Researchers from University of Illinois conducted a study and found that grass that grows all year round will yield more ethanol output and lesser greenhouse gases emissions. The least productive farmlands in many parts of the United States are planted with corn used for ethanol production. Grasses like miscanthus, a hybrid grass used in Western Europe and switchgrass, which is native in the United States.
Rising carbon dioxide levels are affecting not just the planet’s climate but also its water cycle as scientists have found that plants’ ability to release water vapor is decreasing. cientists from Indiana University Bloomington and Utrecht University in Netherlands released a recent study where they found that the density of stomata or pores on plants’ leaves has dwindled by 34 percent.
Hybrid and electric vehicles, biofuels settle at middle places
This may have been Black Friday for the retailers, but the shortened Friday session felt like a Red Friday for investors. Continuing concern about Irish banks, Portuguese debt, and tension in Korea all weighed on investors. The National Federation of Retailers predicted some 138 million shoppers will be trolling for bargains this weekend, up from 134 million last year. The U.S. dollar continues to gain strength against the euro, the yen, and the British pound. Here are the unofficial closing bell levels:
A situation rapidly taking shape on the West Coast may signal coming product changes for McDonald’s Corp. (MCD). Investors however, appear to be rallying behind the perennial favorite, with shares of McDonald’s trading up almost 1.25% as of this writing.
The issue stems from health concerns that are being voiced by local governments in California and possibly elsewhere. The assertion is that McDonald’s Happy Meals, which are marketed towards children by the use of free toy giveaways, contain unacceptably high levels of sugars, sodium, and fats. Local politicians are forwarding the proposition that they shall ban McDonald’s use of toys as a marketing tool if the company doesn’t change the Happy Meal offering.
It really wasn’t a very good news day for stocks, but the market was flat anyway. The University of Michigan consumer index hit a one year low, which was not expected. It dropped to 66.6 in September from 68.9 last month. Consensus estimates were for the number to be 70.
Consumer inflation literally dropped to zero, once food and energy were factored out. There has not been much talk about deflation recently, but when price pressure dissipates, the specter appears.
Today’s closing bell numbers:
Dow Jones 10,607.85 +13.02 (0.12%)
S&P 500 1,125.59 +0.93 (0.08%)
Nasdaq 2,315.61 +12.36 (0.54%)
European Union (EU) banks are relying less on state aid, a sign that the financial sector is returning to normal after it was hit by the financial crisis, the European Commission said in a report last Thursday.
The EU’s executive arm said it has so far approved state aid measures put forward by member states amid [...]
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