The U.S. economy faces losses that may run into the hundreds of billions of dollars this century as the changing climate erodes coasts and threatens agriculture, according to a report today by a bipartisan group of political and financial leaders.
Forty years ago this month, President Richard Nixon sharply shifted his economic policy in an interventionist direction with deleterious economic results that continued for a decade and provide lessons for today.
Despite a successful political career that includes six statewide election victories in Massachusetts, capturing the Democratic presidential nomination and coming within a hair of winning the White House, John Kerry often seems awkward, aloof, pompous and politically tone deaf.
Billionaire Tom Steyer recalls a dinner at the U.S. Treasury in Washington with two senior department officials and six money managers. It was August 2012, and the meal was part of an effort by the agency to keep up with what the financial community was worrying about. The diners discussed China’s slowdown, Federal Reserve policy and other trends affecting the U.S. economy.
James Hansen, the former NASA climate scientist who first brought climate change to the attention of Congress in the 1980s, stepped down as head of the agency's Goddard Institute for Space Studies last month. That hasn’t stopped him traveling the globe to lobby for climate protection measures, while remaining an adjunct professor for Earth and Environmental Studies at Columbia University.
Former U.S. Secretary of State Condoleezza Rice endorsed Mitt Romney as the Republican presidential nominee at a fundraiser in California last night, saying he understands the nation’s special place in the world.
Head for Camp David. Convene meetings. Take advice from economists, your Cabinet, all the experts. Then put forward a giant new economic program, maybe including some dramatic form of shock therapy that will calm financial markets and create jobs.