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Word: caps (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Caspar Weinberger, who died Tuesday at 88, arrived at Ronald Reagan's Pentagon in 1981 with the nickname "Cap the Knife" for his penny-pinching ways as budget and welfare chief for presidents Nixon and Ford. But shortly after taking over the Defense Department he became known along giddy Pentagon corridors as "Cap the Ladle," for the billions of dollars he and Reagan were pumping into the nation's military might. In a rush to push the Soviet Union into bankruptcy, he championed new fleets of tanks, planes and ships - and the Strategic Defense Initiative designed, as Reagan...

Author: /time Magazine | Title: Cap Weinberger's Legacy | 3/28/2006 | See Source »

...cities have signed the U.S. Mayors Climate Protection Agreement, pledging, among other things, that they will meet the Kyoto goal of reducing greenhouse-gas emissions in their cities to 1990 levels by 2012. Nine eastern states have established the Regional Greenhouse Gas Initiative for the purpose of developing a cap-and-trade program that would set ceilings on industrial emissions and allow companies that overperform to sell pollution credits to those that underperform-- the same smart, incentive-based strategy that got sulfur dioxide under control and reduced acid rain. And California passed the nation's toughest automobile- emissions law last...

Author: /time Magazine | Title: Global Warming Heats Up | 3/26/2006 | See Source »

Capitalism is nothing if not adaptive, and its champions have responded to global warming with a market-based solution that provides polluters with a profit incentive to mend their ways. It's called cap and trade, and it is the mechanism behind the so-called carbon markets spawned by the Kyoto Protocol. Firms in developed countries that pump out more CO2 than they are allowed under limits imposed by Kyoto are required by the protocol to offset that pollution by buying credits on the carbon market. Those that cut CO2 emissions below their allowance or help polluters in developing nations...

Author: /time Magazine | Title: Global Warming: How to Seize the Initiative | 3/26/2006 | See Source »

Since January 2005, carbon markets in the European Union have traded at least 500 million tons of CO2. Because the Bush Administration dropped out of Kyoto, the U.S. doesn't participate in this booming global trade. But state governments are starting to set up regional carbon markets based on caps they establish under their own authority. In December, seven Northeastern states led by New York agreed to cut power-plant emissions via cap and trade, beginning...

Author: /time Magazine | Title: Global Warming: How to Seize the Initiative | 3/26/2006 | See Source »

RETIRING. PAUL TAGLIABUE, 65, as commissioner of the National Football League, whose solid relationship with the Players Association facilitated a landmark 1992 collective-bargaining agreement considered a team-sports model that balanced free agency with a salary cap; in New York City. During his 17-year tenure, the unflappable Tagliabue oversaw the addition of four teams and the creation of the league's TV network...

Author: /time Magazine | Title: Milestones Apr. 3, 2006 | 3/26/2006 | See Source »

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