Greenspan sees early signs of U.S. stagflation
December 16, 2007 12:02 PM - Reuters
In an interview on ABC's "This Week with George Stephanopoulos," Greenspan said low inflation was a major contributor to economic growth and prices must be held in check.
U.S. apparel chains see slow holiday growth: report
December 16, 2007 11:31 AM - Reuters
The figures, from the retail data service of MasterCard Advisors, offer an early glimpse of how consumer spending is holding up this season, as consumers grapple with the U.S. housing slump, rising food and fuel costs and tighter credit.
Spin the meter backward: gold from green
December 15, 2007 03:58 PM - Paul Schaefer, ENN
NEW YORK - With the price of a barrel of oil remaining volatile, the price of energy is on everyone's minds. If an individual or business wanted to take charge of their energy future and decrease their monthly bills, it would make sense to allow them to do so, right? In many states they can. It's called net metering and it is a way to generate your own energy from clean sources, like solar power. And it is without the hassle of batteries and the convenience of not having to go "off the grid".
California Town Goes Solar, Collectively
December 15, 2007 02:52 PM - Paul Schaefer, ENN
FOSTER CITY, Calif. - Thirty-six families in Clovis California joined together in a group-based purchase program, which raised 215 total kilowatts of solar power. As a result of the bulk purchase, the Clovis community will save 20 percent on the market rate for solar installations, and make a positive contribution to the air quality in the Fresno area by offsetting at least 4.3 million pounds of carbon over the next 30 years -- the equivalent of 4,536 barrels of oil.
One dead, five infected with bird flu in Pakistan
December 15, 2007 12:27 PM - Alistair Scrutton, Reuters
ISLAMABAD (Reuters) - Pakistan has recorded its first human death from bird flu and five other people have been infected with the deadly H5N1 virus, the Health Ministry said on Saturday.
China rolls out own hybrid car
December 15, 2007 01:44 AM - Reuters
Mass production of the Chinese-designed car, which consumes 20 percent less fuel than ordinary cars of the same size, was launched after six years of research and development, Xinhua said late on Friday.
U.S. food inflation parallels 70s on ethanol boom
December 14, 2007 04:58 PM - Christine Stebbins, Reuters
CHICAGO (Reuters) - Rising U.S. food inflation, now a 25-year high, is reminiscent of the 1970s and will continue for the next five years due to growing world economies, increased food demand and a sharp expansion of corn-based ethanol production, a top food economist said on Friday.
"What happened in the early '70s and what is happening today is that we have moved food input price to a new plateau. Ultimately, the consumer is going to have to absorb those increased costs," said Bill Lapp, president of Advanced Economic Solutions, who on Thursday released a study that looked at food inflation data going back to the 1960s.
Alcohol sales linked to gang violence
December 14, 2007 11:00 AM - UC Riverside Newswire
Riverside, California - Gang violence that plagues communities throughout the United States may be reduced by enforcing laws that ban the sale of alcohol to underage drinkers, according to researchers at the University of California, Riverside.
Sociologist Robert Nash Parker, co-director of UCR’s Presley Center for Crime and Justice Studies, and sociology graduate students Kate Luther and Lisa Murphy (now an assistant professor of criminal justice at California State Universit, Long Beach) found a link between high rates of gang violence and high densities of alcohol outlets in a study that grew out of a 12-year gang-intervention project in Riverside, a city of more than 290,000 in Inland Southern California.
December 14, 2007 08:30 AM - Paul Smith , Triple Pundit
As a child, did you ever use a magnifying glass to barbeque ants? Sizzle flies? Burn leaves? Don't worry, we won't tell. Someone who may fall into this category has found an ingenious way to harness the sun's power to make jewelry. No, not using the latest thin-film solar innovation. No, they've what appears to be a giant magnifying glass, capable of melting glass into a pliable state, suitable for making quite lovely jewelry. You can see the process here and the resulting jewelry here.
Senate oks energy bill to cut vehicle fuel use
December 13, 2007 08:09 PM - By Tom Doggett, Reuters
WASHINGTON (Reuters) - The U.S. Senate late on Thursday approved a broad energy bill to increase the fuel efficiency of U.S. cars and trucks by Congress for the first time since 1975 and significantly boost production of renewable motor fuels like ethanol.