August 25 - August 31, 2013

Friday, Aug. 30
Living in poverty consumes so much mental energy that according to a new study people's cognitive skills can be compromised. That leads them to make bad decisions.
They have less money coming in and fewer resources to produce the product. Is it any surprise that valuations for newspaper properties are so low? But wait, there's more.
Thursday, Aug. 29
Hard to tell from today's pronouncement by the Justice Department that it will not interfere with laws in Colorado and Washington that allow the use of pot for recreational purposes. President Obama still doesn't support changing the laws regarding weed.
Tuesday, Aug. 27
But wait a second - hasn't Mayor Garcetti declared a state of emergency because L.A. is losing its entertainment industry? Guess he forgot about construction of a major TV and movie facility.
August can be a tough month for the markets (volume is on the sluggish side because people are taking vacations), but this summer's decline is notable because of soft economic and corporate indicators.
Lots of details to work out, including price, specs, and legalities (still unclear who would be responsible in the event of an accident). Still, the interest by Nissan, GM, and Google would seem to affirm the inevitability of these vehicles within a few years.
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