Green Google: Hubris accomplished

Is Google turning into a sovereign wealth fund? The search group is gushing cash faster than an Abu Dhabi oil well. Sheiks prefer to redeploy their bounty into stakes of American banks and tourist traps containing a wax Mahatma Ghandi. Google hardly seems more selective in its choice of where to invest its excess money. Its latest effort is a green energy program dubbed RE Yet the company is in danger of flooding its engine by investing in everything from personalised biotech to space flight. A...