Word: congressed
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...actions taken last fall by the Fed, Treasury, Congress and governments around the world "may well have averted the collapse of the global financial system, an event that would have had extremely adverse and protracted consequences for the world economy," Bernanke said. Market improvements were already allowing the Fed to unwind some of the extraordinary actions it took last fall, with credit extended to banks and other financial firms declining from $1.5 trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority...
...trade bill that was recently passed by the House of Representatives - and which will soon be taken on by the Senate - includes a provision that would eventually impose trade sanctions on countries that did not accept binding emissions targets. The passage was inserted to appease members of Congress who worried that a carbon cap would lead to the migration of energy-intensive industries from nations with emissions limits to those without them. That restriction seems fair - until you realize that many of the products exported from countries like India and China, with lower environmental standards, are sent to rich countries...
...American carbon markets - which could eventually be worth trillions - contingent on how developing nations deal with climate change, for example by agreeing to mandatory reductions in the rate of growth of their emissions. "Carbon-market access is the first and most powerful carrot and stick," she says. "Members of Congress can say that if countries want to sell us carbon credits after we have capped our emissions, we want them to follow suit...
WASHINGTON, D.C. — During his short tenure as manager of the Washington Nationals, Manny Acta witnessed 28 members of Congress lose their jobs due to poor performances; you’d think he’d have gotten the memo. Instead, he led the Nats to the worst first half of the baseball season in their history—and was promptly fired himself...
...here I sit, mulling over my time in our nation’s capital. Thus far, D.C. has seen the worst Metro disaster in its history, the King of Pop has died (obligatory M.J. reference, check), and Congress has been having oh so much fun attempting to tackle climate change and health care reform...