Word: caps
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...ever closer to addressing global warming. The sweeping bill, sponsored by Democratic Senators Barbara Boxer and John Kerry, will cut U.S. greenhouse-gas emissions 20% below 1990 levels by 2020, and 83% by 2050 - targets that in the short term are a bit more ambitious than a similar carbon cap-and-trade bill passed by the House two months ago. "This is the beginning of one of the most important battles we will face, as legislators, as citizens," Kerry said Wednesday, flanked by veterans, local legislators and clean-energy entrepreneurs. "It is time to reinvent the way America uses energy...
Congress is one of them. The Kerry-Boxer bill is only one of several pieces of legislation that the Senate will need to consider as it takes on cap and trade - about which the Finance Committee is only one powerful group that will have its say - and the chances that any kind of carbon cap will pass seem vanishingly small. As long as the Senate is stuck on other business, like health care, Obama and his negotiators will have their hands essentially tied at the U.N. climate-change summit in Copenhagen three months from now. They can't commit...
...bill with a tighter short-term emissions-reduction target. But the bill still has plenty of holes for a piece of legislation that has been in the works for months, saying little about how allowances for carbon emissions would be distributed among polluting industries - a key part of any cap-and-trade bill. And with natural gas fans blaming the bill for having too little support of natural gas and nuclear fans saying there's not enough support of nuclear, gathering up support from Republican Senators and even Democrats will be an uphill challenge. The negotiations are just beginning...
...animals. "Sanctions may not do much to the so-called enemy, but they do feel warm to those imposing them," wrote Britain's Independent in 2007. Still, if shaming Iran and expressing outrage is the primary purpose of the exercise, the U.S. could always make Ahmadinejad wear a dunce cap...
...Board in Shenzhen is doing better, having listed 293 firms with total market cap of $80 billion, equivalent to about 11% of the main board's. Still, the odds are that GEM and other initiatives may not do much to help China's private sector. The country's rulers may yet be forced to move more aggressively to stop state-owned enterprises from sucking up all the oxygen in the banking system, and do so sooner rather than later...