Word: industriale
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When treasury secretary Tim Geithner rolled out his long-awaited plan for buying up toxic mortgage loans and securities on March 23, reaction was split. Financial markets cheered, with the Dow Jones industrial average rocketing 497 points, or 6.8%, on the day. The chattering classes mostly grumbled, with Princeton economist...
In the early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in...
A couple of hours up the road, in a non-descript industrial estate, Pi Research develops software to run wind-tunnel tests, and collects and scrutinizes the findings for Renault and a handful of other teams. Program manager John Frankham says the new limits on testing are "not necessarily bad...
4. Distract them with a big, shiny new toy If Geithner had testified before the same committee last week - as AIG CEO Edward Liddy did - he likely would've been eviscerated. Many of the "questions" for Liddy from both sides of the aisle turned into frustrated rants about how Geithner...
But could this politically backed, popularly supported solar surge spiral into eco-disaster? That's what some say is happening to the Carrisa Plains, a sparsely populated swath of arid, sunny and relatively cheap land in eastern San Luis Obispo County, where three of the world's largest solar plants...