Word: caps
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Dates: during 2000-2009
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...about how much credit will cost. "Virtually no other contract in this country allows a business to change the terms of an agreement once a purchase has been made," says Travis Plunkett of the Consumer Federation of America. "That's the main issue." (One Senator suggested an interest-rate cap, but that was shot down...
...most dangerous part of the Antarctic ice cap is in the west, where much of the continent lies slightly below sea level. Ice shelves that fringe the land keep the seawater out, but if those should melt, the water would rush in and destabilize the larger sheet, leading to slipping, more melting and the possibility of a catastrophic collapse. Picture New Orleans when the levees overtopped; now picture the flooding going global...
Recessions are supposed to be a good time for small companies to grab competitors' business and grow - but if Britain's small cap market is anything to go by, many of those firms are struggling. The Alternative Investment Market (AIM), the London Stock Exchange's junior market for dynamic and fast growing smaller firms, has been hammered over the past year. The main index of its shares has slumped by 50% since the same time last year, far more than the losses on the FTSE 100, an index of Britain's leading shares. In the opening quarter...
...looks," says Cowie. U.K.-based firms have quit the market at more than twice the rate of overseas businesses in the last 18 months, he says, and the dwindling presence of smaller companies means the firms that remain will be bigger, forcing up the exchange's average market cap. Investors already look set to buy in. The AIM index is still down year-on-year but it's up 30% so far this year, far more than its bigger brother...
...Cap-and-trade schemes can do much to mitigate the short-term effects of climate change. But it should be remembered that, although the most salient concern of the legislation in the U.S. is to quickly lower the aggregate amount of emissions with hurting the economy, this should not be the only concern. The moral and cultural dimensions of climate change must be also addressed. The only way up from the global fall from grace is to work together and consider what’s fair and important in the long...