Credit Default Swaps

Quoted: we don't understand the difference between real work -- real economic activity -- and something that's essentially wasting. -- Christopher Whalen

Quoted: Stimulus options should be tested first : The IRS says tax rebates will start going out on May 2. Commentator and behavioral economist Dan Ariely says the government might not realize it, but the way we get our cash will affect the way we spend it.

& when am I going to have time to read all this. Will someone else read and fave 'em.

Quoted: Television Trust for the Environment's website for the environmental issues report on BBC World Earth Report.

Quoted: Congress has rarely granted anything like that before, but in this case, the legislation would prevent a small Texas company from collecting damages from banks for infringing on a patent -- in this case, a patent for scanning and archiving checks. Banks use a system that does this sort of thing all the time to process more than 40 billion checks a year.

Short story. Lacks completeness.

Quoted: Cargill pauses plans for ethanol plant : Cargill is suspending construction of a $200 million ethanol plant outside Topeka, Kan. The agribusiness giant says market conditions for ethanol are deteriorating. Jeremy Hobson reports.
Duke Energy Professor Richard Newell
John Skelley, who operates an ethanol plant in Arizona.
Spokesman Bill Brady: The cost of corn is high. The cost of infrastructure to build ethanol plants is much higher than it was, and the price that you can get for a gallon of ethanol is not enough. The numbers don't crunch, basically.

good news day?

Quoted: Whatever happened to Netscape? : At one time Netscape, one of the first Web browsers, was unparalleled in its popularity. Now it's all but forgotten and AOL's going to pull the plug on it. Lisa Napoli reports on Netscape's noteworthy history.

Desalination - water at three times the cost. From Marketplace Sustainability desk.

Is he right?

Quoted: Cool the globalization rhetoric : Globalization is turning into a hot-button issue for both Democratic and Republican presidential candidates. But commentator Paul Krugman says its effects on the U.S. economy are overblown.