Saturday, 20 September 2014

Strong measures to limit carbon emissions might actually lead to faster growth

  • Could Fighting Global Warming Be Cheap and Free? – Paul Krugman writes: “I’ve just been reading two new reports on the economics of fighting climate change: a big study by a blue-ribbon international group, the New Climate Economy Project, and a working paper from the International Monetary Fund. Both claim that strong measures to limit carbon emissions would have hardly any negative effect on economic growth, and might actually lead to faster growth. This may sound too good to be true, but it isn’t. These are serious, careful analyses.”
  • Forget the national debt. The new budget threat is climate change – “Shaun Donovan gave his first speech as White House budget director Friday, and he didn’t even mention that Washington obsession of recent years, the $17.8 trillion national debt.No, in the run-up to next week’s United Nations climate summit in New York, the Obama administration is focused like a laser on a different threat to federal finances and the U.S. economy: the consequences of global warming.”
  • Listen up, fellow DORCs, I have a bridge to sell you – “The whole idea of basing user charges on the imaginary current replacement cost of an asset that already exists is ideological claptrap. It says that you tell your kids that they can’t afford to drive the old Volvo in the yard because a new one would cost $ 100,000.”
  • Tax cuts can do more harm than good – “Tax cuts are the one guaranteed path to prosperity. Or so politicians have told Americans for so long that the claim has become a secular dogma. But tax cuts can do more harm than good, a new report shows. It draws on decades of empirical evidence analyzed with standard economic principles used in business, academia and government. What ultimately matters is the way a tax cut is structured and how it affects behavior.”
  • Russia is our most dangerous neighbour  – Russia is both a tragedy and a menace writes Martin Wolf. “In the Financial Times this week Sergey Karaganov offered an arresting insight into the blend of self-pity and braggadocio currently at work in Moscow. It is as depressing as it is disturbing. Western policy makers seem to believe the Islamic State of Iraq and the Levant (known as Isis) is the greater danger. But Russia is the nuclear-armed rump of a former superpower and, ruled by an amoral autocrat, it frightens me even more. For Europe and, I believe, the US, there is no greater foreign policy question than how to deal with today’s Russia.”
  • How To Inoculate Angry Teens Against Islamic Extremism – Maajid Nawaz used to be a recruiter for an extreme Islamist group in the United Kingdom. NPR’s Scott Simon speaks with Nawaz about how the recruiting process works, and how it can be thwarted.
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