If you invested one dollar in the post-war years in a diversified portfolio of all publicly traded firms, by 1980 you would have seen a real return of zero. Instead, if you invested one dollar in 1980, today you would have nearly ten dollars. This column argues that the rise of stock market valuations is […]
If you invested one dollar in the post-war years in a diversified portfolio of all publicly traded firms, by 1980 you would have seen a real return of zero. Instead, if you invested one dollar in 1980, today you would have nearly ten dollars. This column argues that the rise of stock market valuations is […]
If you invested one dollar in the post-war years in a diversified portfolio of all publicly traded firms, by 1980 you would have seen a real return of zero. Instead, if you invested one dollar in 1980, today you would have nearly ten dollars. This column argues that the rise of stock market valuations is […]
Electricity is the lifeline for a modern economy. At the same time, the power sector is the world’s main source of greenhouse gas emissions. Limiting the worst effects of a changing climate requires that the supply of clean electricity grows rapidly. This presents challenges as the power sector is technologically complex and requires costly infrastructure development. The […]
There is a silent environmental crisis unfolding around us. Chemicals, such as lead and nitrogen, are in our soil, our water supply, and our household products, often going unseen but with dire results. We have only begun to understand the true magnitude of lead poisoning, for example, its impacts on cardiovascular disease and on our […]