Posts filed under “Current Affairs”
Quote of the Day:
“The laws of physics have met the laws of economics. And the result has been a morass that has prevented the building of new transmission lines at a sufficient pace. The difficulties in winning permits coupled with lack of capital flowing to such projects means that the risks of large-scale reliability problems have increased because of inadequate or congested transmission lines. ”
- by Ken Silverstein, Blackouts Were Crystal Clear
(Note: Silverstein is Director of Energy Industry Analysis at Utilipoint)
There is a very good analysis on the long-standing underlying causes of the blackout from Reason Public Policy Institute. The site has a lot of good resources, including links to other sources of Energy Public Policy analyses. Definitely worth a look.
I found the pointer to this from Lynne Kiesling’s “The Knowledge Problem”. Kiesling’s blog focuses on energy issues, and is in itself a good resource. (Kiesling is Project Director of Economic Policy of RPPI)
Category: Current Affairs
About six months ago, Professor Boskin, an economist at Stanford who was chairman of the Council of Economic Advisers under the first President George Bush, released a paper suggesting that the federal government had a bounty of $12 trillion coming that no one had bothered to count.
Baby boomers and others, who spent decades making tax-free contributions to their I.R.A.’s and 401(k) plans, would soon begin paying taxes on withdrawals from those accounts, Professor Boskin noted. The windfall from all that, he argued, would more than cover the deficits in Social Security and Medicare.
But now it appears that Professor Boskin fired a blank. On July 17, after his ideas were discussed on TV, he quietly notified his colleagues that his equations contained an error. Though he is busily overhauling his paper even now, his latest moment of fame may have already passed.