This issue brief identifies the four main reforms that the new Prime Minister Narendra Modi’s government must undertake to revive the manufacturing industry in India.
On May 22, the House of Representatives passed the National Defense Authorization Act for Fiscal Year 2015, which specifies the budget and expenditures of the United States Department of Defense and sets the policies under which money (somewhat in excess of $600 billion) will be spent on our country’s defense. However, an amendment added to the bill will keep the Department of Defense from preparing for or performing any military activities that include any construction related to climate change.
Under proposed legislation to implement Mexico’s energy reforms, Pemex will remain a privileged state operator supporting exploration and production in most of the country's proven onshore and shallow water fields. It is not known if energy reform will effectively turn Pemex into a firm able to compete without policy bias against private investors.
Speaking from the historic steps of Old North on the Georgetown University campus on June 25, 2013, President Obama unveiled a detailed plan to address the causes and impacts of climate change. In his words, the president promised, “I’m directing the Environmental Protection Agency to put an end to the limitless dumping of carbon pollution from our power plants, and complete new pollution standards for both new and existing power plants.”
Not quite a year later on June 6, 2014, Gina McCarthy, administrator of the Environmental Protection Agency, responded by proposing “state-specific rate-based goals for carbon dioxide emissions from the power sector, as well as guidelines for states to follow in developing plans to achieve the state-specific goals.”
Energy regulation under Mexico's energy-sector reforms are of great interest to investors, since autonomous regulators—protected from political pressures and able to make and sustain technical decisions—can guarantee greater legal consistency than government authorities exposed to political pressures. The difficulty was finding an alternative model that ensured the institutional strengthening of the agencies without relinquishing too much control of the executive branch.
Following the legalization of retail marijuana sales in Colorado and Washington, and medical marijuana in 22 states with more to follow, marijuana legalization appears inevitable — even in “law and order” states like Texas. Political science fellow Mark P. Jones discusses why Texas is unlikely to legalize the sale and consumption of marijuana in the near future.
Narendra Modi was sworn in as India’s new prime minister on Monday, a little over a week after a landslide victory at the polls. The resounding win gives Modi much greater freedom to implement his agenda than any Indian leader in recent years, says international economics fellow Russell Green. What will Modi’s India look like, and how will it affect the U.S.? Green, who spent four years in India as the U.S. Treasury Department’s first financial attaché to that country, explains.
The recently released National Climate Assessment documents the accelerating rate of climate change caused by human activities, leading to extensive and damaging impacts. The report represents scientific findings on the state of climate change in the United States, summarized in a way that is accessible to its intended audience: the president, members of Congress, and the American people, writes Ron Sass, fellow in global climate change. Will the U.S. Congress respond actively to the report rather than do nothing, as it has in the past? Sass is not sure, but writes that “it is up to the American people to inform themselves and then vote into power those who have the ability and desire to understand the seriousness of the changing climate and are willing to work together to confront it.”
