"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" February 2009 - Posts - TT's Lost in Tokyo

February 2009 - Posts

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The Curse of Limited Liability; WSJ.com: Executives/traders of big financial corporations generate risky business, while smaller partnerships are much more risk averse by TokyoTom

The February 25 Wall Street Journal carries an insightful piece of commentary by James K. Glassman (president of the World Growth Institute and a former undersecretary of state) and William T. Nolan (president of Devonshire Holdings and former associate...
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NY's oil spill fund: limited liability means owners of polluting firms can walk away, leaving citizens and states holding the bag for risks & clean-up costs by TokyoTom

There's an interesting article in the Feb. 22 Times Union on the ineffectiveness of the New York oil spill fund: Oil polluters pass on spill costs to public The New York Environmental Protection and Spill Compensation Fund pays to clean up oil spills...
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[Update] Cato's Jerry Taylor: Nuclear power is "solar power for conservatives" and needs "a policy of tough love" by TokyoTom

After decades of loathing nuclear power as the ugly, monstrous child of a big government Dr. Frankenstein, climate-change-fearing enviros like George Monbiot are finally coming around to the relative benefits of nuclear power. This is a welcome change...
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George Monbiot: taking the heat from other enviros for supporting for nuclear power by TokyoTom

UK enviro-journalist-commentator George Monbiot has an interesting post in the Feb. 20 Guardian that explains his why he now believes that " A kneejerk rejection of nuclear power is not an option ", and why he's willing to take heat from...
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Henry Payne/NRO and the Deal Not Taken: He's shocked, shocked that Dems won't end CAFE mileage standards by TokyoTom

Henry Payne (cartoonist at the Detroit News and commentator at NRO) has a interesting post up on Feb. 18 at NRO's enviro-bashing "Planet Gore" website: "Obama’s Washington Is the Enemy of Auto-Industry Reform ". In it, Payne...
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Empowering power consumers: Google beta tests software to give consumers real-time info by TokyoTom

"If you cannot measure it; You cannot improve it." -- Lord Kelvin Consistent with its mission to "organize the world’s information and make it universally accessible and useful," Google , whose climate change-related efforts...
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Fat Tails Part Deux: cost-benefit analysis and climate change; Weitzman replies to Nordhaus by TokyoTom

[Note: Although the giant snakes I mentioned in my preceding post may have fat tails, I didn't want my description of the discussion between Harvard`s Martin Weitzman and Yale`s William Nordhaus of the limits of cost-benefit analysis to be overlooked...
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Let`s recreate the Paleocene! Giant snakes, "fat tails", cost-benefit analysis and climate change; Weitzman replies to Nordhaus by TokyoTom

Giant snakes? What could a few colossal bones found in Colombia have to do with us now? 1. A recent paper in Nature about the discovery of several specimens of a giant snake ("Titanoboa") that lived in Latin America 60 million years ago captured...
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Public spending gave Japan its "Lost Decade" and largest public debt in the developed world; Geithner wants to do it bigger by TokyoTom

What did Japan get from sustained and massive public works spending by the LDP after a real estate bubble burst in the late 1980s? According to a recent article in the IHT , one thing is clear: taxpayers ended up being saddled with the largest public...
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Paul Joskow: What electric power regulatory reforms are need? A Federal Power Act of 2009 by TokyoTom

Further to my previous posts , excerpted below are the recommendations that Paul Joskow (energy expert, MIT economist and current president of the Alfred P Sloan Foundationn) recently made in a speech at the National Press Club : What is to be done? We...
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MIT economist Paul Joskow describes our current electricity regulatory framework by TokyoTom

I believe that a key problem - and thus a key opportunity - that our country faces is over-regulation and misregulation of the electric power sector. Regulatory reform in this area is a middle ground, both for enviros and those whose principle concerns...
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Update from Rob Bradley: My BOOKS prove that I'm a free-marketer! (That's why I'm free to boost fossil fuels and bash enviros on my blogs!) by TokyoTom

I noted in a previous post that Rob Bradley , CEO of the Institute for Energy Research and lead blogger at MasterResource , has cheered on big coal and bashed what he calls "Malthusian anti-energy crusaders", but ignoring while he does so the...
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Paul Joskow on needed changes to power regulation, particularly if climate legislation is passed by TokyoTom

A hodge-podge of state and federal regulations is keeping costs high and interfering with the development of competitive power markets. Paul L. Joskow , current President of the Alfred P Sloan Foundation and former Head of the MIT Department of Economics...
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MIT's "Technology Review" on the regulatory obstacles to a "smart grid" needed for open, competitive electricity markets by TokyoTom

David Talbot , chief correspondent for the MIT Technology Review , has an excellent, long piece in the January/February online issue that explores some the of intra- and inter-state regulatory hurdles that frustrate both the expansion of renewable power...
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