Now that Senators have reconvened from summer hiatus, one of their first tasks will be to contemplate the greenhouse-gas cap-and-trade carbon market that President Obama would like to institute to blunt global warming. Their necks better be limber. Partisans of Keynesian, market-based regulations will undoubtedly point to the Midwest's federally run "acid rain" program to reduce harmful power-plant emissions as proof that giving industry profit incentives in cleaning up their operations can be successful. read more »
For the time being, battles over health care and energy seem likely to occupy the attention of both the Obama administration and its critics. Yet although now barely on the radar, there may be another, equally critical conflict developing over how Americans live and travel.
Right now this potential flash point has been relegated to the back burner, as Congress is likely to put any major transportation spending initiative on hold for at least a year, and perhaps longer. This also may be a symptom of mounting concerns over the deficit. Financing major changes in transportation, for example, would probably require higher federal fuel taxes, which would not fly amid a weak economy. read more »
This week and over the coming weeks the media and the nation will once again focus on healthcare. Before we launch into the next phase of the argument, though, we should first dismiss a couple of “Red Herring” claims that we spend too much on health care. read more »
Not for the first time, reality and politics may be on a collision course. This time it’s in respect to the costs of strategies intended to reduce greenhouse gas emissions. The Waxman-Markey “cap and trade” bill still awaits consideration by the US Senate, interest groups – mainly rapid transit, green groups and urban land owners – epitomized by the “Moving Cooler” coalition but they are already “low-balling” the costs of implementation. read more »
Earlier this month the Alaska state legislature, in a special session, voted 44-14 to accept $28.6 million in stimulus funds that Sarah Palin had rejected in May. Sean Parnell, Alaska’s governor since Palin's resignation, says the money will be used primarily for energy efficiency improvements in public buildings.
The tale of the showdown between Palin, the state legislature, and the federal Department of Energy may ultimately reveal as much about state sovereignty under the current administration in Washington as it does about Alaska's internal politics. read more »
“What the Western fantasy of a China undergoing identity erasure reveals is a deep identity crisis within the Western world when confronted by this huge, closed, red alien rising. There is a sense that world order is sliding away from what has been, since the outset of industrialization, an essentially Anglo-Saxon hegemony, and a terrible anxiety gathers as it goes.” – Adrian Hornsby, “The Chinese Dream: A Society Under Construction”. read more »
It is a rare spectacle when broadly respected national organizations and analysts condemn an initiative by some of the most influential players in the Washington establishment. Yet that is exactly what has happened to the Moving Cooler report, authored by the consulting firm Cambridge Systematics, published by the Urban Land Institute and sponsored by the American Public Transportation Association (APTA), the Environmental Defense Fund, Natural Resources Defense Council, the Environmental Protection Agency and others. read more »
By Richard Reep
Regions have a bad habit of getting into ruts. This is true of any place that focuses exclusively on one industry – with the possible exception of the federal government, which keeps expanding no matter what. This reality is most evident in places like Detroit, but it also applies to one like Orlando, whose tourist-based economy has been held up as a post-industrial model. read more »
With the home building industry in peril, you would think that legislators would come up with immediate solutions to help foster new home construction. And there are now two well known Federal programs regarding housing: one is the $8,000 tax credit for first time home buyers, and the other is the 30% energy tax credit for a select few components of home remodeling. read more »
America's ''kumbaya'' moment has come and gone. The nation's brief feel-good era initiated by Barack Obama's stirring post-partisan rhetoric--and fortified by John McCain's classy concession speech--has dissolved into sectarian bickering more appropriate to dysfunctional Iraq than the world's greatest democratic republic.
Yet little of the shouting concerns the fundamental economic issue facing the U.S. today: the decline of upward mobility and income growth for the working and middle classes. Instead we have politicos battling over two versions of ''trickle down'' economics. read more »