A Wind Power Giant Arises in India

Michael Giberson From the New York Times: Suzlon has expanded rapidly as global demand for wind energy has taken off. Its sales and earnings tripled in the quarter ended June 30, as the company earned the equivalent of $41.6 million on sales of $202.4 million. The demand for wind turbines has particularly accelerated in India, … More A Wind Power Giant Arises in IndiaMore A Wind Power Giant Arises in India

The Sports Economist on Freakonomics vs. Moneyball

Michael Giberson At The Sports Economist, David Berri uses the occasion of a brief Business Week piece, “Freakonomics vs. Moneyball” to draw further attention to an article by Jahn K. Hakes and (Sports Economist blog-founder) Skip Sauer that appeared in this summer’s edition of the Journal of Economic Perspectives. In the article, Hakes and Sauer … More The Sports Economist on Freakonomics vs. MoneyballMore The Sports Economist on Freakonomics vs. Moneyball

Teamgeist Ball No Nightmare for MLS Goalkeepers

Michael Giberson In a follow-up to my World Cup posting comparing hype and data on the new Adidas Teamgeist soccer ball design, I’ve taken another look at the Major League Soccer data. You may recall that the new ball was supposed to be a striker’s dream and a goalkeeper’s nightmare. In fact, the Washington Post … More Teamgeist Ball No Nightmare for MLS GoalkeepersMore Teamgeist Ball No Nightmare for MLS Goalkeepers

Warsh on An Engine, Not a Camera

Michael Giberson Like David Warsh, I have been reading Donald McKenzie’s book, An Engine, Not a Camera: How Financial Models Shape Markets. Warsh locates it in comparison to William Poundstone’s book Fortune’s Formula and Perry Mehrling’s biography of Fischer Black, but in many respects it reminds me of nothing so much as Warsh’s own Knowledge … More Warsh on An Engine, Not a CameraMore Warsh on An Engine, Not a Camera

Why anxiety? The NYT Editorializes for Hedge Fund Regulation

Michael Giberson Predictably, in the wake of the Amaranth blow up that became public last week, a few politicians and editorialists are calling for increasing regulation of investment pools. The New York Times, despite laying out a few of the salient facts in the editorial itself and having access to other pertinent information in the … More Why anxiety? The NYT Editorializes for Hedge Fund RegulationMore Why anxiety? The NYT Editorializes for Hedge Fund Regulation

Least Surprising Sentence in Today’s Washington Post

Michael Giberson The e-mails show that, in the bureaucracy that serves Fairfax’s 1.1 million residents, a change in policy can have unintended results. Fairfax County, in an effort to weed out unneeded cars from the county’s fleet, targeted cars recording fewer than 4,500 miles per year of use. As the story relates, county employees were … More Least Surprising Sentence in Today’s Washington PostMore Least Surprising Sentence in Today’s Washington Post

Inter-Agency Task Force Misses Energy Policy Act Deadline

Michael Giberson More than a month has gone by since the one-year anniversary of the 2005 Energy Policy Act, which means that the final report to Congress of the five member inter-agency Electric Energy Market Competition Task Force is more than a month past due. The task force, composed of staffers from the Department of … More Inter-Agency Task Force Misses Energy Policy Act DeadlineMore Inter-Agency Task Force Misses Energy Policy Act Deadline

California’s Dedication to Efficiency and Conservation, II

Michael Giberson In a follow up to my post earlier in the week, I noticed this headline from the Contra Costa Times, “Utilities fall behind on green goals: State officials admit report showing conservation, use of renewable resources not on track is troublesome.” Not that California state officials aren’t dedicated, but perhaps more than dedication … More California’s Dedication to Efficiency and Conservation, IIMore California’s Dedication to Efficiency and Conservation, II

Un-hedged Hedge Fund Becomes Unhinged

Michael Giberson Speaking of “hedge” funds, how about those folks at Amaranth Advisors LLC? As of a few weeks ago, they were up to about $9 billion in assets. One 32-year old trader alone was up $2 billion for the year. Who are these financial wizards? From the Amaranth web site: Amaranth’s investment professionals deploy … More Un-hedged Hedge Fund Becomes UnhingedMore Un-hedged Hedge Fund Becomes Unhinged

Animal Spirits in Crude Oil Markets

Michael Giberson Still, the rise in oil prices from an average of $28 in 2003 has made commodity traders far superior performers than investors in the stock market. And for a while, that performance encouraged even more investors to pour even more money into oil futures. Now some of the traders themselves wonder if they … More Animal Spirits in Crude Oil MarketsMore Animal Spirits in Crude Oil Markets