I don’t want to be morbid, but I’m starting to lose confidence that we can find a balanced exchange of ideas any longer. That the patently unproven and risky hypothesis that humans, are creating environmental change on a global scale, is now becoming a point of agreement by some of those arguing on the left and right about how to deal with “global warming”, is alarming.
In a pair of pieces presented in the Wall Street Journal today, Ian McEwan and Bjørn Lomborg present differing perspectives on how to deal with global warming. But they are not the typical side of the discussion we’ve had in the past. The perspectives shown here are answers to the question “What should Obama do about Global Warming?”.
McEwan, well known for his works of fiction, extends those skills to the front of the Weekend Journal section. He expresses[...]
By Art Smith. Posted Monday, Oct 13, 2008 at 11:21 pm Filed Under: Banks, Business, Economy, Energy, Federal Reserve, Foreign Oil, George W. Bush, International Markets, Markets, US Treasury
The Dow had it’s record highest point gain today up almost 940. Although it was up a bit today, Oil prices have been retreating and have been steadily below $90/bbl for several days. And have you noticed the price of gasoline has also been declining?
Of course, we all know it’s not over yet, but it’s good to see some positive signs. Unfortunately, the price of diesel fuel has not come down with trhe price of gasoline, apparently due to supply issues worldwide. And this will keep the price of consumer goods general higher. Seems like[...]
By Art Smith. Posted Friday, Oct 3, 2008 at 3:35 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Bipartisanship, Economy, Energy, Featured, Iowa, Markets, Recession, US Congress, US Treasury
Talking Heads:
No visible means of support and you have not seen nuthin yet
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The House of Representatives today passed the Senate version of the $700 Billion Bail-out. For now, it’s over. Bush signed the bill shortly after the vote, and we have not seen nuthin yet.
In case you haven’t noticed yet, the [...]
By Art Smith. Posted Wednesday, Oct 1, 2008 at 9:38 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Bipartisanship, Economy, Energy, Featured, Iowa, Markets, Recession, US Congress, US Treasury
Our US Senators have approved a version of the $700 Billion Bail-out Bill that provides some new features:
New tax breaks for businesses
Raising the FDIC deposit insurance limit from $100,000 to $250,000
Normally, I am all about tax breaks for businesses. I think that is one of the best ways to stimulate growth.
And without a doubt, raising [...]
By Art Smith. Posted Tuesday, Sep 30, 2008 at 6:12 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, ANWR, Drill Baby Drill, Economy, Energy, Featured, Foreign Oil, Markets, US Congress
The ban on offshore drilling expires tonight at midnight Eastern Time. At this writing, that’s just five hours away.
Congress was incredibly preoccupied during the weeks following its lengthy vacation, and could not (supposedly) get the work done to extend the moratorium on drilling for this oil. Such a ban would normally have been included in the [...]
By Art Smith. Posted Monday, Sep 29, 2008 at 10:32 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Bipartisanship, Economy, Energy, Iowa, Leonard Boswell, Markets, Recession, US Congress, US Treasury
My cohort DJ is going to disagree with me. Just you wait and see.
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Today did not scare me. It did surprise me, because I didn’t think that Congress had the ability to face down the President, Treasury Secretary and their own part leaders all at the same time. (For the votes [...]
By Art Smith. Posted Tuesday, Sep 9, 2008 at 5:00 am Filed Under: 2008 Congressional Election, ANWR, Accountability, Chuck Grassley, Democrats, Drill Baby Drill, Economy, Energy, Featured, Foreign Oil, If you won't vote for us we won't vote for you, Leonard Boswell, Nancy Pelosi, Tom Harkin, US Congress
Crude oil dropped to $105/bbl Monday, down $1.26. After hours the price continued to fall, as of midnight it was hanging around $102/bbl.
Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%. According to most Democrats, this would only be possible if actual [...]
During Rudy Giuliani’s speech at the Republican National Convention tonight, the crowd got so stirred up on the oil drilling issue, they interrupted his speech for a couple of minutes while they chanted (I believe):
“Drill, Baby, Drill!”
It was another inspiring moment produced spontaneously by a group who clearly believe we should use and manage the [...]
After dropping $10/bbl during the day, the price of crude settled down $5 after fears of interruptions in production from Gustav failed to materialize
It really stinks when people are disappointed that nothing bad happens.
That said, it appears we’ve dodged the bullet on the hurricane, although we cannot forget the loss of life and property that [...]
By Art Smith. Posted Saturday, Aug 30, 2008 at 11:54 pm Filed Under: 2008 Congressional Election, ANWR, Abortion, Barack Obama, Economy, Energy, Integrity, John McCain, Republican Party, Sarah Palin
The Left is going absolutely bonkers over the selection of Sarah Palin to run for Vice-President on the GOP ticket.
There’s also a lot of negative comments coming from the Right, although not quite as emotionally charged as those from the Left.
Christopher Patton of The Podium, aka DI Blog (that is, Daily Iowan, I believe) had [...]
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