Ray Ozzie of Microsoft issues a not quite clarion call to embrace what is technologically inevitable. If we can’t stop the train then we better run to get on it. . . . → Read More: To fearlessly embrace what is inevitable
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The Blythe solar power facility, will be the first parabolic trough solar facility approved on U.S. public land. It will consist of four 250 MW plants that together will deliver 1,000 MW of nominal generating capacity, or enough electricity to annually power more than 300,000 single-family homes. . . . → Read More: New solar investment in California It is clear that with the export of genetic engineering technology, know-how and research, the US is shooting itself once again in the foot by its own regulations to injure US exports. And in the process raising up the capabilities of the BRICs. . . . → Read More: BRIC outsourcing US science jobs: Transgenic goat’s milk to fight diarrhea In an article today on a Bond Frenzy the NY Times notes that the bond market snapped up inflation linked 5 year Treasuries with a negative yield. “Investors paid $105.50 for every $100 of bonds the government sold — agreeing to pay the government for the privilege of lending it money,” the NYT said. Why would investors snap these up? They have a . . . → Read More: Topsy turvy world for bond market and Fed Scary new wage data by David Cay Johnston is worth a read. . . . → Read More: Income redistribution to the top continues Hard-pressed homeowners are asking why lenders often balk at short sales, which allow owners to sell deeply devalued homes for less than what remains on their mortgage. But servicers can reap high fees from foreclosures. And lenders may collect on private mortgage insurance in a foreclosure. . . . → Read More: Are banks declining loan mods and short sales because they make more fees on foreclosures? Congress has rightly been concerned with wholesale tax evasion by fat cats, but the Foreign Account Tax Compliance Act (FATCA) provisions are designed – as a largely unintended consequence – to chill US exports and our international competitiveness. . . . → Read More: FATCA: US Export destruction act It seems to me that foreclosure-gate as the foreclosure mess is being called has the hallmarks of a classic, large scale, operational risk failure. . . . → Read More: Op Risk: Foreclosure-gate firing on all four cylinders The US has (to mix a few metaphors) shot itself in the foot by building large speed bumps to exports. These things are by no means fore-ordained. The US could, with an adjustment of its tax policies change to more export growth. But the current administration has decided, contrary to its stated campaign promises, instead to carp at others, whine, and continue increase its anti-export tax treatment of overseas Americans and foreign investors. . . . → Read More: Geithner’s chiding of others should lead to export friendly tax reform here |
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