Word: allowables
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...Thursday, institutional investors from the U.S., Europe and Australia who represent more than $13 trillion in assets called for Congress and other policymakers to take swift action, principally through a cap-and-trade bill, which would limit the amount of carbon industry can produce and allow manufacturers to buy and swap credits, so that those who come in under the limit can sell polluting permits to those who exceed it. It's speculative capitalism with a bright green tint. For the idea to work, the private-investment community needs TLC from government policy: transparency, longevity and certainty. "That's what...
...principle, plants can shift their ranges as the climate changes. But as Kuparinen and her colleagues are only the most recent to note, that shifting won't necessarily keep pace with a shifting climate. "In general," says Field, "we don't have very good understanding of the mechanisms that allow plants to move around on the landscape." Current estimates, he says, are based largely on studies of ancient ecologies. "But our models are mostly not validated for the modern, human-dominated environment...
...market that had a stronger than expected showing at the end of 2009, and it remains to be seen if the Jetstar Pacific imbroglio will significantly deter new foreign investors. Even though Communist hardliners have clamped down on some freedoms, the government nonetheless promised in November it would soon allow foreigners to own 49% of local businesses, up from 30%. As Vietnam's Communist Party encourages economic growth without wanting to let go of power, it's only setting itself up for more clashes with foreign partners...
...cruisers, whose wildest event was your typical cruise-ship hot-tub party, weren't particularly loud partyers or a disturbance to other passengers. But Carnival wouldn't discuss the new ban, simply sending an e-mail statement that the line had "made the decision not to allow any future groups to be booked and marketed on our ships under this theme. It was a business decision...
...late 2008, investment bank UBS instituted such a plan. The executives, however, said forcing banks and other employees to hold on to products they were selling would cause conflicts of interest and limit their ability to do business. Instead, the executives said they instituted so-called clawback provisions, which allow banks to reclaim compensation from bankers who sell products that cause the firm losses down the road. Because of time constraints, the executives were asked to respond to the panel in writing whether clawback provisions have ever been used...