[OP-ED]: The curse of middle-aged capitalism -- for Trump and all of us

 08/21/2017 - 13:57
In 1995, the largest five firms by market “capitalization” (the value of a company’s shares) were old-line businesses: Exxon, AT&T, Coca Cola, General Electric and Merck. By 2015, only Exxon (now Exxon Mobil) remained.

 A persisting puzzle about the U.S. economy is how it can seem both strong and weak. On the one hand, it remains a citadel of innovation, producing new companies like Uber. On the other, the economy is expanding at a snail’s pace of 2 percent annually since 2010. How could both be true? Why isn’t innovation translating into faster growth? The answer -- or part of the answer -- is that American businesses are running on two separate tracks. Call them the “youthful” and “middle-aged” tracks.

Monday, August 21, 2017 - 1:43pm

[OP-ED]: The messy reality of global warming

 06/07/2017 - 10:10
Based on present technology and knowledge, we don’t know how to solve global warming. There is no obvious way to eliminate our pervasive dependence on fossil fuels without plunging the world into a prolonged depression and inviting widespread civil strife. 

There was no need for President Trump to withdraw the United States from the Paris climate agreement to achieve his goal of overturning the Obama administration’s global warming policy. This had already occurred through court rulings and executive orders, which effectively halted higher vehicle fuel economy standards (up to 54.5 miles per gallon) and ended the Clean Power Plan program, which pushed electric utilities to shift away from coal.

Wednesday, June 7, 2017 - 9:45am