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...even the unprecedented Fed decision was quickly discounted by the market. Chris Low, chief economist of FTN Financial, said buying commercial paper was a "very good move," but explained that "investors almost have to see things work now before they'll believe them." In particular, Low pointed out, investors may want to be sure that this year's bailout shows results - unlike last year's Master Liquidity Enhancement Conduit, which was an attempt to solve the subprime crisis by three private banks (Citigroup, JP Morgan Chase and Bank of America) using private money - essentially what Treasury Secretary Hank Paulson hopes...
...what should greens do to avoid irrelevance, now that Hank Paulson is replacing Al Gore as the nation's chief scold? First, tie environmental rescue to economic recovery, by "greening the bailout," as columnist Tom Friedman of the New York Times has put it. As the new Administration - whether Democratic or Republican - searches for ways to stimulate the economy, green infrastructure spending could be the way to go. More money for high-speed rail, tax credits for new solar systems, increased federal funding for renewable energy - these are policies that might not only help stimulate a flagging economy, but directly...
...Asking a chief executive officer to come talk about sustainable energy is a little bit like asking a sailor to go the Vatican to talk about the creation of heaven and earth,” Rowe said. “There might be more vernacular than new revelation...
...against Palin for governor of Alaska in 2006. Halcro, who attended an executive education program at the Kennedy School in 2003 and another at the Business School the following year, served as a Republican member of the Alaska House of Representatives from 1998 to 2002. Halcro said that his chief disappointment in the gubernatorial race was that the campaign lacked substance—a criticism he specifically directed toward Palin. “The fact is that Governor Palin’s message on issues never matured during the nine months that I was on the campaign trail with...
...constitutes complacency and weakness. For example, a committee chaired by former Deputy Secretary of Defense Paul Wolfowitz has argued that the American military should prepare for an all-out confrontation by constructing a new national missile defense system specifically targeted at China. For Wolfowitz—one of the chief architects of the invasion and occupation of Iraq—this provocative plan is probably nothing extreme. Unfortunately, it’s also an idea that makes real the threat of nuclear war, economic devastation, and global instability. Building a new national missile defense system would not only bankrupt...