Total Blindness to Unintended Consequences
Greenbiz.com has made a commendable and manful effort to wade through a dense thicket of data obfuscation. They have poured over all 40 pages of a recent study of how the current Cap’N Trade bill, volleyed about Congress, would impact the profitability of S&P 500 corporations. The study, itself, is a little too boring to read to the kids, but it marks a nice effort to merge financial investigation and fabulist storytelling.
The report, “Carbon Risks and Opportunities in the S&P 500,” was put together by the not-for-profit Investor Responsibility Research Center Institute and Trucost, a global provider of environmental data and analysis.
Regrettably Greenbiz got taken for a ride and doesn’t see too many problems with Cap’N Trade. They tell us to relax, the PMT is chump-change and we can always refinance the ARM before the rate adjusts. If you believe in fairy-tales, here’s what Peter Pan got off his handy-dandy Excel Spreadsheet.Read More »