New York Times (August 30)
“Economic fundamentals today are no different than they were before the market took a walk on the wild side.” The U.S. economy is “growing at 2.5 percent. At that modest pace, the United States cannot be of much help if other economies falter. But it can rebound from a market swoon, at least for now.”
Tags: Economy, Fundamentals, Growth, Market, Market swoon, Modest, Pace, Rebound, U.S.
Los Angeles Times (January 6)
“Societal change usually happens slowly, even once it’s clear there’s a problem.” This is not necessarily a bad thing. A leisurely pace allows a consensus to be established, eliminating backlash. “With climate change, however, there simply isn’t time to waste…. It’s a fight between human beings and physics. And physics is entirely uninterested in human timetables. Physics couldn’t care less if precipitous action raises gas prices or damages the coal industry in swing states. It couldn’t care less whether putting a price on carbon slowed the pace of development in China or made agribusiness less profitable.”
Tags: Agribusiness, Carbon, China, Climate change, Coal, Pace, Societal change
