Fed May Have Aggravated Income Inequality, El-Erian Says / Rich Miller, Bloomberg.com
“The unusual activism of central banks may, at the margin, have worsened further wealth distribution,” said El-Erian, whose company is manager of the world’s largest bond fund. “To the extent that such policy activism succeeds in bolstering asset values, but not the real economy, the rich benefit disproportionately.”
Solar panel made with ion cannon is cheap enough to challenge fossil fuels – extremetech.com
“When all’s said and done, if you buy Twin Creeks’ equipment, it is promising a cost of around 40 cents per watt, about half the cost of panels currently coming out of China (where the vast majority of solar panels are made). At that price, solar power begins to encroach on standard, mostly-hydrocarbon-derived grid power — but, of course, we still need to create batteries that can store solar power over night.”
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