Archive for October 31st, 2008

In this video CNN’s Glenn Beck takes on the fear mongering of the global warming movement in his special “Exposed: The Climate of Fear”. Glenn Beck is very popular on CNN and this video is very easy to watch and entertaining. But it is informative as well. It does a good job of refuting Al Gore’s “Inconvenient Truth” and has several PhD scientists speaking on the subject to prove that there is no “consensus”. If you can only show one short video to a friend or relative to try to convince them that warming is not man’s fault this would probably be it.

Read Full Post »

Along with the climate change movement comes the movement for renewable energies, one of which is Ethanol–produced from corn and sugar plantations. It’s a natural alternative to petroleum and is a cleaner and cheaper fuel. The push for ethanol and similar alternative fuels is one of the fiercest lobbies especially in US politics.

Should it be? Here’s John Stossel on an ABC News Video that lays down the facts on ethanol against the near-religious clamor:

From Charles Choi’s article in Live Science:

Critical points of contention over ethanol regard whether or not creating it requires more energy than consuming it gives off. Although a great deal of energy that goes into ethanol comes from the sun, much human effort is also required when it comes to processing raw plant material to make ethanol. And there are the efforts that go along with farming and pesticide and fertilizer use.

Read the rest of his thoughts here.

Consider also the net benefits of ethanol, as against the need to allocate farmland to produce it–thus competing with food production resource. Before one cries panacea, take a second look.

Read Full Post »

Veteran interviewer Charlie Rose features legendary bond trader Michael Milken (of the 80s junk bond era) and economist and 2006 Nobel Peace Prize recipient Muhammad Yunus who founded Grameen Bank which pushed micro-credit in Bangladesh.

These two distinguished individuals share fantastic insights on the Bangladesh micro-credit experience and how lessons from self-employment are relevant to the global financial crisis and credit crunch of 2008.

A taste of some topics covered on the interview:

  • The problem caused by credit rating agencies.
  • How leverage and margin have contributed to the crisis. Also the problem with loans higher than collateral.
  • How micro-credit experience in Bangladesh translates to insights on where the global financial system went wrong.
  • What are ways forward to restore confidence in the financial system and avoiding future repeats of the crisis.
  • And much much more.

Read Full Post »