James Pethokoukis

One more reason why cap-and-trade is in trouble

May 21, 2009

Some interesting factoids from a new Pew Research poll (bold is mine):

In the new poll, 51% agree that protecting the environment should be given priority even if it causes slower economic growth and some job losses, down from 66% in 2007. At the same time, the share saying that people should be willing to pay higher prices in order to protect the environment has dropped from 60% in 2007 to 49% currently. This represents a 17-year low point on this measure. Surprisingly, declines since 2007 in support for economic sacrifices to protect the environment have been particularly large among young people and political independents.

The science of bank solvency

May 19, 2009

Because everyone in Washington wants to take a bite at the delicious apple that is the Wall Street meltdown, the Investigations and Oversight subcommittee of the House Science and Technology committee held a hearing today on the “Science of Insolvency.” Now I was hoping to get a panel chock full of new-fangled “econophysicists.” Instead I had to settle for Columbia’s Jeffrey Sachs, blogger and former IMF economist Simon Johnson, Dean Baker of the Center for Economic and Policy Research and David John of the Heritage Foundation.

In Medias Res

May 19, 2009

Greetings! I am the new Washington-based Money & Politics columnist and blogger for Reuters. I will be writing about the big picture U.S. economy and economic policy. Think of my beat as the nexus of Washington and Wall Street, how politics and policy affect the economy and how the economy affects politics and policy. In short, political risk. Previously, I held the same position at U.S.News & World Report magazine. More to come …