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Could alternative energy companies drive the next big market bubble?

In case you missed it, the Dow Jones Industrial Average experienced a violent and exhausting 1,000-point swing the past week, down 450 points on Tuesday before trimming its losses and then tumbling 330 points on Wednesday before rebounding with a 299-point gain.

It's not the only financial freefall of late. The housing market bubble was punctured last fall and has been leaking like the Hindenburg ever since. (And long before that, the economy experienced the dual dot-com and technology implosions in the spring of 2000.)

All of which is to say, it's probably safe to assume most Americans are familiar with what a financial bubble looks like when it bursts. But how many of us could spot a bubble in the making?

Eric Janszen believes he can. In fact, the president of iTulip.com predicts the next bubble is going to be green -- not as in the color of money, but as in alternative energy companies, suppliers, and technologies. If Janszen's right (and he's got a pretty good pedigree in all things bubbles, having had a front-row seat at the dot-com debacle and now as founder of a website that tracks financial dislocations), it could be the mother of all bubbles.

Scared-straight birds and kite-powered cargo ships

New protections that required longline tuna fishing fleets to use bird-scaring lines, or tori lines, went into effect. In addition, international measures asked longliners to fish at night, when few birds are active, and to sink baited hooks out of reach ...

... an open fish farm that cultivates kahala, also known as Hawaiian yellowtail or amberjack, planned to double its capacity ...

... a 14-man British and Irish rowing crew crossed the Atlantic in 33 days, seven hours and 30 minutes, a full two days faster than the previous record ...

... a female leatherback turtle crossed the Pacific while tagged, resulting in the longest recorded migration journey in the ocean. She covered 12,744 miles before the signal was lost after 647 days ...

... scientists recorded, for the first time, a giant internal ocean wave breaking underwater near Hawaii. The researchers used instruments strung along 900 miles to capture the data ...

Senate committee considers mining reform, not all that into it

The Senate Energy and Natural Resources Committee held a hearing yesterday on mining reform, indicating unwillingness to overhaul 136-year-old U.S. mining policy anywhere near as much as would a House of Representatives bill passed this fall. Senators seemed generally open to creating a cleanup fund and placing royalties on new mines, but key lawmakers from […]

Friday music blogging: The Avett Brothers

Last week I mentioned Southern rock as one of the things I’d spurned in my youthful rejection of my native culture, only to rediscover and appreciate it as an adult. A similarly inclined reader wrote in to recommend the Avett Brothers, a band out of North Carolina (not rock, per se, but quite Southern in […]

Scientists will study coral in this International Year of the Reef

If you were wondering what that odd smell is in the air, it’s because 2008 is the International Year of the Reefer. Oh, wait, we read that wrong. The reef — it’s the International Year of the Reef. Ahem. The World Conservation Union (IUCN) says that warming seas and increased hurricanes affected more than half […]

An interview with Rory Freedman, coauthor of vegan manifesto Skinny Bitch

It would be impossible to make it through an entire lunch with Rory Freedman without realizing this simple truth: The bitch loves food. Excuse my language — or actually, don’t. Freedman wouldn’t say it any other way. Rory Freedman (left), with coauthor Kim Barnouin. Photo: Tim VanOrden After all, she and former model Kim Barnouin […]

From Cool to Cooler

If this is thong, I don’t want to be right Brazilian supermodel Gisele Bündchen is all wet … in a sandal ad that’s raising awareness about water use. She’s H2O-so-hot, that dress might evaporate right off her. What a waste. Photo: Ipanema Gisele Bündchen Out of the mouths of bags Couldn’t have said it better […]

McCain’s doubletalk express on global warming

If you think Sen. John McCain (R-Ariz.) is a straight-talking, courageous politician on the issue of global warming, watch this jaw-dropping clip from last night's Republican presidential debate:

The transcript is online, so we can go through McCain's entire Orwellian answer to moderator Tim Russert. [Note: This was following a question to Giuliani about the global warming threat to Florida and his opposition to mandatory caps, which I'll briefly discuss at the end.] Russert said, correctly:

Senator McCain, you are in favor of mandatory caps.

And, as you've seen, McCain immediately answers:

No, I'm in favor of cap-and-trade. And Joe Lieberman and I, one of my favorite Democrats and I, have proposed that -- and we did the same thing with acid rain.

And all we are saying is, "Look, if you can reduce your greenhouse gas emissions, you earn a credit. If somebody else is going to increase theirs, you can sell it to them." And, meanwhile, we have a gradual reduction in greenhouse gas emissions.

Orange County opens recycled-water plant

A sewage reclamation plant officially opened today in Orange County, Calif., and will, sure enough, reclaim treated effluent and turn it into drinking water. Recognizing that its growing population — currently 2.3 million — is likely to outpace its supply of fresh water, O.C. is relying on the facility to turn 70 million gallons of […]

Climate change is as much a social priority as an environmental concern

Climate change is a universal menace, threatening hardships for everyone. But it's not an egalitarian menace: everyone will not suffer equally. Perversely, those people and nations least to blame for causing it are most vulnerable to its impacts.

Climate disruption heaps misfortune on the less fortunate, whether in low-lying Bangladesh, the Ninth Ward of New Orleans, or the flood plains around Chehalis, Wash. In the aftermath of climate change, the less you have, the more you're likely to lose.