Keystone XL’s Goose is Cooked OilPrice
Commodity supercycle in rude health despite shale Ambrose Evans-Pritchard, Telegraph
What’s Behind the New Chinese Crackdown? New York Review of Books
Italy Banks Bad Loans Underline Southern Europe Malaise Bloomberg
$11bn hole found in Greek finances Guardian
I was looking for a graph like this on fracked gas wells:
Quite soon one runs out of shale.
Krugman:
31 Comments
Chaos Looms
Is economic/political commentary like writing detective stories? In some ways, I think, it is; certainly I have always taken to heart some passages in Raymond Chandler’s The Simple Art of Murder, especially the passage in which he distinguishes between the inherent importance of themes and the extent to which they are a good subject for writers:Other things being equal, which they never are, a more powerful theme will provoke a more powerful performance. Yet some very dull books have been written about God, and some very fine ones about how to make a living and stay fairly honest.Right now, if inherent importance were all that mattered, I wouldn’t be writing about the effects of sprawl, or the Fed succession, or even, probably, about China’s brick-wall problem. I would instead be writing all the time about the looming chaos in U.S. governance.
In the short run the point is that Republican leaders are about to reap the whirlwind, because they haven’t had the courage to tell the base that Obamacare is here to stay, that the sequester is in fact intolerable, and that in general they have at least for now lost the war over the shape of American society. As a result, we’re looking at many drama-filled months, with a high probability of government shutdowns and even debt defaults.
Over the longer run the point is that one of America’s two major political parties has basically gone off the deep end; policy content aside, a sane party doesn’t hold dozens of votes declaring its intention to repeal a law that everyone knows will stay on the books regardless. And since that party continues to hold substantial blocking power, we are looking at a country that’s increasingly ungovernable.
The trouble is that it’s hard to give this issue anything like the amount of coverage it deserves on substantive grounds without repeating oneself. So I do try to mix it up. But neither you nor I should forget that the madness of the GOP is the central issue of our time."
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Health
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Opinion
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Business Day
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N.Y. / Region
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U.S.
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Business Day
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N.Y. / Region
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Opinion
Mr. Stringer’s Choice
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Health
Fainting in Heat
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Opinion
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Sports
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Business Day
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Technology
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I carry a dumb phone. I hope I am not of interest.
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Health
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N.Y. / Region
Where Rent Is Stabilized, Reopening After Storm Is No Certainty
The structure, damaged by time and Hurricane Sandy, has been declared unsafe, and owners and tenants disagree on whether it is worth saving.
Rent Control and
Stabilization; Hurricane
Sandy (2012); Real
Estate and Housing (Residential);
Suits and Litigation (Civil);
Restoration and Renovation;
Looks landmarked to me. I am cheering for the tenants.
+++++++++++++++++++++++++++++++++++++++++++++++
@20:02
Looks landmarked to me. I am cheering for the tenants.
+++++++++++++++++++++++++++++++++++++++++++++++
@20:02
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Booming
A New Way to Read Booming
Starting on Tuesday, Aug. 6, Booming will publish a weekly e-mail newsletter, highlighting a week’s worth of features.
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Business Day
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Opinion
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Business Day
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Opinion
Mr. Stringer’s Choice
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World
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Business Day
Sadly, Too Big to Fail Is Not Over
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World
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Opinion
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Science
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World
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