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Obama Orders Freeze on Offshore Drilling

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President concedes neither oil companies nor government were prepared for worst-case scenario.

In Washington on Thursday, President Obama addressed widening public anger over the catastrophic oil spill in the Gulf of Mexico, ordering a moratorium on offshore drilling in U.S. waters. The announcement reverses a previous decision to expand offshore drilling off American coastlines. At the White House press conference, the President also said there was too much complacency in goverment prior......read more

The Case for Cap and Trade

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How to tackle climate change — and what it means for the economy.

The cover story of this week's New York Times Magazine is a piece by Paul Krugman on the economics of climate change. In it, the Nobel Prize-winning economist makes a compelling case for the use of market-based tools to limit greenhouse emissions. Crucially, Krugman addresses the economic effects of installing a cap and trade model, presenting a persuasive argument against the idea that......read more

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