Mission-Aligned Investing

The LA Times has spent significant energy (at least, in comparison to other journalistic outfits) on discussing foundations and the way in which they invest their endowments.  In January, they ran a report on the Gates Foundation, discussing how the foundation's grant programs and investing often act in contradictory manners that set off a firestorm…

Is Paper Money Going the Way of the Dinosaur?

"Climate change will likely affect economies and financial markets by causing shocks to long-term growth prospects and shifts in the relative price of carbon-intensive goods," said Morgan Stanley's Elga Bartsch in a recent research report. "Globally, climate change will likely cause stagflationary pressure."

The 2007 Energy Bill: Long on Intentions, Short on Delivery

With the fate of our nation's energy policy hanging in the balance, the latest iteration of the 2007 energy bill presses on through Capitol Hill. With an overwhelming vote of 85-12, the Senate passed their version of the bill last Thursday night and, as of Tuesday, the House approved it with a 314-100 vote. Now all that needs…

Agriculture: The New Global Warming Bad Guy?

We know that coal and petroleum companies are mining the raw materials that contribute to greater levels of CO2 in the atmosphere, but who else is contributing? Surpisingly, agriculture, as Mike Brune from Rainforest Action Network (RAN) says: We launched a major new campaign taking on giant Agricultural companies ADM, Bunge, and Cargill for violating…

Playing Year End Tax Selling: Buying Starbucks

Starbucks came up on my year-end tax selling screen, so I decided to take a look at its valuation.  Everyone loves to hate Starbucks (SBUX – $21.20). The stock as been on a one-way ticket to hell, falling nearly 50% from its highs created by what I term the "Starbucks Bubble."  In my experience, when…

Vikram Pandit Makes Rock Star Status

Together with Madonna, Sting and Prince, Vikram Pandit, my old boss at Morgan Stanley, has acheived rock star status.  He's the only CEO I know of in the world who is referred to only by his first name. I've been seeing a lot on CNBC and other media dissing the Citigroup Board for choosing Vikram…

New Big Oil IPO Headed for Stock Market

An Ogden, Utah company is hoping to benefit from an interest in American energy production by going public. Big West Oil (desired stock symbol BWO) filed for an IPO. Big West is a subsidiary of Flying J Inc., a privately held oil company. The Houston Chronicle reports on the assets of Big WestOil: