December 10, 2008

Steven Chu to Be Next U.S. Secretary of Energy

Michael Giberson In the news, reports that Steven Chu will be nominated to become the next U.S. Secretary of Energy. Chu, a physicist who won the Nobel Prize in 1997, has been Director of Lawrence Berkeley National Laboratory since August, 2004. Tom Fowler at Newswatch: Energy observes that “Saying ‘the University of California-Berkeley’ and ‘U.S. …

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A New Kp Bailout Rule of Thumb

Lynne Kiesling The KP Spouse and I have evolved a new rule over the course of the succession of fall bailout fiascos: whenever Barney Frank argues for something, the economically sensible and correct public policy is to do precisely the opposite of what he advocates.