Word: rathering
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...before he got into politics was an economics professor at Texas A&M, took to the task with relish. He was dismissive of the charge that Glass-Steagall repeal has been a big problem. "Europe never had Glass-Steagall," he said. "So why didn't this happen in Europe rather than here?" On derivatives he was a bit more nuanced: All he and the Clinton Administration were trying to do with the 2000 bill, he claimed, was establish that interest-rate and currency swaps - two relatively uncontroversial forms of over-the-counter derivatives - couldn't be regulated as futures...
...mobilize - that warming exists is not quite the provocative statement it once was - and the gaps in the armor are showing. USCAP's recommendations have recently come under attack from a number of outside environmental groups, and the National Wildlife Federation even dropped out of the alliance rather than endorse the blueprint. The problem is that USCAP would allow industry to pay for offsets of around 2 billion metric tons of CO2 a year, to ensure that business has plenty of time to make the transition to a low-carbon economy. (Offsets are projects in which companies pay to reduce...
...carbon offsets under the U.N.'s Clean Development Mechanism - which oversees offset projects under the Kyoto Protocol - do not represent actual emission cuts. In addition, the USCAP proposal recommends that many of the initial carbon emission allowances under a cap-and-trade system should be given to industry free, rather than auctioned - even though auctioning would push carbon reductions faster. (President-elect Obama has said he's in favor of auctions.) "The proposal is a dead end - and an even deader starting point," writes Romm. (Read "Obama Cleans Up After Bush...
Although Caroline Kennedy's rather disorderly withdrawal from consideration to replace Hillary Clinton in the U.S. Senate may have overshadowed New York Governor David Paterson's actual choice, Representative Kirsten Gillibrand is not someone who stays in the background. The ambitious mother of two fulfills two criteria Paterson reportedly had in mind: she's a woman, and she's an Upstater with deep family ties to the Albany area...
...earn more." Key to that is a provision introduced in late 2007 that makes overtime more profitable to both companies and employers by waving taxes and social charges. The ironic result: bosses and workers now find they can have their 35-hour cake and eat 25% bonus time too. "Rather than increasing the set week to 37, 39, or 40 hours - and have to raise fixed salaries proportionally - it's more logical to stay at 35 hours, and go beyond or below it with affordable extra-time as demand surges or decreases," says Zenevre, who is also head...