CNN (December 27)
While the economic progress made during 2023 is remarkable, “there’s still a long way to go before inflation is where the Fed wants it,” partly because higher prices have been “pervasive” and “sticky.” They’re not easily reversible. “More than 90% of the items tracked in the Consumer Price Index are more expensive than they were in February 2020, with most price increases landing north of 20% and some (fuel and margarine) approaching 55%.”
Tags: 20%, 2023, CPI, Economic progress, Expensive, Fed, Fuel, Inflation, Margarine, Pervasive, Prices, Remarkable, Sticky
New York Times (November 23)
“We don’t need to change course, or kill jobs, or wage war on anybody or anything” to reduce greenhouse gas emissions. All we need to do is continue increasing energy efficiency, which has been key to economic progress. “Without energy productivity improvements, America’s energy needs would have tripled since 1970…. Actual growth was only one-fifth of that. Energy efficiency has emerged as the largest and cheapest alternative to burning fossil fuels to generate electricity.”
Tags: Economic progress, Efficiency, Electricity, Emissions, Energy, Fossil fuels, GHG, Growth, Jobs, Productivity, U.S., War
Wall Street Journal (September 22)
“Global CO2 emissions increased to 35.1 billion metric tons in 2013, a new record and a 29% increase over a decade ago. Of the year-over-year carbon climb, China at 358 million metric tons jumped by more than the rest of the world combined and is responsible for 24.8% of emissions over the last five years.” Developing nations now account for nearly 60% of emissions, which means “that regardless of what the West does, poorer countries that are reluctant to sign agreements that impede economic progress hold the dominant carbon hand.”
Tags: Agreements, China, CO2, Developing nations, Economic progress, Emissions, Record, West
Wall Street Journal (November 11)
The Journal salutes British Prime Minister David Cameron for speaking “openly and forcefully on behalf of political freedoms and human rights.” Mr. Cameron lavished praise on China for its economic progress during a speech at Beijing University attended by Prime Minister Wen Jiabao. The praise, however, was balanced with a critique of the political system and the need for a political opening up that grants citizens greater freedom.
Tags: Cameron, China, Economic progress, Freedom
