Month June 2008

How not to steady the markets

The Pakistan stock market recently dropped off a cliff so the government banned short selling for a month then pumped $446 million into the market. They also decreed that prices could not fall more than 1% a day. This of…

NASA photo of California fires

This NASA photo dramatically shows the amount of smoke from the hundreds of fires now burning, most of them started by lightning. Floods in the midwest, Omaha just got hit by a devastating storm with winds up to 115 mph.…

Net metering in British Columbia

Their utilities will install a new digital electrical meter for homes with renewable power that tracks power used by the home separately from power generated into the grid. This is called “net billing” and allows the homeowner to be reimbursed…

Payday lending. Why is this legal?

From Naked Capitalism. I was recently on an NPR show on consumer debt, and a caller said his uncle, a former loan shark who did 15 years in prison, was mystified by payday lending, particularly since he had charged only…