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...Obama and his interlocutors lacked specific emission-reduction targets, and only included a vague pledge to attempt to keep global warming from rising above the upper safe limit of 2 degrees celsius. The dissenters also attacked the climate finance for poor countries promised in the deal - around $30 billion for the period to 2012, and $100 billion annually by 2020 - as far short of the needs of the nations hardest hit by global warming. Perhaps most of all, they were angry because the deal was struck behind closed doors by a handful of powerful nations, and then presented...
...Murren waited five years to welcome the world to CityCenter, the 18 million-sq.-ft., $8.5 billion resort complex that opened this week in the heart of the Las Vegas Strip. When he took over as CEO of MGM Mirage a year ago, he was a youthful 47. "I'm now an old 48," he says, and he's got the gray hairs to prove it. That's because CityCenter came within a whisker of not opening at all, even as it was billed the most expensive private construction project in American history and thought of among locals...
...retiree health care. The resources devoted to the VEBA have been badly depleted by the bankruptcies at GM and Chrysler, creating doubts about how long they can sustain current benefit levels. The danger is that with thousand of union members retiring early in the past three years, the $21 billion in VEBA assets could be drained before the retirees qualify for Medicare...
...headlines in England for his acknowledgment of the obvious: “People will be rightly furious if agreement [at the conference] is not possible.” His countryman Tony Blair has chimed in as well, demanding a hasty resolution. Yet the EU has pledged less than $10 billion to short-term climate aid for developing nations. To put that in perspective, Japan has individually promised $15 billion. Miliband might do better to work on solutions than to make sweeping remarks to the world press...
...statement, Clinton advocated for a fund of at least $100 billion dollars per year by 2020, to aid countries in dealing with the climate-related disasters that could be on their way. While the EU did not seem overly impressed with the announcement—an indication of potential disappointment at the suggested sum—Clinton’s voice re-energized other players, leading negotiators in the right direction. India’s Environment Minister Jairam Ramesh “hailed” the announcement, calling it a “‘very important step...