Word: greener
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...offers concessions to industry. "This is clearly an effort to split the difference," says TIME White House correspondent Jay Carney. "Bush has taken a lot of flak for his decisions on arsenic and Kyoto, for example. The White House wants very much to show Bush in a greener light, but the President also has a lot of friends who are powerful western governors and members of the logging and mining industry...
...global warming by limiting the amount of carbon dioxide that electrical utilities release into the atmosphere--was no rogue operation by an underground cell of Al Gore sympathizers. It was a campaign promise made last fall by Bush, one designed to persuade environmentally conscious swing voters that he was greener than Gore...
...renewable energy sources and "cap and trade" emissions. That is, set ceilings for worldwide greenhouse-gas emission and let nations either sell emission credits if they emit below their allowance or buy credits if they exceed permitted levels. The theory is that the pursuit of greenbacks will fuel greener business. "Whenever you turn a pollution cut into a financial asset," says Joseph Goffman, an attorney at Environmental Defense, "people go out and make lots of pollution cuts...
...recent rash of food-safety scares-and the huge cost of "emergency measures" to cope with them-has prompted calls for a greener and more rational cap. Renate Kunast, Germany's new Agriculture Minister, advocates dropping price supports and revamping subsidies to encourage small-scale organic farming, which emphasizes eco-friendly land stewardship, animal welfare and use of natural produce. Other politicians, ranging from Blair to German Chancellor Gerhard Schroder, have called for a similar reorientation of agriculture policies...
STAYING POWER The grass is always greener in the other mutual fund, and investors are jumping funds 47% faster than they did four years ago. The average holding period is down from 5.5 years to 2.9. In the '90s, performance chasers poured $91 billion into funds after they peaked. Result: bad. Leapfroggers paid a 20% penalty in performance, says a recent study...