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...From A to Z issue [Dec. 1]: One way to fight rising obesity rates would be to tax fat. If I had to pay $10 for every pound I am overweight, I would quickly lose my 25 excess pounds. With a "fat tax," we could pay off our $10 trillion national debt in no time. David Thiessen, Woodstock, Illinois...
...from deforestation. If we can't stop forest loss, we'll struggle to stop climate change. That fact was recognized by the British government's recent Eliasch Review on forestry, which estimated that failure to halt deforestation could increase the cost of damages caused by global warming by $1 trillion annually by 2100. "If we're going to solve climate change we need to take advantage of the opportunity to reduce deforestation," says Duncan Marsh, TNC's director of international climate policy. "We have no choice." That's the promise of avoided deforestation, in which rich countries pay to keep...
...Economist warns about "the perils of incrementalism." Nobel Prize--winning economist Joseph Stiglitz cautions that we must not let "latter-day Hooverites" stop us from thinking "big--very big." Stiglitz himself is thinking "at least $600 billion to $1 trillion," which is pretty big. Paul Krugman, another Nobel economist, says there is an "intense debate" over how big the stimulus should be. Krugman doesn't offer a number, but he makes it clear that he is not going to be outbid...
...fiscal package is unlikely to add even 1 percentage point to American growth, a recent report by Merrill Lynch estimates that the $600 billion stimulus Beijing unveiled in mid-November will likely add 3 percentage points. (And that was before China's provinces unveiled their own $1.4 trillion bailout plan, which depends on a massive infrastructure-building spree to boost the economy.) Such growth would be unachievable in other economies. But China remains a special mixture of raging capitalism resting on a foundation of state domination. "People who don't follow China on a regular basis can miss some...
...west front of the Capitol, put his hand on the Bible and promise to "preserve, protect and defend the Constitution of the United States." Then after delivering his Inaugural Address, the 44th President may step inside the Capitol and sign the lead elements of a two-year, $1 trillion economic-stimulus package, the largest ever fiscal booster shot in peacetime. Never mind all the familiar chatter about a new President's first 100 days; Obama's first 100 hours could break some records...