Index Investing News
Saturday, October 4, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Electricity Hell, Part Deux – Econlib

by Index Investing News
March 19, 2023
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


I have been less active in responding to comments since the evening of March 9. The reason is that at 7 p.m. our power went out and wasn’t restored until March 11 at 9 p.m. Then it went out again from March 13 at 9:30 a.m. to who knows when. I’m writing this at 3 p.m. March 17 and it’s supposed to come on again late on the evening of March 18. I’ll believe it when I see it.

Why does this happen? A huge element is nature. Another huge element is government.

First, nature. We have a lot of trees with fairly shallow roots. The ground they are in has been softened by rain that is approximately double the amount we normally get by this point in the season. Then we get wind, with or without rain, that blows the trees down on the electric wires. Then a power outage.

There are two possible solutions. First, put the wires underground as is happening very slowly in California. Second, cut down the trees before this happens.

Now to the second factor, government. Unfortunately, there is a vocal lobby of citizens who believe that as long as trees aren’t diseased, they shouldn’t be cut. They persuade local governments not to allow home owners or Pacific Gas & Electric to cut down healthy trees. It’s because of these citizens’ power that a tree blew over in Pacific Grove (the city I live in) about 10 years ago and killed an elderly woman. Her survivors sued and won approximately $1 million.

Ah, you say, but then wouldn’t that have caused citizens to change their tune and not oppose more cutting of healthy trees when they endanger people or could blow over onto electric wires. But if you ask that, you don’t know Californians, or at least a vocal segment of Californians.

I think it was after the tree fell and killed the elderly woman that the city government of Pacific Grove hired a forester who came here from Wisconsin. Sounds like a good move, right? One of his first actions was to go around the city looking at city owned property and coming up with a list of trees to be cut. If I recall correctly, the goal he was tasked with was to reduce the probability of future trees falling and killing or injuring people. His list was presented at a city council meeting. Many citizens got up to speak to oppose the cutting of this or that tree.

The guy was probably pretty smart and could see where his career as a forester was likely to go in Pacific Grove. The very next morning, the city manager came into his office and found the forester’s letter of resignation. It said words to this effect: “I’m resigning because Pacific Grove has lots of foresters.”



Source link

Tags: DeuxEconlibelectricityhellPart
ShareTweetShareShare
Previous Post

How professional short sellers view the current markets

Next Post

RIP Shareholders – UBS offers to buy Credit Suisse for up to $1bn.

Related Posts

A weak greenback is dividing firms’ earnings

A weak greenback is dividing firms’ earnings

by Index Investing News
October 3, 2025
0

This text is an on-site model of our FirstFT e-newsletter. Subscribers can signal as much as our Asia, Europe/Africa or...

Indifferent from Actuality? (No) – The Huge Image

Indifferent from Actuality? (No) – The Huge Image

by Index Investing News
September 24, 2025
0

  A fast observe about some damaging chatter that retains displaying up in varied locations. Over the previous few weeks,...

AI Gained’t Kill Work – It Will Reinvent It

AI Gained’t Kill Work – It Will Reinvent It

by Index Investing News
September 20, 2025
0

It’s simple to doomscroll lately. AI, it seems, is coming for our jobs. Even occupations that had been beforehand thought-about...

RWM Makes Barron’s High 100 RIA Corporations!

RWM Makes Barron’s High 100 RIA Corporations!

by Index Investing News
September 16, 2025
0

    I'm thrilled that Ritholtz Wealth Administration has been acknowledged by Barron’s as one of many prime 100 RIAs...

Rethinking Triffin: The Fiscal Dimension of the Greenback Dilemma

Rethinking Triffin: The Fiscal Dimension of the Greenback Dilemma

by Index Investing News
September 12, 2025
0

The controversy over Robert Triffin’s well-known “dilemma” continues to animate policymakers and commentators. Stephen Miran, a number one financial advisor...

Next Post
RIP Shareholders – UBS offers to buy Credit Suisse for up to bn.

RIP Shareholders - UBS offers to buy Credit Suisse for up to $1bn.

Top Wall Street analysts like stocks like BJ’s & CrowdStrike

Top Wall Street analysts like stocks like BJ's & CrowdStrike

RECOMMENDED

Despite losing 50lbs after COVID-19, Shaquille O’Neal wishes for better shape to fulfill dream of scaling Kilimanjaro

Despite losing 50lbs after COVID-19, Shaquille O’Neal wishes for better shape to fulfill dream of scaling Kilimanjaro

September 28, 2023
The Year Everyone Got Wrong

The Year Everyone Got Wrong

August 18, 2023
Everton boss Frank Lampard says that is the ‘place to begin’ for super-sub after game-changing show

Everton boss Frank Lampard says that is the ‘place to begin’ for super-sub after game-changing show

April 21, 2022
First look: New Frisco ISD performing arts center to showcase students' talents in striking setting

First look: New Frisco ISD performing arts center to showcase students' talents in striking setting

December 20, 2023
Japan shares decrease at shut of commerce; Nikkei 225 down 0.27% By Investing.com

Japan shares decrease at shut of commerce; Nikkei 225 down 0.27% By Investing.com

January 8, 2025
Gabriel Attal becomes France’s youngest prime minister | Politics News

Gabriel Attal becomes France’s youngest prime minister | Politics News

January 9, 2024
Glenview Capital provides Microsoft, exits Marvell, Seagate, others (MSFT:NASDAQ)

Glenview Capital provides Microsoft, exits Marvell, Seagate, others (MSFT:NASDAQ)

February 14, 2025
Actual Property Brokers Lament Dud Of A Summer season: Shopper Pipeline Tracker

Actual Property Brokers Lament Dud Of A Summer season: Shopper Pipeline Tracker

September 2, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In