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Startups Have Figured Out How to Remove Carbon From the Air |
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Tuesday, 14 July 2015 13:20 |
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Gunther writes: "Three startups, Carbon Engineering, Global Thermostat and Climeworks, are making strides with technology that can directly remove carbon dioxide from the air. What they need now is a viable business model."
Environmentalists burn a symbol of carbon dioxide during a 2008 demonstration in front of the Klingenberg power plant in Berlin. (photo: Theo Heimann/AFP/Getty Images)

Startups Have Figured Out How to Remove Carbon From the Air
By Marc Gunther, Guardian UK
14 July 15
Three startups, Carbon Engineering, Global Thermostat and Climeworks, are making strides with technology that can directly remove carbon dioxide from the air. What they need now is a viable business model
n Squamish, British Columbia, a Canadian town halfway between Vancouver and Whistler where the ocean meets the mountains, a startup led by Harvard physicist David Keith – and funded in part by Bill Gates – is building an industrial plant to capture carbon dioxide from the air.
Carbon Engineering aims to eventually build enough plants to suck many millions of tons of CO2 out of the air to reduce climate change. Its technology could help capture dispersed emissions – that is, emissions from cars, trucks, ships, planes or farm equipment – or even to roll back atmospheric concentrations of CO2.
The Calgary-based company is one of a crop of startups placing bold bets on technology designed to directly capture CO2 from the air. Lately, at least three have shown signs of progress. New York City-based Global Thermostat, which is led by Peter Eisenberger, a Columbia University professor and former researcher for Exxon and Bell Labs, tells me it has recently received an infusion of capital from an as-yet-unnamed US energy company. As part of a demonstration project financed by Audi, Swiss-based Climeworks in April captured CO2 from the air and supplied it to a German firm called Sunfire, which then recycled it into a zero-carbon diesel fuel.
All three companies talk about a hypothetical future in which CO2 will be harvested from the sky and transformed, using renewable energy, into low-carbon fuels. “How do you power global transportation in 20 years in a way that is carbon neutral?” asks Geoff Holmes, business development manager at Carbon Engineering. “Cheap solar and wind are great at reducing emissions from the electricity. Then you are left with the transport sector.”
Beyond that, if direct air capture of CO2 gets cheap enough – or if the climate crisis becomes dire – carbon extracted from the air could also be sequestered in the ocean or underground.
Carbon Engineering, Global Thermostat and Climeworks all sprung up during the mid-to-late-2000s, when it looked as if the world’s governments might take aggressive action to curb climate change. Mostly, they haven’t. Since then, the three startups have been refining their technology, raising capital and very gradually bringing CO2 capture closer to a commercial reality.
But all three startups lack a practical business model. At this time, no one will pay them just to take CO2 out of the air. And the market for CO2 – which has a variety of uses, from injecting bubbles into fizzy drinks to recovering hard-to-get-oil from tapped-out wells – is limited.
What’s more, if direct air capture of CO2 is to emerge as a meaningful climate solution, it would have to be built out at a global, industrial scale, costing billions of dollars.
Still, while direct air capture won’t be ready for deployment any time soon, climate experts say negative emissions technologies merit more attention. In a detailed review of climate intervention technologies published in February, The National Academies of Sciences described direct air capture as “an immature technology” and called on the government to invest in research “to improve methods of carbon dioxide removal and disposal at scales that would have a significant global climate impact”.
“Scientists are increasingly convinced that we are going to need large scale removal systems to fight climate change,” says Noah Deich, who recently started the Berkeley, California, nonprofit Center for Carbon Removal. “I’m excited about direct air capture. It could be a really important technology to add to the portfolio.”
That’s because evidence is mounting that even a rapid buildout of low-carbon energy sources like solar and wind won’t keep global temperatures from rising beyond the 2C limit to which governments have agreed. “The climate policy mantra – that time is running out for 2C but we can still make it if we act now – is scientific nonsense,” Oliver Geden, head of research at the German Institute for International and Security Affairs, wrote recently in the Nature journal. The Intergovernmental Panel on Climate Change says technologies to remove carbon from the atmosphere will be needed to stay within the 2C limit.
But until governments are willing to pay for carbon removal and storage, the three air-capture startups will need commercial customers that can keep them afloat in case they are needed, potentially decades from now, as a climate solution. All are aiming to make low-carbon fuels, used recycled CO2 and renewable energy to power the process.
“We’re really getting excited about .direct fuel synthesis,” Holmes says. The Squamish demonstration plant, built on an abandoned industrial site, will capture only about 500 tons CO2 per year, which is barely enough to offset the emissions of 33 average Canadians. That’s so little that it’s being released back into the air. “We’re not claiming any environmental benefit, yet,” Holmes says.
But Carbon Engineering would like to be able to split water into hydrogen and oxygen, and then combine the hydrogen with CO2 to make a diesel fuel that could power local buses or be exported to California, which subsidizes low-carbon fuels.
Working with Audi, Climeworks has already produced a small batch of what the auto company calls zero-carbon e-diesel. Climeworks is also building a plant to collect CO2 from the air and supply it to a nearby greenhouse to grow plants. But “the reason we come to work is to make synthetic fuels”, cofounder Christopher Gebald says.
As for Global Thermostat, Graciela Chichilnisky, the CEO and a co-founder with physicist Eisenberg, says the company will soon have news about a multimillion dollar investment from a US energy company. Edgar Bronfman Jr, the former chairman and CEO of Warner Music, has been Global Thermostat’s biggest investor to date.
The open question for all three startups is whether any can raise enough money – and sustain enough cashflow – in the short term for their efforts to matter in the long term.

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FOCUS | Jimmy Carter: "There's an Awakening in Our Country" |
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Tuesday, 14 July 2015 11:40 |
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Meroney writes: "Jimmy Carter has devoted himself to humanitarian causes and charitable works, and he was awarded the Nobel Peace Prize in 2002. Over the last 30 years, he's written 27 books. His latest, 'A Full Life: Reflections at Ninety,' was published Tuesday. I spoke with President Carter just as South Carolina Governor Nikki Haley signed a bill removing the Confederate battle flag from flying over the state capitol building."
Jimmy Carter. (photo: Ammar Awad/Reuters/Zak Bickel/The Atlantic)

Jimmy Carter: "There's an Awakening in Our Country"
By John Meroney, The Atlantic
14 July 15
 ’m a Southerner,” Jimmy Carter announced on one of his TV ads during his 1976 campaign for president, introducing himself to the nation. He was filmed walking through his peanut farm in Plains, Georgia. Today, the improbability of his election to the presidency has faded from public memory, but it ranks as one of the most remarkable success stories in national politics.
Carter was governor of Georgia, but less than a year before the election, he was virtually unknown to most of the country. He was a relentless campaigner, and left other Democratic primary contenders in his wake. In the post-Watergate era, Carter’s promise that he would always tell the truth helped him defeat Gerald Ford, and swept the 52-year-old into the Oval Office.
Carter’s term was tumultuous—the economy soured, there was an energy crisis, and Islamic radicals in Iran took 52 Americans hostage. At one point, the president’s approval dipped to 25 percent, below even Richard Nixon’s nadir.
But Carter had his triumphs. In the fall of 1978, he brought together Israeli Prime Minister Menachem Begin and Egyptian President Anwar el-Sadat for a summit at Camp David. Carter, a born-again evangelical Christian, says that his faith is what drove him to push for peace in the Middle East. After 13 days of tense negotiations (as a break, Carter took the two leaders to Gettysburg to show them the Civil War battlefield) Carter produced a treaty: Israel would give back the Sinai territories occupied since the 1967 Six-Day War, and Egypt would acknowledge the right of Israel to live in peace. When Carter announced the treaty to a joint session of Congress, with Begin and Sadat seated before him, he said, “To these two friends of mine, the words of Jesus: Blessed are the peacemakers, for they shall be the children of God.”
In 1980, Carter waged a tough campaign, but lost to California Governor Ronald Reagan. He rallied in his post-presidency, devoting himself to humanitarian causes and charitable works, and he was awarded the Nobel Peace Prize in 2002. Over the last 30 years, he’s written 27 books. His latest, A Full Life: Reflections at Ninety, was published Tuesday.
I spoke with President Carter just as South Carolina Governor Nikki Haley signed a bill removing the Confederate battle flag from flying over the state capitol building.
John Meroney: What are your thoughts on being a Southerner in 2015? Are you still proud of your heritage?
President Jimmy Carter: Oh, yes—and prouder today than I was the day before yesterday. I think it’s a good move for the South Carolina legislature to take [down the Confederate flag]. Georgia did that 14 years ago, and North Carolina did it even earlier. There’s an awakening in our country and I don’t know how trenchant or permanent it will be. The recent high publicity about police singling out blacks for extraordinary abuse, and this terrible event in Charleston, will make us take another look at ourselves.
Meroney: What are your thoughts about the Confederate flag being placed into a military museum?
Carter: It’s all right with me. My great-grandfather and his two brothers fought at Gettysburg. They were in artillery and they survived the war, thank goodness. So I revere what they did. I think their motivations were honorable when they undertook the war and participated in it along with other Southerners. A museum is a very legitimate place to honor those who fought and what they really believed in. But to maintain the battle flag as a symbol of white supremacy is contrary to what most Americans want.
Meroney: At age 90, do you consider yourself more liberal or conservative than when you were elected president?
Carter: Well, I’m about the same, I guess. I don’t think I’ve changed all that much. Although for the last 35 years, almost all of our work at the Carter Center has been among the poorest people in the world. For the people who don’t have peace, we negotiate agreements that end wars and prevent wars. We promote democracy and freedom by holding elections in troubled countries—in fact, we just finished our one-hundredth election. This year, we’ll treat about 71 million people, mostly in Africa, so they won’t have terrible diseases. That’s been the concentration of my effort ever since I left the White House.
Meroney: Don’t people get more conservative as they age?
Carter: Well, I don’t think I’ve done that. I have 22 grandchildren and great-grandchildren, and they keep me young. Also, I’ve been a professor at Emory University for the last 33 years—I’ll start my 34th year pretty soon. I’m in a young environment even though I am growing old.
Meroney: In 1976 when you were running for president, you said, “The traveling press have zero interest in any issue unless it’s a matter of [the candidate] making a mistake.” Now that we’re moving into a new presidential campaign, is your view of the media the same?
Carter: Well, that was a highly personal thing then. I was one of the candidates, and whenever any national news reporter whom I respected from their previous work came to interrogate me about any of my feelings, it was all about my opponents and things related just to the campaign or election itself. I think in a generic sense, the national news media does address important issues, like race, gay marriage, immigration, taxation, and things of that kind. But during the excessively long political campaign for the United States presidency, there’s still a plethora of articles, news interviews, and television time spent on the latest thing that Donald Trump said and how the Republicans reacted to it. This is to the detriment of covering international affairs that are important.
Meroney: As a born-again evangelical Christian, what does your faith tell you is the proper response to last month’s Supreme Court decision legalizing same-sex marriage?
Carter: I think this is an individual decision to be made. I personally have always been in favor of people who are gay being permitted to marry legally—and I still feel that way. I support the decision that the Supreme Court made just recently on that subject. However, I have never believed that the government ought to have the right to intrude into the internal affairs of a local congregation. If, for instance, at my church we decide we do not want to perform gay marriages, the federal authorities ought to stay out of that church affair and let the couple who seeks marriage go to a civil court or go to another church. That would be my one caveat.
Meroney: You and former governor of Arkansas Mike Huckabee are both evangelical Christians, but your views on so many issues are very different. How can that be if the two of you have the same basic view of the meaning of life?
Carter: Well, I don’t criticize Governor Huckabee—who I know quite well, by the way. His wife works side-by-side with us quite often on Habitat for Humanity projects. He’s been to our local church to visit with us, and so has she. But we differ on some basics. As you may remember, during the time I was in office, the so-called right-wing or conservative-evangelical Christians aligned themselves almost permanently with the Republican Party.
Meroney: In your view, why was that?
Carter: You know, I don’t know. When I ran for president, I think Gerald Ford got a few more votes than I did among evangelicals. And then after that, the Moral Majority was formed and there were arguments while I was president about whether Bob Jones University and other Christian universities should have legal status not to pay taxes, and whether there should be a right to worship God in public schools. Issues of that kind became preeminent. In the 1980 election, for the first time in American history, there was this melding or partnership between the evangelicals and the Republicans. And it’s been permanent and it’s been strengthened. That’s why Huckabee went to the Republican Party. By the way, there are a lot of Republicans who agree with me on some of these points.
Meroney: Speaking of your faith, what’s your estimate of how many people you’ve led to Christ through personal one-on-one interaction?
Carter: I would say several hundred. I’ve been on Christian mission programs for the Southern Baptist Convention—to Pennsylvania, Massachusetts, other places like that. I’d spend a whole week, or ten days, just going from one house to another explaining the plan of salvation to people who did not have any faith. A lot of them have accepted Christ. I teach a Bible lesson every Sunday when I’m at home. I taught this past Sunday, and I’ll teach next Sunday as well. We have only about 30 members of our church who attend our services—it’s a small church. But we have several hundred visitors who come—sometimes it’s as high as eight hundred. Most of the time, though, it’s in the two hundred range. Many tell me they’ve never been to a church before. I don’t have any doubt that a few of them, maybe every Sunday, decide to accept the lessons that I teach.
Meroney: Is there more racism in the country now than when you were president?
Carter: I think there is. After the civil-rights movement was successful—about a hundred years after the end of the War Between the States, the Civil War—there was a general feeling in this country that the main elements of racism, of white superiority, had finally been overcome. With the news media showing the police abuse toward black people in some places, and the terrible events in Charleston, South Carolina, maybe we’ve been awakened to say that we’ve still got a long way to go. The burgeoning of obvious, extreme racism has been a sobering factor for us.
Meroney: In your new book, you publish some of your poems. What impact did the legendary Southern poet James Dickey, who also wrote the novel Deliverance, have on you?
Carter: James Dickey was a close personal friend of mine. When I was campaigning for president in 1976, he used to come down to Plains and sit on the balcony of our depot and sometimes read poems to the people and shake hands and let them know he was for me. On my inaugural day, when I became president, he gave the preeminent inaugural poem—he wrote it especially for me. I was with him also when they had the inauguration of the movie version of Deliverance in Atlanta. I sat side-by-side with him at the first showing.
Meroney: What was your reaction to the novel and film?
Carter: I was overwhelmed. The Chattooga River on which it was filmed was a place I had canoed—I knew its ferocity. In fact, just the day after seeing Deliverance, I went down the river again. I was really impressed with the music, too.
Meroney: What was it like watching the film with the author?
Carter: He was very excited—or concerned—about the movie, in which he played a small part, the sheriff. Dickey was completely intoxicated when the movie was getting ready to start. When he sat next to me, he really didn’t know much of what was going on until the scene where the banjo player came forward and he kind of sobered up a little bit. By the point in the film when Dickey appears as the sheriff and welcomes the people who come up off the river, he was completely sober. He and I had a lot of good times together, and we made a lot of jokes back and forth. Deliverance was a dramatic and wonderful success—one of the 26 movies that were made in Georgia while I was governor, of which I was proud.
Meroney: You’re unique because you’re the only president I know of who’s quoted Bob Dylan in speeches. You said that you didn’t appreciate the relationship between a landowner and the people who work for him until you heard Dylan sing, “I Ain’t Gonna Work on Maggie’s Farm No More.”
Carter: Well, Bob Dylan and I have been very close friends since I was governor. I first met him when he was going through an era of deep Christian faith. When he performed once in Atlanta, he wanted to spend some time talking to me about my faith. His band came to the governor’s mansion and stayed with my boys. Bob and I spent a long time in the garden that night just talking about matters concerning theology and religion and so forth. Earlier this year, when Bob Dylan got the Person of the Year award at the Grammys, he said he would accept the award in Hollywood only if I came out and presented it to him. So I went out there and was able to be with Bob again. He’s been to Georgia one time since, and I took my family to hear him perform.
Meroney: What are we doing wrong in our approach to a nuclear deal with Iran?
Carter: I think we’re doing the right thing. I watch the news with bated breath—I hope Secretary of State John Kerry and others will be successful in concluding an agreement. As you know, the Russians and the Chinese, as well as our European allies, are working side-by-side with us. I have full confidence in John Kerry, who I think is one of the best secretaries of state we’ve ever had. I have confidence that if an agreement is concluded that it will be adequately enforceable and will be good for the United States, Iran, and the rest of the world.
Meroney: When you ran for president, you stated that you were against the U.S. intervening in foreign wars. Do you still regard yourself as a non-interventionist?
Carter: I think the United States has the potential of being a true superpower on earth. That to me obviously involves an adequate defense mechanism and economy and cultural attraction for other people. But the measure of it is if we are a champion of peace. And a champion of human rights. And a champion of democracy and freedom. And a champion of environmental quality. And a champion of being generous to people in need. Those are the marks, in my opinion, of a superpower for which we should be striving.
Meroney: What comes to mind when you hear politicians talk about “American exceptionalism”?
Carter: When I gave my farewell address coming out of the White House, I said that the United States did not invent human rights—that human rights invented America. I still have that feeling. Within us, we have the capability and the idealism and the history to be a superpower of the kind I’ve just described.

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FOCUS: A Humiliating Deal for Greece |
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Tuesday, 14 July 2015 10:14 |
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Cassidy writes: "As Europe's leaders return home from Brussels, after a marathon negotiating session that kept Greece in the eurozone at great cost to the country's political sovereignty, the political landscape of the continent looks different, and not a little ominous."
Alexis Tsipras faces the task of persuading the Greek parliament to approve what is perhaps the most intrusive and demanding contract between an advanced nation and its creditors since the Second World War. (photo: Jonathan Raa/Barcroft/Landov)

A Humiliating Deal for Greece
By John Cassidy, The New Yorker
14 July 15
s Europe’s leaders return home from Brussels, after a marathon negotiating session that kept Greece in the eurozone at great cost to the country’s political sovereignty, the political landscape of the continent looks different, and not a little ominous. In forcing Alexis Tsipras’s government into abject surrender—over the entreaties of some of its neighbors, France in particular—Germany has, for perhaps the first time since reunification, in 1990, blatantly exerted its power on the European stage.
Ever since Greek’s leftist Syriza party was elected, in January, on a platform of ending E.U.-imposed austerity policies, it has been pretty obvious that Angela Merkel, the German chancellor and Europe’s de-facto leader, held the key to resolving the crisis. Twice in the past few months, first in March, and again last week, I expressed the hope that Merkel would rise above the conservative German economic ideology of “ordoliberalism,” as well as German prejudices against the southern Europeans, to bring about a solution that, while exerting significant concessions from the Greek government, preserved the ideals of commonality and solidarity that underpin the European Union. Tragically, the Chancellor failed to rise to the challenge.
Rather than adopting the mantle of a European stateswoman, she sided with her hard-line finance minister, Wolfgang Schäuble, forcing Athens to grovel to its creditors on pain of departure from the eurozone—an option to which the Greek public was opposed. Now that Tsipras is back in Athens, he faces the unenviable task of persuading the Greek parliament to approve an agreement that is perhaps the most intrusive and demanding contract between an advanced nation and its creditors since the Second World War. If Greece’s parliament refuses to go along with the deal, the country won’t receive any more money, its government will be forced to default on more loans, its banks will collapse, and it will be forced to issue its own currency, crashing out of the eurozone.
A six-page statement released by the eurozone’s leaders on Monday afternoon spelled out the terms of the Greek surrender. The document was couched in language that seemed designed to inflict maximum humiliation on Tsipras and his Syriza colleagues. Take, for instance, the role of one of Greece’s creditors, the International Monetary Fund, which many Greeks blame for the austerity policies imposed on them by the bailouts of 2010 and 2012. In the past couple of weeks, as Tsipras has been forced to give in here, there, and everywhere, he has insisted that, under the new agreement, Greece would see the back of the I.M.F., at least. Not so. The statement notes that when member states request assistance from the European Stability Mechanism (an E.U. bailout fund, based in Luxembourg, that was set up in 2012), they must also apply for help from the I.M.F. “This is a precondition for the Eurogroup to agree on a new ESM programme,” the statement reads. “Therefore Greece will request continued IMF support (monitoring and financing) from March 2016.”
What about restructuring Greece’s vast debts, which Tsipras had also said would be part of the deal? The statement says that the Eurogroup (the eurozone’s finance ministers, essentially) agreed to consider debt sustainability, but only after Greece implements the terms of the new bailout to the satisfaction of the “Institutions” that will oversee it—i.e., the dreaded “troika,” consisting of the European Central Bank, the European Commission, and the I.M.F.
“The Eurogroup stands ready to consider, if necessary, possible additional measures (possible longer grace and payment periods) aiming at ensuring that [Greece’s] financing needs remain at a sustainable level,” the statement says. “These measures will be conditional upon full implementation of the measures to be agreed in a possible new programme and will be considered after the first positive completion of a review.” Even then, the actions to be considered would be modest ones. “The Euro Summit stresses that nominal haircuts on the debt cannot be undertaken,” the statement continues.
About the only area where the creditors agreed to retreat was in modifying a proposal that Greece be forced to transfer some fifty billion euros’ worth of national assets to a new privatization fund, located outside Greece and administered by foreigners, which would sell the assets to the highest bidder. When word of this idea emerged, on Saturday, in a leaked internal memo from the German finance ministry, some people assumed that it was a bargaining chip intended to force concessions from Syriza in other areas. Not at all. In Merkel’s late night talks with Tsipras, French President François Hollande, and European Council President Donald Tusk, the German Chancellor reportedly said that the privatization-fund proposal was one of her “red lines.” Under pressure from the French and the Greeks, the German side apparently recognized, eventually, that locating the privatization fund outside Greece would be one humiliation too far. They did, however, still insist on setting one up; the statement released on Monday said that the fund will be based in Athens and “managed by the Greek authorities under the supervision of the relevant European Institutions.”
That small concession aside, the Greeks were subjected to a harrowing lesson in the workings of a currency zone that, for many European countries, has turned into a straightjacket, with Germany holding the keys to the padlocks that secure the straps. In the combative style for which he has become famous, Yanis Varoufakis, the former Greek finance minister, described the agreement as a “a new Versailles Treaty” and likened it to a “coup d’état.”
Such language should be used carefully when describing a continent that has seen far too much conflict, extremism, and dictatorship. There hasn’t been a war, and Greece is still a democracy. Even now, the Greek parliament has the power to reject the agreement and pursue a Grexit from the eurozone. Indeed, one of the criticisms that can be made of Tsipras and Varoufakis is that they didn’t more seriously develop the option of an exit during the five months they’ve spent squabbling with Greece’s creditors. For all the risks and hardship that would accompany such a move, it would have offered the eventual prospect of allowing Greece to break free and pursue its own course.
But if what happened over the weekend doesn’t quite amount to a coup, it has nevertheless been a ruthless display of power politics on Germany’s part and a chilling reminder of the remorseless logic of a monetary union dominated by creditors and pre-Keynesian economics. In the words of Paul De Grauwe, a well-known Belgian economist who teaches at London School of Economics, a “template of future governance” of the eurozone was written over the weekend: “Submit to German rule or leave.” In the years and decades ahead, Germany may discover that many Europeans would prefer the second option.

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Hillary's Clintonomics |
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Tuesday, 14 July 2015 08:18 |
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Reich writes: "Hillary's Clintonomics is better than her husband's was. She recognizes (as she said at the start of her campaign) that the 'cards are still stacked in favor of those at the top.'"
Robert Reich. (photo: Richard Morgenstein)

Hillary's Clintonomics
By Robert Reich, Robert Reich's Facebook Page
14 July 15
illary’s Clintonomics is better than her husband's was. She recognizes (as she said at the start of her campaign) that the “cards are still stacked in favor of those at the top.” And this morning she said “the defining economic challenge of our times” was "to raise incomes for hard-working American so that they can enjoy a middle-class life.” While her husband let Wall Street loose, this morning Hillary Clinton criticized the Street’s criminality and said “while institutions have paid large fines... too often it seems that the individuals responsible get off with limited consequence... and pocket the gains… Under my watch, this will change.”
Good as far as she went. But I was disappointed she didn’t call for busting up the biggest banks or resurrecting the Glass-Steagall Act. Instead, she said she’d “appoint federal regulators that understand that too big to fail is still a big problem. We’ll ensure that no firm is too complex to oversee.” I also expected more on corporate reform. Just before attacking Bush, Rubio and Walker, she moved through the section of her speech that had been billed as the day’s marquee policy prescription – tax incentives to encourage corporations to direct a larger chunk of profits to workers. It’s an important idea, but it got only a one-line mention.
Overall, the proposals she advanced in today's speech didn’t rise to the important economic objectives she articulates. Hopefully, she'll provide more in coming weeks and months.

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