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Tuesday, June 30, 2009

The Undismal Weekly Wrapup -- June 21-27, 2009

Analytical Summaries of Key Stories of the Week on Economics and Public Policy

A Funding Roadblock Ahead for Clean Energy (New York Times)
Kate Galbraith of the New York Times explores the question of what will happen to efforts to finance green energy projects “once the stimulus funding runs out.”

Analysis: Obama Scores Major, Much-Needed Victory (Associated Press)
News analysis piece by AP’s Liz Sidoti on the House of Representatives passing “the first energy legislation ever designed to curb global warming.” Also explores the implications of this legislative success for President Obama’s healthcare efforts.

Betraying the Planet (New York Times)
Renowned economist Paul Krugman scolds the 212 House of Representatives members who voted against the Waxman-Markey climate change bill, characterizing them as climate-change deniers who are committing what is tantamount to “treason against the planet.”

Can Governments Till the Fields of Innovation? (New York Times)
The dicey question of whether governments can play an effective role in driving the private sector toward creating new industries in such areas as energy and healthcare to revitalize the economy and create jobs is explored in this report from Steve Lohr of the New York Times.

Confidence in Stimulus Plan Ebbs, Poll Finds (Washington Post)
A new Washington Post-ABC News Poll finds that barely half of Americans remain confident that the stimulus package will be effective in turning the economy around, according to this report by Washington Post staff writers Dan Balz and John Cohen.

Inflation – The Real Threat To Sustained Recovery (Financial Times / Tehran Times)
Former Fed Chairman Alan Greenspan cautions that failure to pare back the U.S. federal budget deficits and pubic sector debt after the economy turns around could set the stage for inflation and stifle the effectiveness of private market forces in efficiently allocating resources, in this Financial Times column reprinted in the Tehran Times.

The Debt Tsunami (Washington Post)
A Washington Post editorial characterizes the latest long-term U.S. federal budget deficit projections from the Congressional Budget Office (CBO) as “scarier than ever.” Sphere: Related Content

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