Word: allowances
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...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...
...come from a slow or ineffective response. The Administration of U.S. President George W. Bush was stained by its sluggish reaction after Hurricane Katrina ravaged New Orleans in 2005. Beijing is also painfully conscious of the opprobrium heaped on Burma's military rulers for their callous refusal to allow the international community to help in the wake of Cyclone Nargis, which killed at least 100,000 in early May. China has "a chance to show the world that it has the capability and readiness to handle an emergency like this," says Huang Jing, a visiting scholar and China expert...
...also said the J-term would be an opportunity to expand existing programs, such as the Immersion Experiences, which allow students to conduct field work throughout the world, and to experiment with new offerings such as mini-courses, team activities, and experiential and field-based learning...
Every once and a while, however, Harvard College Librarian Keyes D. Metcalf would allow Radcliffe girls to visit at special hours for “inspection tours...
...drive down costs even further, he proposes an even more controversial cost-containment idea. His plan would allow the unlimited use of so-called offsets, or pollution credits purchased from carbon-reduction projects outside the cap-and-trade system. In other words, a coal-fired utility in Ohio wouldn't have to reduce its carbon emissions if it bought enough offsets from, say, a forest preserve that promised not to clear-cut its timber. A certain number of offsets make sense - as long as they are real and verified (which is hard to ensure). But many policy analysts fear that...