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Notes on a Visit to Korea
I’ve been lucky enough to visit South Korea twice over the past year, and unlucky enough to encounter extreme weather both times: bone-chilling cold in December and a late-August heat…
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Greenhouse Gases and Open Registries
The International Maritime Organization (IMO) doesn’t normally make headlines, but its new strategy to reduce greenhouse-gas emissions from shipping is a considerable accomplishment. If it succeeds, emissions from international shipping…
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Sustainability and Trade
The cost of mitigating climate change is hard to put a finger on. That’s one conclusion from a recent conference on climate change and macroeconomics at the Peterson Institute for…
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The FTC Seeks to Shelter Mom & Pop, Again
In 1909, the Kellogg Toasted Corn Flake Company offered a “Square Deal.” Hoping to get its flakes on more grocers’ shelves, Kellogg set the cash price for wholesalers at 6.8…
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Nearshoring Is Hard to See
Last week I was in Mexico City to speak at the Logistics World Summit, an annual event that draws thousands of truckers, freight forwarders, manufacturers, and software vendors to the…
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The Bizarre Assault on ESG
I confess to bewilderment at some U.S. conservatives’ assault on the use of environmental, social, and governance (ESG) criteria in investing. Conservatives in Congress, including a few Democrats as well…