1. Chart of the Day: CO2 emissions per capita in the US increased slightly last year, but were back to the same level as in 1963 (50 years ago), and 23% below the peak in the early 1970s, thanks to the boom in shale gas, which has displaced coal for electricity generation.
2. Markets in Everything: “The First Bank of Facebook“?
Not content with being just a platform to host cat photos and status updates, Facebook is readying itself to provide financial services in the form of remittances and electronic money. The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process.
Storefront launched as a platform to connect those who have shops or empty real estate in highly trafficked areas with merchants who wish to make their goods available without making major investments in opening up a store right away.
5. VIDEO: Rare historical photos in color.
6. 100 Life Skills: How Many Do You Have? Find out here.
7. Bonus Pay: Amazon will pay workers up to $5,000 ….. to quit.
8. North Dakota Oil Boom: To help fill 25,000 current job openings (with another 76,000 expected by the end of the decade), the state has launched a national advertising campaign called “Find the Good Life in North Dakota.
9. North Dakota Oil Boom II: Some of the current 25,000 job openings in North Dakota include financial advisers to handle the state’s booming oil wealth, which is creating lots of new millionaires who need financial advice.
10. Liberate the Poor with Home Businesses: For areas of the country without an oil boom, Wendy McElroy says we should “Let a Thousand Home Businesses Bloom,” which are often an important path to prosperity for poor people because:
First, the business overhead is usually low. Second, it allows people to use their labor as equity to develop a business for which financial or capital equity is not available. Third, it does not require higher education. Fourth, people own the means of production, such as an equipped kitchen or a garage with tools.