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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

I haven't the energy

By Megan McArdle
Sep 13 2007, 2:10 PM ET Comment

Exhibit A in my political beliefs: the fate of the Democratic energy bill.

The Senate passed its energy bill on June 21; the House passed its on Aug. 4. The most significant provisions include increasing automobile fuel-efficiency standards to a fleet average of 35 miles per gallon by 2020, compared to 27.5 m.p.g. today.

The standard for light trucks is 20.7 m.p.g.

Another section would require utilities to generate 15 percent of their electricity from renewable sources by 2020.

The mileage standard appears just in the Senate bill, having been squelched in the House by the opposition of Representative John D. Dingell, the powerful Democrat from Michigan. The mandate for renewable power is just in the House bill, having failed in the Senate.

Ordinarily, House and Senate leaders appoint conferees to reconcile bills. But because the Senate and House passed entirely different bills, not simply different versions, one or both chambers will have to pass the other’s bill before it can be “conferenced.”


Incidentally, the piece also mentions that Republicans are pushing for domestic oil production subsidies, while Democrats want a penalty for "price-gouging" by oil companies. I'm so proud to have voted for a party that thinks that retroactive taxes on "excess" profits are a good way to deal with high prices. After all, it worked terribly well in the 1970's and 1980's. I bet that will teach those nasty oil companies that there are penalties for producing a highly desireable product!

Is it any wonder that I'm not affiliated with either party?

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