A monumental failure of management.

Another piece by a respected analyst describing the cause of the economic crisis – moral hazard. Of course, it is not just America’s failure, but one that has been made globally. America’s monumental failure of management. by Henry Mintzberg in The Globe and Mail “If you always do as you always did, you will always …
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Batteries as good as petrol.

Researchers have come up with a battery design that appears to have the charactistics required for rapid charging, thus allowing fast refuelling at refuelling stations.  There may remain issues of weight and recycling but in the balance they are looking like a good energy replacement for petrol in the transport industry.  Clean too.  (Though humanity …
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Entrepreneurship

A Special Report by The Economist. While it is the big companies and their CEO’s that get the headlines and the red carpet treatment, it is the small and medium sized businesses that make up the bulk of the world’s economy.  They are the employers of most people, produce the most goods.  They also are …
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CO2 acidification of oceans threatens mass extinction of sea life

Carbon dioxide emissions from human activities are acidifying the oceans and threaten a mass extinction of sea life, warns Dr Carol Turley from Plymouth Marine Laboratory. Though it is impossible to know how marine life will cope, she fears many species will not survive. Since the Industrial Revolution, CO2 emissions have already turned the sea …
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The markets were up, but the news was bad, bad, bad

Simply, … Because Citigroup (now owned by the US government) posted a profit FTSE 100 3715.23up 172.83 4.88% Dax 3886.98up 194.95 5.28% Cac 40 2663.68up 144.39 5.73% Dow Jones 6926.49up 379.44 5.80% Nasdaq 1358.28up 89.64 7.07% BBC Global 30 4342.34up 182.62 4.40% BUT Worst crisis since 1930s says Fed IMF predicts a global recession And …
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Planet melt down is exceeding estimates.

The IPCC’s estimates of sea-level rising are now expected to be significantly exceeded according to scientists at a climate change summit. The IPCC took a conservative perspective and used old data. Today, with new data and refined models the rise in sea-level is expected to be large and soon – about 3x the IPCC estimates. …
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Legalisation is the least bad solution: stop the drug wars and save money.

How to stop the drug wars – An unusual leader for The Economist, and perhaps a bit surprising in this economic crisis.  But the arguments are sound.  In a nutshell, prohibition doesn’t work, it rewards criminals, penalises poor farmers, and costs governments much money.  Legalisation, though imperfect would save billions and allow governments to focus …
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