Day September 17, 2008

Algae to gasoline gets investment from Bill Gates

Sapphire Energy just got $100 million in funding from venture capital firms, including one owned by Bill Gates. They, and other firms, are working at what could be the holy grail of renewable fuel – cost-competitive gasoline created from algae.…

Dow Jones. The abyss stares back

The Dow Jones average broke through the June 15 low of 10,962 today, closing at 10,609. This is an extremely negative technical sign and will almost certainly trigger more selling. In addition, there will be increased selling by those just…

Cliff-diving financial markets

It’s “the end of American capitalism as we knew it“, says a British economist, arguing that since it is the state that ultimately guarantees banks, that the state should therefore control them. If so, then why not keep these activities…