Word: gridlock
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Fukuda's likely successor is Taro Aso, the popular former Minister of Foreign Affairs. The hope is that Aso can not only rekindle the office's appeal but, much more importantly, help break gridlock in parliament, where the LDP heads a coalition in the lower house of the Japanese Diet. Fukuda reshuffled his Cabinet last month to install Aso in the No. 2 spot as the secretary general of Liberal Democratic Party...
...both more elite and more popular, contrasts him with the likely new president of the DJP, Ichiro Ozawa, who, like Fukuda, is not popular. Indeed, two DPJ members of the Upper House formed their own party last week to protest their own party's role in the ongoing Diet gridlock...
...first 100 days," he says. "We face mega-problems, and they can't be rammed through in a brief period of time. They'd be much better to take their time and achieve some real change." But given Congress's already low approval numbers and the legislative gridlock of the past few years, it will be hard for leaders on Capitol Hill to be patient, especially with so much low-hanging fruit at hand...
...renewable credits do expire (Congress, jammed in a partisan gridlock, refuses to renew them), they'll save taxpayers a little money - maybe $1 billion, or less than half a week of the Iraq war. But the cost to the economy - not to mention the fight against climate change - will be far greater. Navigant Consulting, an international firm that studies the energy industry, estimates that the expiration of the renewable tax credit would result in approximately $19 billion in lost investment, and 119,000 lost job opportunities in the U.S. That's because renewables, while getting cheaper all the time, still...
...GRIDLOCK ECONOMY (Basic Books; 259 pages), Columbia Law School's Michael Heller documents such "wasteful underuse" and the straitjacket it puts on innovation. His examples resemble pastures in which each square inch is owned by a different rancher: useless...