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...policy. If we fail to act now, there is substantial scientific evidence that we may not get another chance. Estimates suggest that if we surpass the two-degree Centigrade limit adapted by the G-8 this summer, 20-30 percent of species could go extinct and more than 1.5 billion people worldwide could face major water shortages. While health care is important, it cannot be the only priority of the Obama administration. A superb health-care system counts for little if the world is no longer livable because of dramatic environmental effects brought on by climate change...
...American Council for an Energy-Efficient Economy published a report that found the Waxman-Markey bill would generate 7,700 jobs in Colorado alone. And the non-partisan Congressional Budget Office found that Waxman-Markey would have a net positive impact on government finances to the tune of $25 billion...
...there a public option? No. As an alternative to the controversial government-run health option, the bill, beginning in 2012, would provide $6 billion in federal funding to states or groups of states to set up nonprofit, consumer-owned and -operated health-insurance cooperatives. These cooperatives would be unaffiliated with any government entity and would be self-insured - meaning cooperatives would collect premiums from members and pay out claims from those funds. Cooperative insurance plans would be available to consumers through the state exchanges that are to be set up as part of the reform plan...
...much does the bill cost, and will it add to the deficit? In a press release accompanying the release of the bill, Senate Finance Committee Chairman Max Baucus says the legislation would cost $856 billion over 10 years and would not increase the deficit. The nonpartisan Congressional Budget Office, which put the bill's total cost at a lower $774 billion, says the bill would actually reduce the deficit by $49 billion between 2010 and 2019. (Watch an abridged version of President Obama's health-care speech before Congress...
...year should not collapse our faith in their investment acumen. In the 10-year period ending in fiscal year 2008, the Harvard endowment outperformed the median institutional fund by 7.7 percent per year. Had it earned the median institutional fund rate, endowment assets would have been $23.5 billion less. Moreover, Harvard’s money czars are far from alone in their shortcomings this year. Yale’s endowment fell 30 percent in the past fiscal year...