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Bernard Madoff, convicted of running an $65 billion Ponzi scheme, was sentenced to 150 years in jail. What’s your take on his punishment?

Too heavy. There’s no point having him die in jail.
About right.
Not nearly heavy enough.
Not sure
 
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CURRENT LETTER

 
The Kiplinger Washington Editors
July 2, 2009
 

Overhauling
Financial Regs

By year-end or so, Congress will give the nod to a major rewriting of the nation's financial regulatory system. This week’s Kiplinger Letter explores whether the package will do more harm than good and what lawmakers are likely to include.
 
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I just attended a franchise seminar. The speaker represents a few hundred franchises that (he says) are hand picked. He has the prospect (aka victim?) answer some questions about themselves then he makes recomendations - based on your personality, capital situation, etc.. If you pick a franchise, then he does some due dilligence for you. If you both decide it's a good idea, he helps you get started. He says he offers this service free of charge, which means he gets a commission if he's able to sell you a franchise. Has anyone done this? Successfully? Unsuccessfully?
-- fender
 

Biofuels Doubters are Emerging

Critics are questioning the wisdom of huge government subsidies granted to some biofuels, especially corn-based ethanol.
 
 
Bart Mongoven
Stratfor
Bart Mongoven is vice president for Stratfor's Public Policy Intelligence Group, guiding the direction of long-range research and analysis as well as overseeing all public policy client projects. Mongoven has an extensive background in the study of activism in Asia, Australia, Europe and sub-Saharan Africa. His international experience covers a wide range of topics, from environmental and human rights organizations to the development of international conventions.

The headlong rush toward development of biofuels, especially ethanol made from corn, is causing critics and policy makers to raise some serious questions. Will corn-based ethanol deliver the promised benefits? Is the push toward ethanol -- fueled by huge subsidies in both United States and Europe -- creating a food vs. fuel dilemma? In an article entitled "Biofuels Backlash," Stratfor analyst Bart Mongoven says the criticism is loudest in Europe but is unlikely to have effect on policy either there or in the United States.

Skeptics are "running head-on into the powerful agricultural lobbies in the United States and Europe that so successfully championed the issue in the first place." Mongoven writes. He points out that the environmental groups in the United States that once found little environmental benefit from corn-based ethanol have been silent in recent years as Congress pressed to put greater emphasis on the fuel as a replacement for gasoline. Why? The support of farm-state lawmakers broadens an alliance behind the environmental movement's chief goal: a cap on greenhouse gas emissions.

However, the influence of agricultural interests could ultimately cause some serious setbacks to efforts to move industrialized nations away from carbon fuels -- and have economic consequences for developing countries as well. Brazil, Mongoven points out, makes ethanol from sugar cane that is far more environmentally friendly than the corn-based fuel. But the farm industries both here and in Europe have fought tooth and nail to erect barriers to the import of Brazilian ethanol.

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