The United States in 2010 slipped to third in the world in the amount of private capital invested in the clean energy sector, according to a recent report by the Pew Charitable Trusts.
The U.S. saw $34 billion in private equity invested in the sector last year, a 51 More…
Some bad news for immigrants: The unemployment gap between immigrants and native-born citizens has expanded during the recession and will likely remain until long after the recession ends, according to a BBC World Service/Migration Policy Institute report released Thursday. This has impacted immigration levels in all five developed More…
Yale economist Robert Shiller has a column on inflexibility in the labor markets that provides commonsense insight into the current unemployment situation. To explain why the market for, well, human-provided work does not function like the market for, say, corn, he cites Truman Bewley’s paper, “Why Wages Don’t Fall More…
BERLIN — President Obama’s push for additional economic stimulus is not just hitting a wall in Congress. The president has also been rebuffed by the largest European countries — with potentially profound consequences for the U.S. economy and Obama’s national agenda.
[Economy1] In the run-up to the G-20 summit in More…
In Geneva, where the U.S. delegation has arrived in advance of tomorrow’s multilateral negotiation with Iran’s nuclear program, senior U.S. diplomats set expectations for the talks in a background briefing for reporters. The key points: the disclosure of the hidden nuclear facility at Qom has “strengthened the sense of More…
Portugal has agreed to take two Syrians held at the U.S. military prison in Guantanamo Bay, Al Jazeera reported yesterday. The deal was apparently reached last week, but didn’t get a whole lot of attention.
Portugal is the third European Union country to accept Guantanamo prisoners More…
During President Obama’s Cairo trip earlier this month, the press corps finally uncovered the truth about President Obama: by saying “shukran” — the Arabic word for “thanks” — to an Arabic-speaking audience, he secretly converted to Islam. Today the story gets even curiouser.
German Chancellor Angela Merkel visited the More…
President Obama is pushing a compromise cash-for-clunkers program that will bridge the gap between two competing bills and provide a sliding incentives scale, whereby drivers will receive a cash voucher for trading in their old cars for more fuel-efficient ones — the greater the increase in efficiency, the More…
In his speech on the auto industry yesterday, President Obama promoted the idea of a so-called “cash-for-clunkers” program that would offer financial incentives for people to trade in their old gas-guzzlers for more fuel-efficient vehicles. “Such fleet modernization programs, which provide a generous credit to consumers who turn in More…
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