Slime you can believe in. Now who can argue with that?
Exxon is investing millions in developing algae strains that serve two functions:
suck up CO2
excrete oil
On Tuesday, Exxon plans to announce an investment of $600 million in producing liquid transportation fuels from algae — organisms in water that range from pond scum to seaweed. The biofuel effort involves a partnership with Synthetic Genomics, a biotechnology company founded by the genomics pioneer J. Craig Venter.
The agreement could plug a major gap in the strategy of Exxon, the world’s largest and richest publicly traded oil company, which has been criticized by environmental groups for dismissing concerns about global warming in the past and its reluctance to develop renewable fuels.
Seriously. Here is a Google trends report on unemployment statistics.
Google trends is the frequency and amounts of particular search terms in Google. Aha, so what people search for now is.
Anybody else see an issue here, namely search terms do not necessarily mean the truth of someone looking for a job or how to file for unemployment?
It's too "what people believe" vs. what is really happening on the ground and most importantly, search words put into Google are assuredly not established as an economic indicator.
Yet, Larry Summers literally quoted Google Trends, claiming the economy is no longer in free fall simply because people stopped searching on economic depression.
As mentioned previously in something wicked this way comes, the New York Times gives a nanosecond blow by blow on the trading of Broadcom. High frequency traders can literally ascertain a stock trend, buy and sell shares in faster time than all of those little guys doing online trades from PCs. No surprise there that execution time could be manipulated, especially with multiple servers, the number of hops into the actual exchanges, and more of the more dubious routing and network traffic algorithm analysis possibilities.
Such technological wars have netted:
High-frequency traders generated about $21 billion in profits last year, the Tabb Group, a research firm, estimates.
Even phrases like the buck stops here are inflated these days. Senator Chuck Grassley wants to reduce government waste in the $10 Billion a day government spending and is calling for a new super inspector general.
Under the Inspector General Act of 1978, today nearly 70 IGs provide audit and investigative oversight throughout the federal government. The IG community itself is huge. The seven largest IG offices alone cost taxpayers almost $1 billion a year.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
This weeks videos are an economics lecture on America's Bubble Economy and a BBC documentary on how the super rich use other people's money to ....create bubbles. (Scroll down to see both videos.)
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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