Category: Politics and Society

We’re not going back to normal

Social distancing is here to stay for much more than a few weeks. It will upend our way of life, in some ways forever. To stop coronavirus we will need to radically change almost everything we do: how we work, exercise, socialize, shop, manage our health, educate our kids, take care of family members. MIT Technology Review

Jeffrey Frankel: Will the Coronavirus Trigger a Global Recession?

The COVID-19 outbreak seems to have raised the odds of a global recession dramatically. But even if no downturn materializes in the near term, the outbreak, together with US President Donald Trump’s trade policy, may herald the end of the era when steadily rising international trade buttressed global peace and prosperity. Project Syndicate

Gernot Wagner: The True Price of Carbon

For decades, economists have been wrestling with how best to weigh the current cost of emissions reductions against costs that will come years or even centuries from now. But a consensus has proved to be elusive, because traditional economic models don’t treat atmospheric carbon like an asset. Project Syndicate

Denmark Approves Route for a Controversial Russia-German Pipeline

Denmark gave permission on Wednesday for a natural gas pipeline from Russia to Germany to pass through waters in its exclusive economic zone, meaning that the project, Nord Stream 2, can be completed despite sharp criticism from the United States, Ukraine and Poland. With nearly all of its 2,400 kilometers of pipe already laid, Nord Stream 2, wholly owned by Russia’s Gazprom, should be completed roughly on schedule early next year. It is actually a pair of pipelines, complementing a previous pair, Nord Stream 1, and will double capacity to 110 billion cubic meters, or about 3.9 trillion cubic feet.

Rachel Maddow: BLOWOUT – Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth

A rollickingly well-written book, filled with fascinating, exciting and alarming stories about the impact of the oil and gas industry on the world today. While she is clearly animated by a concern about climate change, Maddow mostly describes the political consequences of an industry that has empowered some of the strangest people in the United States and the most unsavory ones abroad. New York Times