A New Clean Economy — With Old Sources of Energy

Since his election, President Barack Obama has emphasized the importance of developing new sources of energy and cultivating the jobs that will come with them. “I am convinced that whoever builds a clean energy economy, whoever is at the forefront of that, is going to own the 21st-century global economy,” Obama told a bipartisan meeting of governors at the White House on Wednesday

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The Responsibility Revolution

We have always known that heedless self-interest was bad morals,” FDR said in 1937, in the midst of the Great Depression. “We know now that it is bad economics.” We learned this all over again after the collapse of Lehman Brothers, the shame of subprime mortgages and the brazen Ponzi scheme of Bernie Madoff.

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Blessed Barons

Staring out from their photographs, they are the archetypal tycoons: one a steely-eyed Scot with a spade-shaped white beard; another a craggy, Ichabod Crane look-alike; the third a fat cat in striped pants with a watch chain strung across an ample paunch. Today they have the look of fossilized reactionaries, but these turn-of-the-century titans were men who lived in booming, anarchic times and thrived on them.

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Asia stocks rise as China manufacturing gains pace

Asia stocks rise as China manufacturing gains pace Asian stock markets climbed Monday, boosted by faster growth in Chinese manufacturing and expectations the U.S. central bank will pump more money into the world’s largest economy to rejuvenate a sluggish recovery. Oil prices rose to near $82 a barrel following the release in Shanghai of a […]

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China’s economic growth surges but inflation low

China’s economic growth surges but inflation low China’s economic growth surged to 11.9% in the first quarter, possibly giving Beijing room to allow its currency to rise, but analysts warned it faces growing pressure to cut back stimulus and keep the world’s third-largest economy from overheating. The strong performance reported Thursday might allow a loosening […]

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G.M.’s $4.3 Billion Loss Masks Progress

G.M.’s $4.3 Billion Loss Masks Progress The first detailed financial report from General Motors since its bankruptcy showed a company that has largely stanched the hemorrhaging in its day-to-day business, but is still cleaning up problems left over from its collapse last year. G.M. said Wednesday that it had positive cash flow of $1 billion […]

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