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<title>Minyanville - James Anderson RSS</title>
<description>
The Trusted Choice for the Wall Street Voice
</description>
<link>
		http://www.minyanville.com</link>
<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
</copyright>
		<item>
<title><![CDATA[Investors to Apple: When Will the Clever Return?]]></title>
<link>
			http://www.minyanville.com/sectors/technology/articles/apple-aapl-steve-jobs-xerox-wozniak/1/29/2013/id/47709</link>
<pubDate>
			Tue, 29 Jan 2013 09:35:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/technology/articles/apple-aapl-steve-jobs-xerox-wozniak/1/29/2013/id/47709</guid>
<description>
<![CDATA[Calling someone clever is the most important compliment you can give to anyone who&#39;s really smart. Smart is just smart. Clever means you thought up something important.  Way back in the 1970s, I was in grad school and had a full scholarship doing research for my PhD advisor.  It was a great time and I had the chance to hang out in the lab with a really smart set of folks. Like the real world, academic careers are not always fair, and the smartest guy never got into a tenure track job; he ended up working in the lab with ]]>
</description>
<content:encoded>
	<![CDATA[Calling someone clever is the most important compliment you can give to anyone who&#39;s really smart. Smart is just smart. Clever means you thought up something important.  Way back in the 1970s, I was in grad school and had a full scholarship doing research for my PhD advisor.  It was a great time and I had the chance to hang out in the lab with a really smart set of folks. Like the real world, academic careers are not always fair, and the smartest guy never got into a tenure track job; he ended up working in the lab with ]]>
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<title><![CDATA[March 'Badness': Debt Ceiling Crisis Will Be More Embarrassing Than the Fiscal Cliff]]></title>
<link>
			http://www.minyanville.com/business-news/politics-and-regulation/articles/March-2527Badness2527253A-Debt-Ceiling-Crisis-Will/1/3/2013/id/47105</link>
<pubDate>
			Thu, 3 Jan 2013 10:20:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/politics-and-regulation/articles/March-2527Badness2527253A-Debt-Ceiling-Crisis-Will/1/3/2013/id/47105</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL Beginning in March, a governing body will start a national activity that when concluded will result in only 1.47% of the participants completely happy with the end result. Around the same time another national governing body will attempt to complete an activity that when finished will probably result in an approval rating considerably lower than 1.47%

The first activity is the NCAA basketball tournament, also known as "March Madness," where only one team out of 68 can win.  The second activity will be Congress trying to overcome the debt ceiling and the sequester problem by March.  If you ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL Beginning in March, a governing body will start a national activity that when concluded will result in only 1.47% of the participants completely happy with the end result. Around the same time another national governing body will attempt to complete an activity that when finished will probably result in an approval rating considerably lower than 1.47%

The first activity is the NCAA basketball tournament, also known as "March Madness," where only one team out of 68 can win.  The second activity will be Congress trying to overcome the debt ceiling and the sequester problem by March.  If you ]]>
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<title><![CDATA[What Will Be 2012's Blind Side? China]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/european-sovereign-debt-crisis-decoupling-china/1/6/2012/id/38714</link>
<pubDate>
			Fri, 6 Jan 2012 09:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/european-sovereign-debt-crisis-decoupling-china/1/6/2012/id/38714</guid>
<description>
<![CDATA[The holiday season is over and I'm heading back home. We had the traditional Swedish Christmas Eve dinner, followed by opening presents on Christmas Eve. The kids got presents to open, but between the adults, gift giving has pretty much degenerated into the passing of gift cards which seems rather pointless. Pulling out a $100 bill and just passing it around would accomplish the same thing.
	
	I decided this year to try to break this unfortunate "new" tradition and asked my sister to buy me some books, as in actual physical paper books.  After seeing Moneyball and The Blind Side ]]>
</description>
<content:encoded>
	<![CDATA[The holiday season is over and I'm heading back home. We had the traditional Swedish Christmas Eve dinner, followed by opening presents on Christmas Eve. The kids got presents to open, but between the adults, gift giving has pretty much degenerated into the passing of gift cards which seems rather pointless. Pulling out a $100 bill and just passing it around would accomplish the same thing.
	
	I decided this year to try to break this unfortunate "new" tradition and asked my sister to buy me some books, as in actual physical paper books.  After seeing Moneyball and The Blind Side ]]>
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<title><![CDATA[Is Italy Heading for Default?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/european-debt-european-debt-crisis-debt/7/12/2011/id/35671</link>
<pubDate>
			Tue, 12 Jul 2011 08:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/european-debt-european-debt-crisis-debt/7/12/2011/id/35671</guid>
<description>
<![CDATA[Back on Sunday Zerohedge.com posted the below chart from Bloomberg, which may or may have not reposted it from another source.There are three important features to this chart. Probably the least important is the vertical scale although that has the potential to bite some institutions or hedge funds big-time. The bubbles are the size of sovereign debt by European countries. Big is bad, further right is even worse. Obviously, Greece is overleveraged and is paying the price for it now. The giant meteor in the sky is Italy. The size of the meteor is $1.8 trillion dollars of sovereign debt. ]]>
</description>
<content:encoded>
	<![CDATA[Back on Sunday Zerohedge.com posted the below chart from Bloomberg, which may or may have not reposted it from another source.There are three important features to this chart. Probably the least important is the vertical scale although that has the potential to bite some institutions or hedge funds big-time. The bubbles are the size of sovereign debt by European countries. Big is bad, further right is even worse. Obviously, Greece is overleveraged and is paying the price for it now. The giant meteor in the sky is Italy. The size of the meteor is $1.8 trillion dollars of sovereign debt. ]]>
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<title><![CDATA[Why Canada Isn't a Safe Haven]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/europe-greece-greek-debt-canadian-dollar/7/11/2011/id/35643</link>
<pubDate>
			Mon, 11 Jul 2011 10:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/europe-greece-greek-debt-canadian-dollar/7/11/2011/id/35643</guid>
<description>
<![CDATA[I've been thinking. I know, that's potentially dangerous, but I've been trying to find a place to hide as Europe's problems with Greece and now Italy make the Euro and the continent suspect. The US clearly hasn't solved the debt ceiling problem yet either. Looking elsewhere around the globe, China has an inflation problem and is starting to raise interest rates. That makes Australia dangerous because their economy is so closely tied to China. So what about Canada? It's a big oil exporter, its banks didn't blow up on subprime mortgages, and unemployment is much lower than the US. This ]]>
</description>
<content:encoded>
	<![CDATA[I've been thinking. I know, that's potentially dangerous, but I've been trying to find a place to hide as Europe's problems with Greece and now Italy make the Euro and the continent suspect. The US clearly hasn't solved the debt ceiling problem yet either. Looking elsewhere around the globe, China has an inflation problem and is starting to raise interest rates. That makes Australia dangerous because their economy is so closely tied to China. So what about Canada? It's a big oil exporter, its banks didn't blow up on subprime mortgages, and unemployment is much lower than the US. This ]]>
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<title><![CDATA[Why the US is Really Releasing Oil Reserves]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/International-Energy-Agency-Strategic-Petroleum-Reserve/6/24/2011/id/35359</link>
<pubDate>
			Fri, 24 Jun 2011 08:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/International-Energy-Agency-Strategic-Petroleum-Reserve/6/24/2011/id/35359</guid>
<description>
<![CDATA[Yesterday, the International Energy Agency (IEA) called an emergency press conference to announce that the US and its partners will release 60 million barrels of oil in the next 30 days to offset the disruption of the flow stoppage from Libya. The US will "dump" (my words) a million barrels a day from the Strategic Petroleum Reserve (SPR) into the Texas and Oklahoma markets to help alleviate global shortages.As you can see by the chart below (from the Energy Information Administration (EIA), US domestic crude oil stocks have been consistently below historical averages for the past year, well before the ]]>
</description>
<content:encoded>
	<![CDATA[Yesterday, the International Energy Agency (IEA) called an emergency press conference to announce that the US and its partners will release 60 million barrels of oil in the next 30 days to offset the disruption of the flow stoppage from Libya. The US will "dump" (my words) a million barrels a day from the Strategic Petroleum Reserve (SPR) into the Texas and Oklahoma markets to help alleviate global shortages.As you can see by the chart below (from the Energy Information Administration (EIA), US domestic crude oil stocks have been consistently below historical averages for the past year, well before the ]]>
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<title><![CDATA[Groupon and Its Carbon Footprint]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/groupon-ipo-groupon-linkedin-linkedin-ipo/6/3/2011/id/34934</link>
<pubDate>
			Fri, 3 Jun 2011 10:30:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/groupon-ipo-groupon-linkedin-linkedin-ipo/6/3/2011/id/34934</guid>
<description>
<![CDATA[The Groupon IPO has been filed and I have been waiting and ready to comment on it. I'm certainly no fan of Al Gore and the global warming camp, but I started thinking about carbon footprints as related to company business plans a while ago. I don't mean just how much fossil fuel is consumed, but rather all the carbon involved on a day-to-day basis. After all, employees are carbon based life forms. Let's focus on media, digital media, and internet companies. Starting with old media, The New York Times' (NYT) business model starts with their employee's carbon; creating proprietary ]]>
</description>
<content:encoded>
	<![CDATA[The Groupon IPO has been filed and I have been waiting and ready to comment on it. I'm certainly no fan of Al Gore and the global warming camp, but I started thinking about carbon footprints as related to company business plans a while ago. I don't mean just how much fossil fuel is consumed, but rather all the carbon involved on a day-to-day basis. After all, employees are carbon based life forms. Let's focus on media, digital media, and internet companies. Starting with old media, The New York Times' (NYT) business model starts with their employee's carbon; creating proprietary ]]>
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<title><![CDATA[What the LinkedIn IPO and Lithium Stocks Have in Common]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/linkedin-ipo-social-media-social-networking/5/23/2011/id/34705</link>
<pubDate>
			Mon, 23 May 2011 09:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/linkedin-ipo-social-media-social-networking/5/23/2011/id/34705</guid>
<description>
<![CDATA[I haven't done any OPM since 1997.  Although it clearly can have intoxicating effects leading to irrational actions, OPM is not a narcotic, it is "Other People's Money." Playing with OPM can lead to the obvious heads, "I win big with a management fee and 20% of the gains," tails "It's not my money" syndrome.  But that is not what I am driving at.  Once you commit to OPM, as soon as you achieve any reasonable amount of money under management, let's say $20 million, you can no longer play in the most exciting, riskiest, most dangerous, and most potentially ]]>
</description>
<content:encoded>
	<![CDATA[I haven't done any OPM since 1997.  Although it clearly can have intoxicating effects leading to irrational actions, OPM is not a narcotic, it is "Other People's Money." Playing with OPM can lead to the obvious heads, "I win big with a management fee and 20% of the gains," tails "It's not my money" syndrome.  But that is not what I am driving at.  Once you commit to OPM, as soon as you achieve any reasonable amount of money under management, let's say $20 million, you can no longer play in the most exciting, riskiest, most dangerous, and most potentially ]]>
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<title><![CDATA[The Next Short Term Worry for Food Prices? River Avulsion]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/grain-exports-us-exports-food-prices/5/16/2011/id/34580</link>
<pubDate>
			Mon, 16 May 2011 15:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/grain-exports-us-exports-food-prices/5/16/2011/id/34580</guid>
<description>
<![CDATA[There are an awful lot of big problems to worry about these days. The economy, the debt limit, the deficit, Social Security, Medicare, the Middle East -- the list is almost endless. But, for the next couple of weeks you can forget about those problems and focus on a new one that hopefully goes away in a couple of weeks. The new problem is something called "river avulsion," and if it happens next week it is going to be a big problem for the world with geopolitical, economic and financial implications that are likely to be extremely confusing and dangerous ]]>
</description>
<content:encoded>
	<![CDATA[There are an awful lot of big problems to worry about these days. The economy, the debt limit, the deficit, Social Security, Medicare, the Middle East -- the list is almost endless. But, for the next couple of weeks you can forget about those problems and focus on a new one that hopefully goes away in a couple of weeks. The new problem is something called "river avulsion," and if it happens next week it is going to be a big problem for the world with geopolitical, economic and financial implications that are likely to be extremely confusing and dangerous ]]>
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<title><![CDATA[The Japanese Electrical Grid: A Major Problem for Economic Recovery]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/japan-japan-economy-japan-electric-tokyo/3/28/2011/id/33590</link>
<pubDate>
			Mon, 28 Mar 2011 08:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/japan-japan-economy-japan-electric-tokyo/3/28/2011/id/33590</guid>
<description>
<![CDATA[Tokyo Electric Power Co. said Sunday it will resume implementing rolling blackouts partially Monday morning in the Kanto region, and depending on the demand situation for electricity, it may carry them out in the late afternoon and evening as well. Looking at a map, Kanto is the Tokyo metropolitan area. The earthquake was 17 days ago, and the damage in the Tokyo area was not that severe. Granted, the nuclear plants are down, but Japan isn't a very big country. Why can't power be moved from the southern/western parts of Japan to Tokyo which, in my humble opinion, seems to ]]>
</description>
<content:encoded>
	<![CDATA[Tokyo Electric Power Co. said Sunday it will resume implementing rolling blackouts partially Monday morning in the Kanto region, and depending on the demand situation for electricity, it may carry them out in the late afternoon and evening as well. Looking at a map, Kanto is the Tokyo metropolitan area. The earthquake was 17 days ago, and the damage in the Tokyo area was not that severe. Granted, the nuclear plants are down, but Japan isn't a very big country. Why can't power be moved from the southern/western parts of Japan to Tokyo which, in my humble opinion, seems to ]]>
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<title><![CDATA[Will Catastrophe in Japan Stop New Nuclear Plants in US?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/nuclear-power-nuclear-power-plant-nuclear/3/14/2011/id/33344</link>
<pubDate>
			Mon, 14 Mar 2011 13:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/nuclear-power-nuclear-power-plant-nuclear/3/14/2011/id/33344</guid>
<description>
<![CDATA[To nuke, or not to nuke. That is the question. I'm not talking about bombs, just your friendly nuclear power plant down the road. The mess in Japan is, well, a mess. But, let's step back and take a non-hysterical look at what actually happened at the nuclear power plants in Japan as the Magnitude-9 earthquake hit. Immediately as the tremors hit, the plant's automatic controls slammed the control rods into the core of the reactor and immediately stopped the fission of uranium. Paraphrasing Martha Stewart, that was a really, really good thing, because if it didn't happen, things would ]]>
</description>
<content:encoded>
	<![CDATA[To nuke, or not to nuke. That is the question. I'm not talking about bombs, just your friendly nuclear power plant down the road. The mess in Japan is, well, a mess. But, let's step back and take a non-hysterical look at what actually happened at the nuclear power plants in Japan as the Magnitude-9 earthquake hit. Immediately as the tremors hit, the plant's automatic controls slammed the control rods into the core of the reactor and immediately stopped the fission of uranium. Paraphrasing Martha Stewart, that was a really, really good thing, because if it didn't happen, things would ]]>
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<title><![CDATA[Investor's Quick Guide to What's Going on in the Middle East]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/investment-strategy-middle-east-news-libya/3/7/2011/id/33189</link>
<pubDate>
			Mon, 7 Mar 2011 09:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/investment-strategy-middle-east-news-libya/3/7/2011/id/33189</guid>
<description>
<![CDATA[I've finally had enough time to catch up on the latest disasters in the Middle East. Let me hit on some topics to give some perspective that I hope makes sense. In no particular order:No-Fly Zones: In a perfect world, stopping all military flights in Libya would be a nice humanitarian thing to do. In reality, a feasible no-fly zone requires the elimination of ground anti-aircraft defenses. After the first Gulf war, a no-fly zone was easy. We'd already bombed enough out of Iraq. There was no anti-aircraft defense left. Starting a no-fly zone in Libya without elimination of defenses ]]>
</description>
<content:encoded>
	<![CDATA[I've finally had enough time to catch up on the latest disasters in the Middle East. Let me hit on some topics to give some perspective that I hope makes sense. In no particular order:No-Fly Zones: In a perfect world, stopping all military flights in Libya would be a nice humanitarian thing to do. In reality, a feasible no-fly zone requires the elimination of ground anti-aircraft defenses. After the first Gulf war, a no-fly zone was easy. We'd already bombed enough out of Iraq. There was no anti-aircraft defense left. Starting a no-fly zone in Libya without elimination of defenses ]]>
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<title><![CDATA[Cytori: A Low Risk Stem Cell Play]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/cytori-biotech-stocks-stem-cell-stocks/3/1/2011/id/33082</link>
<pubDate>
			Tue, 1 Mar 2011 16:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/cytori-biotech-stocks-stem-cell-stocks/3/1/2011/id/33082</guid>
<description>
<![CDATA[Typically, early-stage biotech companies are considered to have a binary outcome. If successful with the first product that enters clinical trials the company moves on to raise more money through stock sales, enter a partnership with a large pharmaceutical company, or sell the company. In each case, investors do well. However, if the first product fails in its clinical trial, there is a good chance the company will run out of money and fail. Hence, it's binary -- all or nothing.Stem cell therapies have been garnering significant attention as the field of regenerative medicine starts to evolve. As one would ]]>
</description>
<content:encoded>
	<![CDATA[Typically, early-stage biotech companies are considered to have a binary outcome. If successful with the first product that enters clinical trials the company moves on to raise more money through stock sales, enter a partnership with a large pharmaceutical company, or sell the company. In each case, investors do well. However, if the first product fails in its clinical trial, there is a good chance the company will run out of money and fail. Hence, it's binary -- all or nothing.Stem cell therapies have been garnering significant attention as the field of regenerative medicine starts to evolve. As one would ]]>
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<title><![CDATA[Revolt in Egypt: Two Investment Scenarios]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/egypt-revolts-persian-gulf-revolt-in/1/31/2011/id/32499</link>
<pubDate>
			Mon, 31 Jan 2011 08:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/egypt-revolts-persian-gulf-revolt-in/1/31/2011/id/32499</guid>
<description>
<![CDATA[With regard to the events in Egypt, I am here to try to help you decide if you need to make immediate adjustments to your financial portfolio. Obviously, any thoughts that get published here could be irrelevant 10 minutes after it is posted, so I try to approach the situation through a scenario analysis. Here are my thoughts. The food riots that started and were exacerbated by QE2 have now moved beyond food costs into straight political unrest. (See also QE2 and the Commodities That Cause Riots.) The political avalanche that started in Tunisia has moved in the most dangerous ]]>
</description>
<content:encoded>
	<![CDATA[With regard to the events in Egypt, I am here to try to help you decide if you need to make immediate adjustments to your financial portfolio. Obviously, any thoughts that get published here could be irrelevant 10 minutes after it is posted, so I try to approach the situation through a scenario analysis. Here are my thoughts. The food riots that started and were exacerbated by QE2 have now moved beyond food costs into straight political unrest. (See also QE2 and the Commodities That Cause Riots.) The political avalanche that started in Tunisia has moved in the most dangerous ]]>
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<title><![CDATA[QE2 and the Commodities That Cause Riots]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/quantitative-easing-qe2-economy-stock-market/1/18/2011/id/32226</link>
<pubDate>
			Tue, 18 Jan 2011 10:50:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/quantitative-easing-qe2-economy-stock-market/1/18/2011/id/32226</guid>
<description>
<![CDATA[Here are a few jokes to start the week off right: 

A guy is traveling through the back roads of Tennessee, and he drives by a farm with a sign that says, Talking Dog, $10. Intrigued, the guy stops and asks the farmer sitting on the front porch about the dog. The farmer says that he's around back, go check him out. The guy goes out back and sees the dog. He asks, "You can talk?" The dog answers, "Yes, I can". The guy can't believe it. "Tell me your story." The dog starts talking. "Early on as a puppy ]]>
</description>
<content:encoded>
	<![CDATA[Here are a few jokes to start the week off right: 

A guy is traveling through the back roads of Tennessee, and he drives by a farm with a sign that says, Talking Dog, $10. Intrigued, the guy stops and asks the farmer sitting on the front porch about the dog. The farmer says that he's around back, go check him out. The guy goes out back and sees the dog. He asks, "You can talk?" The dog answers, "Yes, I can". The guy can't believe it. "Tell me your story." The dog starts talking. "Early on as a puppy ]]>
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<title><![CDATA[Who Killed the Hydrogen-Powered Car?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/hydrogen-car-hydrogen-department-of-energy/12/6/2010/id/31513</link>
<pubDate>
			Mon, 6 Dec 2010 08:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/hydrogen-car-hydrogen-department-of-energy/12/6/2010/id/31513</guid>
<description>
<![CDATA[Editor's Note: This article was originally published on June 8, 2009.In a perfect world, all energy would come from electricity and hydrogen. Wind, solar, tidal, geothermal, and other renewable energy sources would provide enough electricity to power everything except air transportation. The "conventional" answer to transportation in the future was the hydrogen fuel cell. It doesn't get any better than that. The fuel cell burns hydrogen and powers cars, trucks, and any other transportation vehicle. The hydrogen combines with oxygen to form water vapor. No other gases or pollutants are released. The hydrogen fuel cell is an efficient generator of ]]>
</description>
<content:encoded>
	<![CDATA[Editor's Note: This article was originally published on June 8, 2009.In a perfect world, all energy would come from electricity and hydrogen. Wind, solar, tidal, geothermal, and other renewable energy sources would provide enough electricity to power everything except air transportation. The "conventional" answer to transportation in the future was the hydrogen fuel cell. It doesn't get any better than that. The fuel cell burns hydrogen and powers cars, trucks, and any other transportation vehicle. The hydrogen combines with oxygen to form water vapor. No other gases or pollutants are released. The hydrogen fuel cell is an efficient generator of ]]>
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<title><![CDATA[QE2: Can It Be Anything But Disaster for Europe?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/ireland-bailout-european-central-bank-ecb/11/29/2010/id/31383</link>
<pubDate>
			Mon, 29 Nov 2010 10:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/ireland-bailout-european-central-bank-ecb/11/29/2010/id/31383</guid>
<description>
<![CDATA[So the Irish bailout details have come out. No Paulson bazooka, no shock and awe, just kick the can down the road. There's enough room for a Portugal can kick, but the bridge to Spain is washed out. I wonder what the European Central Bank is mulling to repair that bridge; there was no indication of a plan based on last night's release, other than the fact that banks loans are immune from any impairment.The Irish people have to step up and sacrifice so that the European banks that made bad loans to the Irish banks will not have to ]]>
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	<![CDATA[So the Irish bailout details have come out. No Paulson bazooka, no shock and awe, just kick the can down the road. There's enough room for a Portugal can kick, but the bridge to Spain is washed out. I wonder what the European Central Bank is mulling to repair that bridge; there was no indication of a plan based on last night's release, other than the fact that banks loans are immune from any impairment.The Irish people have to step up and sacrifice so that the European banks that made bad loans to the Irish banks will not have to ]]>
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<title><![CDATA[What Amount of QE2 Separates a Healthy Economy From Hyperinflation?]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/ben-bernanke-quantitative-easing-qe2-hyperinflation/11/15/2010/id/31133</link>
<pubDate>
			Mon, 15 Nov 2010 12:00:00EST
</pubDate>
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			http://www.minyanville.com/businessmarkets/articles/ben-bernanke-quantitative-easing-qe2-hyperinflation/11/15/2010/id/31133</guid>
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<![CDATA[{FLIKE} This joke is attributed to George Bernard Shaw: 

Shaw was at a party once and he told this woman that everyone would agree to do anything for money, if the price was high enough. "Surely not," she said. "Oh yes," he said. "Well, I wouldn't," she said. "Oh yes you would," he said. "For instance," he said, "would you sleep with me for... for a million pounds?" "Well," she said, "maybe for a million I would, yes." "Would you do it for 10 shillings?" said Shaw. "Certainly not!" said the woman, "What do you take me for? A prostitute?" ]]>
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	<![CDATA[{FLIKE} This joke is attributed to George Bernard Shaw: 

Shaw was at a party once and he told this woman that everyone would agree to do anything for money, if the price was high enough. "Surely not," she said. "Oh yes," he said. "Well, I wouldn't," she said. "Oh yes you would," he said. "For instance," he said, "would you sleep with me for... for a million pounds?" "Well," she said, "maybe for a million I would, yes." "Would you do it for 10 shillings?" said Shaw. "Certainly not!" said the woman, "What do you take me for? A prostitute?" ]]>
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<title><![CDATA[Tea Party Movement, QE2 Could Lead to Impeachment of Bernanke]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/quantitative-easing-qe2-david-stockman-corn/11/8/2010/id/30995</link>
<pubDate>
			Mon, 8 Nov 2010 09:20:00EST
</pubDate>
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			http://www.minyanville.com/businessmarkets/articles/quantitative-easing-qe2-david-stockman-corn/11/8/2010/id/30995</guid>
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<![CDATA[There's an old cartoon of three cavemen out in the rain. Bul is jumping up and down screaming at the weather, and the second caveman says to the third: "Everybody hates this weather, but Bul is the only one that tries to do something about it." Welcome to QE2.The Fed, in its infinite wisdom, is going Bul. It decided that it has to perform a massive inflationary program, a second round of quantitative easing (QE2). The Fed has announced its intention to buy up to $600 billion in Treasuries to force cash into the bond and stock market, which would ]]>
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	<![CDATA[There's an old cartoon of three cavemen out in the rain. Bul is jumping up and down screaming at the weather, and the second caveman says to the third: "Everybody hates this weather, but Bul is the only one that tries to do something about it." Welcome to QE2.The Fed, in its infinite wisdom, is going Bul. It decided that it has to perform a massive inflationary program, a second round of quantitative easing (QE2). The Fed has announced its intention to buy up to $600 billion in Treasuries to force cash into the bond and stock market, which would ]]>
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<title><![CDATA[Preparing for QE2: Three Possible Scenarios to Follow the Fed's Announcement]]></title>
<link>
			http://www.minyanville.com/businessmarkets/articles/quantitative-easing-fed-announcement-qe2-gold/10/25/2010/id/30745</link>
<pubDate>
			Mon, 25 Oct 2010 13:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/businessmarkets/articles/quantitative-easing-fed-announcement-qe2-gold/10/25/2010/id/30745</guid>
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<![CDATA[Next week is going to be big in terms of events and information flow. Let's go through the week:On Tuesday we have midterm elections. Based on the polls (I use realclearpolitics.com), the House race looks to be easily won by Republicans while the Democrats are likely to keep control of the Senate. I think this is fully baked into the markets, and even if the Republicans eke out a narrow victory in the Senate, Obama has the veto pen, so I doubt there will be a violent reaction Wednesday morning.At 2:15 on Wednesday, the real action will start. For the ]]>
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	<![CDATA[Next week is going to be big in terms of events and information flow. Let's go through the week:On Tuesday we have midterm elections. Based on the polls (I use realclearpolitics.com), the House race looks to be easily won by Republicans while the Democrats are likely to keep control of the Senate. I think this is fully baked into the markets, and even if the Republicans eke out a narrow victory in the Senate, Obama has the veto pen, so I doubt there will be a violent reaction Wednesday morning.At 2:15 on Wednesday, the real action will start. For the ]]>
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