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California continues to struggle economically even as other states may be starting to slightly recover. Sure, these are tough times, but Bill Watkins at Newgeography says California’s problems are made worse by DURT: Delay, Uncertainty, Regulation, and Taxes. Such impediments put California at a disadvantage compared to other states. Here’s a simple example of this. [...] Primary among the reasons are additives added during the winter which lower the temperature at which gas freezes. They hinder the combustion process. Plus lubricants thicken, lessening engine performance. The Swigz Pro Racing bike set an unofficial world’s record for electric motorcycles at Mojave recently reaching over 190 mph in one mile. They’d been hoping for 200+ mpg, but crosswinds slowed them down. Small scale indoor marijuana growing. DoJ photo Cannabis production results in energy expenditures of $5 billion each year, with electricity use equivalent to that of 2 million average U.S. homes. This corresponds to 1% of national electricity consumption or 2% of that in households. A single Cannabis cigarette represents 2 pounds of CO2 emissions, [...] Michael Lewis To naive critics this came as just more evidence that the Fed had mistaken the wants of a handful of rich people for the needs of the wider society. The documents and “assets” used as collateral by the Fed include - a vault in the Fed basement filled with young women, who [...] Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs. Taibbi has a new article about the shadow budget whereby the Fed shovels billions to the already wealthy with no oversight or apparent ethics. It’s welfare for the parasitical rich, who take much and [...] The most dangerous icebergs are those that are completely submerged, as ships may not be able to spot them in time. The huge and growing problem of California public pension fund liability has for too long been treated like a submerged iceberg. Many didn’t even know it was there. Those who did often kept [...] The US Navy is reporting that floating houses and cars in the ocean are a threat to shipping and that they’ve never seen anything like this. The debris will hit Washington, Oregon, and California by 2014. Krugman What happened to the inspirational figure his supporters thought they elected? Who is this bland, timid guy who doesn’t seem to stand for anything in particular? Au contraire. Obama fought ferociously hard to give the big banks whatever they want, whether that be huge bailouts, changing the accounting rules for them and [...] From the Official Google Blog We’ve invested $168 million in an exciting new solar energy power plant being developed by BrightSource Energy in the Mojave Desert in California. Brightsource’s Ivanpah Solar Electric Generating System (ISEGS) will generate 392 gross MW of clean, solar energy. [...] |  | ||||
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