cnbc : Sales of newly built U.S. single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery.
Jim Rogers : UK will lose AAA credit rating, not buying Indian Equity
Do you think that the UK is going to lose its AAA credit rating this year?
Of course. How can they maintain the credit rating other than fixing the books, or something. The UK has staggering amounts of debt that it has taken on in the past few years.
What is your view on Indian equities? Do you still like Sri Lanka and China better?
I am not buying either China or Sri Lanka at the moment. I am not buying equities anywhere at the moment because there had been such big run ups and cheers all over the world that I am just sitting and watching.
Of course. How can they maintain the credit rating other than fixing the books, or something. The UK has staggering amounts of debt that it has taken on in the past few years.
What is your view on Indian equities? Do you still like Sri Lanka and China better?
I am not buying either China or Sri Lanka at the moment. I am not buying equities anywhere at the moment because there had been such big run ups and cheers all over the world that I am just sitting and watching.
World's greenest skyscraper
cnn : The Holy Grail of modern architecture is to design a zero-energy building, or ZEB. ZEBs use solar, wind, and geothermal systems to produce at least as much energy as they tap from the grid.
China National Tobacco, the owner, wanted a ZEB for its energy cost savings and the green cred.
Toyota's Problems and the real Cause
Forbes : The entire auto industry is frightened. It isn't about Toyota, replacing some floor mats, or shaving a bit off accelerator pedals or sticking a tiny piece of metal into brake assemblies. If those are problems, they are easy to correct. What's frightening is the ghost, the ghost in the machine. Might something in the electronic computer systems make our cars suddenly speed out of control, into some unintended acceleration?
Was Milton Friedman Right About the Euro
At the time of the euro’s launch in January 1999, Milton Friedman famously observed that the euro would not survive the first major European economic recession. The sovereign debt crisis presently engulfing Greece, Spain, and Portugal in the wake of the “Great Recession” would suggest that, in the end, Friedman will prove to have been right. It does not seem too early for U.S. policy makers to start pondering the serious international economic and geopolitical ramifications that would flow from any eventual breakup of the euro.
