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...good news is that Congress has already added a tinge of green to the bailout. The bill, which passed the House of Representatives on Oct. 3 and should be signed soon by President George W. Bush, includes a long-awaited extension of tax credits for the clean energy sector, which had been due to expire at the end of the year. But if this really is the Great Depression 2.0 and we all end up on the street selling apples and iPods, well, at least our carbon emissions will fall...
...estate market by announcing that people who buy a home during the next year will be exempt from federal income tax if and when they later resell that home for a profit. Driven by the profit motive - and tax-free profit at that - real estate investors and others would soon begin snapping up short sales, foreclosures and any other bargains they could find. Unsold housing inventories and mortgage foreclosures would decline, and the housing market would be on its way to recovery. Good old-fashioned capitalism would again save the day. Charles Lingenfelter, CARLSBAD, CALIF...
...season does not officially begin until mid-October, when Harvard can increase its wrestling to more than once a week, but for those veterans felled by injuries, a return to the mat cannot come soon enough...
...affluence depended on America’s financial health. On Black Monday in 1987, stock markets around the world crashed as if by coordination. Plausibly, the U.S. crisis has so far been, in medical terms, “subacute,” but credible signs of exacerbation might soon depress the mood of even the darkest pessimists. September 29, 2008 is already featured in databases listing the most significant days in the stock market’s history...
There are five key components to Exelon’s plan: enact mandatory climate legislation in the form of a cap and trade policy very soon, enhance energy efficiency, encourage renewables with tax credits, fund research and development in coal and carbon recapture, and stay true to competitive markets...