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Ferrari’s First Ever Hybrid is a 900 HP ROCKET

Posted by Reuters

on Tuesday, 12 March 2013 0:00

Ed Note: As soon as the Racing Car Community locks on you can expect progress in the Electric Car Realm:

Ferrari’s first-ever hybrid looks terrific

Carbon Fibre lighting, horsepower gushing forth & Wildly Expensive @ $1.3 Million…….yet every one of the 499 LaFerraris slated for production is already sold. Take that Chevy Volt!

The LaFerrari is perhaps the most electrifying debut at this year’s Geneva show, and not only because of its sleek carbon-fibre body or its top speed of more than 350 kilometres per hour (km/h).

It is one of a new breed of hyper-hybrid sports cars, combining powerful gasoline engines with electric motors.

Slated to go on sale later this year, priced from 650,000 euros, the production version of the car mates a 4.6 litre V8 engine with two electric motors – one in front and one in the rear – with a combined output of 770 horsepower and a projected top speed of more than 325 km/h.

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Ferrari CEO Luca Cordero di Montezemolo (R) talks to BillionaireTata Motors’ Chairman Ratan Tata after the presentation of the new LaFerrari hybrid car on the Ferrari stand during the first media day of 83rd Geneva Car Show at the Palexpo Arena in Geneva March 5, 2013.

Screen shot 2013-03-11 at 4.57.51 PM

Newest supercar combines V12 engine and an electric motor – Full Article HERE

 

 

 

This has to be “Hugo Chavez” Grade Goofy. So seriously Goofy….. {mp3}goofy0309goofy58{/mp3}

A quick primer on the unsustainable Bernanke math:

“If you normalize interest rates, I’m not talking about a spike, just normalize where they were before QE and took them to 5.7% federal funding costs of the debt, that’s $500 billion a year in interest expense that goes out door. We’re having a heart attack over an $85 billion sequester when we can lose $500 billion just if you normalize. The way markets work if and when that were to happen, you don’t normalize, you keep going because the market figures out that you now have a credit problem which is exactly what’s happened in the foreign nations.”

A reminder on the irrationality of bond markets and the speed at which things can change:

“The bond market is a funny thing. In Greece the bond market was perfectly fine until February of 2010. Not moving, not doing anything, and then in two weeks it was over.”

The topic of the free Fed money’s diminishing returns is well-known:

“The market is fine because you’ve got all the free money in the federal reserve. But that can only last so long. Eventually the hamster can’t move on the wheel anymore and the free money has less and less impact.”

His solution: means testing:

“Means-test people like me on social security. You realize I’ve done all right in life, okay? I’m going to start getting social security checks in five years. It’s absurd. And I’ll get the same social security checks that some people who have not done so well are. And the same thing with medicare. Raise the ages, as I pointed out earlier. When all this stuff was started, life expectancy was way below where it was now, and frankly probably the guesses on life expectancy where they are are too low. It’s not that hard.”

(Note: In Canada we already means test with Old Age Security)

Finally, on political incentives to act, or rather not:

“Congress is not getting the market signal we talked about in the article so you can scream all you want about Congress and the President being clowns, I can’t think of any political system anywhere where they acted without interest rates going up. When did Greece act? When the bond market blew up. When did Spain act? When the bond market blew up. What was Clinton’s response to Rubin, “you mean the f’ing bond market is in control.” Doing what they are doing the politicians have no incentive, but the market is a very fickle and violent thing. I don’t think it’s today, but we’ve got 3-year-old kids we’ve promised we’ll get them through college and once college is done we’ll get them a job. It’s going to happen before those kids.”

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How to Make a Million Dollars

Posted by Lee Ann Obringer and Laurie L. Dove

on Tuesday, 5 March 2013 2:04

imagesWithout knowing it, you may live next door to one. Or have one among yourFacebook friends. And with the right strategy, you could become a millionaire, too.

What, exactly, does it take to become a millionaire? If you’re like me, you may envision Scrooge McDuck swimming the backstroke across a sea of gold coins, the spoils of a charmed life. The reality, however, is that most millionaires have built their wealth through scrappy perseverance and a diverse portfolio.

Millionaires are defined in different ways. RBC Wealth Management and consulting firm Capgemini who produce the World Wealth Report say it is someone who has $1 million or more in investible assets — not including items like your primary home or consumable goods you own. On the other hand, international mega-bank Credit Suisse defines it as someone with a net worth of at least $1 million. This net worth could include the value of your primary residence, money that’s been invested in real estate or trust funds (known asnon-liquid assets), and cash, stocks or bonds (liquid assets) [source: Frank, Stern].

Using the former definition, there were 11 million millionaires in the world in 2011. Using the latter, you get 28.6 million millionaires on the planet [source: World Wealth Report, Peterson].

If you’d like to see how close you are to becoming a millionaire, figure your own net worth by adding the value of your assets: your home, its furnishings, your cars, bank accounts and investments. After you have a sum total, subtract your liabilities, which include the balance of your mortgage and car loans, credit card balances and other outstanding debts. What’s left is your net worth. (Try this online calculator to simplify the math.)

Not a millionaire yet? Don’t get discouraged. This level of wealth is attainable within a lifetime. By making smart financial decisions and following a road map that includes a few key strategies, it’s entirely possible to become a millionaire. It also means you’ll need to live beneath your means, which is a far cry from the millionaire lifestyle many of us have become conditioned to expect.

…….read points 1-6  HERE

 

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