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Looks like another federally backed solar energy plant has gone bust. Bloomberg News reports, “A $1 Billion Solar Plant Was Obsolete Before It Ever Went Online.” In 2011 the $1 billion [Crescent Dunes] project was to be the biggest solar plant of its kind, and it looked like the future of renewable power. Citigroup Inc. and other financiers
READ MOREIn his new book Enlightenment Now and in his McLaughlin Lecture at the Cato Institute this week, Steven Pinker made the point that we may fail to appreciate how much progress the world has made because the news is usually about bad and unusual things. For instance, he said, quoting Max Roser, if the media
READ MOREJournalists are now reporting regularly on the crisis in Venezuela, with shortages of everything from toilet paper to food and now daily street protests. What the news reports too often miss is, Why? Why is a formerly middle-class, oil-rich country now so desperately poor? The Weekly Standard notes a New York Times article, “How Venezuela
READ MOREThe U.S. ambassador to the United Nations, Nikki R. Haley, told George Stephanopoulos on ABC’s “This Week” yesterday that “the president is the CEO of the country,” and thus “he can hire and fire whoever he wants. That’s his right.” Leaving aside the question of whether the president can fire everyone in the federal government, she is wrong on
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