The Bottom Line
The daily Minyanville take on news, commentary and opinion from around the world:
"Today we are living through a technological revolution," writes Kevin Martin (no relation) in a Financial Times op-ed piece, Why every American should have broadband access. "Broadband and the ability to communicate at increasing speeds are increasing our productivity, helping drive our economy and affecting every aspect of daily life," he adds.
- Bottom Line: The real reason why every American should have broadband access? High-speed, uninterrupted streaming of online Pong.
Last August, New York Times columnist John Tierney placed a bet with peak oil prognosticator Matthew Simmons about the price of crude oil in 10 years, with each side putting up $5,000, according to the Asia Times. Tierney says down. Simmons says up.
- Bottom Line: In a classic case of winning the battle, but losing the war, "Congratulations Mr. Simmons! This man will show you to your money."
"With predictions that gasoline prices will soar again this summer, a new breed of tiny cars could soon grab a sizable chunk of the U.S. automobile market," according to the Washington Post.
- Bottom Line: Strengths and weakness of tiny new cars Minyanville has learned may soon be debuting:
Toyota Sciatica - Very fast, very small, very hard on the back.
Volkswagen Gesundheit - Great gas mileage, but handles poorly when pedestrians sneeze.
General Motors MTA Pass - Technically, this wallet-sized subway pass is not really a car at all, but showcases innovative GM design, also 36-month leasing available via GMAC.
Nissan Nano - 1/80,000 of the diameter of a human hair; cute, easy to park, easier to step on or lose.
Chrysler CrumbMuncher Vancycle - Part car, part van, part unicycle; fuel efficient design runs on crumbs from toddler car seats.
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