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Posts Tagged ‘risks’

Just as Canada made a sweeping decision to fully legalize marijuana, former Mexican President Vicente Fox made headlines of his own after joining the board of “High Times”, a publication that has carried the crusade for cannabis legalization since its inception. In an interview with the Associated Press, Fox argues in favor of extending legalization not just to marijuana but to all so-called street drugs. Fox cites as a reason for his position the brutality associated with the illegal drug trades. Government cannot successfully regulate people’s behavior, he argues, and so individuals ought to be free to do what they wish without fear of criminal repercussion.

Fox’s support of drug legalization is no longer the minority opinion it once was among national leaders. In the U.S., eight states — Alaska, Washington, Oregon, Nevada, California, Colorado, Maine and Vermont — have legalized recreational marijuana. Lawmakers are increasingly supportive of marijuana legalization not just as a means to relieve prison overcrowding but as another source of jobs, tax and investment revenue. When it comes to an across-the-board legalization at the federal level, however, a wait-and-see approach ought to be embraced. Why? Because early evidence in the wake of successful State-based decriminalization initiatives reveal problems policymakers have yet to resolve.

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The Price of Cheap: The Hidden Cost of E-Commerce

For years “energy independence” has been the catch-all solution promoted by politicians, talk radio hosts, newspaper columnists and others who point out that the U.S. is short on oil refining capacity. Nonetheless, petroleum production facilities are not only in the process of downsizing in response to a weak economy, but permanently so the Los Angeles Times reports in “Oil companies look at permanent refinery cutbacks” [March 11, 2010].

The oil industry, which as recently as 2007 broke so many profit records that allegations of collusion and price-gouging surfaced, is singing a different tune: Limiting supply to increase sagging profit margins is the solution, analysts say, for losses induced by everything from fuel efficient cars to retiring baby boomers who no longer commute to and from work.

And to think: Just a few years ago SUVs, with their paltry ~13 mpg, were the rage from Coast to Coast. Could it be that Cash for Clunkers, unintentionally so, was a little too effective — or are oil industry insiders selling Americans up the river when they can least afford it? Whatever the case may be, nothing says Green like fuel-efficient automobiles and the beginnings of an alternative energy infrastructure. Even so, the picture the LAT paints is far from complete. The Perfect Storm of tightening supply, increasing commodity prices, rising taxes and further job losses looms on the horizon.

Hang on to your hat! The price of life is going up.

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