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Remarkable!

May 25th, 2011 · No Comments

Remarkable indeed!

  1. The coming US housing boom (yes, it’s all about demographics..)
  2. Gambling with biotech stocks
  3. “I’m a romantic. I write poetry about cars, I sing to them and talk to them just like a girlfriend. I know what’s in my heart and I have no desire to change.” He added: “I’m not sick and I don’t want to hurt anyone, cars are just my preference.” Mr Smith, 57, first had sex with a car at the age of 15, and claims he has never been attracted to women or men.
  4. A new study by Deloitte confirms everyone’s worst fear (and every millionaire’s wettest dream): the wealth amassed by millionaire households is set to increase by more than 100% over the next 9 years. From a total of $92 trillion held by the world’s richest in 2011, by 2020 the world’s millionaire households will possess $202 trillion, or roughly 4 times current global GDP.
  5. About 200 companies and start-ups are now involved in research around graphene. In 2010, it was the subject of about 3,000 research papers. Said to be the strongest material ever measured, an improvement upon and a replacement for silicon and the most conductive material known to man, its properties have sent the science world – and subsequently the media – into a spin.
  6. The protest began six days ago in Madrid’s Puerta del Sol as a spontaneous sit-in by young Spaniards frustrated at 45% youth unemployment. 
  7. Did Fannie and Freddie cause the financial crisis?
  8. Five good book reviews
  9. Bob worries about the future of our country. A substantial portion of this wealth is now entering politics. Look no further that the vast expansion of the lobbying industry in Washington. There has been a massive profusion in “independent” research firms that start with a conclusion and work backwards to string together a set of facts to support it. This is how we hear that that US has the highest tax rates in the world, even though everyone cashes in on loopholes to avoid them, like General Electric (GE), which paid a 3% tax rate last year. We are informed that the oil and agriculture industries are in desperate need of tax subsidies, despite making record profits. It is also how many have been instructed to believe that spending cuts leads to job creation, that all unions are bad, and that public school teachers are a bunch of lazy, money grubbing opportunists.
  10. “It was Su 2.0,” said Jim Meck, her husband, a systems engineer. “She had rebooted.” In February 1988, a ceiling fan fell on Meck’s head. The blow erased her memory, and she awoke after a week in a coma with the mental capacity of a young child. She no longer knew her husband or her two baby sons. She barely spoke and could not read or write, walk or eat, dress or drive.
  11. China has already taken steps to head off a housing crisis, unlike the US. The People’s Bank of China has raised bank reserve requirements five times this year, now close to 20%, taking them to among the most stringent levels in the world. That is almost Canadian in its conservatism. Many banks are now demanding cash deposits of 40%, well over the official requirement of 30%. The government is in effect forcing the banks to deleverage before hard times hit. Too bad they didn’t think of that here.

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