Word: caps
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...dust cry foul and demand that the sport's governing body, the Federation Internationale de l'Automobile (FIA), rule those innovations out. FIA supremo Max Mosley had hoped to tamp down what he calls the sport's "financial arms race" by imposing a $66 million annual spending cap on teams, but instead he appears to have provoked a walkout that could see some of the sport's major names, such as Ferrari and McLaren, create a rival championship with fewer restrictions - and take the sport's lucrative TV audience with them...
...timing of the new report is perfect. A bill to cap U.S. carbon emissions, sponsored by Democratic Representatives Henry Waxman and Edward Markey, is making its way through Congress and could be up for a vote in the House of Representatives as soon as next week. Although the bill has the support of the White House and has been watered down considerably to earn centrist and conservative votes, it will still struggle to become law. Opponents argue that cap and trade will ruin the U.S. economy by raising energy prices. But while there are arguments to be made against cap...
...Democratic bill marked up in the health subcommittee Wednesday. Sponsors had agreed in negotiations with ranking GOP member Joe Barton to lower the originally proposed cost of a new annual licensing fee for every food-manufacturing, -processing and -packing plant from $1,000 to $500, with a $175,000 cap per company - a reduction also sought by GOP allies in industry...
...Washington Pollution and Politics On May 21, the American Clean Energy and Security Act--also known as the Waxman-Markey Bill, after its Democratic authors--passed through a House committee. If approved, the 1,000-page bill would institute the nation's first federal cap-and-trade system for reducing greenhouse-gas emissions...
...steadily tightening cap would slash emissions 83% below 2005 levels...