Green Options

Swarzenegger is now considering releasing prisoners, shortening the school year, and legalizing marajuana.

In a wide-ranging interview with PBS’s “Nightly Business Report” on Jan. 22, Berkshire Hathaway chairman Warren Buffett addressed the economy, credit crisis, government stimulus bills, the Madoff scandal and his own investing strategy.

China-based BYD has introduced a plug-in hybrid that can be plugged into a regular electrical outlet, and achieve sixty miles on one charge.

The BYD F3DM is the first mass-produced plug-in vehicle in the world. While the car will not be available in the United States until approximately 2011, according to an article on Bloomberg.com, the release of the vehicle provides a boost for the sagging vehicle market, and for the Chinese market in particular.

The “shock” of the financial meltdown has passed, now comes, the “awe,” and with it plenty of questions. Primarily, “What’s next?” Is there another bubble brewing? What happens if millions of Americans begin to default on their credit card debt?

Overstock.com chairman and CEO Patrick Byrne, says we are less than 50% of the way through the mess, he predicted the coming of this current crisis many times before, starting 3 years ago, Watch this montage to [...]

America has money scorching a hole in her pocket.  Like many a college student with a credit card, Lady Liberty is racking up charges she knows she can’t pay when the bill comes in at the end of the month.  Her spending far exceeds her income and, by the end of 2009, the amount of money she owes will be well over 9 trillion dollars.  Were she a person, she would have no hope for early retirement, or maybe even any retirement at all.

How did America, one of the richest countries on the planet, end up in this situation?  The new documentary I.O.U.S.A. helps to answer that question.  Directed by Patrick Creadon of Wordplay fame, the film follows former US Comptroller General and CEO of the Peter G. Peterson Foundation David Walker and the Concord Coalition’s Robert L. Bixby around the country on their “Fiscal Wake-Up Tour.”  Bixby adds comic relief as they trace the history of the national debt, revealing startling facts like, the only year in US history that the federal government was ever one hundred percent debt free was 1835.