Word: costes
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...financial challenges the next Administration may face, perhaps the most dangerous - and least appreciated - is deflation. The stunning decline in the price of oil gets the business headlines - and has a good-news feel as it helps cash-strapped American consumers the most - but the cost of an entire range of commodities has also plunged in the past quarter: copper, gold, nickel and steel have all fallen as global demand has weakened. One popular gauge of commodity prices, the Reuters CRB Index, tumbled 22.3% in October, the biggest drop in the index's 48-year history. (See pictures...
...says Shanghai-based independent economist Andy Xie. A financial system unable or unwilling to lend, a tapped out U.S. consumer, and business now retrenching - and laying people off - all are a formula for possible deflation. What's so wrong with declining prices? For one thing, it makes the real cost of paying off debt that much higher - and for American consumers in hock to the tune of $14 trillion, anything that makes that debt burden more onerous is anything but helpful. (Read "10 Things to Do With Your Money Right...
...Using so much water per flush unnecessarily increases the volume of our waste and the cost of its transportation and treatment, ecologists say. If you don't put waste in water in the first place, then you don't have to spend money to remove it at the back end. The process also leaves a huge carbon footprint, says Rose George, author of The Big Necessity: The Unmentionable World of Human Waste and Why it Matters. In the UK, she says, "the sewage system uses as much energy as what the largest coal fire station in the [country] produces" - about...
...reuse. In the French city of Lille, a small fleet of ten buses are also using methane, gleaned from the city's poop. And in some Indian villages, simple latrines have been built that separate waste and use it to produce compost and fertilizer at a per capita cost infinitesimally lower than any waste management budget in the West...
...Boone Pickens, would have established rebates for people purchasing automobiles fueled by natural gas or other alternative fuels; it was also defeated by some 60% of the vote. Critics pointed to Pickens' own vested interest in the natural gas market, and questioned the billions of dollars in taxpayer cost to implement such a program...