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Written by Eben Esterhuizen
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Tuesday, 11 March 2008 |
Photo:Andrew, Creative Commons, Flickr
New York governor Elliot Spitzer had an itch that had to be scratched. Let the media frenzy begin!
Big deal. This is between him and his young family. But then again, the alliteration "Spitzer Sex Scandal" has a nice ring to it, and who really wants to listen to another minute of Hillary Clinton's increasingly desperate attacks on Barack Obama?
Spitzer broke the law. He should be punished. End of story. Why should we have any kind of sympathy for a man who built his political career destroying and humiliating others, a self-professed "steamroller"? I can only hope other politicians learn from Spitzer's fall from grace (i.e. use cash when paying for a prostitute). Another request: Can we all agree to ban the "Spitz and swallows" joke? I've heard that one so many times I've lost count. We get it. It's funny. Now please move on. |
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Last Updated ( Sunday, 16 March 2008 )
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Written by Eben Esterhuizen
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Tuesday, 11 March 2008 |
Several analysts expect the U.S. dollar to rebound in the second half of the year. A slowing U.S. economy always affects the rest of the world with a delay, they say, and most of the bad news may already be priced into the greenback. "For Euroland, historically, the delay has been one or two quarters," notes Stephen Roach at Morgan Stanley. Analysts like Mr. Roach argue that central banks that proactively cut rates to bolster growth (like the Fed) will now see their currencies rally, and central banks that don't cut rates will see their currencies weaken. The implication here is that investors will move money away from yield and turn their focus to areas of growth. Going by this logic, the U.S. dollar should benefit from the Fed's amplified focus on growth.
Photo:Thomas Hawk, Creative Commons, Flickr
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Last Updated ( Sunday, 16 March 2008 )
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Written by David Neubert
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Monday, 10 March 2008 |
Note to Congress: Please get rid of the penny and stop supporting the wasteful use of zinc and copper for something that is thrown away. According to this article about the penny at Mainstreet.com, there are 1.2 cents worth of copper and zinc in a U.S. penny and it costs 1.7 cents to produce one.
Business idea: Start a penny smelting business. |
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Last Updated ( Monday, 10 March 2008 )
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Written by Eben Esterhuizen
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Sunday, 09 March 2008 |
The theory of decoupling suggests that emerging markets have broadened and deepened to the point that they no longer depend on the United States for growth, leaving them insulated from a U.S. recession.
Several analysts have claimed that decoupling is a load of rubbish, while others swear by it. One of the factors complicating the decoupling debate is the lack of agreement on a definition. If we look at the performance of emerging market stocks over recent weeks, it appears decoupling is a fairy tale. But arguing that a falling stock market signals an economic downturn is too simplistic since there are many factors that can lead to selling of stocks. That being said, decoupling is essentially a theory about how commodity prices react to a U.S. recession.
Photo:clry2, Creative Commons, Flickr
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Last Updated ( Sunday, 16 March 2008 )
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Written by Jeanne Roberts
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Wednesday, 05 March 2008 |
Photo:abbyladybug, Creative Commons, Flickr
I’m compiling a list of bad environmental ideas. The first was sowing the ocean with tons of iron fertilizer to encourage phytoplankton, which only incidentally absorb the carbon dioxide (CO2) associated with global warming. |
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Last Updated ( Sunday, 09 March 2008 )
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