Tuesday, January 29, 2008

cellulosic ethanol plant up and running!

http://www.rapidcityjournal.com/articles/2008/01/29/news/top/doc479f33ff2dd14661593082.txt

And in my beloved Black Hills! Ethanol is made from waste wood rather than corn. A much better idea, since corn is a FOOD and wood waste is, well, waste.

Wednesday, January 2, 2008

The housing collapse clearly explained!

http://news.bbc.co.uk/2/hi/business/7164898.stm

This is a very well written article where even I could understand how the banking industry fudged the rules and caused the housing collapse.
The author says that since the actual value of the collapse is about $200 billion, the effect will be equivalent to a $2 trillion loss in the marketplace. That's quite a wallop.

Happy New Year!