Building America's electricity system was one of the great achievements of the twentieth century, providing inexpensive energy to homes and businesses throughout the country. But in the twenty-first century, two crises occurred. In 2001, California experienced massive electricity shortages, leading to rolling blackouts and skyrocketing electrical bills. And in 2003, a blackout swept across eight states in the Midwest and Northeast, leaving tens of millions in the dark. Why did these problems arise now, after a century of progress? Were they the result of ill-advised attempts to deregulate the utility industry? Or is more deregulation actually the solution?
Be careful when one uses the superlative case—best, most, -est, etc.—or evokes end-of-the-world imagery...
Discussing today's jobs report and what the nation needs to do to get back to work, with CNBC's John Harwood & Steve Liesman; Robert Reich, former Labor Secretary; Stephen Moore, Wall Street Journal editorial board; Victor Davis Hanson, Hoover Institution and Peter Navarro, University of California-Irvine. . . .
Just under six months after becoming president, and just under two months before the deadline he set for the passage of health care legislation, Barack Obama is finished...
Corporate taxes already drive U.S. companies offshore. The administration should think twice before making matters even worse. By Peter Robinson.