Joseph Stiglitz on the Banking Situation

http://www.cnn.com/2008/POLITICS/09/17/stiglitz.crisis/index.html

The Problem with Ethanol

John Phipps posted this interesting graph.

0 to 60 in 28 Seconds

In 1969, GM introduced a hybrid car.

Chuck Squatriglia in Wired describes it: “The heart of the car was a 35 cubic inch (573 cc) two-cylinder engine — small enough to be exempt from the emissions rules of the day — coupled with a DC motor powered by six lead-acid batteries just like the one under [...]

AIG

I think we just entered the fourth dimension in American free enterprise. Life will never be the same!
According to my understanding from a National Public Radio report the Fed has “taken over” AIG. The deal is… the Fed lends AIG up to $85B over two years, the Fed takes over the management of the Company [...]