Monday, November 24, 2008

Renewables in New Hampshire

Here is a follow up story from the Concord Monitor about Amenico, a local company that is recycling restaurant cooking oil and creating new fuel from it: ["Energy startup buys tannery"]. This is what American ingenuity is all about! Congrats Tony!!

Hahahaha ... there is a deceptive headline here in Variety but the article is worth a quick read: ["Needed: Network bailout?"].
There is a whole lot wrong with the television industry right now. Like the music industry, it kinda deserves everything it gets, because of its bad management and shoddy products. Oh how the Internet has made everything crazy.
The other thing to realize here is the old adage I have tried to relay to readers and everyone I know: Economists need to learn how to subtract. Not everything goes up in this world. Things go down, as we are seeing now. But if you don't have a plan when things go down, you get caught offguard.
That is what is so puzzling about Citigroup. It is just too big to fail. I mean, when I saw the headlines about it being sold, I thought, who has enough money to buy it? And why should they get a bailout just because their stock is down 88 percent? Stock goes up; stock goes down. Let them lay off the workers and make a go of it before we bail them out. Same with the Big 3 automakers. Modify your business plan now and then we'll help you if we need to. But so long as your CEOs are getting big paychecks and flying on private jets, you don't get jack.
Look at the newspaper industry again. More than 100,000 jobs lost, about half in the last three years, the equivalent of what Citigroup is doing this month. No one is bailing out the newspapers, preserving those extremely important jobs. Not only important to those people working in them but what those service provides society. But, the newspaper busines model is changing and that industry has to adapt. No one is bailing the newspapers out. As well, new products are emerging from the ashes. There are non-profit startups, individually owned and operated entities, and even affluent investors buying and starting some of these institutions because they are interested in the important of the product. You can't say exactly the same for the automakers and the banks, but some of it might work.

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