Gregg Easterbrook

Rethinking hiring and employment

February 10, 2011

In all respects save employment numbers, the United States economy is back to normal. Real growth in 2010 was 2.9 percent — not spectacular, but any developed nation would take that figure. The adjusted U.S. GDP just rose back above its prior peak of late 2007 — meaning U.S. economic output has never been higher than right now. Sales numbers are good across most industries, corporations are sitting on ample cash, banking and equity liquidity is fine, no primary resource is scarce and the index of Standard & Poor’s 500 earnings per share is at an all-time high.

Obama, don’t fear change in Egypt

February 1, 2011

EGYPT-USA/Egyptian president Hosni Mubarak has announced he will not stand for reelection in the fall, Reports are that Egyptian president Hosni Mubarak will not stand for reelection in the fall, and one reason for Mubarak’s decision is that President Barack Obama privately urged this course.

Obama must say ‘no’ to federal spending

January 26, 2011

obamaSOTU2011President Barack Obama’s conciliatory tone in his State of the Union Address was exactly what the country needs at this moment. And once again, Obama showed he is the best political orator since Ronald Reagan.

Undisciplined spending in the name of defense

January 20, 2011

AUSTRALIA-FIRES/Defense Secretary Robert Gates just proposed cutting the military and security budget  by $78 billion over five years — perhaps only a downpayment on coming further reductions. Secretary Gates’s list of proposed cuts includes high-profile projects and weapons. But he does not mention the National Geospatial-Intelligence Agency, an exemplar of undisciplined spending in the name of defense.

Cars on the catwalk

January 12, 2011

Every year at New York’s Fashion Week, models strut in dresses that are flamboyant, expensive and wildly impractical. The concept cars on display annually at the North American International Auto Show are the same, only made of metal rather than fabric.

American exceptionalism and the DMV factor

January 6, 2011

Everyone’s mad at public-employee unions. Republicans in the House and Senate are denouncing them. Republican governors such as Chris Christie of New Jersey are blaming unionized public workers for state budget woes. Even new Democratic governors including Andrew Cuomo in New York and Jerry Brown in California are saying public employees are overpaid, or retire too early with too-lavish pensions, or both.

The wonder of the universe

December 22, 2010

SPACE-HOLE/

Tuesday morning, I rose at 2 A.M. and stood for an hour in the freezing cold to watch a total eclipse of the full moon, occurring on a solstice: a conjunction that last occurred in 1638, and won’t occur again until 2094. Standing there, I wondered if this exceptional moonglow would give me a superpower — nothing to report yet. The sense of awe I felt right away.

The good and bad of 2011

December 15, 2010

With 2011 around the corner, what big developments might be expected in the coming year? Here are a few possibilities, bad and good:

Tax cuts and giveaways won’t save the economy

December 8, 2010

“If we don’t take meaningful steps to rein in our debt, it could …  jeopardize our recovery.”

What we should be taxing: greenhouse gases

December 1, 2010

CLIMATE/

Bravely, international diplomats, United Nations officials and environmentalists are meeting in Cancun this week to demand that other people use less fossil fuel. Bravely they met in Copenhagen a year ago to make the same demand, after also bravely meeting in Bali, Montreal and similar resort locales in prior years.