Great piece in the Christian Science Monitor on a worldwide greening business climate. Notably, clean technology investments are on the rise because going green is turning out to be good for the bottom line. Businesses are surveying CO2 footprints, purchasing greenhouse-gas credits, and hinging executive bonuses on environmental targets. Meanwhile, Florida now requires investment managers of state money to report on the potential effects of climate risk as part of their semiannual reviews. Influential California state employee and teacher pension funds, collectively managing $420 billion, are devising strategies tied to climate change and potentially pulling capital from ungreen businesses. From the CSM:
A new study by international consulting firm McKinsey finds that half the necessary cuts in greenhouse-gas emissions can be achieved at a net profit. The study shows that investment in energy efficiency of about $170 billion annually worldwide would yield a profit of about 17 percent, or $29 billion. The Financial Times reports: "Diana Farrell, director of the McKinsey Global Institute, said: 'It shows just how much deadweight loss there is in the economy in energy use.' She said the most inefficient sector was heavy industry in China, with the second residential housing in the US, where homes are large, poorly insulated.
Meanwhile Michael Specter in the New Yorker writes that "Possessing an excessive carbon footprint is rapidly becoming the modern equivalent of wearing a scarlet letter." He reports on Sir Terry Leahy, CEO of Tesco supermarkets, Britain's largest retailer:
The League of Conservation Voters recently released its 2007 environmental scorecard—Sen. John McCain's score: 0. This has to be a disappointment for the Republican front-runner who received the LCV's green endorsement in 2004, and who posts a (slightly) better lifetime score of 24. (This is out of 100; in comparison Senators Clinton and Obama post lifetime scores of 87 and 86, respectively.) But it appears that his embarrassing low score is a result of his absence at every key environmental vote of the year, including the votes to repeal tax breaks for big oil. Likely you remember the media buzz over McCain's other missed votes.
So his voting record begs the question: how green is McCain? Well, as the environmental online magazine Grist notes, he has been outspoken on global warming and the need to decrease carbon emissions. He also seems to oppose drilling for oil in the Arctic National Wildlife Refuge, although he has missed important votes on this as well. On the other hand, he passionately promotes coal and nuclear power, and endorses heavy subsidies for both. Meanwhile, Opensecrets.org places McCain third on the list of top Senate recipients of Oil and Gas industry contributions, ranking just under Sen. Clinton. Oh, and he joins only six other Senators from 2007 with a score of 0 from the LCV. The Sierra Club gives a concise rundown:
McCain was the only member of Congress to skip every single crucial environmental vote scored by the organization, posting a score lower than Members of Congress who were out for much of the year due to serious illnesses—and even lower than some who died during the term.
After last week's action-packed, mind-bending episode of Lost, I had high hopes for this week's installment. I hoped that there would be allusions to physical laws, mathmatical theories, and the theory of relativity. Or that the series, which is now a blogged about by the Washington Post and has legions of intricately-researched fan sites, would give me some new twist to investigate. So did it? Eh, not so much.
The plot did move along, though, in a way it didn't in the last season. But it felt like the writers were simply going through the motions, dutifully moving the plot along, without having much fun along the way.
The results are in from the latest FOX News survey, and we now know the answer to the most important question of the race: "Who is Usama Rooting For?":
Who does Usama bin Laden want to be the next president? More people think the terrorist leader wants Obama to win (30 percent) than think he wants Clinton (22 percent) or McCain (10 percent). Another 18 percent says it doesn't matter to bin Laden and 20 percent are unsure.
John McCain's primary defender in the Lady Lobbyist Scandal* is a man named Charlie Black. As a senior adviser to the campaign who is doing McCain's damage control right now, Black has to explain to the press that John McCain didn't have a romantic relationship with lobbyist Vicki Iseman, didn't treat Iseman's clients with undue favoritism, and isn't too close to lobbyists in general despite his years of anti-lobbyist rhetoric.
Black, of course, is a lobbyist. In fact, as the head of the extremely influential lobby shop BKSH and Associates, he's one of Washington's most powerful influence-peddlers. In the Washington Post story today about the lobbyists that populate the upper ranks of McCain's campaign (here's another guy), Black is listed as working for AT&T, Alcoa, JPMorgan, and U.S. Airways. He works and has worked for far more companies than that, however.
After the jump, every company BKSH has worked for since 1998, along with the total value of their contracts, as provided by the Center for Responsive Politics lobbying database.
Is it just me, or is CIA director Michael Hayden the least secretive spy ever? First he admitted that the CIA waterboarded detainees. Of course, most of us already knew that, but he helpfully laid out the exact details of the dirty work to Congress. Next, he went ahead and confirmed that at least some of those interrogators were paid outside contractors, rather than the highly trained CIA operatives we thought they were. This news shed even more light on the program, if also somewhat muddying the legal waters. To top it all off, yesterday we learned that on a recent trip to London, Hayden informed the British government that, contrary to previous assurances, the U.S. actually did use UK territory for rendition flights. Oops.
In an internal statement to agency employees on Thursday, Hayden said that a new in-house review of CIA records had turned up the "administrative" error. He made no mention of what prompted the review. This in itself is strange: after all, for years now the agency has maintained a hard line on rendition flights, often flat-out denying their existence. For the most part, details about the program have emerged only as a result of foreign governments' own investigations. In short, the CIA doesn't tell us about stuff when they don't have to. So why the sudden openness?
The UN atomic watchdog agency, the International Atomic Energy Agency, has a new report out on Iran (.pdf).
I confess it would take me a very long time and several dictionaries to penetrate its highly technical language. So I turned to one of the smartest nonproliferation experts I know, Jacqueline Shire, a senior fellow with the Washington, D.C.-based Institute for Science and International Security (ISIS), for highlights. "I think that paragraphs 35-42 are the most negative for Iran," Shire says, "Though the IAEA would say that they are just now receiving the info from the US necessary for confronting/challenging Iran's claims of fabrication."
The paragraphs Shire points to are in a section of the IAEA report called "Alleged Studies." They describe in dry, bullet-point form and highly technical language a quiet drama: how IAEA officials in late January and early February presented information handed over after a battle getting it from the U.S. government that concern questions of something called the so-called "Green Salt Project" and an alleged Iranian nuclear laptop that the US government obtained. Iran in turn called some of that American-sourced evidence "fabrications," on other points, the IAEA said it was still awaiting an Iranian response.
The Clinton campaign is really pushing the final bit of yesterday's debate (coverage of the full debate here) as some kind of transformative moment. Seconds after the debate ended, Clinton's communications director Howard Wolfson sent out a short email saying this:
What we saw in the final moments in that debate is why Hillary Clinton is the next President of the United States. Her strength, her life experience, her compassion. She's tested and ready. It was the moment she retook the reins of this race and showed women and men why she is the best choice.
Just after midnight, the campaign sent out video of the moment. It's below. And today's Morning HUBdate (an email sent daily to supporters) began, "If You Watch One Thing Today: In the final moments of last night's debate, Hillary demonstrated her strength, life experience and compassion."
But here's the thing. That handshake was seen by some in the media last night as a valedictory. It was a composed, graceful moment that humanized Clinton (and Obama) and showed that beneath their politicians' veneers, they are just fundamentally decent human beings. But the press saw the beginning of the end for Clinton. And indeed, it could be seen as Clinton laying the groundwork for a graceful exit. Keith Olbermann speculated that it was a capitulation, a statement that she is ready to be a VP.
I don't think it was a capitulation, but I do think it was a concession in some way that she is tired of fighting and attacking, especially because her attacks on Obama haven't been working and the race has slipped away from her. It was also an acknowledgment of the fatigue that the campaign season puts a person under.
I wonder if the campaign realized that that the closing moment was dangerous, so they immediately leapt to spin it to their advantage. And because everyone was focusing on that handshake, they included the minute or two beforehand in which Clinton talked about injured vets.
Draw your own conclusions. As a nation, we've already spent fifteen years psychoanalyzing the Clintons; looks like we're not done yet.
Asked if Barrack Obama was ready to be commander in chief, Hillary Clinton ducked the question. When Obama suggested she is not as willing as he is to confront the special interests of Washington, she did not engage. Offered the chance to blast Obama for vowing to meet with the dictatorial leaders of North Korea and Iran in his first year as president, she took a pass. When Clinton did go on the attack at Thursday night's debate in Austin, Texas, she chose to focus on Obama's use of several speech lines borrowed (or plagiarized, according to the Clinton camp) from Massachusetts Governor Deval Patrick, a supporter of Obama. That was, she said, "not change you can believe in; it's change you can Xerox."
With the zinger, Clinton was trying to reinforce one of her campaign's themes: I offer solutions; he offers words. But during this portion of the debate, Obama came on strong. He brushed aside the plagiarism accusation as part of the "silly season in politics," and noted that the fine words of his eloquent speeches convey not only hope and inspiration but also support proposals for tuition tax credits for college, tax relief for working families, and military disengagement in Iraq. And Obama explained that inspiration is essential because "if we can't inspire the American people to get involved in their government," Washington will continue to be a city of gridlock dominated by corporate lobbyists. Clinton didn't have much of a reply to that. She did continue stick to her my-actions-speak-louder-than-his-words assault. But there was no new punch to this now routine line, and she appeared to gain no new ground in the battle between (his) hope and (her) experience.
Which means the debate was no game changer. Obama, who has not been his best at debates earlier in the campaign, performed well in Austin before a pumped-up crowd that cheered on both candidates. (Kudos to CNN for not shushing the candidates' supporters.) Clinton performed well, too, especially when it came to demonstrating her command of policy details and ticking off her legislative accomplishments. But at this point, she needs to do better than well and clobber Obama, and that did not happen. A recent poll in Texas--which holds its primary on March 4--shows the race between the two a statistical dead heat. That is, Obama, if the polls are to be believed, is catching her in the crucial state. And polls in Ohio--the other big prize on March 4--show Obama nipping at a still-significant Clinton lead. But there's still plenty of time for him to close in on her in the Buckeye State.