Liberal proposals to battle global warming, based on science that is far from "settled," would be disastrous to world economies, says Townhall magazine. By almost all estimates, the costs will be staggering: The Intergovernmental Panel on Climate Change, the U.N. group behind the global warming scare, says 1.7 percent of the world’s gross domestic product (GDP) a year will be needed to pay for global warming -- an amount exceeding $1 trillion a year, and a sum greater in size than the total GDP of all but about 15 countries. The 26-nation Organization for Economic Cooperation and Development (OECD) says global warming costs over the next 50 years will exceed $45 trillion, or roughly $900 billion a year; the United States, as the world’s largest economy, will be expected to pay at least $200 billion of that annual tab -- possibly more. The Environmental Protection Agency, analyzing the recently failed Climate Security Act of 2008, estimates it...
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Longtime head of U.S. House energy panel is ousted International Herald Tribune: Representative Henry Waxman of California ousted Representative John Dingell of Michigan from his post as chairman of the influential Committee on Energy and Commerce on Thursday, giving President-elect Barack Obama an advantage in his plans to promote efforts to combat global warming. By a vote of 137 to 122, House Democrats ended Dingell’s nearly 28-year reign as his party’s top member on the comm... more
Toxic river raises burning questions Tracts of wetland at the mouth of Australia’s Murray-Darling river system have become as corrosive as battery acid thanks to falling water levels
a2a_linkname="Global Warming - Toxic river raises burning questions";
a2a_linkurl="http://climatechange.me/2008/global-warming-toxic-river-raises-burning-questions-3/";
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Currently, there are 73 Americans serving life sentences for crimes they committed when they were 13 or 14 years old, a number far higher than in Europe, says the New York Times. The differences in the two approaches, legal experts say, are rooted in politics and culture: The European systems emphasize rehabilitation, while the American one stresses individual responsibility and punishment. Corrections professionals and criminologists here and abroad tend to agree that violent crime... more
Piracy has a harmful impact on U.S. produced copyright products and on the overall U.S. economy. In 2005, piracy conservatively cost motion pictures, sound recordings, business software and entertainment software/vide collectively at least $25.6 billion in lost revenue. Beyond the cost to the copyright industries, this lost revenue translates into lost production of legitimate copyright products, which in turn means lost wages and lost purchases of upstream products and services througho... more
WORLD BANK WEARY From: feeds.feedburner.com Post Date: 2007-10-19 06:19:54
As globalization transforms the world economy, the World Bank’s comparative advantage for lending to poor countries is gone and its role diminished, says Adam Lerrick, professor of economics at Carnegie Mellon University. There are new competitors without the bank’s social wish list: China, Brazil, India and Russia are funding infrastructure and industry for even the poorest countries, to lock in access to raw materials and export markets. China alone will send $25 billion to ... more
Despite ample evidence to the contrary, liberal publications have devoted great space and attention to attacking the entire theory that lower tax rates can increase incentives for investment, saving and work, says Stephen Moore, senior economics writer for the Wall Street Journal editorial board. The quality of this discourse rarely rises above the level of trash talk. Nevertheless, some arguments are repeated with such regularity that they need to be addressed. One is that supply-... more
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