Cows With Gas: India’s Contribution to Global Warming

Indolent cows languidly chewing their cud while befuddled motorists honk and maneuver their vehicles around them are images as stereotypically Indian as saffron-clad holy men and the Taj Mahal. Now, however, India’s ubiquitous cows — of which there are 283 million, more than anywhere else in the world — have assumed a more menacing role as they become part of the climate change debate.

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The Case for Letting AIG Fail

There’s an uproar about whether the government should let AIG fail, a debate re-energized by the latest revelation of bonus payments going to AIG’s executives. In fact, there’s a good case to be made that AIG should fail, and it has nothing to do with bonuses. The rescue of AIG is warping the banking system and unnecessarily extending the credit crisis.

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