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There’s No Gold in Them Thar Years

March 22, 2010 by Llewellyn King 4 Comments

You don’t grow old gradually. It’s a sudden thing.

You probably haven’t even realized you’re in late middle age. Then, without warning, you’ve crossed the age meridian irrevocably.

You’re old.

It’s a sobering business. Chances are you won’t forget where you were when old age arrived, like the day President Kennedy was assassinated.

I was at the Amtrak ticket counter at Baltimore-Washington International Airport. The woman ticket seller looked at me and said: You get the senior discount.

Senior discount? Never heard of it before then.

I glanced over my shoulder, thinking the clerk was addressing someone behind me. There was no one there.

I was the subject of her compassion. Damn!

It’s not so much about being old, it’s about privacy. Everyone knows from your face you’re old and treats you with toxic kindness: Would you like to sit? Why don’t you take the elevator? We won’t be late.

But the really awful patronage comes from doctors.

In particular, doctors who tell you what they think you’ll like to hear. Try these cheering words from the mavens of Medicare: Your knees aren’t bad for your age. You have an enlarged prostate, but that’s normal for a man of your age.

Man of your age. That’s hate speech in the ears of older patients.

Worse. It’s medical relativism. It makes you feel like you’re akin to the vehicles at Rent-A-Wreck: You’ll get down the road, but not out of state. Like most men, and the same goes for women, you’re clapped out, past your sell-by date, out of the prospect of medical miracles. Unlike the way Dylan Thomas dispatched his old dad, you’re going to go gentle into that good night.

One of Americas more interesting captains of industry is John Rowe. He’s chairman of Exelon, the giant utility company. When asked at the National Press Club which companies Exelon was lusting to acquire, Rowe responded as though the question was about something human: I’m 64, and lust is a big problem.

It was a crafty double entendre. Young reporters thought he was talking acquisitions, but the men of the age of hot type knew differently.

When you’re in the Medicare generation, you’re by definition in lust deficit. You can lust, but you’ll most likely lust alone.

For example, the old luster meets a young lustee at a party. The charm flows, the wine provokes, and then the awful remark that deflates: You’ve had such an interesting life. Words like that inter hope. They put you in your place with your prosthesis, dental implants and all those pills, which suddenly you need, or you’re told you need.

There are some delightful goodies in store for oldies. You pay half price on public transport in many places, younger people usually offer you their seats on trains and buses, doctors charge Medicare and not you for care, and the government sends you checks. You can jump the line at airports on geriatric grounds, and you can doze off anywhere when things get boring. You can wear a brown belt with black shoes, and you can question prices without shame: Does the soup come with the entree? Eccentricity gets new license.

Then there’s the capriciousness of memory. A friend in Hong Kong sent me a long e-mail about people we went to middle school with. I wrote back, congratulating him on his memory. He fired back: Thanks, but I wish I remembered where I parked my car? I haven’t seen it for two days.

Should he be allowed to drive? Have the authorities taken his car?

I, you understand, am a particularly boyish 70. –For the Hearst-New York Times Syndicate

 

Filed Under: King's Commentaries Tagged With: Exelon, John Rowe, National Press Club, old age

U.S. Chamber of Commerce Faces Its Own Guns

October 1, 2009 by Llewellyn King 1 Comment

 

 

The U.S. Chamber of Commerce’s building on H Street in Washington glowers across Lafayette Park at the White House. It is a impersonal building, austere even, reminiscent of a British colonial post office.

 

With 3 million members, and the largest budget of any trade group in Washington, the chamber is a political force to be reckoned with, as is its hard-driving chief executive, Thomas Donohue.

 

Its stance is that American business is a kind of Gulliver, tied down by the Lilliputian strings of regulation and regressive public policy. Under Donohue, the chamber has relentlessly sought out threats to business, real and hypothetical. It opposes unions; regulation; government intrusion into markets; expansion of programs that cost tax dollars, which is all social programs; and raising the minimum wage. It is more ambivalent these days about health care. And Donohue can be quite capricious; for example, he has called for normalizing relations with Cuba.

 

Now the chamber is roiled as it seldom has been. The casus belli is climate change, and what a storm it has produced. Three large electric utilities have withdrawn from the chamber, accusing it of extremism in its stance on climate change. Sneaker giant Nike has resigned from the chamber’s board of directors in protest, but is still a member.

 

The utilities include Exelon, by some measures the largest utility; Pacific Gas & Electric, a giant in California; and PNM, the largest utility in New Mexico. As a percentage of membership, they do not affect the chamber much; but strategically, their rebuke means a great deal. They are the very constituency the chamber and Donohue are out to help. They burn coal as well as other fuels, and they are critically affected by what is to happen in climate legislation or regulation.

 

The utilities want Congress to pass cap-and-trade legislation. If Congress fails to pass the legislation, they fear Environmental Protection Agency regulation. The stakes are high. The chamber is opposed to the present cap-and-trade legislation before Congress, and has challenged the science that would be used by the EPA.

 

“If Congress does not act, the EPA will and the result will be more arbitrary, more expensive and more uncertain for investors and the industry than a reasonable, market-based legislative solution,” said John Rowe, Exelon’s chairman and chief executive officer.

 

Two of the big rebel utility CEOs are national business figures: Rowe of Exelon is revered as a prince-philosopher inside and outside of the electric industry; and Peter Darbee of PG&E, who wrote a strongly-worded letter of resignation to Donohue, is a major corporate friend of the environment.

 

All three utilities, along with their Washington trade association, the Edison Electric Institute, favor cap-and-trade legislation now being considered in Congress. Another utility savant, James Rogers of Duke

Energy, is pulling his utility conglomerate out of the National Association of Manufacturers, because of its opposition to cap-and-trade.

 

Darbee hit hardest at the chamber. In a two-page letter he wrote: “We find it dismaying that the chamber neglects the indisputable fact that a decisive majority of experts have said the data on global warming are compelling and point to a threat that cannot be ignored. In our view, an intellectually honest agreement over the best policy response to the challenges to climate change is one thing; disingenuous attempts to diminish or distort the reality of these challenges are quite another.”

 

The chamber has opposed not only the EPA’s plans to regulate carbon emissions in the absence of legislation, but also has attacked the scientific basis put forward by the agency. Yet Donohue insists that the chamber is neither denying the carbon emissions problem, nor is opposed to a legislative solution. Instead, it wants one tied to a global agreement on greenhouse gas emissions to protect U.S. companies from onerous conditions.

 

Friends of Donohue–who applaud much of what the chamber stands for–say that it is caught in a position where it has to say what it is for, not just what it is against. The chamber has always been at the barricades, not facing its own guns. The experience is novel and unpleasant for those on H Street. –For the Hearst-New York Times Syndicate

 

 

 

Filed Under: King's Commentaries Tagged With: cap-and-trade legislation, Congress, Duke Energy, Edison Electric Institute, Environmental Protection Agency, Exelon, James Rogers, John Rowe, National Association of Manufacturers, Nike, Pacific Gas & Electric, Peter Darbee, Tom Donohue, U.S. Chamber of Commerce

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