Sunday, August 9, 2009

Points of View - August 9

A Jobs Bottom - The Wall Street Journal - "Yesterday’s jobs report for July is undeniably good news, even if the economy did shed another quarter-million jobs for the month. The pace of job loss is slowing, confirming the view we expressed after last week’s GDP report that the economy is now poised for a rebound from its fall and winter depths."

Their Gamble, Everyone’s Money - The New York Times - "...the objective of government efforts to regulate compensation should not be to punish bankers or cap the money they make. Instead, they must focus on changing a perverse incentive system that too often rewards bankers for taking irresponsible bets — bets we all pay for when they go disastrously wrong."

A Dream of Hydrogen - The New York Times - "Six years ago, President Bush proposed a grand plan to spend $1.2 billion on a 'Freedom Car' that would run on (what else?) a 'Freedom Fuel' — hydrogen. Thus liberated from the yoke of foreign oil, Americans by the millions would someday be zipping around in contraptions powered by an inexhaustible gas."

Global Warming and the Poor - By Bret Stephens - The Wall Street Journal - "'There is simply no case for the pressure that we, who have among the lowest emissions per capita, face to actually reduce emissions,' Mr. Ramesh told Mrs. Clinton. 'And as if this pressure was not enough, we also face the threat of carbon tariffs on our exports to countries such as yours.' The Chinese—the world’s largest emitter of CO—have told the Obama administration essentially the same thing."

Green Energy Makes Economic Sense - India Times (The Economic Times) - "The stress on solar power makes eminent sense. It would improve power availability, boost R&D in a highly promising sector, and be entirely non-polluting as well. News reports say that the policy aims to lay particular emphasis on solar thermal generation, where the efficiency levels already seem quite cost-effective."

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