Editorial: Trump bailout turns free market upside down

first_img FacebookTwitterLinkedInEmailPrint分享Houston Chronicle:Americans of a certain age likely remember Tennessee Ernie Ford, a TV entertainer whose musical rendition of a coal miner’s lament, “Sixteen Tons,” sold millions of records in the mid-1950s. Written a decade earlier by a former Kentucky coal miner, “Sixteen Tons” opened with the evocative question: “You load sixteen tons, what do you get?” In his sonorous baritone voice, Ford offered up a doleful reply. What you get when you load sixteen tons of number nine coal, he sang, is “another day older and deeper in debt.”More than a half century later, Texas Rick Perry, the nation’s energy secretary, knows whereof Tennessee Ernie sang. Although Perry can’t admit it, he knows that coal-mining is a dying industry and, despite its proud tradition, a dangerous, dead end occupation for fewer and fewer American workers. Texas Rick knows that, and yet, “bless his little, ol’ pea-pickin’ heart” — as Tennessee Ernie would have exclaimed — he’s now having to warble his own coal-mining ditty.Perry has been ordered by President Trump to prepare immediate steps to keep money-losing coal and nuclear plants from shutting down. One plan under consideration is to require operators of the nation’s electricity grid to buy power or reserve generation capacity from plants scheduled to be retired. Phillip Bump of the Washington Post has compared the Trump/Perry plan to “having a failing grocery store in your neighborhood and the government mandating that everyone do enough of their shopping there to keep the place from shutting down.”Never mind that we consumers will be paying more for our “groceries” under the Trump directive. Never mind that coal is losing out in a power market dominated by cheap natural gas and increasingly efficient forms of renewable energy. What’s important is an ongoing effort by the White House to fulfill an implausible Trump campaign promise to bail out the coal and nuclear industries and to reward the operators who are his cronies. Perry, if he wants to keep his job, can only salute his boss—and betray his oft-proclaimed faith in the free market.Texans can appreciate the irony. This is the erstwhile governor who was so “fed up,” he even wrote a book, an impassioned screed decrying federal government intervention. Gov. Perry would have sneered at the blatant government intervention in the free market that Secretary Perry insists is necessary, and he would have scoffed at the “national security” rationale offered up by the White House.Now, of course, Perry—and we—are at the mercy of a president so ill-informed about the environment that he would reverse the progress we’ve made with natural gas and renewables. If Trump’s unprecedented effort to intervene in the energy market goes forward, whether through mandates or subsidies, then both natural gas and Texas suffers, and so does the rest of the country.More: Perry vs. Texas: Coal bailout will sell out wind and natural gas [Editorial] Editorial: Trump bailout turns free market upside downlast_img read more

Juventus defender turns down Man City switch

first_img Bonucci admitted that he had been approached previously by Manchester City and turned down the offer in favour of staying with the Old Lady. Sky Sport Italia’s Gianluca Di Marizio reports that the veteran centre-back was the subject of another approach from Guardiola’s City, however Bonucci turned down the offer to the point that the Premier League club never got as far as making an official bid to Juve. Juventus defender Leonardo Bonucci turned down another offer from Manchester City in favour of remaining in Turin. The 33-year-old defender spent seven years in Turin, before making a short-lived move to Milan, returning to Juventus shortly after.Advertisement Read Also: Man City table three-year contract for Lionel MessiDi Marzio suggests that Bonucci is adamant that he wants to finish his playing career in Turin and retire at Juventus.The Viterbo native has made 407 appearances for the Bianconeri, scoring 26 goals in 8 seasons while also standing in as club captain for the 2019/20 season, following Giorgio Chiellini’s injury.FacebookTwitterWhatsAppEmail分享 Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemBest & Worst Celebrity Endorsed Games Ever MadeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Adorable Model For Simba In The Lion King Remake7 Thailand’s Most Exquisite Architectural WondersA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day6 Of The Best 90s Shows That Need To Come Back ASAPTop 6 Iconic Supercar MoviesWhy Go Veg? 7 Reasons To Do This9 Heroes Of Popular Memes Then And NowCan Playing Too Many Video Games Hurt Your Body? Loading… last_img read more

Man City’s Kyle Walker might ‘never play for England again’ after hosting ‘sex party’ despite COVID-19 lockdown

first_imgManchester City defender, Kyle Walker, is facing a massive fine from the club after breaching COVID-19 lockdown rules to host a sex party.He’s also at risk of losing his place in the England national team permanently,The player invited two sex workers to his house who, according to reports were paid £2,200 each for their services.The player’s actions are in stark contrast to a campaign by his club, which Walker has been part of, to get people to stay at home due to the Coronavirus pandemic.He has since apologised although he is still expected to face a hefty punishment from the club.“I want to take this opportunity to issue a public apology for the choices I made last week. I understand my position as a professional footballer brings the responsibility of being a role model. “As such, I want to apologise to my family, friends, football club, supporters and the public for letting them down,” he said.A Man City spokesperson said the club was deeply disappointed with Walker’s actions given the club’s role in the efforts against coronavirus but notes his apology and will be sanctioning him internally.“Footballers are global role models and our staff and players have been working to support the incredible efforts of the NHS and other key workers in fighting the effects of Covid-19, in any way we can.“Kyle’s actions in this matter have directly contravened these efforts. We are disappointed to hear the allegations, note Kyle’s swift statement and apology, and will be conducting an internal disciplinary procedure.”Walker is the latest player to break isolation regulations in the wake of the freeze on football.Earlier Aston Villa star Jack Grealish was reportedly fined £150,000 for ignoring the restrictions only to end up crashing his car into two others.Jack Grealish, following his accidentReal Madrid forward, Luka Jovic is also under investigation in Serbia after leaving isolation to attend his girlfriend’s birthday party.Bayern Munich defender Jerome Boateng was also fined by his club after he left his home to visit his son in hospital, despite a lockdown being in place.last_img read more