Gasoline adjusted for inflation

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Gasoline adjusted for inflation

From Chart of the Day:

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Educational Challenges

Newmark’s Door extracts the critical quote from the NY Times article on the challenges of education in New Orleans…

“Most of the kids come from broken homes,” he said. “Their parents are dead, in jail or on drugs. You can tell the kids from two-parent homes. They’re getting straight A’s, and they are respectful.”


The local school district is asking for a mill levy overide of $14.5 million and a bond issue of $210 million. I’m not sure how you address the children from broken homes, but it sure seems like that’s the first issue to address.

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Grown man in a liberty suit!

Great video from the Longmont Times Call!

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“Something smells in this town…

and it ain’t burnt coffee.” So says commenter f.coffman on the Daily Camera website regarding the free coffee tax battle between Vic’s coffee and the city.

Another insight from f.coffman…

… “But in fact, the city is run by anal-retentive, nit-picking, petty bureaucrats who want to wrap this city in rules and regulations.”

Read his complete insightful comment here (search for f.coffman or scroll down the comments looking for the date/time of 4/28/2008, 8:58am.)

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Vic’s Coffee battling the Boulder “freebie” tax….

Vic’s coffee is fighting the City of Boulder freebie tax. I say good for them. I doubt they have a case, but the City should get rid this anti-business tax. Unfortunately, the City Council decided just last month to continue the practice.

I might attend the fundraiser…

To help offset the cost of hiring attorneys, Vic’s owners will host a legal-defense fundraiser from 4:30 to 6:30 p.m. Tuesday at their north Boulder location, 2680 North Broadway.

And you can visit their website here.

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WSJ opinion piece on Climate Change

Oops I mean’t global warming. In a WSJ opinion column (registration may be required), author Steven Hayword tries to put the goal of 80% reduction of global warming gases by 2050 into perspective.

First, this translates into approximately 1 billion metric tons, vs. the current 5.8 billion metric tons. According to Hayword, it’s been awhile since we used so little green house gases.

Were man-made carbon dioxide emissions in this country ever that low? The answer is probably yes – from historical energy data it is possible to estimate that the U.S. last emitted one billion metric tons around 1910. But in 1910, the U.S. had 92 million people, and per capita income, in current dollars, was about $6,000.

Presently, American households emit more than the nations target limit in 2050.

Consider the residential sector. At the present time, American households emit 1.2 billion tons of CO2 – 20% higher than the entire nation’s emissions must be in 2050. If households are to emit no more than their present share of CO2, emissions will have to be reduced to 204 million tons by 2050. But in 2050, there will be another 40 million residential households in the U.S.

If we all drove Priuses

Right now our cars and trucks consume about 180 billion gallons of motor fuel. To meet the 2050 target, we shall have to limit consumption of gasoline to about 31 billion gallons, unless a genuine carbon-neutral liquid fuel can be produced. (Ethanol isn’t it.) To show how unrealistic this is, if the entire nation drove nothing but Toyota Priuses in 2050, we’d still overshoot the transportation emissions target by 40%.

The goal of Boulder’s recently announcement Visionary Sustainable Energy Plan, is only for a 40% reduction in greenhouse gases, however they want to reach that by 2020. I suspect that goal is more drastic then the current 80% reduction by 2050 that both Barack and Hillary endorse.

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The United Nations keeps the corruption going

As reported by the BBC, UN peacekeeping troups have been providing arms to militia’s and smuggling ivory and gold in the Democratic Republic of Congo.

But an 18-month BBC investigation for Panorama has found evidence that:

– Pakistani peacekeepers in the eastern town of Mongbwalu were involved in the illegal trade in gold with the FNI militia, providing them with weapons to guard the perimeter of the mines

– Indian peacekeepers operating around the town of Goma had direct dealings with the militia responsible for the Rwandan genocide, now living in eastern DR Congo

– The Indians traded gold, bought drugs from the militias and flew a UN helicopter into the Virunga National Park, where they exchanged ammunition for ivory

The UN’s own 2007 investigation revealed…

It concluded that one officer had been responsible for dealing in gold – allowing traders to use UN aircraft to fly into the town, putting them up at the UN base and taking them around the town.

But the UN decided that “in the absence of corroborative evidence” its investigators “could not substantiate the allegation” that Pakistani peacekeepers supplied weapons or ammunition to the militia.

However, the BBC’s continuing investigation uncovered…

But returning to eastern DR Congo, the BBC spoke to several residents of the mining town of Mongbwalu, who said they had seen the FNI re-armed.

One former militant told our correspondent he had witnessed seven boxes of ammunition being brought from the UN camp to re-supply the FNI during a critical fire-fight.

Two FNI leaders known as “Kung-fu” and “Dragon”, who have been jailed in the capital, Kinshasa, have stated publicly that they received help from the UN.

and

The BBC managed to get into the maximum security jail and both confirmed this.

Kung Fu, whose real name is General Mateso Ninga, said: “Yes, it’s true, they did give us arms. They said it was for the security of the country. So they said to us that we would help them take care of the zone.”

and the UN denies…

Mr Doss dismissed the allegations of the militia leaders who said they had received weapons from UN troops based in the country.

“Militia leaders are militia leaders. They always have their interests,” he said. “All I can say is that this investigation didn’t confirm that.”

So who do you believe, the BBC or the UN? Although I’m no great fan, my vote goes to the BBC.

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“Going Green” Smelling like roses in Boulder County

According to a report in the Longmont Times Call, going green by implementing Boulder County’s Sustainable Energy Plan will save $445 million annually (I assume once it’s been implemented).

Not a cross word was to be reported from the unveiling of the plan at the Boulder County Courthouse. Other good things to come from the plan are:

The Boulder County Sustainable Energy Plan’s recommendations for homes, businesses and government have the potential for reducing carbon dioxide-equivalent emissions by more than 1.3 million metric tons by the year 2012, its authors have estimated, with emissions reductions growing to 3.6 million metric tons by 2020.

The plans include recommendations for local-government energy-reduction measures such as using sustainable biofuels like ethanol and biodiesel in those governments’ fleets and promoting residents’ use of such biofuels.

Biofuels aren’t inherently evil, but to date, government subsidized biofuels have been a nightmare. There is some very good research going on such as the University of Tennessee’s efforts to produce ethanol from switchgrass.

I don’t understand why we need the government to sponsor home energy audits…

Government-sponsored audits of homes and businesses would help reduce energy use and emissions, and rebates could help people afford the investments in they’d need to make to achieve those reductions.

and the plan has very aggressive, and probably unrealistic goals…

The plan, a product of two years of work by the Boulder County Consortium of Cities’ Energy Strategy Task Force, could result in a 40 percent reduction in countywide greenhouse gas emissions by 2020, in comparison to 2005 emissions levels, its authors estimate.

and Boulder County Commissioner Will Toor has obviously drunk the global warming kool-aid…

Boulder County Commissioner Will Toor said the lower energy bills that would result from renewable energy and energy-efficiency investments suggested by the sustainability plan “make real financial sense for the businesses and residents of Boulder County.”

Climate change “truly is one of the greatest challenges that our species has ever faced,” Toor said, adding that the launch of Boulder County’s sustainable energy plan is “one of the most important things I’ve ever been involved in.”

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Al misses Boulder global warming conference….

Oh darn

Vice President Al Gore has a scheduling conflict and will not attend a symposium in August planned to draw in the crowd of convention-goers who will descend upon Denver for the Democratic National Convention in August.

Interestingly enough, the sub-headline is

City hosting global warming symposium to draw in convention-goers

Oh, I thought it was to address global warming, but it appears to be a crass opportunity to make money!

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Go away in May


Chart of the Day presents a fairly compelling case to stay out of the market from May – October. Considering how poorly the last 6 months have been, it may really be time to exit the market!

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Interview with co-author of The Last Lecture

I don’t believe registration is required.

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Hard to find, “The Last Lecture”

I was wondering why Borders didn’t have “The Last Lecture” after having sent out e-mail discount offers. This April 19th Wall Street Journal article (subscription required I believe) sheds some light on things.

In a potentially costly miscalculation, the book’s publisher, Walt Disney Co.’s Hyperion, didn’t print enough copies to meet initial demand. As a result, Amazon.com Inc. is telling customers the book may not be in stock until May 7, while Barnes & Noble Inc.’s online arm is saying readers will have to wait one to two weeks to get a copy.

Turns out this could be a costly mistake…

The shortfall represents a missed opportunity for Hyperion, which paid an estimated $6 million to $7 million for the book. Buzz about a title is always strongest in the first couple of weeks after a book is published, when marketing impressions are strongest.

So far they have updated their orders twice…

Hyperion initially printed 400,000 copies of the book and shipped 330,000 to retailers. On April 2, the publisher ordered a second printing of 50,000, said Ellen Archer, president and publisher. On April 7, the day before publication, it ordered a third printing of 100,000, bringing its total to 550,000 before the sale date.

But demand is much higher than expected…

By day’s end on April 10 we had back orders for 500,000, and by the end of April 11 we had back orders for 800,000″ she says. “There is no way you can plan for this kind of phenomenon. Demand was simply meteoric.”

Now they have pulled out all the stops and 2,000,000 copies should be available by mid-May.

Fortunately for us, the wife got a copy on a shopping trip to Costco.

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Fall from fame: Auction date set

I can’t bring myself to say “fall from grace”. The auctioning of Michael Jackson’s Neverland Ranch is set for March 19th.

Jackson received word Monday from Financial Title Company, the trustee, that unless he pays off $24,525,906.61 by that date, a public auction will go forward in Santa Barbara, Calif., in front of the county courthouse.

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$800 million for open space

A new coalition named “Keep it Colorado” has some big plans.

Thousands of acres of private lands that are home to critical wildlife habitat and stunning views would be saved from development under an $800 million action plan unveiled today.

Interestingly enough, it “hopes” to raise $400 million and is “counting on” $400 million of land being donated by private owners.

Just remember, converting private land to “public” ownership takes it off the tax rolls.

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Standing in Place….

Joanne Jacobs rightfully concludes:

The U.S. is standing in place educationally and watching other
nations pass us by.

Read her posting on stagnant schools.


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Key Recommendations from Sustainable Energy Plan

Here are some key recommendations from the plan:

Conduct neighborhood energy awareness sweeps

Offer discounts on high efficiency light bulbs and residential energy audits

Develop green building codes and ordinances for new and existing residential, commercial and governmental buildings

Promote industrial combined heat and power technologies

Encourage statewide participation in the Western States Climate Initiative

Implement controls and policies to limit idling of municipal and county vehicles

Install light emitting diode (LED) traffic signals

Promote plug in hybrid vehicle-to-grid power connection

Implement a Clean Car Incentive program

Encourage adoption of a statewide Clean Car Standard

Develop a sustainable energy financing district

Maximize the use of rebate incentives for sustainable energy

Work with utilities to create energy budgets and rate structures

Create a revolving loan fund for sustainable projects

Offer “climate offsets credits” and use to build community renewable energy facilities

Implement Energy Performance Project for businesses

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Boulder County 40% emissions cut by 2020

The wonderful Boulder County Government just can’t quit coming up with ways to save the world and micromanage their domain. What a bunch of busybodies.

I’m not against reducing GHG (that would be Green House Gases) or alternative energy, but there are way too many people trying to play “bureaucrat” and “save the world” when there hasn’t been any warming in 10 years!

Also, there are many different types of technologies being developed, and guess what, the Boulder County busy bodies have very little to do with it. And people will start using them with or without their existence.

Highlights (or is it lowlights?)…

35 broad strategies…

The Boulder County Consortium of Cities (BCCC) Sustainable Energy Plan includes 35 broad strategies that county entities and/or individuals can use to reduce greenhouse gas (GHG) emissions.

and the significance of the cuts will depend on the amount of funding! Imagine that. Note to myself, continue to vote against all Boulder County tax increases. There’s a beast that needs to be starved.

Just how significant the GHG reductions will be will depend on commitments to action and funding, but a passage from the plan says the county could reduce its emissions 40 percent below 2005 levels by 2020 if the plan strategies are fully implemented.

Let’s have a cermony, attended by important people. Yippee, all the busybodies can feel good together.

The county will hold a ceremony to formally release the plan Thursday, April 24 at 4 p.m. in the Boulder County Courthouse, 1325 Pearl St. in Boulder. Visiting officials will include former state Rep. Tom Plant, now the Director of the Governor’s Energy Office, and Heidi Van Genderen, Climate Change Advisor for Gov. Bill Ritter.

You can see a draft of the plan here.

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Airline Stocks….

Once again, if the market is open (or if the trading day ends in “day”) it’s a good time to sell Airline stocks. United Airlines (UAUA) layed the egg today.

There’s a good but depressing writeup on Airline earnings at CBS Marketwatch. The article includes this almost understatement:

“Huge challenges — the combination of increased fuel prices and a softer economy are causing havoc for the airlines, particularly the weaker ones,” credit-ratings agency Egan-Jones wrote in a note downgrading AirTran’s debt

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HELOC delinquencies…

I opened the daily newsletter from Scottrade, which I never read, and it had an interesting article or two. The one that caught my attention was about the rising delinquency rate on HELOC’s.

S&P said that 9.19% of lines issued in 2005 and 11.45%of loans issued in 2006 are delinquent, up 6.49% and6.51% from February. Serious delinquencies, where lines are 90-days plus overdue or in foreclosure, shot up 8.83%and 8.75% for 2005 and 2006, respectively, representing5.3% and 6.34% of the years’ total issuance.

Yikes.

I’d give a link if I could, but it shows up in my mailbox. This might work, but you may need to be a Scottrade customer.

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