Our favorite charity-worker Bill Gates has successfully signed up 38 billionaires to give away half of their wealth to those less fortunate, in what could be the largest-scale philanthropic work ever.
Together with Warren Buffett, their “The Giving Pledge” project nabbed Larry Ellison (founder of Oracle), George Lucas, New York Mayor Michael Bloomberg and Barry Diller from IAC (an internet media company that owns Ask.com, Bloglines, Vimeo, Match.com and others), along with many others.
(AP) The Obama administration plans to send $600 million to help unemployed homeowners avoid foreclosure in five states.
The Treasury Department said Wednesday that mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina received approval. The states estimate their efforts could help up to 50,000 homeowners.
The administration is directing $2.1 billion from its existing $75 billion mortgage assistance program to a total of 10 states. Each state designed its own plan. Treasury approved money in June for Arizona, California, Florida, Michigan and Nevada.
When it comes to Goldman Sachs ( GS - news - people ), everything is epic. Price tag for its spanking new Lower Manhattan headquarters: $2 billion. For its Securities and Exchange Commission settlement: $550 million. For Chief Executive Lloyd Blankfein’s new apartment: $26 million.
Only on Wall Street are numbers with so many zeroes considered normal. Defenders argue that this reflects the financial industry’s vast contribution to capitalist wealth creation. Blankfein went so far in an interview to refer to Goldman as doing “God’s work”–a quip that, no matter how tongue-in-cheek he intended it, plunged the master of the universe into very hot water.
photo : Honda
Honda, realizing this electric car thing isn’t a fad, says it will have a plug-in hybrid and a battery electric vehicle on the road in 2012. But that doesn’t mean it’s giving up on hydrogen.
CEO Takanobu Ito (pictured) laid out Honda’s timeline for advanced technology vehicles today, promising to have a demonstration fleet of cars with cords on the road in California by the end of this year and in showrooms by the end of 2012. He also said the nickel metal-hydride battery pack in the Honda Civic Hybrid will be replaced with a lithium-ion pack next year.
The biggest issue with the concept of electric vehicles is where one plugs it and what to do on long drives.
Project Better place of Palo Alto, California have the answer.
Better Place delivers the network and services that make an electric car affordable to buy, easy to use, and amazing to own. Electric car drivers will have access to a network of charge spots, battery switch stations and systems that optimize the driving experience and minimize environmental impact and cost.
They have a really great website that has plenty of information and ways to get involve and learn more.
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