No, Wait! You Got It Backwards! – Well, so much for any hint of "change" in the administration's policies toward the banking industry. The Treasury's plans to buy convertible preferred shares in the banks is completely backwards – giving a put option to the banks, instead of getting a call option in exchange for the risky investment. Taxpayers are guaranteed to be screwed. (tagged: treasurybanksbailoutgeithnerobamaeconomicsfinance )
The Case Against Home Ownership – An infrequently made point in the US: owning is often more expensive, and less convenient, than renting… and that's even before you account for the massive government incentives that have been put in place since WWII to encourage people to buy their own place. People frequently look at me like I'm crazy when I suggest we should just live close to where we work as a way to avoid the expenses of driving, or the inconveniences of (bad) public transit. (tagged: subsidytransportationhousingeconomicssuburbiaplanningtaxes )
Copenhagen to continue Copenhagenizing – Denmark's take on "economic stimulus": massive investments in public transit and bike infrastructure. In a nation of 5 million, they're committing $16 billion over the next 10 years, which is about $1/day per person (which is less than 1/5 what the average US family spends on their automobiles) Regional rail, intra-city light rail. Bike lanes and paths. Road pricing for drivers. Etc, etc. I'm glad someone is setting a good example. It will be interesting to see how the world responds to Copenhagen later this year, when the next round of climate talks takes place. I can't think of a better city to represent my hopes for the future. (tagged: transportationpoliticscopenhagenbicycleraildenmarkstimulus )
NYPD fires rookie cop caught on YouTube video bashing bicyclist – Last fall a cyclist was body checked off their bike by a cop in the midst of a Times Square Critical Mass ride. Said event was recorded via cameraphone. Cop perjured himself in official report, claiming cyclist ran into him intentionally. Video viewed on YouTube 2 million times. Cop now unemployed and facing 4 years in prison for assault, falsifying documents. Sometimes we win. Makes me want to record just about everything. (tagged: bicyclepolicetransparencyyoutube )
PACE Lives! The Federal Housing Finance Administration is taking public comments on Property Assessed Clean Energy financing programs, at the insistence of California's 9th Circuit court of appeals. Here's what I told them:
Property Assessed Clean Energy financing programs, as have been initiated by many states and local governments, are a potentially transformative financing mechanism, enabling property owners to make good long term investments in energy efficiency and behind-the-meter renewable energy production. They address a market failure, in that buyers often do not appropriately integrate a property's energy costs into their price assessment. So long as the state and local PACE programs are
Climate Denial Instruction In Schools Corporate interests are pushing a model bill in many states that would require schools to teach climate change denial. It sounds creepily reminiscent of the creationism/evolution mess from a few years ago. Except with the fossil fuel industry instead of the religious right behind it. Gah.
Vision Prize Vision Prize is an expert poll on the nature of the climate risks we face, meant to demonstrate the degree of consensus (or the lack thereof) amongst those able to judge the evidence. It's put together by Carnegie Mellon University. Will be interesting to see what the results look like...
Open Climate Science Course The University of Chicago has created an Open Courseware style Climate Science 101, with videos of the lectures and self-assessment materials online. It's aimed at non-science undergraduates. If you, or someone you know, want to get a little more in depth knowledge about climate science on their own time, it's a great resource.
Think Again: Drugs A great roundup of the myths surrounding the Drug War, and the cogent arguments against continuing our ridiculous, harmful, and expensive policy of ideological prohibition.
