Word: congressed
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Time was, Americans didn't worry much about miles per gallon. The first cars had small engines and got stellar gas mileage--as high as 21 m.p.g. for the Model T. But as vehicles got faster and larger and grew tail fins, efficiency plummeted. Congress didn't set fuel standards until after the oil embargo of 1973. By 1985, efficiency had improved dramatically, but momentum slowed as the government let standards stagnate. President Barack Obama's support for raising fuel efficiency to 35 m.p.g. by 2020--a move that could save 2 million bbl. of oil a day--has environmentalists...
...What that something will be, though, will need the support of more than just diplomats. Gore urged Congress to pass President Obama's stimulus package and, as soon as possible, a national cap-and-trade bill for carbon emissions - a prerequisite to leading negotiations in Copenhagen. If the U.S. takes on carbon restrictions of its own, Gore argued, major developing nations like China and Brazil are ready to fall in line. The Kyoto agreement gave developing countries a free pass to keep emitting carbon - a key reason the accord failed in the U.S. Senate - but Copenhagen will be different, because...
...wilderness" and pointed out that the Nobel Peace Prize winner had been warning about climate change ever since he was a member of the House of Representatives decades ago. Even Republican members like Bob Corker and Richard Lugar hastened to add their admiration for Gore, who was appearing before Congress for the first time in nearly two years. (See pictures of Al Gore...
...There are also questions about whether the legislation will be able to make it through Congress...
...FINRA and other self-regulators historically have played it safe in their enforcement," says Columbia's Coffee. (Self-regulatory organizations do not usually draw their authority directly from Congress, and may be financed by the industry they cover.) "FINRA's been tougher than its predecessors, but it still tends to focus more on outlying and smaller firms; it's been more deferential to the bigger players. At SEC, she has to clean house and needs truly aggressive prosecutors." (See who's to blame for the current financial crisis...