Archive for April 24th, 2008


Hardly a surprise

Subprime mortgage litigation reaches record levels in the first quarter of 2008

Can increased levels of criminal indictments be far behind? Because I’m guessing there’s a whole lot of folks involved in the subprime debacle who deserve to go to prison.

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Formula 1 racing to go hybrid

Starting in 2009, Formula 1 race cars will be hybrids, eventually capable of storing excess energy to be used for power boosts, a technology that apparently is much more efficient than current hybrids.

If this system can be applied to production vehicles, it will be possible to realize huge improvements in fuel economy and pretty respectable reductions in GHG emissions.

Maybe one day we will have all-electric car racing. Don’t laugh. The General Motors EV-1 electric vehicle could blow the hubcaps off a Ferrari from a standing stop. Full torque at zero RPM.

Who would have thought that one of the most venerated names in racing would be going hybrid? This demonstrates just how mainstream hybrids have become.

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Chinese arms shipment to Zimbabwe returning to China

South African dock workers refused to unload it, and apparently no other country wanted it either, so the thuggish government of Zimbabwe will not be getting their 3 million rounds of ammo just in time to use against the rightful winners of the recent election there, even though the government refuses to admit they lost.

Leaders of the Anglican Church say that levels of violence have reached “horrific levels” in Zimbabwe since the election as supporters of the ruling party that lost attack and kill members of the party that won.

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Peak Water. Aquifers and rivers worldwide are running dry

Wired has a comprehensive, if unsettling, article about the growing water shortages across the planet. For example, by 2025 the entire Middle East could be “catastrophically low” on water.

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Bond insurer Ambac

Ambac chart
Well no, it could go to zero and then bankruptcy. Mish details how this once mighty company cratered, while all the time saying things were just fine, thanks for asking.

Truly, a poster child for all that was wrong with the mortgage and credit crises.

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