June 22, 2014
In an op-ed in the New York Times, former Goldman Sachs CEO and Treasury secretary (2006-09) Henry Paulson argues that in order to meet "the challenge of our time" (i.e., climate change), the U.S. needs to "plac[e] a tax on carbon dioxide emissions," phase out all subsidies for fossil fuels and renewable energy ("Renewable energy can outcompete dirty fuels once pollution costs are accounted for"), and work hand-in-hand with China to transition to a global economy powered by clean energy.
The 2014 edition of the Giving USA report was released on Tuesday, and as usual, writes the AP's David Crary, "Wealthy donors are lavishing money on their favored charities, including universities, hospitals and arts institutions, while giving is flat to social service and church groups more dependent on financially squeezed middle-class donors."
Affirmative action as we know it is doomed, writes David Leonhardt on the New York Times' Upshot blog. "Five of the Supreme Court's nine justices have never voted in favor of a race-based affirmative action program," he notes, while "eight states have already banned race-based affirmative action, and four additional ones, including Ohio and Missouri, may consider bans soon." But maybe a system based on income and/or high school class rank rather than income is a better solution at this moment in history. "Justice Anthony Kennedy, the swing vote on the Supreme Court, has signaled some openness to letting institutions consider race," Leonhardt writes,
so long as race doesn't dominate their decisions. And in today's version of affirmative action, race dominates. The standard way that colleges judge any potential alternative is to ask whether it results in precisely the same amount of racial diversity, rather than acknowledging that other forms of diversity also matter.
"An affirmative action based mostly on class, and using race in narrowly tailored ways, is one much more likely to win approval from Justice Kennedy when the issue inevitably returns to the court.
"The next move belongs to those who believe in affirmative action. They can continue to hope against hope that the status quo will somehow hold. Or they can begin to experiment — and maybe end up with a fairer system than the current one."