Without California’s new law to limit carbon dioxide and other greenhouse gas emissions from automobiles, the state will suffer “changes in sea levels, increased water supply problems and wildfires” as a result of global warming. At least that is what…
History may take different view of market downturn
“Until some of these guys go to jail, we are not going to see a correction in the market.” When I read that phrase in a letter to the editor a few weeks ago, my mind boggled. The market was…
Declines, rebounds happen
If you’re an investor who was stunned by Friday’s 4.6 percent drop in the Dow Jones industrial average, economic history can put the fall in perspective. And it even can supply a good news-bad news joke. The perspective is that…
Bush’s inaction hurts in long run
President Bush and his beleaguered SEC chief, Harvey Pitt, have gotten “behind the market” on the issue of how corporations account for stock options given to CEOs and other employees as part of their compensation packages. Being “behind the market”…