By the time of Abelson’s final column, on Feb. 11, 2013, three months before his death, he had lampooned several generations of politicians. As we approach Inauguration Day, here are some of his observations on U.S. presidents coming and going, through the decades.
Abelson didn’t address Richard Nixon’s first inauguration, in 1969, and he took a somber look at the problems facing Nixon in his second term, including a slowing economy and overseas entanglements. “Call us a cockeyed optimist,” Abelson wrote on Jan. 22, 1973, “but we think the pause that depresses will end when the war in Vietnam does.”
He had fun with the arrival of Jimmy Carter four years later, observing on Jan. 24, 1977, how “our new President strode, those magnificent choppers aflash, from the Capitol to the White House, unencumbered by fur hat or earmuffs or muffler” despite subfreezing temperatures. Perhaps, Abelson speculated, politicians “are so full of hot air that they are insulated agai
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Coal could gain share despite losing its greatest political champion President Trump. George Frey/Getty Images
Coal has been steadily dropping as a source of U.S. electricity generation over the past two decades. After peaking in 1998, the amount of coal produced in the country had fallen by 40% by 2019, and it dropped even more in 2020.
But the next two years could see a reversal. The U.S. government now expects coal to rise from 20% of electricity consumption in 2020 to 22% in 2021 and 24% in 2022.
What’s remarkable is that coal could gain share despite losing its greatest political champion President Donald Trump. How could it suddenly be experiencing a mini-renaissance when it’s about to face much more stringent regulations?
VMware, Pat Gelsinger, effective Feb. 15. Since Swan took over in 2019, Intel has divested from non-core assets while making acquisitions that
strengthened its core business. But as
Barron’s notes, “Swan doesn’t have semiconductors in his DNA and is known as more of a software and finance executive than a man with deep technical expertise.” Gelsinger, on the other hand, is
a prominent technical expert in the chip industry. He’s a trained engineer who has written a microprocessor programming book, holds several patents, helped create Wi-Fi technology and spent three decades at Intel earlier in his career. “After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel,” Intel chairman Omar Ishrak said in a statement.
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Oil and gas companies could face more stringent regulations under Democratic control of the White House and Congress. But analysts remain confident about their prospects, as political shifts often result in surprising changes.
In fact, President-elect Joe Biden’s victory has coincided with a runup in prices even though he is considered to be less of a friend to the industry than a Republican administration would have been.
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Apache, Devon Energy, and EOG Are a Few of the Oil and Gas Industry’s ‘Democrat Darlings’
Oil and gas companies could face more stringent regulations under Democratic control of the White House and Congress.