Lynne Kiesling Last Monday Mike asked “do you know what the car company of the future should look like?” The various politicians and bureaucrats who have been wrangling over the auto bailout requests think they do. The management of the “Big Three” have a vision that their shareholders have authorized them to pursue, but for …
Bailouts and Stimuli: the Hubris of Centralized Control Read More »
Lynne Kiesling One of the most fascinating cases in environmental economics and business is Walmart. Over the past five years, Walmart has turned their famous supply-chain management sights on reducing the environmental impact of the products they sell while still keeping their costs, and therefore retail prices, as low as before. This Fortune magazine article …
Lynne Kiesling One of the most fascinating cases in environmental economics and business is Walmart. Over the past five years, Walmart has turned their famous supply-chain management sights on reducing the environmental impact of the products they sell while still keeping their costs, and therefore retail prices, as low as before. This Fortune magazine article …
Lynne Kiesling One of the most interesting entrepreneurial developments in the past couple of years is Project Better Place, which has one of the most well-articulated corporate visions I’ve ever seen. Their business model: evolve beyond using oil-based transportation fuels by constructing a network of charging stations and battery swap stations for electric vehicles. Their …
Project Better Place’s Electric Vehicle Network, Now Coming to Hawaii Read More »
Lynne Kiesling There are still so many dimensions on which to oppose a taxpayer-funded bailout of the U.S. auto industry, the mind boggles … let’s start here: this Wall Street Journal article summarizes the current proposal from the “Big Three” U.S. auto manufacturers. This article provides a very useful set of facts about November vehicle …
U.S. Auto Bailout: Still a Ridiculously Bad Idea Read More »
Michael Giberson From the Steven Mufson article in the Washington Post, The Car of the Future — but at What Cost?: Many members of Congress believe they know what the car company of the future should look like. “A business model based on gas — a gas-guzzling past — is unacceptable,” Sen. Charles E. Schumer …
Do You Know What the Car Company of the Future Should Look Like? Read More »
Michael Giberson Platts reports an airline financial analyst as telling an industry group that hedging fuel costs is a waste of time. The world’s airlines should stay away from trading oil derivatives and hedging in general because the exercise had proven to be “a waste of time,” the head of Asia transport research at Swiss …
Does Hedging Against Fuel Price Movements Increase Airline Value? Read More »
Michael Giberson Chris Davis at Discovery News: Powrtalk: Automakers must be allowed to fail if they are to succeed. To date they’ve been supported just enough to muddle somewhere above the line of failure. But failure at least allows concrete recognition that the current model does not work. Creating the possibility for new models, new …
“Automakers Must Be Allowed to Fail if They Are to Succeed.” Read More »
Lynne Kiesling Reason’s Shika Dalmia has been making some libertarian-friendly Cabinet recommendations, and in her discussion of possible candidates for Secretary of Energy, she reminds us of a great idea floated jointly by Ed Crate of the Cato Institute and Carl Pope of the Sierra Club a few years ago, in 2002: But there is …
A Subsidy-Free Policy for Green Energy and Innovation Read More »
Lynne Kiesling In yesterday’s meeting in Chicago between President-elect Obama and Senator McCain, Mr. Obama said that they were going to discuss how to “work together to fix up the country”. This language really rankles me. It also rankles Russ Roberts, whose comments on this remark reflect my dislike of the “fix the country” metaphor: …
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