Environmentalists have long been pushing for a transition from fossil fuels to clean and renewable energies. Elon Musk, CEO of Tesla and SpaceX, has said that people are running “the dumbest experiment in history” by continuing to burn oil, coal and gas. He argues that even if we find new ways to extract oil in tar sands or in the ocean, fossil fuel must come to an end either when they have... Read More
“It will be repealed and replaced and we’ll know […] that’s what I do, I do a good job”, so were the words President-Elect Trump spoke during a 60 Minutes interview on November 13th. Elected on a platform which promised to repeal the Affordable Care Act (henceforth “ACA”), Donald Trump benefited from a w... Read More
The nuclear energy dilemma in Trump’s era
Introductions: context, debates, and urgency
After the Fukushima Daiichi disaster of 2011, nuclear energy has been facing challenge after challenge: global public support for nuclear energy generation has decreased, major countries with significant nuclear capacity have announced phase-outs or complete shutdowns of existin... Read More
Anthropogenic activity, both at the private and at the industrial level, continues to raise the salience of climate change. With the advent of new technologies and increased capacity in the scientific field, climate change has not only been proven to exist but has also been shown to have a detrimental impact on future generations. Despite this overwhelming evid... Read More
With unemployment still hovering near 8 percent, President Obama has made it a second term priority to increase economic growth. Yet the president’s own policies, which have lead to a significant growth in the size and cost of government, may make it difficult, if not impossible, for the United States to grow at the rate necessary to significantly increase employment.
Much attention re... Read More
Charles Calomiris considers the challenges and social costs of bank capital requirements. He proposes that contingent convertible bonds (CoCos) and cash requirements supplement traditional capital requirements to produce stronger, market-based incentives for banks to monitor their risks properly and thereby reduce the likelihood of future crises.
One of the central lessons of th... Read More