07/05/2010 – 7:15 am PDT | No Comment

I was fortunate to have the opportunity to clarify a point about CGT policy with Edward Troup during the Oxford University Centre for Business Taxation annual conference on Friday.
Ed is Managing Director of the Budget …

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Watch the White House Fourth of July Celebration Live
07/04/2010 – 2:06 pm PDT | No Comment

[Ed. Note. In case you missed it, watch First Lady Michelle Obama’s video message about supporting our military families on Independence Day and read a blog post by Dr. Jill Biden who is celebrating the Fourth of ...

Celebrating the Fourth of July with Our Troops in Iraq
07/04/2010 – 11:54 am PDT | No Comment

Vice President Joe Biden, center, congratulates a soldier on becoming a U.S. citizen during a naturalization ceremony in Al Faw Palace on Camp Victory, Iraq. Biden’s wife, Dr. Jill Biden, and Army Gen. …

U.S. Stock Market Forecast: Take Cover
07/04/2010 – 11:06 am PDT | No Comment

With the stock market lurching again, plenty of investors are nervous, and some are downright bearish. Then there’s Robert Prechter, the market forecaster and social theorist, who is in another league entirely.
Mr. Prechter …

Toyota Announces Another Lexus Recall
07/04/2010 – 11:05 am PDT | No Comment

All the vehicles involved are Lexus sedans with V8 or V6 engines. Models that could be involved in the recall are model year 2007 and 2008. Approximately 137,000 vehicles are potentially affected in the …

Trichet Reiterates Austerity Message; Germany Plans More Borrowing Cuts; Will the Treasury Rally Last?
07/04/2010 – 10:48 am PDT | No Comment

Once again and with greater force, Europe has snubbed its nose (and rightfully so) the Keynesian clowns in US academia and the Obama administration.
Bloomberg reports Trichet Calls on EU Governments to Reduce Budget Deficits to …

Fiat’s 1.4 MultiAir Engine wins Best New Engine of 2010 Award
07/04/2010 – 10:35 am PDT | No Comment

The FPT 1.4 four-cylinder engine combines MultiAir, the electro-hydraulic management of the inlet valves, with a turbocharger, setting new efficiency standards.
Developed and manufactured by FPT – Fiat Powertrain Technologies – the 1.4 …

Myths of Austerity?
07/04/2010 – 9:45 am PDT | No Comment

I want to follow-up on an article Paul Krugman published a few days ago in the NYT, Myths of Austerity:

When I was young and naïve, I believed that important people took positions based on …

Report: Itochu To Join Lithium Extraction Project in California
07/04/2010 – 8:55 am PDT | No Comment

The Nikkei reports that Itochu Corp. is participating in a project to extract lithium from the produced water from geothermal power generation at a site in California.
Itochu has taken a roughly 20% stake in Simbol …

NC State Researchers Developing Ozonolysis Pretreatment for Energy Grass Feedstocks
07/04/2010 – 8:40 am PDT | No Comment

Researchers at North Carolina State University are developing an ozone-based pre-treatment technique (ozonolysis) to release sugars from the energy grass miscanthus for production into renewable fuels or chemicals with minimal generation of chemical waste streams …

Aeristech Secures £500,000 to Support Development of Electromechanical Turbocharger
07/04/2010 – 7:45 am PDT | No Comment

Aeristech HTT system. Source: Aeristech. Click to enlarge.

UK-based Aeristech Ltd, recently secured £500,000 (US$760,000) with help from Oxford Investment Opportunity Network (OION), to further the development of its Hybrid Turbocharger Technology (HTT), a electromechanical …