Word: caps
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Placing a cap on drug costs could save U.S. health care billions. But it's not without controversy. England and Wales have set up a body called the National Institute for Health and Clinical Excellence (NICE) which reviews treatments to decide which are the most cost-effective and which the National Health Service (NHS) should pay for. A new drug has to offer value for money - and if it doesn't, whether it is life-saving or not, NICE won't approve...
...China's largest companies are beginning to take center stage as the and most asset-rich corporations in the world. The market cap of PetroChina (PTR) recently passed Exxon Mobil (XOM) making it the most valuable company traded on any stock exchange. That gives it the option of using cash or stock to acquire assets in the West and Japan.PetroChina can also tap the Chinese treasury for cash...
...Congress currently requires. Not only could the move potentially kick-start the sputtering U.S. auto industry, while saving the equivalent of some 1.8 billion barrels of oil, it also raises hopes that the Obama Administration will be able to forge a compromise on the tricky matter of a national cap on greenhouse-gas emissions. "It's an enormous breakthrough for national legislation," says Vickie Patton, a senior attorney for the Environmental Defense Fund. "It ends years of polarization on extraordinarily difficult issues and leaves us with a sense of progress." (See the 50 worst cars of all time...
...through the usual period of commenting, and there's always a chance that such a fragile coalition of politicians, greens and auto executives could collapse. But the very fact the White House brought - and kept - everyone at the table offers some hope as the much tougher battle over carbon cap and trade boils in Congress. "President Obama made the creation of a clean-energy economy a key aspect of his domestic agenda, and he's fulfilling that," says Weiss. It's a good start - but there's still a long road ahead...
...United States, overutilization of fertilizer may indeed have become an environmental problem," says DeVries. "In Africa we're seeing that underutilization is the problem." When degraded soil blows away, frustrated farmers turn to the forests for more land. A farmer applying as little as a coke-bottle cap of fertilizer for each stalk of corn could potentially triple his yields - and benefit the environment. "We're not going to deny Africa these technologies," he says. "How could...