Oil Spill Culprits Run Deep
Posted in Main Blog (All Posts) on May 29th, 2010 4:32 am by HL
Oil Spill Culprits Run Deep
Charles Krauthammer, Orange County Register
Here's my question: Why were we drilling in 5,000 feet of water in the first place? Many reasons, but this one goes unmentioned: Environmental chic has driven us out there. As production from the shallower Gulf of Mexico wells declines, we go deep (1,000 feet and more) and ultra deep (5,000 feet and more), in part because environmentalists have succeeded in rendering the Pacific and nearly all the Atlantic coast off-limits to oil production. (President Obama's tentative, selective opening of some Atlantic and offshore Alaska sites is now dead.) And of course, in the safest of all…
A New Vision of School Reform
Pedro Noguera, The Nation
Before his election President Obama carved out what many regarded as a more progressive and enlightened position on education reform. Recognizing that No Child Left Behind (NCLB) had become widely unpopular because of its overemphasis on standardized tests, he declared, “Don't tell us that the only way to teach a child is to spend too much of the year preparing him to fill out a few bubbles in a standardized test.” He pledged to lead the nation in a different direction.We are still waiting for a change of course. Since the election, the president and his secretary of…
What Keeps Charles Schwab Awake at Night?
Betsy Morris, BusinessWeek
In 12 years as a retail financial consultant for Charles Schwab (SCH), George Pennock thought he had seen every kind of market. Then, on May 6, he and his 250 clients lived through something new. Pennock was in Schwab's office in Englewood, Colo., just outside of Denver, talking by phone with a retiree who moved his money to Schwab last year because he says he felt suckered by his old broker. While they spoke, Pennock kept an eye on his computer screen and saw the Dow drop 250 points, bounce sideways, then go into free fall"”300, 400, 900 points down. His client was…
