Scribe has reported extensively on the tendency of large government spending projects to reward the politically connected. It’s a virtual constant of federal interventions in the market, and perhaps nowhere is it more evident than in the Obama administration’s “green jobs” push. Writing on National Review Online today, I detail the political connections backstopping California venture capital firm Kleiner Perkins Caufield & Byers, and take a look at the extensive taxpayer support given to nine different companies financed by the firm. Here’s an excerpt from the piece: Hoover Institution fellow …
In 1966, God was pronounced dead. More recently, it was determined that God is back. But now a team of researchers has put him on the endangered species list. “Religion may become extinct in nine nations,” says a BBC headline today reporting on a presentation made at the American Physical Society meeting. Based on census data showing increased religious non-affiliation, the study “indicates that religion will all but die out altogether in those countries.” “The idea is pretty simple,” says one of the researchers. “It posits that social groups that …
Back in April, after the G20 Summit, we at Heritage warned that the Summit’s attack on tax havens was, at best, an irrelevancy. At worst, it was “the start of a broader campaign to find new sources of money to tax and stigmatize as international wrongdoers states that, as an expression of their national sovereignty, have chosen to have lower taxes.” The idea that states that have lower taxes are committing a crime could not be more wrong. These states are using their political freedom to promote economic freedom. They …
The AP reports: The Swedish government agreed Thursday to scrap a three-decade ban on building new nuclear reactors, saying it needs to avoid producing more greenhouse gases. Sweden is a leader on renewable energy but is struggling to develop alternative source like hydropower and wind to meet its growing energy demands. If parliament approves scrapping the ban, Sweden would join a growing list of countries rethinking nuclear power as a source of energy amid concerns over global warming and the reliability of energy suppliers such as Russia. Britain, France and …
Finland, like the United States, is facing both rapidly growing energy demands and a need to reduce their country’s carbon emissions. Unlike the U.S., Finland is being honest about the cost and benefits of currently available solutions and is about to finish their first nuclear power plant since 1980. Heritage analyst Jack Spencer details how the Finns were able to succeed where the U.S. has failed and concludes: Although burdened by high up-front capital costs, financial risk, and difficult politics, Finland recognizes the positive long-term impact of nuclear power. Not …
