Mar 20, 2017

Why Trump's coal comeback pledge is such a longshot

Steve Helber / AP

Two stories caught my eye that help explain why Trump's pledge to revive the U.S. coal industry is such a heavy lift. A lengthy piece that fronts Sunday's Washington Post biz section says some good signs—higher prices, a boost in deliveries—probably won't change underlying trends. Why?

  • The big open-pit mines where the industry is focused in Wyoming and elsewhere need fewer workers than Appalachian mines.
  • Cheap gas, cheap gas, cheap gas from the fracking boom.
  • Softer than expected Asian demand.
  • Trump has shown "no signs" of backing big federal cash for climate-friendly coal tech.

The Financial Times, meanwhile,

quotes

the International Energy Agency chief predicting that Trump's plans to ease infrastructure permitting could boost U.S. gas exports further, creating a drag on Chinese and Indian coal needs.

Go deeper

A closer look at how colleges can reopen

The campus of Brown University. Photo: Lane Turner/The Boston Globe via Getty Images

Masks in class, sports on hold, dorm life without roommates and summer 2021 classes for some: Brown University President Christina Paxson tells "Axios on HBO" it's all in play as colleges consider whether and how to safely reopen campuses in the fall.

Why it matters: An extended shutdown of U.S. colleges and universities would leave nearly 20 million students and 3 million employees with an uncertain future, but premature reopenings without proper coronavirus safeguards could jeopardize lives and force more closings.

How Disney World could host the NBA

Illustration: Sarah Grillo/Axios

After weeks of speculation, the NBA announced Saturday that it is in early discussions to resume its season in late July at Disney's ESPN Wide World of Sports Complex in Orlando.

What they're saying: The NBA's most well-sourced reporter, Adrian Wojnarowski, says "everything is pointing toward" this happening, and that teams could start recalling players as soon as next week for a two-week quarantine period and formal training camp before heading to Florida.

U.S.-China trade tensions are escalating again

Illustration: Sarah Grillo/Axios

As the coronavirus pandemic appears to be subsiding in China, it's becoming clear that its targets for the phase one trade deal with the U.S. are unrealistic and there is so far no sign of a plan for renegotiation.

What's happening: White House National Economic Council director Larry Kudlow said Thursday the trade deal was "intact, and China has every intent of implementing it."