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There's just no way to square the cost of current recession-fighting efforts, future Medicare commitments and the various goals of the Obama Administration with the current level of taxation. Taxes are going to have to go up, and raising rates on just the very richest won't be enough. The only alternative is what some call the inflation tax--reducing the relative size of the country's debts by letting prices rise across the board. But that has its costs too. The free-lunch era is over...
...around, and not just in breezy, big countries like the U.S. Even land-limited Japan can produce more than three times its current electricity consumption with wind power, provided it taps offshore wind. The problem isn't supply but distribution: in the U.S. and elsewhere, some of the richest wind resources tend to be far from the densely populated coastal areas that need the most electricity. Another problem is intermittency - even in Chicago, there are days when the wind doesn't below. But both those hurdles can be sidestepped by building a more modern and supercharged electrical grid, one capable...
...that has led to a perceived weakening of the chief nemesis of the Supreme Leader, Ayatullah Ali Akbar Hashemi Rafsanjani, one of the richest men in Iran and the most powerful political force behind Mir-Hossein Mousavi. With hundreds of leading reformists and students arrested, and communication almost entirely in the hands of the government, it appears that the only way the opposition can continue is if the government loses control over the streets. But with that is a very...
...young and the middle class are not the only ones outraged by these election results. Ali Akbar Hashemi Rafsanjani, perhaps the second most powerful man in Iran and certainly the richest, and former President Mohammed Khatami, by far the country's most popular statesman, have both thrown their support behind the protesters. Two of Iran's highest religious authorities, the Grand Ayatullahs Hossein Ali Montazeri and Yousof Sane'i, have issued fatwas condemning acts of election fraud. Even Ahmadinejad's conservative rival, Mohsen Rezaei, a former Revolutionary Guards commander and a far more hawkish figure than Ahmadinejad, has claimed...
...while figures such as Geldolf and Bono continue to try to shame the wealthy of the world into giving to the poorest, some tough economic realities are likely to intervene when the eight richest leaders converge in Italy to crunch the numbers for African...