The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. This tax would be calculated not only based on mileage flown in EU airspace but also for the entire length of the flight (thus, Chinese and Japanese airlines would be taxed for an entire journey from Beijing or Tokyo).

Weather change and its consequences are inevitable.  Governments and rating agencies around the world have tools  to “motivate” short-term-focused insurers to broaden their risk perspectives, with their executives facing personal liabilities if their coverage reserves fall short. Without more aggressive moves, the rest of the world could end up like Grenada and Jamaica, circa 2004.

Roger Scruton discusses why the environmental movement fits well under the umbrella of conservatism through his new book,  How to Think Seriously About the Planet.

If ever we need evidence of ideology run rampant, the House vote to eliminate the annual American Community Survey and the Economic Census to provide basic information on the state of businesses and industries in the country and data used for generating quarterly gross domestic product estimates is exhibit A.

Losing money is embarrassing. And an embarrassed Jamie Dimon publicly admitted that J.P. Morgan Chase goofed. Three senior executives lost their jobs as a result. But politicians and regulators in Washington are rushing to leverage the bank's misfortune for their own gain.

Just as the political air is filled with talk of the inevitability of Barack Obama's re-election -- we are told that the kids at his Chicago headquarters are brimming with confidence -- in come some poll numbers showing him behind.

Some people dispute that science fiction predicts reality. Those people should be referred to the recent changes in the debate over climate change.

The liberal critics of Republicans want the GOP to behave itself and go back to the good old days best described by Eugene McCarthy’s quip that the chief purpose of moderate Republicans is to shoot the wounded after the battle is over. No thanks.