Tab Dump

• CBO Score for Kerry-Boxer Cap and Trade legislation


• Samuelson, 1958


• Ubuntu GUI backup utility


• Angry Bear on Taxes and Spending


• IMF on Climate Change


• Tom Friedman: Amoral idiot

The Real Deal on Cap and Trade

In New Deal for U.S. Climate Policy? at The Baseline Scenario, Jim Boyce outlines the Cantwell-Collins CLEAR (Carbon Limits and Energy for America’s Renewal) Act, a superior alternative to the cap and trade portion of the Waxman-Markey (ACES) act that passed the House earlier this year.

See this post for more.

Mankiw brings the funny

By pointing us to Colbert on the Fed. Thanks, Greg!

Royal Society publishes classic papers online

The Royal Society's Trailblazing website has classic papers from its history, dating back to 1666. You can read scanned pdfs of the originals. I just read Newton's "Theory on Lights and Colours" from 1672. Amazing!

(h/t BoingBoing)

New LIMEW Report

Has Progress Been Made in Alleviating Racial Economic Inequality? Long story short: very little since the 1960s, and if you look at the experiences of African and Hispanic Americans separately from that of Asian Americans, things have gotten worse in the last twenty years.

CBO Brief on Costs of Cap and Trade

In an Economic and Budget Issue Brief released today, the Congressional Budget Office reviews various aspects of the costs of achieving greenhouse gas emissions reductions. Here's a take-away from the conclusion:

CBO concluded that under H.R. 2454 the loss of aggregate purchasing power would increase from about 0.1 percent in 2012 to 0.8 percent in 2050. Those losses would be distributed in ways that tend to benefit lower-income households. In 2020, households in the highest income quintile would see a loss in purchasing power of 0.1 percent of after-tax income, and households in the middle quintile would experience a loss equivalent to 0.6 percent. Households in the lowest quintile, by contrast, would see an average gain of 0.7 percent. By 2050, households in the highest quintile would see a loss in purchasing power of 0.7 percent of after-tax income, and households in the middle quintile would see a loss of 1.1 percent. Those in the lowest quintile would see a 2.1 percent increase.

H.R. 2454 is the American Clean Energy and Security Act of 2009, also known as Waxman-Markey (it's nowhere near as good as H.R. 1862, the Cap and Dividend Act of 2009 introduced by Rep. Van Hollen, which is considerably shorter, clearer, auctions all permits, and distributes all of the proceeds minus administrative costs to every legal resident on a monthly basis). Good to remember the next time some know-nothing congressperson emotes about the huge cost of cap and trade legislation to the people that he or she claims to care so deeply about.
(thanks to Jim Boyce for the tip about the Van Hollen bill)

Steelworkers Partner with Mondragón

This should be very interesting. h/t to: US Solidarity Economy Network and SolidarityEconomy.net.