Eco Factor: Concept bike generates electricity while keeping you fit. Earlier we saw the “Scarab” concept car that we thought was designed for the next James Bond flick. Now we have the Grasshopper bike that too comes from the design house of David Gonçalves. This designer bike does much more than keeping your fit and saving some cash you would have spent on fuel for your car – It generates electricity through regenerative braking and stationary bicycling. The aim of the design is to satisfy those who love to bike in normal everyday life. The Dark Side: We appreciate...
The day when we would be using machines that won’t be powered by the little socket somewhere in the wall is still a couple of decades away. But this does not keep some designers and inventors from thinking that the calories burnt during exercising can solve the energy crisis to some extent by powering daily use machines with pedal-power. These machines not only serve the purpose they are actually built for but they also reduce the number of hours you spend in a gymnasium. Here we have compiled a list of ten awesome machines that are powered by nothing...
Filed under: Law, Bank of America (BAC), Housing Everyone cheered when Countrywide Financial, owned by Bank of America (NYSE: BAC), agreed to modify loans under a settlement with 11 state attorneys general reached in October. Everyone, that is, except the people who held those mortgages and stood to lose hundreds of millions of dollars as a result of slashed balances and reduced interest rates. So Greenwich Financial Services has filed a lawsuit in a New York state court, arguing that Countrywide does not have the right to unilaterally modify as many as 400,000 loans. “Loan modifications have been occurring...
Filed under: Rants and raves, General Electric (GE), Berkshire Hathaway (BRK.A), Goldman Sachs Group (GS), Chasing Value, Best Stocks for 2008 It was only seven weeks ago that I posted Chasing Value: Considering Berkshire Hathaway… again. At the time, Berkshire Hathaway (NYSE: BRK.B) was trading around $3,850 for the “B” shares. Well, I think the time for consideration is over and this morning I placed a limit order for the stock. I think the time is right when stories like Berkshire Hathaway at Lowest Close Since Feb. 2007 and my colleague Peter Cohan’s Warren Buffett is not perfect are...