CEI Today: Eurozone troubles, immigration problems, and Sierra Club re-branding


Openmarket.org: The Great Unanswered Question About the Eurozone


In a column for the FT today, Wolfgang Munchau lays out what may be the only plausible solution to the Eurozone crisis – for governments like Greece to “default into” the European Stability Mechanism. The ESM could then issue bonds, thereby mutualizing the bad debt of the defaulting governments. The Euro survives, the PIIGS (Portugal, Italy, Ireland, Greece, Spain) get their debt off their books and can rebuild without having to do distasteful things like reform their labor markets, and the Euro project continues with its new Banking Union.

Except…  The great unasked and unanswered question with all of these schemes is: where is the money coming from? That’s not the same as the question who will buy this debt.  > Read the full commentary on Openmarket.org

> Interview Iain Murray



Globalwarming.org: Fossil Fuel Shill Sierra Club Bites the Hand That Fed It

The Sierra Club is re-branding its anti-natural gas efforts as “Beyond Natural Gas.”  Beyond Natural Gas joins the Sierra Club’s other two anti-energy campaigns, Beyond Coal and Beyond Oil.

The Sierra Club’s timing, whether intentionally or not, kicks Aubrey McClendon, their former patron, when he is down.  Time Magazine
reported earlier this year that McClendon gave the Sierra Club $26 million between 2007 and 2010 for their Beyond Coal campaign.  This week McClendon was relieved of his duties as chairman of one of the U. S.’s largest natural gas producers, Chesapeake Energy, although he remains CEO.  It also became public knowledge last week that the Securities and Exchange Commission has launched an investigation into McClendon and Chesapeake. > Read the full commentary on Globalwarming.org

> Interview Myron Ebell



Our Immigration Problem's Not Going Away

The Pew Hispanic Center’s recent report on the decline of unauthorized immigration has elicited a flood of responses. The report’s finding that “the net migration flow from Mexico to the United States has stopped” has led to some victory laps, such as that by Timothy Noah in his recent New Republic article, “What Crisis? Our Non-Existent Immigration Problem.” Such triumphalist “problem solved” proclamations are wrongheaded. They ignore the 11 million undocumented immigrants still here, the thousands of deaths along our border, the constant Immigration and Customs Enforcement (ICE) raids, and the millions who wait in vain for green cards. > Read more at Realclearpolicy.com

>Interview David Bier



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