Saturday 14 November 2009

11/15 DailyFinance

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Solar glut is temporary, demand to catch up by 2012
November 14, 2009 at 7:00 pm

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The oversupply problem plaguing the solar panel industry may be coming to a close. A glut of panels caused prices to plunge this year, calling into question the future the industry, as well as the individual fortunes of manufacturers. An increase in demand from Germany is helping to consume the excess inventory on the market, according to a new report by research firm iSuppli, which should provide some support to the manufacturers.

Close to half of all solar panels manufactured this year will not be sold in 2009, iSuppli says, and it forecasts that the glut will continue until 2012. In August, the company pegged oversupply at 92% for 2009, but it recently revised the overage rate to 66%.

Continue reading Solar glut is temporary, demand to catch up by 2012

Solar glut is temporary, demand to catch up by 2012 originally appeared on DailyFinance on Sat, 14 Nov 2009 19:00:00 EST. Please see our terms for use of feeds.

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Art funds follow hopes of market recovery
November 14, 2009 at 6:00 pm

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Ask any investor, and he'll tell you the best place to enter the market is at the bottom. Buy low and sell high, right? The institutional crowd knows this lesson best, and after a rocky year in traditional financial markets, many are now drawn to what seems to be the market bottom for a more unusual asset class: art. The market for art appears to have a lot of promise, particularly given that the art market has suffered even more than the traditional domain of financiers.

With auction markets showing signs of recovery -- or at least wanting to recover -- capital is surging into funds focusing on these asset classes. In addition to the high net worth investors who have tended to invest in these assets and the specialty funds that operate in these spaces, institutional investors are showing more interest in the world's oldest media sector.

Continue reading Art funds follow hopes of market recovery

Art funds follow hopes of market recovery originally appeared on DailyFinance on Sat, 14 Nov 2009 18:00:00 EST. Please see our terms for use of feeds.

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Caribou Coffee aims at Starbucks, misses
November 14, 2009 at 5:00 pm

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It's popular, among the upstart coffee companies and the media which covers them, to portray anything that happens in the coffee world as an affront to Starbucks. And certainly, little is done in the industry without an ever-present consciousness of every move of the coffee giant. For the country's second-largest chain, Caribou Coffee (CBOU), sadly, its first TV advertisement is a volley lobbed directly at the Seattle-based leader; but misses entirely.

AdAge says of the television commercial launched Thursday, it's "an approach that pokes fun at its biggest rival, Starbucks (SBUX)." But for customers, that's hard to see. The ad shows two marionettes on a bench at the mall, drinking tiny coffee cups with circles on them (so subtly like Starbucks cups, you'd only know if you paused the commercial to stare), chatting about how "super-important" they're pretending to look. They're snobby and insufferable until an enormous cup of Caribou Coffee, topped with whipped cream and chocolate bits, sits down next to them

Continue reading Caribou Coffee aims at Starbucks, misses

Caribou Coffee aims at Starbucks, misses originally appeared on DailyFinance on Sat, 14 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

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A carbon emissions measurement plan even a dummy could run
November 14, 2009 at 4:00 pm

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As the leaders of the world prepare for the critical Copenhagen climate and environment summit in December, Michael Woelk has a message he'd like them to hear. You can't fix what you can't measure. And it won't cost that much to measure carbon emissions down to the factory smokestack. For the entire U.S., Woelk believes a carbon measurement network can be built for $300 million in less than five years. To build a global system? Less than $5 billion.

Considering that the Administration's "Cash for Clunkers" program cost over $1 billion and will have very little impact on U.S. energy consumption or carbon emissions, Woelk's proposal would seem to be one that's nearly impossible to refuse. "It's a tiny amount of money, ridiculously small" says Woelk

Continue reading A carbon emissions measurement plan even a dummy could run

A carbon emissions measurement plan even a dummy could run originally appeared on DailyFinance on Sat, 14 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

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White Collar Reset: Kidney for sale?
November 14, 2009 at 3:00 pm

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In my last installment, I entertained the notion of opening a medical marijuana store in the New York City suburb my wife and I call home. This week, while we wait for the New Jersey legislature to finalize the legality of that option and as I begin year two in what is now semi-officially the direst U.S. job market since the Great Depression, I'd like to move on to the next previously taboo plan for recapitalizing our household.

I'm considering selling one of my kidneys.

Continue reading White Collar Reset: Kidney for sale?

White Collar Reset: Kidney for sale? originally appeared on DailyFinance on Sat, 14 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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France's obesity crisis: All those croissants really do add up, after all
November 14, 2009 at 2:00 pm

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When the bestselling book French Women Don't Get Fat came out in 2004, it was yet another occasion to begrudge Gallic females, who could always say oui to pâté, brie, and crème brûlée without ever having to get their Hermès skirts altered. It didn't help that the book's author, Mireille Guiliano, was then CEO of Clicquot (as in the champagne Veuve Clicquot) and was herself fabulously thin -- and wealthy.

But was the book a hoax? A new report shows that the French are really getting fatter, just like the rest of us. Some 26% of French women are now considered overweight, and 15.1% are clinically obese, reports the survey, conducted by WPP's (WPPGY) market-research arm TNS Sofres Healthcare and Swiss pharmaceuticals giant Roche (RHHBY). Of French men, a whopping 38.5% are overweight, and 13.9% are obese. "We are going to continue to see obesity increase," study researcher Marie-Aline Charles told Le Monde. "It's like a steamship that's been launched and can't quickly be stopped."

Continue reading France's obesity crisis: All those croissants really do add up, after all

France's obesity crisis: All those croissants really do add up, after all originally appeared on DailyFinance on Sat, 14 Nov 2009 14:00:00 EST. Please see our terms for use of feeds.

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Tools and tips for navigating Medicare open enrollment
November 14, 2009 at 1:00 pm

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Sometimes it seems as if the raging debate about overhauling health-care insurance is filling all the airwaves. Easily lost in this din is that any reform wouldn't take affect until 2013, but Americans need to take steps today to ensure they're properly covered. For seniors enrolled in Medicare, that means reviewing prescription drug coverage, known as Part D, and so-called Advantage plans, private-insurance alternatives to the government-run plan, if they participate in such programs.

Known as open enrollment, the annual process starts Sunday, Nov. 15, and goes through Dec. 31. As in years past, health-policy experts advise older Americans to not assume that their current plan, which may have worked well this year, will be as effective (or even exist) next year. Further, an existing plan could cost more -- much more -- come January.

Continue reading Tools and tips for navigating Medicare open enrollment

Tools and tips for navigating Medicare open enrollment originally appeared on DailyFinance on Sat, 14 Nov 2009 13:00:00 EST. Please see our terms for use of feeds.

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Google kisses and makes up with book publishers
November 14, 2009 at 12:00 pm

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Google (GOOG), book authors and publishers had until midnight to provide a federal court with a plan to settle differences on how the search engine digitizes and charges for books. The group waited until the last minute to get its proposed settlement to the courthouse. The new agreement may address government concerns about Google's earlier settlement that gave it a virtual monopoly in the online digital book market.

Google, the Authors Guild and the Association of American Publishers, filed a new version of the methods that Google will use to create an online library. An earlier deal had been challenged for potential violations of copyright law and antitrust provisions. The entire agreement and its proposed benefits to all parties was posted on the Google website. The search company promoted that settlement by saying "Today we're delighted to announce that we've settled that lawsuit and will be working closely with these industry partners to bring even more of the world's books online. Together we'll accomplish far more than any of us could have individually, to the enduring benefit of authors, publishers, researchers and readers alike."

Continue reading Google kisses and makes up with book publishers

Google kisses and makes up with book publishers originally appeared on DailyFinance on Sat, 14 Nov 2009 12:00:00 EST. Please see our terms for use of feeds.

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Investors, beware: Audits won't protect you from the likes of Madoff
November 14, 2009 at 10:00 am

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Last week, David Friehling, the auditor who had purportedly handled Bernie Madoff's books for years, pleaded guilty to nine charges having to with his auditing work, or lack thereof. The charges included securities fraud, investment adviser fraud, false filings with the SEC and obstructing or impeding tax laws. Pointedly, the accountant denied knowing anything about Madoff's Ponzi scheme that cost investors billions.

Friehling operated Friehling & Horowitz, CPA's, P.C. as a solo practitioner and audited Bernard L. Madoff' Investment Securities from 1991 through 2008. Madoff paid Friehling a whopping $12,000 to $14,500 per month for auditing services from 2004 to 2007. Yet according to the government, Friehling didn't do much auditing. But even if he had, my experience as a fraud examiner and forensic accountant leads me to believe he might not have necessarily uncovered the fraud.

Continue reading Investors, beware: Audits won't protect you from the likes of Madoff

Investors, beware: Audits won't protect you from the likes of Madoff originally appeared on DailyFinance on Sat, 14 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.

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