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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (120286)5/2/2008 12:55:23 PM
From: Jim McMannisRespond to of 306849
 
Investing: Can UBS win back trust after mortgage losses?

iht.com

You can usually spot the out-of-towners at a Las Vegas poker game. They tend to dress better than the locals, and they are often the biggest losers.

In the casino that the market in mortgage-backed securities became, UBS was the most conspicuous out-of-towner. In a game in which there were few winners, the classy Swiss bank has lost $38 billion, more than any of the pure Wall Street investment houses and a sum exceeded only, and just barely, by Citigroup, a much bigger institution.



To: Peter V who wrote (120286)5/2/2008 1:00:53 PM
From: John KoligmanRead Replies (1) | Respond to of 306849
 
I was thinking the same thing after reading the piece but I don't know, I'll have to see if I can dig anything up. I did find the last few paragraphs quite revealing, if even remotely possible over the longer term it's the kind of thing that can really put a dent in oil consumption and pricing here.

Regards,
John

The plug-in car's potential to slash fuel use is dramatic. The Pacific Northwest National Laboratory found that existing U.S. power plants could meet the electricity needs of 73% of the nation's light vehicles if the vehicles were replaced by plug-ins that recharged at night. Such a huge shift could cut oil consumption by 6.2 million barrels a day, eliminating 52% of current imports.

Another study, by the Electric Power Research Institute and the Natural Resources Defense Council, concluded that electricity consumption would rise only about 8% if 60% of light vehicles in the U.S. were replaced by plug-in vehicles by 2050. That would also cut U.S. carbon-dioxide emissions by 450 million metric tons annually, equivalent to scrapping 82 million cars.

Carbon-dioxide emissions would probably fall even if coal-fired plants made the electricity, some studies have found, because they burn coal more efficiently than automobiles burn gasoline. What we're learning, says Ed Kjaer, director of electric transportation at Southern California Edison, is that "the grid is a mighty powerful tool."



To: Peter V who wrote (120286)5/2/2008 2:35:33 PM
From: Archie MeetiesRead Replies (1) | Respond to of 306849
 
nvm



To: Peter V who wrote (120286)5/3/2008 8:11:27 PM
From: John KoligmanRead Replies (1) | Respond to of 306849
 
Peter, just thumbed through the current issue of Business Week and they have an article about a guy named Ray Bell that is doing a lot of work in the area of internet enabled smart meters. Couple of companies mentioned were Gridnet, Smartpipes, and Itron. Itron from what they said is the biggest player in the meter space, although GE has made some deals with Bell. Itron is publicly traded, I don't know about the others except for GE of course.

Regards,
John