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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (339805)	6/8/2007 2:35:09 PM
From: Road Walker	Read Replies (1) \| Respond to of 1573476

That was a good oped from Krugman. I couldn't agree more with this: But news organizations should fight the shallowness of the format by providing the facts — not embrace it by reporting on a presidential race as if it were a high-school popularity contest. Sometimes I wonder if the country even deserves a democracy.

To: combjelly who wrote (339805)	6/8/2007 2:54:39 PM
From: longnshort	Respond to of 1573476

California Climate Change Law May Cost $367 Billion, Study Says By Greg Chang June 7 (Bloomberg) -- California's plan to cut global warming pollution could cost the state's economy as much as $367 billion through 2020, according to a new study that adds to the debate about the potential economic impact of the plan. The study released today by the Electric Power Research Institute contradicts one last year from the University of California at Berkeley, which said that the new rules would boost California's gross state product by $60 billion. Last year the state passed legislation to curb emissions of greenhouse gases such as carbon dioxide to 1990 levels by 2020. The emission rules in California, the most populous U.S. state, could reduce consumption and economic welfare by hurting industries that are heavy polluters, according to the report issued today by the Palo Alto, California-based Electric Power Research Institute, which is funded by the electricity industry. This could result in job losses and wage cuts, the report said. ``All policies that significantly reduce greenhouse gases will entail costs to the California economy,'' the institute said in the report. ``These costs will appear as reductions in economic welfare, consumption and gross state product.'' The cumulative impact could range from $104 billion to $367 billion by 2020, depending on the type of regulations imposed, the research institute said. Allowing businesses to buy and sell pollution credits and placing a maximum price on the credits would be the most cost-effective approach, the institute said. California last year established the nation's first caps on greenhouse gases. The state is forming regulations now that will go into effect in 2012. The state also has a target of reducing emissions to 80 percent below 1990 levels by 2050. Costs for this goal could range between $100 billion and $511 billion, said today's report. Message 23609692