Free Public Background Checks
Friday, November 21, 2008
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Free Public Records
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"The best computer is a man, and it's the only one that can be mass-produced by unskilled labor."
-- Wernher Magnus Maximilian von Braun (1912-77)
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Trading Foreign Oil For Foreign Electric Car Parts?
A rush to build electric cars could also mean a rush to get minerals that are produced in unstable parts of the world. Lithium-ion batteries require large amounts of cobalt, which comes primarily from the war-torn Democratic Republic of Congo, Tibet and Siberia. Easing dependence on foreign oil could mean increasing dependence on foreign minerals — from even less reliable trading partners than the Persian Gulf states.
Electric Car Battery Must Keep Going And Going
One of the buzzwords at the Los Angeles Auto Show is "electrification." It's a future where cars run solely on battery power. Paul Eisenstein of The Detroit Bureau, an independent auto news service, says that future is still a ways off. He tells Steve Inskeep that for electric cars to succeed, they'll need a battery that lasts for more than 100 miles before a recharge.
Will Credit Rating Agencies Be Monitored?
The G-20 last weekend committed to exercising strong oversight of credit rating agencies. Many of the financial instruments that are at the heart of the financial crisis had been given AAA ratings, meaning they were supposed to be of the highest quality. That turned out to be wrong. Will the G-20 declaration change anything?
Lending Stalls; Banks On Sidelines
Stock prices are at six-year lows. Over the past two days, the Dow Jones industrial average has lost more than 6 percent of its value. The $700 billion bailout was supposed to stabilize the financial industry and get banks lending again. But that hasn't happened yet.
Oil Prices Hovering At 3-Year Low
Oil prices dipped below $50 a barrel Thursday. That's a nearly two-thirds drop from the record high of more than $147 in July. While that may sound like pleasant news, the low price is actually a symptom of a weak economy. Since many expect the economy to drag for a year or more, oil prices likely will stay low.