Toyota Prius does more harm than good

It appears that the Toyota Prius isn't all that it is cracked up to be.

"Building a Toyota Prius causes more environmental damage than a Hummer that is on the road for three times longer than a Prius."
"When you pool together all the combined energy it takes to drive and build a Toyota Prius, the flagship car of energy fanatics, it takes almost 50 percent more energy than a Hummer - the Prius’s arch nemesis."

For the full article click here.

As a concerned citizen for the environment (notice extreme sarcasm) I demand that we boycott Toyota, stone and key all Prius on the road, and demand that more people drive Hummers!

Stephen Harper puts Bono in his place.

For Bono to expect world leaders to make him a priority is asinine. I am proud to be a Canadian today as Stephen Harper puts Bono in his place.

"I've got to say that meeting celebrities isn't my kind of shtick, that was the shtick of the previous guy," said Harper in a dig at his Liberal predecessor Paul Martin, who met Bono regularly. (source: reuters)

Bono is a rockstar, not a politician or a world leader. It is amazing to me that world leaders give Bono any of their time, but I guess they are star struck just like most of society today. I am happy to see that our Prime Minister is in Germany to work, not get autographs.

Keep up the good work Mr. Harper.

Haven't We Seen This Before?

Did someone say bubble? I am not an alarmist nor am I bearish on the markets and the economy. However, I am skeptical about housing prices. The headlines I read in the paper and comments I hear from everyone around me are almost word for word the same comments I heard in the run up to the tech bubble bursting. As far as I can see there is no fundamental economic basis for the current housing prices. Here is a fancy chart I found over at smalldeadanimals.com

High Gas Prices My Butt.

There has been a lot of media attention on the "record gas prices" of late. The price of gas must be kept in perspective with all other prices. Everyone around me drones on about how much their house has increased in value and how brilliant of an investor they are. Prices of most goods are increasing rapidly so what do you expect to happen to gas prices? Decrease when everything else is increasing?

Check out the Cato Institute article here for a great breakdown of comparative prices.

And stop with the "record gas price" talk, inflation adjusted prices are not at a record. You can take solace in knowing we have a ways to go before we get there. (see here for a chart on historical gas prices)

Another thing that gets on my nerves is hearing the shouts of rage against the big evil oil companies making record profits at the expense of the little guy. The reality is that the government is making more money than the big bad oil companies. If you are upset about high oil prices then get upset at the government and demand that they lower the gas taxes. While you are at it demand that they lower income taxes and capital gains taxes.