Gerry Canavan

the smartest kid on earth

Posts Tagged ‘cap and dividend

Fixing the Climate?

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According to several sources familiar with the process, the lawmakers are looking at cutting the nation’s greenhouse gas output by targeting, in separate ways, three major sources of emissions: electric utilities, transportation and industry.

Power plants would face an overall cap on emissions that would become more stringent over time; motor fuel may be subject to a carbon tax whose proceeds could help electrify the U.S. transportation sector; and industrial facilities would be exempted from a cap on emissions for several years before it is phased in. The legislation would also expand domestic oil and gas drilling offshore and would provide federal assistance for constructing nuclear power plants and carbon sequestration and storage projects at coal-fired utilities. More from Treehugger.

Written by gerrycanavan

February 28, 2010 at 8:23 pm

America Loves Tuesdays (And So Do I)

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* The Obama method: One way to deal with that kind of bad-faith opposition is to draw the person in, treat them as if they were operating in good faith, and draw them into a conversation about how they actually would solve the problem. If they have nothing, it shows. And that’s not a tactic of bipartisan Washington idealists—it’s a hard-nosed tactic of community organizers, who are acutely aware of power and conflict. It’s how you deal with people with intractable demands—put ‘em on a committee. More on the summit idea from Benen. I’m willing to be proven wrong, but I must say that I am deeply skeptical that this method, however effective on the local scale, can work on the national stage. In fact I have come to think that Obama’s (frankly naïve) belief that bipartisanship is possible, much less good or necessary, will stand as the first cause of most of his presidency’s eventual failures. After 2009, he still thinks this. When the mortal enemy who has proven himself beyond redemption time and time again is finally on the ground, don’t help him up! Finish the job.

* The headline reads, ‘Pentagon Looks to Breed Immortal “Synthetic Organisms,” Molecular Kill-Switch Included.’ What could possibly go wrong?

* You really can’t please everyone: ‘Is Barack Obama killing too many bad guys before the U.S. can interrogate them?’ As Matt explains, the problem here seems to be that the Foreign Policy author believes torture is not only a regrettable necessity but is, in fact, an affirmative moral good.

* Can the EPA actually regulate carbon effectively? It’s looking more and more like they’ll have to, so hopefully the answer turns out to be yes. Related: all about cap-and-dividend, the carbon-control system no one talks about.

* DC giving Superman to Chris Nolan? If they won’t give him to me, I guess that makes as much sense as anything else. Nolan, take note: The Death of Superman, Red Son, All-Star Superman, and any number of other perfectly good stories are just sitting there waiting to be adapted for the screen. Please, don’t use the Lex Luthor, Evil Real Estate Agent thing again.

* GOP extremism from A to Z.

* Today in horror clichés: the mirror scare.

* And our long national nightmare is finally over: Shelby has called off the shakedown.

Wednesday Night Links

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* The strategic genius in charge of the economy had an adjustable rate mortgage? No wonder everything collapsed.

* Also on Bernanke watch: Matt Yglesias on class biases in major media.

Bernanke takes office in February of 2006 holding what’s probably the second most-important job in the United States and the most important job for determining overall macroeconomic conditions. He follows basically conventional thinking and doesn’t make any unusual errors. Unfortunately, conventional thinking and normal errors lead into a major financial panic and the worst recession in 70 years. Then during the desperate fall of 2008 Bernanke takes decisive action and helps put a floor on the collapse. By spring 2009 it’s clear that this will be the worst recession since the end of the Great Depression rather than, as some had feared, the second-coming of the Depression. At this point he basically unfurls a “Mission Accomplished” banner, says ten percent unemployment is okay by him, and if congress wants to do anything fiscally it should look at cutting Social Security benefits.

That’s not nothing. That’s not the worst record of any 21st Century public official (I dunno…Robert Mugabe?) or even of any major 21st Century central banker (Jean-Claude Trichet) or any Bush administration appointee (Don Rumsfeld) or anything. But it’s really not all that great. And it demonstrates a very specific class skew—extraordinary intervention into the market place just long enough to fix the situation from the point of view of asset-owners while leaving wage-earners holding the bag. But the owners and managers and editors of Time Magazine and the companies that advertise in it probably don’t care so much about that.

* Superfreakonomics and the “All Else Equal” fallacy.

* An energy policy both ExxonMobil and MoveOn can love: cap and dividend. Via Ezra Klein.

* Alien “water world” found.

* Star Wars Kid was in the 2000s too? It’s been a loooooong ten years.

* Looking for Life in the Multiverse.

* Apparently it’s a New Jersey thing, as I did an impromptu dorm floor census (of both sexes), and everyone from Jersey wiped standing up. More important toilet science findings at MetaFilter.

* Life as a registered sex offender. He had sex with his 15-year-old girlfriend when he was 17.

* Alice, Wonderland, and 19th-century mathematics.

* And Alex sends in a late entry for worst magazine cover of the year: “Will Global Warming Stave Off the Impending Ice Age?”