Daily Archives: October 15, 2012

Research Triangle Energy Consortium director discusses the ‘promise and peril’ of fracking for shale gas

“Shale gas has the potential to materially improve the economic lot of every citizen of the U.S.” That sentence begins the concluding chapter of Vikram Rao’s recent book, Shale Gas: The Promise and the Peril. Rao, executive director of the Research Triangle Energy Consortium, discussed key themes from his book during a presentation today toContinue Reading

The “successful” auto bailout

Obama’s claim that the auto bailout (well, two companies — GM and Chrysler) was a great success only works on economically clueless people. Here, Dan Mitchell explains why, when you consider all the costs, the bailout was a blunder. Good video embedded in the piece.

Obama and FDR

Dan Mitchell of Cato Institute writes here about the comparison between Obama and FDR. He concludes that, devastating as the Obama administration has been, FDR did more damage. I agree, but we must remember that Obama has only had 3 years and 9 months at his wrecking ball. What will happen if he gets fourContinue Reading

New at CJO: N.C. House District 118 election profiled

Kristy Bailey profiles the N.C. House District 118 race for Carolina Journal Online.

Ah, tolerance and civility

The planet stopped warming 16 years ago

Something that comes as no surprise to anyone who has been following temperature trends over the last decade or so has now been acknowledged in a release from the Britain’s Met Office Hadley Center and the Climate Research Unite at East Anglia–these are the keepers of the data primarily used by the United Nation’s IPCC.Continue Reading

Latest dispatches from the campaign trail, October 15, 2012

• Mudslinging. Republican Nathan Ramsey and Democrat Susan Wilson, battling for House District 115, are complaining about the ads in the race run by each other and outside groups.   • Pull up a chair. Republican gubernatorial candidate Pat McCrory skipped a candidate forum Saturday hosted by the state NAACP, so Democratic opponent Walter DaltonContinue Reading

More heartburn for those who fear the Fed

If you believe the Federal Reserve deserves much of the blame for the nation’s current economic woes, you’ll likely cringe when you read the following excerpt from the latest Bloomberg Businesweek: Under [Ben] Bernanke’s chairmanship, the Federal Reserve has resorted to measures that are unprecedented in the bank’s 99-year history. It lowered its target interestContinue Reading