Word: soon
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Ramesh's outburst may have been triggered by concerns that the U.S. cap-and-trade bill that was recently passed by the House of Representatives - and which will soon be taken on by the Senate - includes a provision that would eventually impose trade sanctions on countries that did not accept binding emissions targets. The passage was inserted to appease members of Congress who worried that a carbon cap would lead to the migration of energy-intensive industries from nations with emissions limits to those without them. That restriction seems fair - until you realize that many of the products exported from...
...doctor shaped your views on health care? In the public emergency rooms in the Bronx where I went to medical school and in my office. I once had a young woman who came to me who turned out to have diabetes and was dropped by her insurance company as soon as the renewal date came up. I've never forgotten that...
...international currency. Since World War II, that role has been played by the dollar, with the U.S. having by far the world's biggest economy. Now that China is rapidly charging up the list - it currently ranks third and could overtake Japan as No. 2 as soon as next year - there is good reason to believe the yuan could dash into the big league of global currencies...
...bills have increased by 50% in the past 12 months, as China continues to invest its ever increasing stash of dollars. "Cheap talk aside, China is actually the biggest supporter of the dollar," says Scissors. "It has no choice." Don't expect to change those greenbacks for redbacks anytime soon...
...Israelis are equally skeptical about Palestinian intentions. In an interview last week, Netanyahu's national security adviser, Uzi Arad, poured scorn on the Obama Administration's efforts to expedite a two-state solution, saying the conflict would not end soon because the Palestinians, including Palestinian Authority President Mahmoud Abbas, lack the will to end it. "Even the moderates among them do not really want a settlement," Arad said. "At most, they are striving toward a settlement in order to renew the confrontation from a better position...