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...traditionally September is known for being a lousy month for stocks, right? We've experienced in the last 25 to 30 years pretty sizable corrections in the fall, whether it's September or October. We saw it in 1929, but more recently in 1987, and in '97 and '98 as well. Even when there's not a big sell-off, it's not a good month. In fact, since 1942, September has been the most negative month in the stock-market year, exhibiting on average a 0.5% negative return. That's the seasonal pattern most people think of when heading...
With little more than three months till the U.N. summit, however, things are in doubt. To be sure, the Obama Administration is pushing for a global-warming deal, and a cap-and-trade bill that was passed by the House and is now up for debate in the Senate would finally commit the U.S. to real carbon reductions. But under the new law - if it passes - U.S. emissions would fall only 13% from 1990 levels by 2020. The European Union, meanwhile, has pledged to make cuts of 20% from 1990 levels by 2020, meaning there is still considerable daylight between...
...rare rays of light - the plug-in Volt, which GM says will get 230 miles per gallon when it hits roads in late 2010. Daimler is trialing an electric version of its baby Smart car and claims to get the equivalent of 300 m.p.g. In Japan this month, a confident Carlos Ghosn said that Nissan's upcoming, all-electric Leaf will get 367 m.p.g...
...Thursday, which is named - in a wink to the housing crisis faced by thousands of university students and young French workers - for the day France's best-known classified real estate supplement comes out. The group stages high profile squatting campaigns of empty state- and municipal-owned buildings. Last month, for example, 10 Black Thursday squatters theatrically moved out of a disused building for handicapped students they had occupied since January. That's how long it took to get municipal and Education Ministry authorities to promise that the site would be renovated and used for housing as intended...
...notice Bing. The search engine is Google's cash cow, and the firm constantly pours resources into improving it - hiring the industry's brightest and most experienced engineers, paying them handsomely and letting them work on what is effectively the world's largest data-mining project. Just this month, Google unveiled a project it calls Caffeine, a massive overhaul of its back-end infrastructure that promises to create a faster, more accurate and more comprehensive search engine. "We aren't resting," says Gabriel Stricker, a Google spokesman. "We're continuing to innovate - I'M FEELING LUCKY is getting luckier...