Word: oil
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...just a few dollars in the pockets of all but the biggest gas hogs. Where Presidents (and Congress) can have a big impact is in the long-term trajectory of energy prices and their effect on the economy. Elected officials can do this by steering Americans away from oil and toward other energy sources and conservation measures - or by failing to do so, which has been the laissez-faire policy of the past quarter-century and has helped land us in our current sorry situation...
...What makes doing the right thing on energy difficult is that it would almost inevitably involve raising costs now, with higher taxes on oil, increased subsidies for other energy sources or higher energy-efficiency standards for vehicles and homes - or all three. Economists tend to prefer the first of these approaches because taxes on gas, oil or fossil fuels in general tamp demand and allow the market - rather than members of Congress - to sift out the best alternatives...
...trade system, which would set a declining limit on global warming pollution, then let companies sell their excess pollution permits for a profit. "For all of the last century," he said, "the profit motive basically led in one direction - toward machines, methods and industries that used oil and gas." He praised the good that came from that growth but pointed out that there were "costs we weren?t counting. And these terrible costs have added up." Now, he said, a cap-and-trade system would harness the profit motive to reverse that trend and usher in a cleaner, more vibrant...
...There is no bazaar here," says another. Daily essentials, like cooking oil, sugar and tea are on the other side of the checkpoint. "If I go to the bazaar they will say I am an informant...
...Meanwhile, he does what he can. He has befriended District Commissioner Mullah Abdul Raziq, and is encouraging him to take a stronger leadership role. He gives Raziq money, flour and oil to pass out to the villagers that have returned. Today, he has asked Raziq to convene a shura, or meeting, with the village elders. En route to the gathering, Shervington encounters another farmer tending to his opium harvest. "Last time you brought us shoes as gifts and it made big problems for us," Ghulam Madin tells the major. "The Taliban came and took them away. We had to promise...