Bite of The Day: Pumped Up

May 13, 2008
Ara Shanlian Jr.

Your Own Personal Ethanol Station
Once you attain a certain stature in life, there are two things that no longer make sense—cheap liquor and expensive gas stations.
So there’s obvious appeal to the idea that you could turn cheap liquor into cheap gas in the time it takes you to down […]

Egypt Joins the Food Fights

Related Article: Food Fights in Haiti, Africa, NY
“MAHALLA EL-KOBRA, Egypt (AP) — Thousands of demonstrators angry about rising prices and stagnant salaries torched buildings, looted shops and hurled bricks at police who responded with tear gas Sunday in a northern industrial town as Egyptians staged a nationwide strike.
About 150 people were arrested and 80 were […]

Teenage Mutant Millionaires Superjam!

“Many people dream of becoming a millionaire while they are still young enough to enjoy the fruits of their labor. With approximately .13% of the world’s population attaining a net worth of $1 million, the odds are certainly against reaching millionaire status.
So how did these young people reach that goal? Four out of five amassed […]

A Bear’s Defense

Officials, Execs Defend Bear Stearns Bailout
“Federal officials and senior Wall Street executives appeared before the Senate Banking Committee Thursday to defend the controversial government bailout of the investment bank Bear Stearns. The Federal Reserve put up $30 billion to help JPMorgan Chase purchase Bear Sterns last month. The deal has come under criticism at a […]

A Current of Currency

Record Number of Food Stamp Recipients Projected
“Government officials are projecting the number of Americans receiving food stamps will reach a record twenty-eight million later this year. Over the past year, more than forty states saw the number of food stamp recipients rise. A ten percent jump in food stamp recipients was recorded in six states: […]

Are Home-Builders the Right People?

Bi-Partisan Housing Deal Slights Struggling Homeowners
“On Capitol Hill, Senate and Republican leaders have unveiled a new plan to address the nation’s housing crisis. The $15 billion measure would mostly benefit the home-building industry while offering little to millions of homeowners facing foreclosure. Lawmakers rejected proposals including allowing bankruptcy judges to modify mortgage rates in individual […]

Pop Goes the Economic Bubble

Senate to Introduce Foreclosure Assistance Bill
“On Capitol Hill, Senate lawmakers say they’re close to a deal on assistance for the millions of Americans faced with home foreclosure in the nation’s housing crisis. Senate leaders say they could introduce the bill later today. The legislation would follow widespread criticism of last month’s federal bailout of the […]

How are we supposed to make energy?

Oil Execs Asked to Justify Huge Profits at Congressional Hearing
The executives of the five biggest oil companies— Exxon Mobil, Royal Dutch Shell, BP, ConocoPhilips and Chevron—were called to testify at a congressional hearing on Tuesday. Lawmakers took them to task for making enormous profits but investing next to nothing in renewable sources of energy. They […]

Wal Mart Drops $400,000 Suit Against Employee

“After tremendous adverse publicity, retail giant Wal-Marthas announced it is dropping its effort to collect over $400,000 in healthcare reimbursement from Debbie Shank, a former employee. Debbie lost much of her memory and ability to communicate or walk in a car crash in May 2000. Her family successfully sued the trucking company involved, […]

Bite of the Day: Fossil Fools Day!

Outside the citibank headquarters in Manahattan, two people were arrested a an anti-coal protest, “criticizing Citibank’s major financial stake in the coal industry.”

The protesters, some of whom had chained themselves to the front doors and had to be sawed out by police, are demanding Citibank shift their large-scale investments in coal-fired power plants due to […]