“Business wonk that I am, my favorite moment in last week’s Republican debate came when Carly Fiorina and Donald Trump got into a spat over which of them had the lousier track record as business leaders. “The company is a disaster,” scoffed Trump, referring to Hewlett-Packard, the iconic technology company Fiorina ran from 1999 to 2005. Trump continued: “When Carly says the revenues went up that’s because she bought Compaq. It was a terrible deal, and it really led to the destruction of the company.” Fiorina responded by focusing on how Trump ran his three Atlantic City casinos into the ground. “You ran up mountains of debt, as well as losses,” she said, “using other people’s money, and you were forced to file for bankruptcy not once, not twice [but] four times, a record four times.” They’re both right. Fiorina’s tenure at HP was indeed a disaster, and Trump’s casino interests did indeed file for bankruptcy multiple times. Now that Trump and Fiorina are number one and number two in a recent poll — oy! — it’s worth taking a closer look at their business records.”
“But the plaintiffs’ lawyers, unhappy at being cut out of the action, brought their own lawsuit and eventually cut a $7.8 billion deal with BP, which included replacing Feinberg with a local lawyer named Patrick Juneau. The company then got a good dose of old-style Louisiana home cooking, as Juneau began approving claims that had nothing to do with the oil spill — such as $172,000 to a Louisiana lawyer who had lost his business license the year before the spill, according to a brief BP submitted to the Supreme Court.”
Joe Nocera has guts. He has also learned quickly a lot about climate change politics and science. He writes:
“The deliberate use of technology to manipulate the environment — usually in the context of fighting climate change — is called geoengineering. One method is carbon capture, traditionally conceived as a process that sucks up carbon from the air and buries it in the ground. A second is called solar radiation management, which uses techniques like shooting sulfate particles into the stratosphere in order to reflect or divert solar radiation back into space. This very effect was illustrated after the volcanic eruption of Mount Pinatubo in the Philippines in 1991. Spewing 20 million tons of sulfur dioxide in the air, the volcano caused global temperatures to fall, temporarily, by about 0.5 degrees Celsius, according to Wagner and Weitzman.
Somewhat to my surprise, a good portion of Wagner’s and Weitzman’s book is devoted to the subject of geoengineering, especially solar radiation management, which they describe as relatively inexpensive and technologically feasible, with a serious bang for the buck. The reason I was surprised is that the authors have solid environmental credentials — Weitzman is an environmental economist at Harvard, and Wagner is a senior economist at the Environmental Defense Fund — and many environmental groups object to the very idea of geoengineering. They even object to research into the subject, viewing the desire to manipulate nature as immoral. Ben Schreiber of Friends of the Earth, an advocacy group, recently described discussions about geoengineering as a “dangerous distraction.” ”