Author: Serkadis

  • Iowa And Minnesota Appliance Rebate Programs Are So Popular That Their Websites Crashed

    shopping shoppers retail returns line black friday sales upset sad

    A pair of government stimulus programs that launched today in the Midwest are proving so popular that the websites set up to administer them crashed.

    The programs offer rebates for consumers that turn in old appliances, such as refrigerators. They’re “Cash for Clunkers” applied to household appliances.

    The web site for Iowa’s Cash for Refrigerators program, IowaApplianceRebate.com, was down for most of the morning.  The Minnesota program’s website, mnappliancerebate.com, also crashed. Traffic there was so overwhelming that officials began to suspect a cyber-attack might have been underway.

    The logic of the appliance rebate is very similar to cash for clunkers. For a limited time, consumers can turn in refrigerators, freezers, washing machines, and dishwashers in exchange for a rebate that can be applied to the purchase of a new, energy efficient appliance. In Minnesota, you can get up to $200. In Iowa, you’ll get up to $500. Like cash for clunkers, it’s supposed to be a two-fer: better for the environment and stimulating consumer spending in a hard hit segment of the economy.

    Of course, the original cash for clunkers program also had perverse effects. Increased auto-spending seems to have hurt other market sectors that weren’t subsidized. One of the hardest businesses was home appliances. So the need for a Cash For Frig program was partially created by the cash for clunkers program. And now increased spending on appliances by cash strapped consumers could wind up socking it to non-subsidized businesses. It’s cash for clunkers all the way down.

    Both programs are funded as federal economic stimulus programs.

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  • Green Buildings Are Healthier


    Green buildings can not only improve water and energy efficiency, but also create healthy environments. The healthy working environment component of the green building movement is becoming increasingly important (and a valuable selling point). As part of its well-known “For the Greener Good” lecture series, the National Building Museum organized a panel discussion on “a Green Building is a Healthy One,” which included Gregory Kats, Senior Director and Director, Climate Change Strategies, Good Energies; Vivian Loftness, Professor, Carnegie Mellon University; Michelle Moore, Federal Environment Executive, President’s Council on Environmental Quality; and Lisa Schmitz, Director of Bank of America’s Sustainability Initiatives.

    The National Building Museum moderator kicked-off the meeting by arguing that ”working in a green building is a healthy experience.” However, little data exists to prove this. “How do we measure a building’s impact on our health?” To better understand the linkages between health care costs and working environments, researchers need to examine the impact of the built environment on health. The end goal is to get to a place where we can confidently say: “working in a green building will lower your health care costs.”

    Why invest in creating healthy working environments through green buildings?

    Lisa Schmitz, Bank of America: We initiated an internal study to determine the importance of sustainability in the workplace and found that a healthy workplace provides a competitive advantage. As employers, we can attract and retain talent more easily. In New York City, we examined One Bryant Park, one of Bank of America’s new green office buildings, in an attempt to prove what we already know. Our study looked at the population who moved into the building and recorded healthcare costs for these employees both before and after the move. We are looking at visits to doctors, prescriptions, etc.

    Gregory Kats, Good Energies: Green buildings only cost 2 percent more to construct, but reduce energy usage by 33 percent on average. In a recent survey, we worked with 100 architects and examined 350 buildings, as well as detailed data on 70 buildings. We found that the public perceives the cost of green buildings to be much higher than they actually are. In reality, this isn’t the case. The health impact is also potentially large.

    Our study found that a few dollars per square foot yields a 0.5 improvement in productivity. We are measuring productivity gains by looking at reduced sick days (and the cost of substitute staff). The more we quantify benefits, the higher they are.

    Michelle Moore, President’s Council on Environmental Quality: We seek to green government facilites. Last year, the White House Green Government Challenge final report was posted. Earlier versions of the report invited federal employees to send in their green ideas, and then vote on the best ideas. The ideas that got the highest number of votes were related to the workplace. These include green cafeterias stocked with organic, healthy, local food and making stairwells more people-friendly so people can use them instead of elevators. Additionally, workers called for offices to be put into green areas — green-supportive facilities. 

    To ensure consistency with President Obama’s transparency initiatives, we will make data sets available online. There is a federal body of knowledge that is useful for further analysis.

    Vivian Loftness, Professor, Carnegie Mellon University: The energy and water benefits of green buildings are being studied. However, we need more longitudal studies on the health benefits of working in these buildings.

    At Carnegie Mellon’s Living Lab, we are applying sensors and controls to people to determine body temperature changes when they interact with certain environments. We are lab-testing innovations in green building design including the impact of acoustics and lighting on worker performance. We’ve found faulty acoustics in open space plans can increase levels of distraction. There are also critical threshholds for light — buzzing fluorescent tubes above cubicles also distract. 

    Some offices include glazed glass sliding doors so you can be open and collaborate or focus privately. It’s about creating a balance between privacy and collaboration.

    What indicators need to be measured?

    Loftness: U.S. absenteeism rates are the lowest in the world. No one in the U.S. stays home when they are sick so it’s hard to track. However, there are classic respiratory issues, including asthma and allergies, that can be measured. There are growing rates of adult onset asthma. Are the buildings we work in doing this?

    Kats: PNC Bank is measuring employee satisfaction with their office environments. In green bank branches, employee satisfaction is at 90 percent, which is much higher than other branches.

    Particularly in green affordable housing, we can measure sickness, asthma rates — the data-set is large, and impacts high. Schools should also be examined.

    Schmitz: We’ve initiated a survey to study the health impact of work environments. While many workers who are sick don’t go to the doctor or stay home, we can ask about symptoms. In Sweden, a survey asked employees how frequently they had colds, flus, stiff necks. Through this, they can identify the buildings where people are having higher levels of health concerns. However, people may be afraid to respond to these, worrying that accurate responses could raise their healthcare coverage costs, so the surveys need to be made anonymous.

    Moore: In the health care industry, we have a potentially large data-set if we look at high performance design and hospitals. Healthy environments in hospitals have lots of potential financial impacts — faster recovery times means patients spend less time in the hospital (and spend less).  

    What is making us sick?

    Kats: The lack of daylight and buzzing old fluorescent lights.

    Loftness: Mold. If you see visible mold, you can find a correlation with asthma and allergies. In public housing, there is often water damage in the older buildings. This needs to be addressed. Increasing the amount of fresh air: In many buildings, the air is recycled and the quality of air is not sufficient. The Lawrence Berkeley Laboratory said you can triple indoor air quality and still see benefits. Daylight & View: We aren’t sure which of these is most important, but windowless offices should be made illegal in the U.S. (as they are in Germany). In a study of hospitals, they found patients in southeast-facing rooms had shorter stays. Patients in these rooms had higher melatonin production in the mornings. Views of landscape, access to nature helps.

    Getting outside for part of the day is also important. Walking under a canopy of trees has important benefits.

    Schmitz: Bad air. The air outside in New York City is pretty bad. We had to think about our building as a giant air filter. The air inside had to be 100 percent better than the air outside. Better air means a better work environment. We installed an underfloor air circulation system — it’s important how air is fed in, and each associate can control the air flow in their individual area.

    Kats:  Energy usage reductions synch up with improvements in healthy environments. Buildings that reduce energy usage by 2/3 can see a 70 percent improvement in healthy environment indicators.

    We are moving towards zero-net buildings. In the EU, they are aiming for zero-net buildings by 2019. The state government of Massachusetts and the General Services Administration (GSA) are also exploring net zero mandates. These types of green buildings can also have a price premium 40 percent higher than regular buildings.

    What about traditional building practices? Is it all about new technology?

    Loftness: In the U.S. Southwest, adobe buildings are very efficient at using passive technologies. There can be a 50 degree change in temperature during the day. Abobe buildings give you a lag — they store heat at night, and are super-efficient. I would love to be able to unplug all buildings. However, how do you quantify the value of traditional building solutions?

    Kats: How you orientate a building is important. Porches, tree shading, reducing thermal mass — these can also help.  Buildings should also use local resources.

    In smart buildings, you can harvest daylight. In terms of new technologies, you can now use iPods to control building heating and cooling and lighting remotely. Through a smart grid, you can virtually distribute energy loads.

    The solutions involve a mix of traditional and sophisticated smart practices, smart data-driven design.

    Moore: The new Morphosis-designed Federal Building in San Francisco uses all natural ventilation. It’s the first tall building in San Francisco built without air conditioning in the last 50 years.

    The Department of Defense (DOD) is also looking at net-zero housing for various military bases. Fort Hood in Texas will implement net-zero housing. Bases can be use regional place-based approaches.

    Schmitz: There is value in engineering out light switches. However, we ended up bring light switches back because people enjoy the ability to turn lights off during the day. Many people now meet in conference rooms with the lights out, relying on natural light.

    What is the impact of unhealthy buildings environments on mental health?

    Loftness: We’ve seen increased rates of anger and aggression among school children in unhealthy buildings. Noisy, over-lit environments do contribute to increased anger. Can we reduce pent-up frustration through the physical environment? This is a potential area of research.

    Are firms and developers now marketing the health aspects of green buildings?

    Kats: Most of the greenest buildings have been built by non-profit organizations and governments. Only recently are we seeing turnover in commercially available green office space. Firms may be investing more in green buildings because of three key risk elements:

    1) Energy prices are volatile. Green buildings are a risk reduction strategy.
    2) Firms may be liable for providing poor indoor air quality or impacting health. There are dangers to working in unhealthy environments. There have been lawsuits.
    3) Non-green buildings are quickly becoming obsolete. Even if a developer doesn’t believe in climate change, they can see that a non-green building could be worthless in 50 years.

    The trends are in this direction and are driving the market. By 2015, 50 percent of non-residential construction will be green.

    Loftness: The Solaire, a new development in New York City, is pricey, but has been talking up the healthy environment it’s providing its tenants. Children’s health problems have decreased in that building. Also, hospitals have also been promoting efforts at evidence-based design.

    Many industrialized countries mandate seated views in front of windows. In Germany, every worker must have access to daylight — it’s the law. The question is do we need government mandates or are market incentives enough? I think the private sector won’t do this on their own. Investment is often driven by low-cost decision-making. As a result, there is low levels of investment in physical infrastructure. Quality, long-term decision-making needs to be guided by the government.  Where is the U.S. on this?

    Moore: The Federal government owns half a million buildings across the U.S., almost 1.7 percent of the country’s building space. The Federal government can help move the market in this direction.

    Schmitz: People are increasingly making decisions on where to work based on what green building features are available. Our Human Resources department has heard these questions.

    Are epidemiologists involved in green building research?

    Loftness: Epidemiologists are involved in Carnegie Mellon research on green buildings; building field studies do involve them. However, bad building data is most often wrapped up in court cases — they are locked up so we can’t access the data and learn from our mistakes. We can instead conduct controlled lab experiments with public health specialists.

    There was one study by the CDC on land use and obesity, which demonstrated a correlation between ritalin use and depression and gated communities.

    What is the greatest bang for the buck in terms of investing in healthy office environments?

    Kats: Cleaning supplies. Stop introducing toxins into the office environment.

    Schmitz: Invest in more research. We know what’s good, but can’t prove it right now. We need to ask the tough questions.

    Loftness: Green buildings are about health as much as they are about the environment. I want to unseal our buildings. Building should use natural ventilation, passive solar heating, and coast on natural systems as much as possible.

    Image credit: Federal Building, San Francisco. Nic Lehoux, BD Online.

  • Equities Up, Commodities Up, Retail Recovering

    Currently, the Dow is up 60 points at 10,384 but is beginning to fall along with the other indices. NASDAQ Composite is up 30 points to 2268 and the S&P 500 is at 1113, up 9 points.

    Oil and gold remain flat at the moment, with oil holding at $79.64 a barrel and gold at $1119.70 an ounce. Silver is up slightly by $0.04 to $16.57 an ounce.

    Futures are green across the board, save for energy, lumber, sugar, and cocoa. Oats are having a huge day, up 4.5% to 227.75.

    Finally, the Euro was tanking earlier in the day against the US Dollar but has since rebounded and is heading upward at a pretty rapid pace.

    FUTURES NOON Mar1

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  • Volkswagen Sharan 2010

    Grata sorpresa la que nos acabamos de llevar. Se acaba de filtrar el nuevo Volkswagen Sharan 2010. Además, por si fuera poco con la información publicada, se ha dado a conocer nuevas imágenes entre las que cabe destacar una fotografía del interior del modelo.

    Volkswagen Sharan 2010

    En lo que respecta al diseño, algunos medios lo han calificado de soso aunque por mi parte creo que es una apuesta segura por parte de Volkswagen y como se puede ver no desean arriesgar nada.

    Volkswagen Sharan 2010 - 2

    En lo que respecta a la motorización, tendrá disponibles varios motores tanto de gasolina como diésel. En gasolina podremo escoger entre un 1.4 TSI de 150 CV o un 2.0 TSI de 200 CV y en diésel podremos decantarnos por un 1.9 TDi de 90 o 150 CV o un 2.0 TDi de 140 CV o un 170 CV.

    Volkswagen Sharan 2010 - 3

    Related posts:

    1. Volkswagen Sharan, Teaser disponible
    2. Volkswagen Up 2010, nueva recreación y datos
    3. Más información del Volkswagen Golf Variant
  • Guest Post: Examining the BlueAnt Q1

    I had my phase of Bluetooth headsets, as do most mobile phone users. However, my experience with them was always less than pleasant. They were either too bulky, had bad audio, or people could never hear me properly. I’m glad to say that the Q1 from BlueAnt was neither of these things.
    (more…)

  • Markets Have Never Been Normal, So Stop Blaming The Fed/China/Goldman For Your Mistakes

    cash dollars money

    An article lambasting the market effects of the infamous 'dollar carry trade' triggered us to issue this reminder -- markets are never normal.

    Markets have always been distorted in some way, it's just that the distortions change over time. Even under a gold standard markets were gamed in the past.

    Thus throwing ones hands in the air and blaming market distortions is pretty unproductive. It's like expecting intelligent debate from a political process involving 300 million people who don't even understand what's going on for each subject under discussion (on many issues, the author is included in this group). Or like going to war and then complaining about inclement weather. The blame game, or excessive focus on issues such as the dollar carry trade, is simply lazy investing.

    So if you are serious about making money, then stop blaming Bernanke/China/Goldman/What-have-you. Understand market distortions as part of the terrain and just go out there and find the best deals available for your money within the current environment. With this line of thinking, if something goes wrong then there are no scape goats allowed. Because if you expect to invest or do business without the effect of market distortions, then you're probably better off staying on the sidelines and playing chess, or becoming a rabble-rouser in politics.

    Join the conversation about this story »

  • Geneva Preview: Audi A1 e-tron is extended-range EV with Wankel rotary generator

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    2011 Audi A1 – Click above for high-res image gallery

    Audi still hasn’t released any images of its new electric A1 e-tron concept, but it has revealed some details of the car. Unlike the two previous e-tron sports car concepts that were both pure battery electric models, this one is a range-extended EV. Like the Chevrolet Volt, the A1 e-tron uses a smaller battery pack that allows it to go up to 31 miles on a single charge with no emissions.

    Once the battery is depleted, an internal combustion engine kicks in to drive a 15-kilowatt generator and keep the A1 going. However, unlike the Volt or Fisker Karma, the A1 is using a single-rotor Wankel engine to drive the generator. While Wankels are not renowned for their fuel efficiency (much the opposite in fact), in this application it could work well thanks to its high power density.

    The range with the Wankel running is bumped up by another 124 miles to a total of 155. With only a 15kW generator available to sustain the battery, it will be interesting to see how much performance is degraded in that mode. Audi claims the A1 e-tron achieves 123.8 miles per gallon (U.S.) on the draft EU standard for ER-EVs. We should have more details tomorrow, so stay tuned.

    Gallery: 2011 Audi A1

    [Source: Audi]

    Continue reading Geneva Preview: Audi A1 e-tron is extended-range EV with Wankel rotary generator

    Geneva Preview: Audi A1 e-tron is extended-range EV with Wankel rotary generator originally appeared on Autoblog on Mon, 01 Mar 2010 12:59:00 EST. Please see our terms for use of feeds.

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  • King’s College, Misericordia University and Keystone College recognized for community service

    King’s College, Misericordia University and Keystone College are among 43 Pennsylvania colleges and more than 700 colleges nationwide recognized for their commitment to volunteering, service-learning, and civic engagement.…

    The Corporation for National and Community Service oversees the Honor Roll in collaboration with the Department of Education, Department of Housing and Urban Development, Campus Compact, and the American Council on Education.…

    »Read the entire article in The Abington Journal.

  • JaegerMonkey to Give Firefox a Significant JavaScript Performance Boost

    Most browser makers tout JavaScript performance these days, at least, if they have what to brag about. Unlike most numbers and stats shoved in front of people, JavaScript performance actually matters and modern browsers have made spectacular leaps in speed to keep up with the latest powerful web apps. But since no one is si… (read more)

  • PS3 bug to be fixed within 24 hours. Hopefully.

    Sony has laid down a new target date for their fix for the crippling PS3 bug: within the next 24 hours.

  • Spy Shots: 2012 Mercedes-Benz AMG SLS roadster spotted in Affalterbach

    Filed under: , , ,

    2012 Mercedes-Benz AMG SLS Roadster – Click above for high-res image gallery

    Our man Chris Paukert had a layover in Germany this weekend on his way to the Geneva Motor Show that included a visit to the headquarters of AMG in
    Affalterbach. While there, a prototype SLS AMG Roadster made a suspiciously timed pass and pause while he and other journalists were walking around the compound. No matter the motivation, our man Paukert snagged a brace of shots and says that the droptop is expected to arrive as a 2012 model.

    Aside from the folding top in place of the upward swinging gullwing doors, not much else is expected to change. Paukert got off-the-record confirmation from a company official, however, that the roadster will not immediately receive the new twin-turbo 5.5-liter V8 that is going into the 2011 S63 sedan. Instead, it will carry over the 563-horsepower, normally aspirated 6.2-liter V8 already on sale in the coupe.

    Photos Copyright (C)2010 Chris Paukert / Weblogs, Inc.

    Spy Shots: 2012 Mercedes-Benz AMG SLS roadster spotted in Affalterbach originally appeared on Autoblog on Mon, 01 Mar 2010 12:31:00 EST. Please see our terms for use of feeds.

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  • Durbin to turn his attention to Giannoulias family’s bank

    CHICAGO (WBBM) – Senate hopeful, and state treasurer Alexi Giannoulias is preparing to answer the tough questions surrounding his family’s failing bank, according to the man who is overseeing his campaign.

    Just days before the February 2nd primary, news broke that the failing bank owned by the family of state treasurer Alexi Giannoulias had entered into an agreement with regulators to raise tens of millions of dollars in capital and to stop paying dividends to the family without prior approval.

    Giannoulias has said very little about the situation, but Senator Dick Durbin who is chairing his senate campaign said Sunday he is preparing to talk about Broadway Bank.

    The Chicago Tribune is quoting Demeterious Giannoulias, the bank’s chief executive, as saying the family must raise $85 million by the end of April to stave off government seizure.

    Read the original article from WBBM News Radio.

    Distributed via Chicago Press Release Services


  • 5,200 Australians bare all for photo shoot

    SYDNEY — About 5,200 naked people embraced each other on the steps of Sydney’s iconic Opera House on Monday for a photo shoot by Spencer Tunick.

    Tunick, who is known for his nude group photos in public spaces, posed participants for more than an hour in a variety of positions.

    “It was difficult to get the straight participants to embrace the gay participants and vice versa,” Tunick said. “So I was very happy that that last set up finally got done and everyone came together (in a) united, friendly kiss, a loving kiss in front of this great structure.”

    Nineteen-year-old student Art Rush said he was thrilled to participate.

    “I’ll never get a chance to do this again; it’s not worth being inhibited,” Rush said. “It doesn’t feel sexual, it just feels tribal, a gathering of humanity.”

    Tunick has made a name for himself with his works featuring hundreds of naked people at unusual venues.

    Tunick, who is shy and adheres to mostly black dress, prefers to be called an artist, not a photographer and refers to his work as installations.

    Read the original article on DailyHerald.com.

    Distributed via Chicago Press Release Services


  • Dear Mark: Embodied Cognition

    brainThe following reader email brought to mind a NY Times article I read a few weeks ago. The article discusses a fairly new field of research that is uncovering the surprisingly fundamental and intricate ways our bodies influence our thinking and vice-versa. We’ve discussed the mind-body connection in the past, but embodied cognition puts the relationship in a new cast. Think motion-emotion, action-thought. It’s all integrated in ways you wouldn’t expect….

    Hey Mark,

    I’ve been a PBer for a couple years now and feel better than I ever have. I’m at this point interested in digging deeper into new areas of the PB. I’m intrigued by the mental-physical connection some of your posts and book refer to. Other than the relaxation and stress influence, what kind of sway does the mind-body thing really hold? How do you suggest harnessing it? Thanks and Grok on!

    Thanks to Ben for the question this week. As he mentions, most of us are aware that our thoughts have the power to set off a chain of positive (or negative) physiological responses. But the picture is much more nuanced than meditation=good, chronic stress=bad. The field of embodied cognition is probing the connection right down to the evolutionary roots, measuring not just how one can influence the other but how the mental and physical realms largely operate as a unified, integrated recipient/responder to the outer world. Our bodies not only physically sense and move in response to external stimuli; they steer our emotional and intellectual reactions, and they subtly mirror – embody – even abstract social, cultural and intellectual concepts. Hmmm…I see some health and wellness implications coming, but first a quick rundown of the research.

    • Subjects in a Yale University study (PDF) were more likely to rate the target person as interpersonally warm if they held a hot drink in their hand and, conversely, more likely to rate the person as cold if they held an iced drink.
    • A University of Wisconsin study showed that subjects took longer to process negative statements when frowning muscles were deactivated by Botox injections.
    • A University of California, Santa Barbara study showed participants an instructional video about exercising and followed up on their efforts in the week following the video. Although all subjects were told to imagine performing the exercises during viewing, those that were instructed to walk in place while watching exercised nearly 27% longer than those who were sedentary during the video. In a follow-up scenario, women participants who were allowed to hold dental floss during flossing instruction reported flossing more times in a week than those women participants who didn’t hold dental floss during the instruction.
    • Subjects in a University of Illinois study were more successful at solving a given physics related problem when researchers instructed them to swing their arms for a short time.
    • Other research showed that students judged a book as heavier when told it was key to their studies. In subsequent scenarios, participants further confirmed the weight-importance association, in one situation by assessing foreign currency as more valuable if they held heavier clipboards while recording their responses.
    • A study recently published in Psychological Science demonstrated that participants shifted their bodies to reflect spatial metaphorical concepts by consistently leaning forward when talking about the future and reclining when recalling the past.

    This is just a sampling of the research of course. Nonetheless, it’s enough I think to illustrate the breadth and depth of the power physical cues have on our thinking. (And, again, vice versa – the power of even unconscious thought over physiology.) Kinesthetic engagement has sway over everything from emotion to learning, memory to intention. In terms of intention, the research shows that passive instruction for fitness (or much else) isn’t as effective as incorporating physical experience. In other words, to bolster people’s intention to get their bodies moving, you have to – well – get them moving to begin with. It’s important to use the connection of physical action with motivation and intention to our benefit. Next time you log onto MDA, pick up some kettlebells or do some lunges as you read.

    In this regard, maybe embodied cognition speaks to a larger lifestyle issue as well. There’s an inclination in our culture toward passive observation. Our entertainment pastimes, our communication modes as well as work setups for those of us with desk jobs leave us stuck in the “virtual” or one-dimensional experience. Like the researchers warnings about Botoxed-bounded expression, perhaps relating to the world so often through constrained means shuts off whole realms of experience and feeling. Real wellness, I believe, obliges the actualization of our physical selves. When we compartmentalize the corporeal or diminish the role of our bodies in our perception and experience, we neglect whole dimensions of fulfillment. As embodied cognition teaches us, we deny something fundamental in our nature when we diminish the inextricable connection between our physical and intellectual/emotional lives.

    Grok lived an earthy and sensual existence. He was seamlessly of the world in ways that elude us now. As the research shows us, however, the hardwiring is still there. Give the moment – whether it be a workout, a walk, a dinner with the family – not just your full attention but your full physical engagement. Apply all the senses. Be wholly physically present. Imagine what that would mean in the day to day. What would that look like? Feel like? What would you gather or gain exercising – and living – that way?

    Send me your thoughts. As always, thanks for the great questions and comments, and keep ‘em coming!

    Get Free Health Tips, Recipes and Workouts Delivered to Your Inbox

    Related posts:

    1. Dear Mark: Healthy Body Weight?
    2. Dear Mark: Gene Expression

    berkeley riotCalifornia has something new in common with Greece: citizens are taking to the streets to protest draconian budget cuts, which are the only thing keeping their government from default.

    Governor Schwarzenegger imposed massive budget cuts last year to close a $60 billion deficit. But this year's budget already has a new, $20 billion gap.

    Arnold is playing hardball, hoping D.C. will cave and give him a bailout. In the meantime, the riots are turning hot and violent at UC Berkeley.

    Check out Arnold's draconian cuts, and the violent reactions to them >

    Photo: Protesters at UC Berkeley (Anne Marie Schuler, Daily Cal)

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  • Question of the Day: Would you consider buying an electric-car in 2010/2011?

    Two of the most anticipated fuel-efficient cars of 2010 will hit showrooms by the end of this year – one being the pure electric Nissan Leaf and the other being Chevrolet Volt range-extended electric-car. While both will be available in limited quantities at first, by mid-to-late 2011, electric-cars and plug-in hybrids will become somewhat widely available.

    Yes, we know that the Tesla Roadster is available right now, but many of us don’t have over $109,000 to purchase one.

    Either way, we were wondering if you would consider buying a pure, fairly affordable, electric-car or plug-in hybrid within the next 2 years since the technology is still fairly new. Do you have any hesitations or do you think you’ll be able to go green easily without a second thought.

    Let us know your answer in the comments section after the jump.

    Click here for more news on the Nissan Leaf.

    Click here for more news on the Chevrolet Volt.

    – By: Omar Rana


  • Research Shows How Chinese Stocks Kill Unsuspecting Investors

    A new research paper called "Do All Individual Investors Lose by Trading?", written by Wei Chen, Zhuwei Li and Yongdong Shi, by shows how retail investors, who account for 90% of trade volume, are taken to the cleaner by large institutional investors on China's Shenzen stock exchange.

    They used complete trading data for all 68.4 million individual and institutional accounts and came out with some pretty damning numbers:

    In aggregate, individuals lose at an average annualized rate of 7.2% over the sample period, equaling 1.36% of China's GDP and 3% of total personal income. Sources of this loss are gross trading performance (32% of loss), broker transaction fees (34% of loss) and government transaction taxes (34% of loss). * Institutions capture part of this loss, realizing an average annualized gain of 2.63% after broker costs and government transaction taxes. Each category of institutions exhibits raw profitability.

    Institutions always win and retailers always lose:

    Chart

    To make matters worse, the most wealthy retail investor accounts perform far better than smaller accounts:

    Individuals with mid-size and large accounts (representing only 3% of individual trade value) realize an average net annualized gain of 0.57% from trading.

    We feel this has to be due to trading on inside information. Trading on inside information is pretty rampant in many emerging markets including China, and we can imagine it's an issue in Shenzen. Big players, whether they be rich individuals or institutions, tend to have inside knowledge through private company meetings. Thus we don't feel like we're going out on a limb by saying that the above research results must due to this insider problem.

    Which means that this Shenzen research sheds light on the fact that blind investors are taken to the cleaners in emerging markets, whether they realize it or not.

    So think twice before throwing money into emerging market index funds and ETFs, you're just setting yourself up to be quietly picked off over time by savvy local traders. If anything, go with an active manager with focused positions rather than index funds or even closet-indexer funds who hold giant portfolios of 'actively selected' emerging market stocks. Else you'll be just like the unsuspecting Shenzeners.

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