PAY ATTENTION YOUR LIFE IS ABOUT TO CHANGE

The California Air Resources Board is about to finalize it’s AB32 Global Warming Final Solutions Act regulations. Some have stated that it will have big impacts on average people. Gasoline, for example, will certainly rise to over $4/gallon and could, over time, be double that.

Cost impacts on consumers would result from changes in energy prices. Households and small businesses that consume less energy (directly by reducing their consumption of energy or indirectly by utilizing goods and services that are produced using less energy) will be less affected by higher prices than those that consume more energy. Incentive programs available to small businesses and consumers will provide access to funds for investing in energy efficient technologies, which includes low interest loans, rebates and credits. Energy savings from efficiency improvements are likely to partially offset or fully mitigate the impact of any increase in electricity prices and could mean decreased energy bills. Most California businesses will likely pass along the cost increases to consumers in the form of slightly higher prices for their products or services.

Emphasis added. The link below will take you to a summary of the law. The public comment period ends December 16th, 2010.

Read Cap and Trade Regulation Summary.

What Brian and Ilsa Said To Their Bank: “Show Me The Note” | Zero Hedge

Rat Bastard!

On Thursday, when they spoke, the bank executive was sweetness and light—she told them that Ilsa and Brian qualified for HAMP, that they would get refinanced, that they would not have to pay the difference in mortgage of the last three months—“Your lower mortgage rate is locked in!”

And as to the $84 penalty fee, which had driven Brian in particular up the wall: It was waived.

Ilsa told me, “It was the nicest conversation we’ve ever had with a bank executive.”

The executive promised to have the papers drawn up, ready to be signed before November 1.

That’s right: November first. After dicking them around for months on end, Wells Fargo all of a sudden went from turtle-speed to light-speed—to warp-speed—boom!—just like that. They didn’t even engage thrusters, Captain—it was warp drive the instant Brian e-mailed that threat.

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Refugees United, The Social Network That’s More Important Than Facebook, Goes Mobile | Fast Company

The Mikkelsen brothers founded Refugees United after helping a close friend—a refugee from Afghanistan—track down his brother following years of separation. The brothers recognized the web’s stunning potential to empower refugees to find loved ones and form a communication network. Bringing their passion and energy to bear, the brothers reached out to form partnerships to bring their idea to life in the form of a low cost, high impact system.

 

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Special Report: The haves, the have-nots and the dreamless dead | Reuters

Wealth concentration. Pay attention. This will become the new metric.

Kapur told clients in 2005 that the United States and a handful of other economies were developing into “plutonomies” where the wealthy few powered economic growth and consumed much of its bounty, while the “multitudinous many” shared the leftovers.

Plutonomies come around only once or twice a century, he argued — 16th century Spain, 17th century Holland, the Gilded Age. The last time it happened in the United States was during the “Roaring 1920s”.

There was money to be made by buying shares of luxury companies that made toys for the rich, he told clients, suggesting a basket of stocks that included upscale retailer Burberry and luxury home builder Toll Brothers.

“When I presented this to clients, they said, ‘Okay, this is interesting because you’re telling me what happened in the 1920s is happening right now, and you obviously know what happened after 1929, right?’,” Kapur said in an interview.

His response? That can’t happen again because we know better now.

“To be perfectly honest…. I certainly didn’t think it would all melt down in 2007. I’d be lying if I said that.”

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Saudi Crackdown on Bloggers Is More Subtle, Sinister Than Mere Licenses | Fast Company

The kingdom of Saudi Arabia has a history of detainment and harassment of politics-obsessed bloggers. This includes a variety of secularists, leftists, and Islamists whose views often fall under official disfavor for a variety of reasons. Fifty-seven-year-old human rights activist and blogger Sheikh Mekhlef bin Dahham al-Shammari has been in prison since June on charges of “annoying others.” Munir al-Jassas, who frequently blogged on pro-Shiite topics, has been in prison since November of 2009.

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