Wall Street
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We have another billion-dollar resource at risk: the ocean
The financial collapse of the past couple of weeks offers striking parallels to the collapse of ocean wildlife. How is what’s happening in Wall Street and in financial capitals around the world like what’s happening in our seas? Lehman Brothers and Canadian cod aren’t coming back The word “collapse” appears in nearly every thoughtful report […]
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Economics of GHG reduction, part bazillion
Two troubling things I heard last week: The on-going question about what our next president will sacrifice in the name of the economy. If the financial crisis has taught us nothing else, it is that federal coffers are not infinite, and something will inevitably give. At a panel on GHG policy in Washington, congressional staffers […]
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Why more government now means less in the future
“Socialism!” the House Republicans cried when the financial bailout was proposed — and they were right, if you define socialism as the takeover of part of the economy by the government. We’ll be in for much more of this sort of thing if the House Republicans and the rest of the federal government keeps worshiping […]
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House passes bailout plan with extensions for renewables, sends to Bush’s desk
If at first you don’t succeed, try again. After failing to muster enough votes on Monday, the House on Friday approved the financial market bailout plan by a vote of 263-171, sending the bill to the desk of the president. The final version of the bailout included the extensions for renewable tax credits that Congress […]
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Credit crunch slows clean energy development
A few weeks ago, I made some guesses about how the big picture trends in the economy would affect the development of clean energy. And though it’s still early days for the financial crisis, so far my guesses look pretty good. The Times talks to a few industry insiders, who confirm that the credit crunch […]
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Bailout no reason to delay needed public investment
I have been making the point (here, here, here) that we should resist the emerging Very Serious D.C. conventional wisdom that the financial bailout will constrain our ability to make other much-needed public investments. It’s wrong, wrong, wrong. Obama was a little wishy-washy on the subject in the debate, but as Kate noted, in a […]
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The financial crisis, the bailout, and green investment
Over the weekend I tossed out some thoughts about how energy efficiency might serve as one response to the housing/credit crisis. As it happens, many other folk have tied the financial crisis to green(ish) considerations. Here’s a roundup. First, the inimitable Tom Friedman turns his Mustache of Understanding on the bailout, agreeing with yours truly […]
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Oil is down $10 today because …
… oh hell, nobody really knows. Note the journalist’s favorite way of implying causation without actually claiming it: the $10 drop happened “amid” political fighting over the bailout. It also happened amid the baseball playoffs, and amid my attempts to keep the dandelions from recolonizing my newly planted front yard. I shall cease weeding, lest […]
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Bailout fails in House
Listen Play “End of the World Party,” by Medeski Martin & Wood Looks like the bailout bill just now failed in the House, 205-228. The stock market is in freefall. Wheee! UPDATE: Apparently Republicans promised 80-90 votes and only came through with 66 … at which point nervous Dems started bailing. Some 90 Dems voted […]
