Senate readies Goldman assault, WSJ

Goldman Sachs Group Inc. had a clear strategy of shorting the collapsing mortgage market and made $3.7 billion through the tactic, Senate investigators said, setting up a showdown with Goldman executives testifying before a Senate subcommittee Tuesday.

Goodness, Head Vampire Squid Lloyd Blankfein had best be careful he doesn’t – inadvertently of course – [...]

Zero energy house in Los Angeles

Inhabitat profiles the stunning Zenergy house in Studio City. It’s a makeover of a 1950′s bungalow home, the kind that are everywhere in L.A., and is zero energy, which means its on-site renewable energy equals what it uses. More, please.

Rap video about new Arizona immigration law

By Swindoe

Ethical large scale dairy

DJ visits a large sustainable, ethical diary and contracts to get milk to make cheese from. The diary has 1,600 of cows, yet they are sheltered from the elements, do get outside time, and there’s no crowding. Manure is collected every day and they compost it. They grow some of the best hay in the [...]

How many soldiers does it take to screw in a light bulb?

Answer: Zero. The military shouldn’t even be involved in Afghanistan. If we want to achieve our objectives in Afghanistan, we need sustainable, civilian-only solutions. [...]

Yeah baby, bring it on. More offshore drilling please

Sunken oil rig leaking 42,000 gallons per day. It’ll take months to fix

Executive Doug Suttles said if remote-control equipment can’t stop the oil, engineers are working on a way to put a containment dome over the leak. If this does not work they may have to drill nearby wells to stem the leak. [...]

That rescue and bailout for Greece?

The Greek bond holiday is here. Greece’s bond pricing administration HDAT has withdrawn bond prices as spreads have hit 650 bps. Greece acknowledges it is game over as 10 Years are at 10%, and 3 Years at 13%. Stock liquidation are rampant as Greeks are on the verge of panic: the ASE is down 3% [...]

William Black. Fraud in financial system not being addressed

PBS. Emphasis added.

William K. Black thinks President Obama didn’t acknowledge a key component in the financial crisis that the bills before Congress won’t address — fraud. A former regulator who helped crack down on massive fraud during the savings and loan crisis in the 1980s, Black tells Bill Moyers on The Journal that, [...]

High-speed rail back on Australian agenda

The Australian Greens have put high-speed rail (HSR) back on the national agenda. Greens leader Senator Bob Brown has called on the Rudd government to fund a study identifying the best route for connecting Australia’s two largest cities, Melbourne and Sydney, with HSR.

This is great news, even if it makes me a bit [...]

North Dakota has a state run bank. It’s solvent. So is the state

The state is also adding jobs, and is the only state with a budget surplus. Having a sanely managed state run bank is a major reason why.

The bank was a result of the populist movement

North Dakota created the Bank of North Dakota in 1919, after thousands of North Dakota farmers, enraged by the [...]