Alexander Morse, researcher at Rockefeller Institute, reports CO₂ emissions will fall 5% this year. CO₂ has fallen by 20% in Wuhan, while microscopic atmospheric debris fell by 71% since March 24th in India. Neither Morse, nor we, are suggesting this is the solution to our ecological problems, or that we focus on anything outside health and relief right now, but such a dramatic reduction is important knowledge. (Pioneer 10’s images of Jupiter, from NASA, where everything is free.) For the future, we could try carbon-cost programs. Some estimates of social costs per ton run to $400: The Obama administration estimated between $42 to $62 per ton; the Trump administration between $1 to $7 per ton. So let’s turn to the […]
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May state employment: At what cost?
The Bureau of Labor Statistics released state-level employment data for May this morning. Looking over the last two months, where things stand...
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In the US profits = 31% of wage bill; make that 258% in Luxembourg
The Washington Post’s Dana Milbank writes that one of the largest provisions in the relief bill, a $170 billion tax giveaway, “appears...
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Little Wonder the BQE is about to Fall Over
For another striking measure of shortfalls in public and private investment, check out the graph below. These are real dollar amounts, not percentages...