Emissions dropped in 2009, but research now shows they rebounded quickly in 2010, setting a new all-time record. Economist Nicholas Stern said emissions are "now close to being back on a 'business as usual' path."
Over the past 50 years, the pleasure principle -- the id -- has dominated American society. The result has been "idonomics," in which the id dominates not only the marketplace, but also politics, media, technology and even our personal relationships.
The purpose of finance is to allocate capital efficiently. We'd better ensure the next generation of leaders in finance have learned that efficiency means so much more than a narrow focus on profit maximization.
When Roosevelt said, "I see one-third of a nation ill-housed, ill-clad, ill-nourished," Americans knew their president was with them. This attitude was the basis of his rapport with the public, and for his three re-elections.
Jobs numbers were hailed as good news on Friday, with employers adding more than 200,000 jobs last month, and the unemployment rate ticking down to 8.8 percent. Less attention was given to the downside of these numbers.