Month August 2009

Is this the fastest kettle in the world?

The British Steam Car just unofficially broke the 103-year-old speed record for steam cars and it now poised to do so officially. It did 137 mph, is built to do 170 mph, and burns “23 cups of tea per second.”

California’s pension powder keg

LA Times editorial The state’s obligations are outstripping its ability to pay. Now is a good time to put reforms back on the table. CalPERS estimates this year’s losses at close to 30%. Meanwhile, costs for the current fiscal year…

Socialism for the rich. Capitalism for the rest

Goldman’s new ‘American Socialism Manifesto’ 8 ways ‘The Conspiracy’ is destroying our American democracy In “Bailout Nation,” hedge fund manager Barry Ritholtz summarizes this clandestine takeover of the great American democracy, led by Paulson and the Goldman Conspiracy juggernaut. In…