It seems as though French Special Forces have drawn blood against Somali pirates off the coast of the semi-autonomous region of Puntland. Nine suspected pirates have been apprehended in the Gulf of Aden and face possible punishment from local authorities.
Read the article, via BBC.
Rising gas prices, increasing environmental concern, and a seemingly obese nation have all contributed to increases in demand for our more humble modus operandi, the bicycle. Unlike most industries bicycle manufacturing has to an effect zero barriers of entry, and as a result maintains one of the most competitive and innovative market environments. Read the article, via Economist.
Bicycle and car production grew pretty much in tandem in the two decades beginning in 1950. But since 1970 bike production has nearly quadrupled while car production has roughly doubled.
The government is looking for an agreement that would not involve public money.
Recent discussions amongst Lehman Brothers, the Federal Reserve, and Treasury Department in regards to actively selling the financial giant.
And I don’t see where anything has really changed in the last few days to make Lehman a $4 stock versus a $20 stock. So what we’re dealing with, I think, is less fundamentals than fear,” Paulsen said. “It’s spooky because I’m not sure anyone has an answer as to how you’d end it.”
Casual Appearance 