cap-and-trade

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The zero-sum game.

Terry Tamminen has a new post on Fast Company's blog about the carbon taxes and cap and trade:
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Terry Tamminen: "Cop" to It Now: An Empty-Handed US Will Be a Party-Pooper

The 15th Conference of the Parties (COP15) sounds like a contradiction in terms--conferences are business-like and dull while parties are, well, fun! But COP 15 is actually the formal name of the annual gathering of nations that participate in the UN's effort to curb climate change and the "party" is about half a year from now in Denmark. Will the US arrive with little more than a tourist map of Copenhagen and some well-worn stories about China being the world's leading emitter of greenhouse gases (GHGs)?
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What comes after *Yes, we can!*

So what next for climate activists swept up in ‘Yes, we can!' mania?  Perhaps we first must acknowledge how hard this is going to be.  As a friend wrote to me in reaction to last week's blog post, "I share your enthusiasm about the long-term, but the near term is going to be very challenging.  Obama needs to convince the public that some pain is required immediately in order to clean out the problems in the financial system, mortgage markets, and budget deficit." My friend is right of course, and so-far-so-good
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WSJ Says BOO!

With this past Halloween, we witnessed the Wall Street Journal jump out from behind a hedge fund and try to scare the business community right out of its Brooks Brothers boxers. Like most haunted houses and scary apparitions at this time of year however, WSJ's was as fake as a Sarah Palin mask on your next-door neighbor's pit bull.