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...View from Main Street Re your story on Wall Street [Nov. 9]: Professionals who build bridges, buildings and even houses must be licensed, to encourage adherence to stringent technical, legal and ethical standards. Ignoring the rules can result in losing one's job. Why? Because if these things are constructed poorly, people will get hurt. Since Wall Street is in the business of "engineering" markets in order to make the greatest possible amount of money, why shouldn't they be licensed and held to similar standards? Mark Revis, MORENO VALLEY, CALIF...
...Brazilian state of Mato Grosso to stop them destroying the forest for agriculture. But with 120,000 households around Ulu Masen, even a multimillion-dollar sale of carbon credits might amount to only $100 to $200 a year per family, estimates Linkie. The money might be better pooled to build schools, bridges or other projects that would benefit the entire community. However it is distributed, a very clear message must be sent to the local communities, says Linkie: "You're getting this [money] because you're not cutting down the forest...
...greenhouse-gas emissions at next month's climate talks in Copenhagen, confirming mounting doubts that the conference would yield a landmark pact. Instead, a coalition including U.S. President Barack Obama and Chinese President Hu Jintao announced at the Asia-Pacific Economic Cooperation summit that it will aim to build political consensus, paving the way for concrete steps. The biggest challenge will be aligning the interests of developing and industrialized nations: the U.S., among others, argues that because emerging powers like China and India are among the largest emitters, any deal that excludes them--as did the Kyoto Protocol, which expires...
Scrap Metal and Bridal Gowns You could throw a dart at a chart of S&P 500 companies and come up with a China story. Intel is spending hundreds of millions of dollars to build a gleaming new factory in the northern Chinese city of Dalian. Nike signed up Chinese basketball wunderkind Yao Ming and then a gaggle of élite Chinese athletes to become the most popular sports brand in the country, growing 22% this year in China compared with barely 2% in the U.S. FedEx invested billions in logistics in China and the Pacific Rim, not just enabling...
...Europe has also had its eyes on Turkmenistan's gas as a way of lessening its dependence on Russian fuel. But a plan by several European countries to build a natural gas pipeline through southeastern Europe and Turkey has been delayed for years by wrangling over financing and the route. The Nabucco pipeline, as it's known, will eventually link up with another planned pipeline connecting Turkmenistan and Azerbaijan beneath the Caspian Sea. But, at the current pace, construction may not be completed for years. (Read: "Why Europe Can't Abandon Russian...