Josh Harkinson

Josh Harkinson

Reporter

Born in Texas and based in San Francisco, Josh covers tech, labor, drug policy, and the environment. PGP public key.

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What is Private Equity Good For?

| Wed Jan. 14, 2009 6:52 PM EST

From the London Guardian:

More than half the profits generated by private equity firms in recent years have been made by piling debt onto the companies they invest in, according to a report published today.
The findings of the first annual report on the industry, designed to increase transparency and improve the image of private equity, instead provided further ammunition for the industry's critics.
The analysis by accounting firm Ernst & Young claims that just one fifth of returns achieved come from strategic and operational improvements.

Is it reasonable to expect that these ratios would be about the same for U.S. private equity firms?

Obama Keeps Bush's White House Chef

| Wed Jan. 14, 2009 1:40 PM EST

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Remember the hubub over whether Obama would plant a White House garden and pick a chef who serves sustainably-grown foods? Well, nevermind. It turns out that Bush's chef, Cris Comerford, sources much of her food from local farmers and some of it from a White House roof garden. And, according to previous Bush chef Walter Scheid, Laura Bush "was adamant that in ALL CASES (his emphasis) if an organic product was available it was to be used in place of a non-organic product." Who knew? Obama, I guess, who's decided to keep Comerford on. Let's just hope he applies her philosophy to the nation's food system, because that, at least, would be a first.

Image: Cris Comerford

Mississippi, Vanguard of Abstinence Sex Ed, Now Boasts the Highest Teen Pregnancy Rate in the Nation

| Thu Jan. 8, 2009 1:42 PM EST

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Mississippi now has the nation's highest teen pregnancy rate, according to a report from the Centers for Disease Control released yesterday. Between 2005 and 2006 the state's rate of teen pregnancy increased 13 percent, and is now more than 60 percent above the national average.

The report did not attempt to explain the spike, but a major factor is probably Mississippi's rejection of sex ed. The state's schools must stress abstinence and are prohibited from demonstrating how to use contraceptives. Numerous studies have found that kind of approach to be ineffective.

A common myth surrounding abstinence-only sex ed is that it works for teens who are evangelical Christians--the kids of the parents who are pushing schools to adopt the programs--so if schools would stick with the approach, the Godless masses would eventually get on the straight-and-narrow. But Bristol Palin isn't the only evidence that shreds that argument. In November the New Yorker's Margaret Talbot described the findings of Mark Regnerus, a sociologist at the University of Texas at Austin, who published a book called "Forbidden Fruit: Sex and Religion in the Lives of American Teenagers":

His findings are drawn from a national survey that Regnerus and his colleagues conducted of some thirty-four hundred thirteen-to-seventeen-year-olds, and from a comprehensive government study of adolescent health known as Add Health. Regnerus argues that religion is a good indicator of attitudes toward sex, but a poor one of sexual behavior, and that this gap is especially wide among teen-agers who identify themselves as evangelical. The vast majority of white evangelical adolescents--seventy-four per cent--say that they believe in abstaining from sex before marriage. (Only half of mainline Protestants, and a quarter of Jews, say that they believe in abstinence.) Moreover, among the major religious groups, evangelical virgins are the least likely to anticipate that sex will be pleasurable, and the most likely to believe that having sex will cause their partners to lose respect for them. (Jews most often cite pleasure as a reason to have sex, and say that an unplanned pregnancy would be an embarrassment.) But, according to Add Health data, evangelical teen-agers are more sexually active than Mormons, mainline Protestants, and Jews. On average, white evangelical Protestants make their sexual début--to use the festive term of social-science researchers--shortly after turning sixteen. Among major religious groups, only black Protestants begin having sex earlier.

IMAGE AT RIGHT: Logo for Mississippi's abstinence campaign

Forestry: Where Bush's Midnight Regs Could Backfire

| Mon Jan. 5, 2009 2:34 PM EST

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The Bush Administration is pushing two last-minute decisions that could double logging on more than 2 million acres of federal forestland and make it much easier for timber companies to convert forests into subdivisions. The moves are opposed by environmentalists even as the political upside for Republicans is less clear than it would have been in the '90s, when the GOP gained traction in the West by siding with loggers against the spotted owl.

Bush's move to increase logging, which would affect 2.6 million acres in southwest Oregon, comes at a time when some large private timber farms in that area have collapsed due to over-harvesting. As a result, the battle lines of the old timber wars are being redrawn. For example, before Charles Hurwitz sold his Pacific Lumber company in June, he'd closed three of his four mills and fired 80 percent of his workers. Most locals now blame Hurwitz for the layoffs, and the new owners of the company have won support from both loggers and environmentalists by pursuing a sustainable yield and preserving old growth trees. Increasingly, loggers no longer demand pillaging harvests, while enviros support logging as a preferable alternative to development. Bush's move ignores that trend.

Which brings us to Bush's second midnight reg: allowing the Plum Creek Timber Company to pave roads through forest service land in Montana, which would open up much of the company's 1.2 million acres there to rural subdivisions. The move has incurred the ire of county governments, which worry that it could undo efforts to cluster housing in urban areas and create new burdens to provide services. During the presidential campaign, Obama shrewdly noted the the subdivisions could "cause prime hunting and fishing lands to be carved up and closed off." They'd also take the land out of timber production, reinforcing the common cause between enviros and loggers on urban sprawl.

If Bush really wanted to help out loggers, he would have curbed the housing bubble. The collapse in residential construction has slashed timber prices. But the Republicans, like Hurwitz, were more concerned with raking in the green than sustainably growing it.

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