Word: caps
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Dates: during 2000-2009
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...study found that between one-third and two-thirds of carbon offsets under the U.N.'s Clean Development Mechanism - which oversees offset projects under the Kyoto Protocol - do not represent actual emission cuts. In addition, the USCAP proposal recommends that many of the initial carbon emission allowances under a cap-and-trade system should be given to industry free, rather than auctioned - even though auctioning would push carbon reductions faster. (President-elect Obama has said he's in favor of auctions.) "The proposal is a dead end - and an even deader starting point," writes Romm. (Read "Obama Cleans Up After...
...value of firms including Citigroup(C) and Bank of America (BAC) has dropped to nothing is compelling. Once the government said it would back losses of over $300 billion from the Citi balance sheet, it was a tacit way of saying that Citi was no longer independent. Its market cap is now down to $15 billion, and at $2.80 its stock is a day-trader's dream...
...interraciality but also the mind-blowing normality of the family: the fact that Michelle Obama brought Laura Bush a going-away present, the fact that Sasha and Malia will make their own beds in the White House, the fact that our President proudly wears a Chicago White Sox baseball cap when he goes to the gym. (See pictures of Sasha and Malia Obama at the inauguration...
...Those market cap figures are now closer to $40 billion for each of the four largest banks. A one trillion assistance package has to create some value for taxpayers. A stake in the banks would seem to be the only options whether it is through senior debt or equity...
...tame, made me wonder if “high season” had permanently departed the town (or at least its backpacker quarter, the Indian holiday business seemed to be thriving).In Kolkata the scams had carried their own character—providing a bottle of water whose cap had already been unsealed and claiming “I just did that myself, sir” proved popular even in decent restaurants. The next destination of my journey, Bodhgaya—the spot of Buddha’s enlightenment—would house its own flavor of touts...