Word: caps
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...nations gathered for two weeks with the goal of hammering out an international environmental accord, and instead parliamentary stasis reigned. Late-night negotiating sessions went nowhere, powerful developing nations like China seemed determined to block any progress, and the U.S. itself - which still hasn't passed a carbon cap of its own - lacked much diplomatic leverage. As late as the evening of Dec. 16 - just two days before the Copenhagen summit was due to close - "it looked as though we were headed to failure," said Todd Stern, America's top climate envoy...
When politicians began discussing similar restrictions at the federal level, nervous investors sold off the pawnshop stocks. When the most restrictive proposal - a 36% cap proposed by Senator Richard Durbin, a Democrat from Illinois - failed to win support, the shares rebounded. However, the Senator has reintroduced the bill in the current session of Congress, and it could ultimately find its way into financial-industry reform. More worrisome to investors is the potential power of a Consumer Financial Protection Agency, part of the financial-reform bill recently passed by the House and under consideration in the Senate. Under the current versions...
Recently on a sleeper train in China's northwest Xinjiang province, I shared a cabin with two Pakistani traders who were returning home overland from a business trip to Hong Kong. One, in a Harley-Davidson cap, showed me two toy remote-control U.S. military helicopters he had bought in Shenzhen for his young sons. Beaming, he professed his love for America. But he also applauded the Taliban and al-Qaeda and how they "looked after" his Muslim brethren. It's just such a paradoxical pose, at once insular and international, Islamist and secular, that befuddles those outside Pakistan...
...Connor—ranked No. 1 in the nation at 157 lbs.—earned a 6-1 decision over No. 19 Jonny Bonilla-Bowman to cap an undefeated weekend and push his record...
...surprise twin retirements announced this week by Democratic Senators Chris Dodd of Connecticut and Byron Dorgan of North Dakota cap a dismal month for Democrats. Early in December, House Speaker Nancy Pelosi moved to stem the tide of lower-chamber retirements after four veteran moderate, so-called Blue Dogs announced that they would not run for re-election. Then, instead of a retirement, another Blue Dog - this time Alabama freshman Parker Griffith - jumped ship to the Republican Party. Only a year after celebrating an expected six GOP Senate retirements in 2010 and nearly a dozen in the House (that number...