Current News & Events

A lot of researches have been going on to find out the various ways to reduce global warming. One among them is the research program going on in Plymouth University in UK. Here the scientists are researching on the possible ways to use algae to remove CO2. Tests are also going on to check the use of algae as a catalyst in the extraction of bio fuels. Scientists have been successful in checking the ability of the algae to remove CO2 / turning the excess CO2 to oxygen.  read more »

This is a good email I just got:

 

Wars sending U.S. into ruin: Obama the peace president is fighting battles his country cannot afford

By Eric Margolis

Created Feb 7 2010 - 1:47pm 

U.S. President Barack Obama calls the $3.8-trillion US budget he just sent to Congress a major step in restoring America's economic health.

 In fact, it's another potent fix given to a sick patient deeply addicted to the dangerous drug -- debt. 

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On another thread, Davos said

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  - complete article link

Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system.

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Good news for homebuilders "...the price of lumber is at the highest level since mid-2008...it may carry a bullish message for
a group of stocks that relies heavily on the use of lumber. And that would be homebuilders ....DR Horton,
the country's second largest homebuilder, report the first quarterly profit since 2007.
Pending home sales also rose 1%....In fact,  the DJ Home Construction ETF (ITB )has gained 52%

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How to spend $1.5 trillion without Congressional approval

Step 1: Federal Reserve purchases $1.5 trillion in Fannie Mae and Freddie Mac securities, creating $1.5 trillion of monetary base to pay for these purchases.

Step 2: U.S. Treasury quietly announces unlimited support for Fannie Mae and Freddie Mac on December 24, 2009, exploiting a loophole in a 2008 law that was originally written to insure a maximum of $300 billion in total mortgage principal (not losses, but principal).

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Not wanting to sound like an Andy Rooney curmudgeon, but failing miserably:  I have some thoughts to share.

I have heard the phrase "we are leaving a legacy of debt for our children" at least a dozen times by various talking headst today. This angers people with small children and babies.  However to people with teenagers and grown children it's like: 

Good!  Serves the ungrateful little bastards right!

On a more serious note, that phrase is intended to tell the masses of voters:

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"The point is that running big deficits in the face of the worst economic slump since the 1930s is actually the right thing to do. If anything, deficits should be bigger than they are because the government should be doing more than it is to create jobs.

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EclippTV vid:

http://eclipptv.com/viewVideo.php?video_id=9862