Category Archives: Economics

“Shovel Ready” Jobs

Why does the Left hate work?

Some on the right think this strategy is part of a grand plan. They see an increase in the number of Americans who are dependent on the federal government as beneficial to Democrats, who largely win the votes of those to whom they offer ever-higher benefits and welfare. I refuse to imagine that any such insidious thinking is behind the left’s refusal to embrace job creation.

I believe, instead, that it springs from a wide-spread lack of private sector experience. President Obama believes the government can right all wrongs – that’s the wellspring from which community activists derive their inspiration. It is a philosophy that has done great damage to this country in recent years – and we’re not out of the woods yet.

I think she’s too kind.

The National Climate “Assessment”

Judith Curry has the goods on this latest bout of junk science:

My main conclusion from reading the report is this: the phrase ‘climate change’ is now officially meaningless. The report effectively implies that there is no climate change other than what is caused by humans, and that extreme weather events are equivalent to climate change. Any increase in adverse impacts from extreme weather events or sea level rise is caused by humans. Possible scenarios of future climate change depend only on emissions scenarios that are translated into warming by climate models that produce far more warming than has recently been observed.

Roger Pielke approves.

Cancer

Have they really found a cure?

…the developments at Penn point, tantalizingly, to something more, something that would rank among the great milestones in the history of mankind: a true cure. Of 25 children and 5 adults with Emily’s disease, ALL, 27 had a complete remission, in which cancer becomes undetectable.“

It’s a stunning breakthrough,” says Sally Church, of drug development advisor Icarus Consultants. Says Crystal Mackall, who is developing similar treatments at the National Cancer Institute: “It really is a revolution. This is going to open the door for all sorts of cell-based and gene therapy for all kinds of disease because it’s going to demonstrate that it’s economically viable.”

Also:

“I’ve told the team that resources are not an issue. Speed is the issue,” says Novartis Chief Executive Joseph Jimenez, 54. “I want to hear what it takes to run this phase III trial and to get this to market. You’re talking about patients who are about to die. The pain of having to turn patients away is such that we are going as fast as we can and not letting resources get in the way.”

Yes. Faster please.