Sunday, March 29, 2009

Green is the New Black Out

Around the world hundreds of cities participated in a voluntary black out in hopes of sending a message to the UN council on environmental regulations. Landmarks dimmed in support of "greener" legislation and as a reminder of our dependence on electric energy. I think that the effects of this movement won't be immediately visible as many global leaders are currently distracted by economic issues. Hopefully a balance can be found between the two and we can turn the lights back on. Until then I'll reading by candlelight and waking up to a potato-powered alarm clock.

Leia Mais…

Friday, March 27, 2009

Yes!-la Tesla

In a new era of fuel efficiency and green living, cool cars have taken a backseat to more earth-friendly sedans and hybrids. Sky rocketing gas prices and the imminent threat of global warming have many of us downsizing both our engines and our time spent on the road. As most American automobile companies struggle to keep their engines running, Tesla Motors has found a way to produce an automobile that combines our need for speed and a craving for saving...the planet.

Unfortunately, the compromise does exist, as usual, with our wallets. The 2008 Tesla Roadster sold for just over $100K before tax, plus fees for repairs and maintenance that could only be done at Tesla Motor locations (due to the complexity of the electric drive train, parts, etc.). Its specs were quite impressive, but the price and wait list are more than most consumers can stomach.

Luckily, Tesla's newest release, the Model S sedan, rings up at half the price of its other models. Unfortunately, even this environmentally friendly endeavor has been affected by the downturn in the economy. It may be a few years before the Tesla Model S becomes a common household name, but Tesla Motors hopes to eventually produce enough sedans that they can compete with other hybrid vehicle firms in the market.

Whether or not individuals will be willing to spend $50K on an all-electric car is still up for grabs. As technology improves, it will be up to the company with the interest and ability to harness its power and lower production costs that will eventually come out on top. Hopefully competition will improve the quality on all forms of production and we will no longer be required to compromise keen for green. For now, you can find me riding my bike to work and class, and shoving any extra money I find into my Tesla Motors IPO fund.

Leia Mais…

Thursday, March 26, 2009

The Economy Killed Kenny

Most of my hyperbolic views on the economy were reflected in today's brand new episode of South Park. A child messiah sacrificed his line of credit in order to save the citizens of South Park and its economy. Great episode for econophiles like me! Let me know what you think of the episode and of the current economic situation.



The episode is entitled "Margaritaville" and can be downloaded on iTunes. Or catch it on reruns. Or download "Lice Capades" which has nothing to do with anything but is a very funny rarely aired episode.

annie a

Leia Mais…

Wednesday, March 25, 2009

Super Cute Summary


President speaks. Snow falls in North Dakota. Border disputes worsen. Stocks slip. AIG still sucks. Stolen car ring busted. Same shit new day.

Leia Mais…

Monday, March 23, 2009

Stocks (Pep) Rally

Amid a sea of controversy President Obama has pushed forward with his financial recovery package. Today he released plans for the US Treasury to soak up the bank's toxic assets and auction them off in order to free up funds for loan to the private sector. This attempt to reestablish lending stability will hopefully work towards the overall goal of economic stability and recovery. Whether or not it's the government's job to fill the hole the banks have dug for themselves by participating in the sub-prime mortgage landslide is an entirely different debate. However, today's executive order coupled with reports of a brightening housing market has done wonders to boost the confidence of private investors in the US stock market. The DOW rose nearly 500 points today, a record not seen since November, up from twelve year lows seen earlier this month.

I can't help but associate the morale of the country with the ups and downs of the US stock market. Luckily, whenever the President prescribes the country one large Xanax in the form of another branch of the financial recovery plan, stocks soar and we are once again comforted by the false security blanket of financial stability. The reality is that it's going to take a lot of work to follow through on the recovery plan and a lot of time and patience before the market fully recovers. I believe that we are on the right track, but stock-induced jubilation is temporary at best. So long as the market continues to ebb and flow so will the public mania associated with its success.

Tomorrow is another day. Ben Bernanke and Tim Geithner are scheduled to appear before the House Financial Services Committee to discuss AIG operations. Asian markets are already up. Bonuses are being returned. The Senate Banking Committee is holding a hearing on bank regulation. Tomorrow is another day and anything can happen.

Annie A

Primary Source: "Dow jumps almost 500 points" by By Alexandra Twin, CNNMoney.com senior writer Last Updated: March 23, 2009: 5:49 PM ET

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Con-damnation

The Pope recently visited Africa and spoke about Catholic values and finding peace in war-torn areas. The most newsworthy tenet he reiterated was the ban on the use of condoms as a means of birth control, instead promoting abstinence as the only means of protection. Africa has been ravaged by the AIDS epidemic and condom use is still considered the best defense against its spread, after dismissing abstinence as a realistic widespread practice. The Pope also claims that condoms facilitate the spread of AIDS, a comment which, I believe, implies the Pope’s assertion that condom use and abstinence are alternatives, and condoms do not fully protect their users. In reality, the alternative to sex with a condom is sex without a condom, the former being the safer alternative to the latter, given that sexual activity cannot be prevented.

It’s as though Pope Benny has cited walking to work as an alternative to wearing a seatbelt. Seatbelts don’t cause car accidents, but use of a seatbelt may prevent against injury in the event of one. Either way you can’t prevent everyone from driving. It sure as heck beats walking to work.

Anne Adoryan

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