A New York Times Editorial looks at what happens when you mix cheap gas with fuel efficient cars.
The multibillion-dollar aid package for Detroit’s carmakers approved by the White House (with Mr. Obama’s support) fails to address one crucial question: Who will buy all the fuel-efficient cars that Detroit carmakers are supposed to make?

Buy Nothing Day is only a few weeks away, but perhaps we should skip it this year, as we are already in the middle of a buy nothing season. According to the Wall Street Journal, nobody is doing much shopping these days. "It's definitely all of a sudden very cool to be cheap," says one former serious shopper. It happens every recession, but they suggest that this one combines economics with the environment.

MEMO: You own the Housing industry now, Here is what you should do with it.

Now that the United States Government owns all the mortgages, the guarantors of the mortgages, and the reinsurer of all the insurers, and possibly pretty soon $700 billion worth of foreclosed houses, what should you do with it?

George Monbiot wrote in the Guardian almost exactly a year ago that a recession might not be a bad thing, and that perhaps there can be too much growth. He also wondered if we all have enough cars and cellphones, and don't need to keep making them. Perhaps he should be careful what he wishes for.

...

A nice mash up of our joke of a President as the Joker from The Dark Knight. Mixes up the Bailout with Batman.
original news source

photo: Zach Rathore

A study by California's Air Resources Board released this week reported that continuing to reduce the state's greenhouse gases would both boost the state economy and Californians' income. More below the fold....