Word: cap
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...last time we got close to writing drastic regulation on credit or debit cards was in 1991, when 74 senators voted in favor of a 14 percent interest-rate cap on credit cards. George H. W. Bush had given a fundraising speech in New York where he talked about lowering credit-card rates, a bullet point that had been included at the last minute by his chief of staff but hadn’t been approved by his economic advisors. Support from a Republican president lent congressional Democrats the air cover to move a bill that received no more than...
...trend is part of a larger movement toward voluntourism, i.e., trips with a heavy focus on volunteering. But unlike programs like Habitat for Humanity that pair weeklong projects with unglamorous accommodations, hotel-organized excursions generally take up no more than a day, and participants can cap off the experience back at the ranch with $15 cocktails and a night on high-thread-count sheets...
...undeniable dangers of climate change with Our Choice, a sequel to his 2006 slideshow-book-film, An Inconvenient Truth. Our Choice discusses the causes of global warming (fossil fuels, deforestation), viable solutions (renewable energy) and ways to make these solutions a reality (a CO[subscript 2] tax and a cap-and-trade system). It's packed with scientific data explained in painstaking detail--including a full-page graphic on how a wind turbine works--but it reads like a homework assignment. Gore's excellent lessons--why biofuel isn't as environmentally friendly as you'd think; why large-scale, sustainable...
...play a bigger role in the economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs to act aggressively...
...both Budnitz and Elizabeth Bartholet ’62, the faculty director of CAP, agreed that what they do is still not enough...