Best Business Commentary
Citigroup and the New York Mets both had it sewed up, says David Weidner in MarketWatch. We can “use free-market solutions to attack global warming without imposing an undue burden on the world economy,” says Jeremy Siegel in Kiplinger.com.
The squandering of a winning season
Citigroup and the New York Mets both had it sewed up, says David Weidner in MarketWatch. But just as the “star-studded, big-payroll Mets” blew their seven-game lead, Citigroup—“the world's biggest, most-diversified, and once the most profitable financial services company”—is writing down $5.9 billion and seeing profits drop by 60 percent. The link between the two teams goes beyond Citigroup’s record $20 million-a-year naming-rights deal for the Mets’ nascent Citi Field. Both were done in by bad calls from managers. And regardless of whose head rolls, “Citigroup and the Mets will look much different come the start of spring.”
Fighting global warming, embracing markets
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
We can “use free-market solutions to attack global warming without imposing an undue burden on the world economy,” says Jeremy Siegel in Kiplinger.com. Using “today’s technologies,” California has implemented effective “energy-efficiency improvements,” and “no one I know would call the state impoverished” because of them. We have to raise the cost of carbon emissions, and the European Union’s market-based “‘cap and trade’ system” is the most promising. A market price for carbon emissions would give both “consumers and producers clear signals about how to conserve.”
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
6 charming homes for the whimsical
Feature Featuring a 1924 factory-turned-loft in San Francisco and a home with custom murals in Yucca Valley
By The Week Staff Published
-
Big tech's big pivot
Opinion How Silicon Valley's corporate titans learned to love Trump
By Theunis Bates Published
-
Stacy Horn's 6 favorite works that explore the spectrum of evil
Feature The author recommends works by Kazuo Ishiguro, Anthony Doerr, and more
By The Week US Published