More than 2,300 people turned out at the Washington State Convention Center Thursday night at a hearing on whether to ship 48 million tons of coal a year to Asia through a terminal at Cherry Point. Most were opposed.
I’ve written on this before. Up to six coal-export terminals are proposed for Washington and Oregon to feed Asia’s hunger for the fuel. They would create many construction jobs and fewer operating positions. The problem: Continued and increasing use of coal will help cook the planet beyond repair. It’s too bad we didn’t make the research and development investments, along with the incentive of a carbon tax, to be exporting clean-tech power plants to Asia instead.
So what should we do?
Read on for the best links of the week and the haiku:
This Week’s Links:
- Outrageous HSBC settlement proves drug war is a joke || Matt Taibbi
- ‘Can we have a liberal America without unions? History says no.’ || Wash Post
- ‘Pervasive’ industrial spying targets U.S. space tech || Wired
- Why is big business supporting Obama? || The New Yorker
- Obamacare, brought to you by corporate interests || Salon
- The permanent budget crisis || Slate
- The Libor conundrum: How the world throws out the rate used around the world || Washington Post
- Climate change and the end of pasta || Daily Beast
- Google’s tax avoidance is ‘capitalism,’ says chairman Eric Schmidt || The Telegraph
- The effect of monopolies on labor || Harpers
- How do millennials like to read the news? Very much like their grandparents || The Atlantic
Today’s Econ Haiku:
Best Buy shareholders
Flooded by the Amazon
Wasn’t their best buy