Iceland crowdsources new constitution on Facebook
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Paul Kedrosky My friend Barry calls out the right for magical thinking about … everything, a position with which I agree. Their embrace of supply-side silliness in its most extreme forms, evolutionary nonsense, goofball religiosity, healthcare loopiness, and complete derangement about climate are all signs of a movement that values rhetoric over reason. [...] "I Think of Iceland." Spain protests. Flickr photo by edans From the discussions on our podcast last night: Bachmann did well in the Republican debate because she was non-wacko and thus surprised many. However, Romney is still the frontrunner. The nomination is his to lose, even as a recent poll shows Cain (yes, Cain) [...] From Sen. Udall: America no longer needs taxpayer subsidies for corn-based ethanol. It is a mature technology and the Renewable Fuels Standard already ensures that we use ethanol to displace foreign oil. “The debate in the Senate over the past several days has shown that Congress must signal that we’re prepared to deal with [...] The flywheel system is already operating at 90% capacity in New York. Flywheels store power as kinetic energy and can release it instantly, This makes them highly useful for balancing out grid fluctuations. Topics: The Republican debate showed the candidates aren’t zombie wackos. They are not the crazy kooky trainwrecks the left is hoping for. Instead, they are polished, savvy, and should not be underestimated. Republican Party turns serious Greek debt crisis. This isn’t some esoteric event happening elsewhere with little effect upon us. Quite the contrary, [...] Wow. He absolutely did the right thing, saying the budget is not balanced, uses “legally questionable maneuvers“, and adds billions in new debt. Tip: Calitics Lately, there’s been a growing contrarian view of California’s proposed renewable energy future. Instead of clean energy flowing seamlessly from solar, wind, and geothermal plants through a smart grid to California homes and businesses, these contrarians see a system doomed to fail, soaring energy prices, businesses leaving the state, and huge profits made by [...] This morning Greek CDS is trading at a spread of 1,900 bps: a level that seals the fate of Greece, whose bonds are being sold into a bidless market. Translation. To buy $10 million of credit default swap psuedo insurance on Greek bonds, the buyer must pay the seller $1.9 million a year in [...] Median starting salary for college grads now is $27,000, if they can find a job. Only 56% of 2010 grads held at least one job by this spring. Even worse, median salaries are down 10% from 2006-2007, an appalling statistic. Assume a relatively modest $60,000 in student loans, and 25% of gross income for a [...] |  | ||||
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