FROM Robert Shiller
Who Will Gain from the Fed's Interest Rate Cut? In the wake of the sub-prime lending crisis, Ben Bernanke's Federal Reserve revived the stock markets this week by cutting interest rates . The move was reminiscent of Alan Greenspan, who was accused of creating "bubbles" by bailing out unwise investors all too often. Meantime, at his news conference today, President Bush was asked about a recession. Although he conceded there are problems, he affirmed that the economy is strong because of his tax cuts—with low inflation and unemployment, strong profits and steady markets. What will the cuts mean for middle class people who want to buy homes or hold on to the ones they have? What about the economy?
A New York Times op-ed on climate change sparks uproar The New York Times is embroiled in a public furor over a new columnist, who wrote that scientific uncertainty is reason for debate about climate change. Many conservatives are delighted. Is America's leading liberal newspaper fostering climate denial? This is the latest in our series, "The Emotional States of America."
Should we 'hack the climate' to fight global warming? The Paris Agreements won't be enough to reverse global warming, whether President Trump pulls the US out or not. Is it time to try altering the atmosphere by what's called "geoengineering?" We hear about unintended consequences, international relations… and ethics.
Future of the Palestinians as Trump welcomes Abbas President Trump says there's "no reason there can't be peace" between Israel and the Palestinians… but the first step will have to be unity between the West Bank and Gaza. Are the Palestinian Authority and Hamas any closer to speaking with one voice?