Word: caps
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...similar to a European Union carbon-trading system that sets limits on greenhouse-gas emissions, allowing companies exceeding those limits to buy "credits" from companies that produce less than their fair share of pollutants. Thus, heavy polluters are penalized (they have to pay for credits to stay within the cap), while greener groups are rewarded (they get paid for being under the cap), and the continent as a whole meets its emission targets...
...Among Republicans, opinions diverge as well. John McCain would support a cap-and-trade system to control emissions, and opposes drilling for oil in the Arctic National Wildlife Refuge (ANWR). Giuliani and Thompson oppose a cap-and-trade program and support drilling in ANWR. McCain and Giuliani support embryonic stem-cell research while Romney and Thompson do not. While Romney said America “ought to double Guantanamo,” McCain would close it immediately...
...Their papers cap a year of remarkable research, in which scientists have surged ahead of ethicists and politicians in finding ever more clever ways to generate stem cells. But where other breakthroughs relied on using cells from living embryos - tiny bits of inchoate life, fraught with ethical issues - the work by Yamanaka and Thomson sidesteps that abyss by nursing adult cells into a state in which their cellular destiny is yet to be fulfilled. No embryos, no eggs, no hand-wringing over where the cells come from and whether it is ethical to make them in the first place...
...proposed reforms aim, too, to tackle what many consider the CAP's most egregious element: the generous flow of aid to the largest farms and the wealthiest landowners. While most of the CAP budget is dispersed as direct aid to farmers, most of that goes to the largest farmers. Another large chunk goes toward other CAP schemes such as export refunds to large companies, storage outlays and payments to slaughterhouses to offset costs of measures to eradicate BSE, or Mad Cow Disease...
...owns three farms in Denmark - says the proposed changes would redirect farm aid to those who really need it. They slash subsidies above $147,000 by 10%, above $296,000 by 20% and above $443,000 by 45%. "We need to look at whether we need to adjust the CAP for an E.U. of 27 countries and a rapidly changing world," Fischer Boel said. "The changes I propose will make a real difference for farmers, consumers and taxpayers...