Tesla plans solar-powered home battery storage

Tesla, perhaps to distract from lackluster car sales, just announced plans for battery packs powered by solar panels for residential homes. This is not a new idea. Off-grid homes as well as grid-connected homes with solar panels already have batteries…

HSBC. Banker of choice for laundering drug money?

A consortium of India journalists detail meticulously how HSBC is at the center of laundering money from drugs. Oh, there is lots of dirty money in other high places, to be sure. From the opium wars of the 1800’s, to…

Atlantic City. How not to do urban renewal and urban planning

Atlantic City should have prospered when it legalized gambling in 1976. Yet today many of its casinos have closed or are struggling. This wasn't supposed to happen. Urbanism blog Granola Shotgun (great name!) ponders what went wrong and what the four faulty assumptions were.

HSBC deliberately pushed clients to engage in tax fraud

HSBC deliberately pushed schemes on wealthy clients to transfer their money from private accounts into shell corporations chartered in Lichtenstein and other areas because a loophole said corporate money wasn’t taxable. However, the corporations have no other function and did…