Legal penalties for greenwashing could force Aussie companies to declare their total lack of interest in climate action.
Will Australia’s Mandatory Climate Reporting make Greenwashing Illegal?
Will Australia’s Mandatory Climate Reporting make Greenwashing Illegal?
13 Jan 2025 Leave a comment
in economics of climate change, economics of information, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, politics - Australia Tags: climate activists, climate alarmism
Noah Smith on L.A: fire lessons
13 Jan 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of natural disasters, environmental economics, environmentalism, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: unintended consequences
The best piece I have seen so far, here is one bit: Basically, the lessons I take away from the horrific L.A. fires are: The insurance industry as we know it is in big trouble. Climate change is making wildfires worse, but there’s not much we can do about that right now. Forest management needs […]
Noah Smith on L.A: fire lessons
Is ESG investing illegal? In TX it is.
13 Jan 2025 Leave a comment
in financial economics, politics - USA Tags: efficient markets hypothesis, regressive left
Breaking: …US District Judge Reed O’Connor found that the airline breached its fiduciary duty … by prioritizing ESG considerations over the financial interests of participants. … The court criticized American Airlines for allowing its asset manager, BlackRock, to advance goals unrelated to maximizing returns for plan participants. “ERISA does not permit a fiduciary to pursue…
Is ESG investing illegal? In TX it is.
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
13 Jan 2025 Leave a comment
in applied price theory, economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, politics - USA, Public Choice, rentseeking Tags: efficient markets hypothesis
“The news of BlackRock’s departure from NZAM should be music to the ears of every American consumer,” Will Hild, executive director of conservative nonprofit Consumers’ Research, told the Daily Caller News Foundation. “NZAM is an illegitimate cartel of asset managers pushing harmful and costly net zero policies across the entire economy. The activities of NZAM and its members raise prices on Americans everywhere from the gas pump to the grocery store.”
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
Some Links
12 Jan 2025 Leave a comment
in applied price theory, budget deficits, development economics, economic growth, economic history, economics of regulation, entrepreneurship, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, international economics, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment
TweetGMU Econ alum Holly Jean Soto busts the myth of “greedflation.” Scott Lincicome identifies an interesting contrast between the facts and opinion about China. George Will decries the spinelessness of the modern U.S. Congress. A slice: The incoming president will be able, on a whim, to unilaterally discombobulate international commerce — and the domestic economy…
Some Links
Gas Storage Plunges to “Concerningly Low Levels”
12 Jan 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics
But of much greater concern is what will happen when North Sea gas production drops away. Demand for natural gas will still remain high in winter for many years to come – we still need it to heat our homes and generate electricity in weeks like this one. Banning further North Sea development, as Miliband wants, will simply make us ever more reliant on imported LNG, something that will not only cost money but also endanger our energy security.
Gas Storage Plunges to “Concerningly Low Levels”
Woodrow Wilson’s Fourteen Points I THE GREAT WAR WEEK 181
12 Jan 2025 Leave a comment
in defence economics, International law, laws of war, politics - USA, war and peace Tags: World War I
Debanking: Oil companies and the “far right” watch out
12 Jan 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, financial economics, global warming, industrial organisation, politics - New Zealand Tags: climate activists, climate alarmism, competition law enforcement
The decision of the Court of Appeal in the case of BNZ v Gloriavale is here if you want to read it. Gravedodger wrote his views on the topic here. I want to focus on a particular comment in the decision at paragraph [139]. That comment was this one: [139] In particular, we do not […]
Debanking: Oil companies and the “far right” watch out
Willis on targeting vs universality
12 Jan 2025 Leave a comment
in labour economics, politics - New Zealand, welfare reform
The Herald reports: She said the current system was problematic in that many entitlements were claimed by wealthy people and paid for by hiking taxes on workers of all income levels. “There are a lot of entitlements and support that have crept into the middle and upper class, and I would prefer to have a […]
Willis on targeting vs universality
Evolving Returns to Personality
12 Jan 2025 Leave a comment
in applied price theory, econometerics, health economics, human capital, labour supply, occupational choice
Weanalyze trends in labor-market returns to psychological traits using data from half a million Finnish men from 2001 to 2015. Cognitive skills’ value declined, while noncognitive skills’ value increased. Our novel findings show that extraversion drives this rise, while conscientiousness remains stable. Extraversion’s rising returns are most pronounced for lower earners and those on the […]
Evolving Returns to Personality
The Interests of the U.S. and the Honolulu Climate Case Before the U.S. Supreme Court
12 Jan 2025 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights Tags: climate alarmism, federalism
The Supreme Court should grant certiorari on this case. There is a clear conflict between several federal court rulings, specifically and most clearly the Second Circuit’s dismissal of New York City’s virtually identical lawsuit in 2021and the ruling by the Hawaii Supreme Court. Both court rulings reveal a conflict on the issue of whether federal law precludes claims brought under state law and whether a given state may apply its laws to address purported injuries caused by emissions from another state. Moreover, the Hawaii Supreme Court decision clearly is incorrect: Interstate emissions, international emissions, and negotiations with foreign governments inherently are issues for the federal government to address.
The Interests of the U.S. and the Honolulu Climate Case Before the U.S. Supreme Court
With the Trump Sentencing, the Verdict is in . . . for the New York Legal System
11 Jan 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Below is my column at Fox.com on the sentencing of President-Elect Donald Trump. The conviction should be overturned on appeal. However, the most lasting judgment will be against the New York court system itself in allowing this travesty of justice to occur. Here is the column:
With the Trump Sentencing, the Verdict is in . . . for the New York Legal System
Price controls destroy wealth: California Fire Insurance
11 Jan 2025 Leave a comment
in economics of natural disasters, economics of regulation, environmentalism, financial economics, income redistribution, law and economics, politics - USA, property rights, Public Choice, regulation, rentseeking, urban economics Tags: price controls
Noah Smith via Marginal Revolution, and Kim Mai Cutler. The CA insurance regulator is elected, and is reluctant to allow higher rates for fire insurance, despite the big risks, lest she be voted out of office. As a consequence, expected profits are low, so a majority of top insurers have stopped issuing fire insurance in CA.…
Price controls destroy wealth: California Fire Insurance
The Health Research Council
11 Jan 2025 Leave a comment
in health economics, politics - New Zealand Tags: cranks, political correctness, regressive left
In late August 2024, the Minister of Health, Dr Shane Reti, issued updated guidance to the Health Research Council (“HRC”) after years of scandalous funding was revealed. Dr Reti wanted it to fund cures, not Kaupapa, and definitely not spiritual curses. Especially given $126 million is spent in annual “health” research and the government’s books are not […]
The Health Research Council
Mr. Haltiwanger and the Austrians
11 Jan 2025 1 Comment
in applied price theory, Austrian economics, economic history, entrepreneurship, history of economic thought, Israel Kirzner
In November, I chided Austrian economists for neglecting the John Haltiwanger’s empirical work on creative destruction:Around 2000, I discovered that John Haltiwanger, a very mainstream economist, had a pile of empirical evidence vindicating the importance of Schumpeterian creative destruction. That pile is now a mountain. At the time, I tried to get Austrians to start…
Mr. Haltiwanger and the Austrians
Utopia, you are standing in it! 
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