Word: vital
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...wind farms would reduce the cost of electricity in New England by $185 million per year and $4.6 billion over 25 years. In the process, it will also create jobs in manufacturing and assembling, among other areas. Given the current state of the economy, job-creating initiatives are vital. Considering New England’s January and February unemployment rates, which show a widespread increase, Cape Wind provides a perfect opportunity to reverse such trends...
...blunt the impact of an EMP strike, those most alarmed by the threat want the U.S. military to shield its key electronics, and want vital elements of civilian society to do the same. Like with taxes and health care, the debate over the EMP threat is polarizing. "More fearmongering to garner more $$$ for The Big War Machine," opines one poster on Wired's Danger Room blog. Another skeptic asks: "Do they have a flying carpet that could go that high?" But EMP-threat true believers won't be deterred. "Detonating a nuke on the ground would leave cities in shambles...
...with the U.S.," snapped Chinese Premier Wen Jiabao during a March 14 press conference in Beijing. Days before, high-level U.S. diplomats had flown to the Chinese capital to address a wide range of issues, and over the past year American officials have taken pains to underscore just how vital China is to the U.S. But there's a fine line between a show of respect and a full kowtow. "In many ways this helps give China an inflated sense of empowerment," says Stephanie Kleine-Ahlbrandt, Northeast Asia project director for the International Crisis Group. During Obama's first year...
Raising and strictly enforcing capital requirements is vital to creating a more stable financial system. During the financial crisis, plummeting assets and the consequential market panic caused almost every major bank to fear for its solvency. Had there been more stringent capital requirements, banks would not have been in such dire trouble. As Alan Greenspan notes in his recent paper on the crisis, while requirements should not be onerous, they should leave banks in a position to effectively manage during most crises. The current legislation in the Senate directs regulators to enforce higher capital requirements but without specific capital levels...
...area of fierce contention in the regulatory debate is that of an independent Consumer Financial Protection Agency, but such an institution is vital. Complex financial products wrought destruction on everyone from pension fund-owners to everyday homeowners. An independent CFPA would regulate financial “innovations” such as clever securitization schemes and subprime mortgages that harm lower-income Americans and pension funds while risking the stability of the economy as a whole. The Senate bill currently has a CFPA under the purview of the Federal Reserve Bank, however the creation of an independent agency would give...