James Pethokoukis

3 reasons why cap-and-trade is in trouble

September 8, 2009

The man who will almost certainly become Japan’s next prime minister, Yukio Hatoyama, is promising to cut the nation’s greenhouse gas emissions by 25 percent from 1990 levels by 2020.

More on the weak U.S. labor market

September 8, 2009

This analysis from Ed Yardeni:

Based on the previous two cycles, the unemployment rate should peak in 15-19 months, or sometime between September 2010 and January 2011! When might employment recover? The previous two experiences suggest this might occur within the next 11-21 months after June, or between May 2010 and March 2011.

Globalization and war

September 8, 2009

Something to think about  from Tom Barnett when contemplating globalization and the revolt against it:

Why economic insecurity isn’t helping Democrats

September 8, 2009

Some Democrats thought they would have a much easier time pushing through changes in healthcare, trade and labor policy thanks to the recession. The theory was that economic insecurity would nudge people toward the warm embrace of government.  Obviously that does not seem to be happening. Indeed, past polls showed that economic downturns actually make people more skeptical of Big Government. Apparently, that is also true of Big Labor. This from a recent Gallup poll:

America’s battered labor market

September 8, 2009

David Rosenberg of Gluskin Sheff analyzes thusly:

1) Jobless claims stuck at 570k — basically in line with a sustained 200k-300k payroll losses.