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Monday, February 25, 2008
Barack's Blockbuster in Akron
Obama: McCain Puts Lobbyists 'In Charge'
Sen. Barack Obama said Saturday that the The Democratic presidential hopeful also said McCain's health Jill Hazelbaker, a spokeswoman for McCain, said the Arizona Obama broadened his criticism to McCain's ties to lobbyists He takes their money and has put them in charge Obama was referring to Charlie Black pointed |
Exiting Home Sales "Slipped" 23.4%
-Median existing-home price was $201,100 in January, down 4.6% from a year ago (National average) -Total housing inventory rose 5.5%
-Existing condominium and co-op sales dropped 6.5%, and are 30.2% below the year ago levels. The median existing condo price ($220,400) is only 1.0% lower than January 2007. |
People rest in one of Nairobi's temporary shelters
Zohra Bensemra of Reuters took this photo of people from the Kikuyu tribe resting today at a temporary shelter in Nairobi's Mathare slum. They are among the thousands of Kenyans who have been displaced in recent weeks by post-election violence in Kenya. |
Foreclosures
Alan Blinder and Lawrence Summers both wrote about the problems the economy faces from foreclosures and the possible solutions Blinder looks at the possibility of reviving the New Deal-era Home Owners’ Loan Corporation. “The HOLC was established in June 1933 to help distressed families avert foreclosures by replacing mortgages that were in or near default with new ones that homeowners could afford. It did so by buying old mortgages from banks — most of which were delighted to trade them in for safe government bonds — and then issuing new loans to homeowners. in the Financial Times Summers proposes bankruptcy overhauls and more voluntary restructurings “Bankruptcy reform alone could, on some estimates, avert 500,000 foreclosures Proper support for voluntary restructurings involving interests in future appreciation should realize still greater benefits.” |
The Technology Tech Leaders Fear the Most
You know that cool Web site you found or the device that makes you more productive? Better not bring it to the office: The majority of corporate tech leaders say that these tools don’t belong in the workplace. That’s according to CIO Magazine, which found that 54% of the 311 tech leaders it surveyed said that technology designed for consumers was inappropriate for corporate use. Here are the top nine Voice-over-the-Internet software Online productivity software. This surprised us, but software like Google Apps and Zoho Digital cameras Remote storage Smartphones Social-networking Web sites. Ten percent of tech leaders are frightened by sites like MySpace and Facebook. Instant Messaging. Online chat is a large enough security threat that 11% of tech leaders said it was their biggest fear. Web-based email accounts. Gmail, Yahoo Mail and Hotmail topped the list Portable storage devices. A runaway winner, devices like USB drives were the biggest fear for 43% of tech leaders. |
Tuesday, December 18, 2007
Start-Up Sells Solar Panels at Lower-Than-Usual Cost
Write this name down and keep in mind when the IPO rolls around.
Nanosolar, a heavily financed Silicon Valley start-up whose backers include Google’s co-founders, plans to announce Tuesday that it has begun selling its innovative solar panels, which are made using a technique that is being held out as the future of solar power manufacturing.
The company, which has raised $150 million and built a 200,000-square-foot factory here, is developing a new manufacturing process that “prints” photovoltaic material on aluminum backing, a process the company says will reduce the manufacturing cost of the basic photovoltaic module by more than 80 percent.
Nanosolar, which recently hired a top manufacturing executive from I.B.M., said that it had orders for its first 18 months of manufacturing capacity. The photovoltaic panels will be made in Silicon Valley and in a second plant in Germany.
Nanosolar has focused on lowering the manufacturing cost
Nanosolar
claims to be the first solar panel manufacturer to be able to
sell solar panels for less than $1 a watt
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