A Market-Based Solution to California’s Water Shortage
California’s water crisis – and Governor Jerry Brown’s draconian response to it – could go a long way toward uniting middle class and elite urbanites in a revolt against political favoritism run amuck.
As Shikha Dalmia explains, “The best — and most sustainable — solution to California's water woes would be full-bore markets in which prices can rise and fall with supply and demand. Under such a system, depleting water reserves would have led to price increases long ago, producing an automatic incentive to conserve. More importantly, this would have clearly signaled growing scarcity, spurring new technologies for affordable water generation. All of this would have allowed consumers and businesses to make small adjustments over time without letting the shortage reach a crisis…[more]
Two relatively recent photos of Barack Obama with foreign leaders reveal much about his deep-dyed leftism. The first features President Obama and democratically elected Prime Minister Benjamin Netanyahu, leader of one of America's most loyal friends. Obama looks strained. His face is stiff, and his eyes are veiled. The second is a snap of Obama at the recent Summit of the Americas in Panama. He's seated with "President" Raul Castro, leader of a bitter enemy, who has never received a single free vote. Obama is grinning, his eyes dancing with pleasure.
In contrast to the bitterness with…
"'Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich,' by Peter Schweizer -- a 186-page investigation of donations made to the Clinton Foundation by foreign entities -- is proving the most anticipated and feared book of a presidential cycle still in its infancy.The book, a copy of which was obtained by The New York Times, asserts that…[more]