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Volkswagen scandal may be end for diesel
Clean diesel, like clean coal, might just be headed for the scrap heap of environmental history. Volkswagen’s stunning revelation that it cheated air pollution control rules in order to get better performance and better mileage from 11 million vehicles has sent its stock price plunging. It faces perhaps as much as $37,000 per vehicle or Read More →
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China finds out the hard way that it isn’t easy to knock off No. 1
China’s sudden move to devalue its currency earlier this month has caused a lot of hand-wringing and cost hedge funds a ton of money. But it also teaches a lesson that often is learned painfully — it’s easy to lose your way when you try to be No. 1. That’s why I think the yuan Read More →
