a bigger index size (120 billion web pages) than Google or any other search engine. The pedigree of the founders and execs, which includes three ex senior Googlers, means the service will be compared to Google from day one. And the way they will be compared is index size and, more importantly, relevance/ranking of results.

We’ve been testing the engine for the last hour. Based on our test queries Cuil is an excellent search engine, particularly since it is all of an hour old. But it doesn’t appear to have the depth of results that Google has, despite their claims. And the results are not nearly as relevant.

A search for Dog returns 280 million results on Cuil and 498 million on Google. Judging relevance of results is subjective, but Google returns Wikipedia as the first result, then dog.com. Cuil returns Dog.com, wikipedia isn’t listed on the first page of results. Both are meaningful results, but Google is better.

More searches, Cuil v. Google: Apple (83 m v. 571 million) – neither mention the fruit. France (102 m v. 1.5 billion) – Cuil’s category refinement makes their results better for this query. Stonehenge (800k v. 8.5 million). Silicon Valley (3.2 m v. 24 m). Techcrunch (600k v. 6.5 m).

Read (more…)

U.S. stocks will continue to fall next week, in continuation of a sell-off that saw the Dow Jones Industrial Average experience its worst week in over four years, due to nervousness that the easy-money binge of the last few years has come to an end. No fireworks in earnings so far.

It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors. Stocks will remain vulnerable to any new signs of distress from hedge funds hit by their exposure to bad U.S. home loans, as well as from credit markets, where Wall Street firms and corporations are finding it harder and harder to obtain financing.

Oil has become the biggest wild card for growth and corporate profits. It jumped to a record above $145 a barrel on Thursday, driven by tensions between Israel and Iran, before the long holiday weekend to mark US Independence Day.

The price of crude is up 50 percent so far this year.

On Friday, US markets are closed on July 4th for the Independence Day holiday.

Financial results from Alcoa and GE will kick off the second-quarter earnings season next week. Aluminum company Alcoa, the first Dow component to report results, will release its quarterly numbers on Tuesday. GE, another Dow industrial and a bellwether for the US economy, will report earnings on Friday. Aside from second-quarter results, investors are anxious to see the companies’ forecasts for world economic growth and their own corporate sales prospects.

Read (more…)

Next Page »