Word: congressed
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Even if the $700 billion is spent efficiently on buying up toxic assets, though, it may not be sufficient. The Treasury may yet go back to Congress begging for additional dollars from a new administration if the initial allowance doesn't yield sufficient liquidity. And having fewer junky assets on their books may not cure banks of stinginess in the current climate of constraint. "Once confidence is destroyed, it's not easily restored," says Angel...
...time when unemployment is on the rise.) The challenge will be tactical: convincing Americans that curbing climate change is as much about overhauling a failed economy as it is about limiting carbon emissions. That message didn't get across during the debates over Lieberman-Warner; the next President and Congress will need to do better. "Addressing greenhouse gases and addressing the economy are all part of the same problem," says Barbour. "This is absolutely a top priority. It can't be postponed forever...
...good news is that Congress has already added a tinge of green to the bailout. The bill, which passed the House of Representatives on Oct. 3 and should be signed soon by President George W. Bush, includes a long-awaited extension of tax credits for the clean energy sector, which had been due to expire at the end of the year. But if this really is the Great Depression 2.0 and we all end up on the street selling apples and iPods, well, at least our carbon emissions will fall...
...part of the relocation, which could take up to five years, the Embassy will sponsor an international design competition calling for energy-efficient building techniques and designs that "celebrate the values of freedom and democracy." All plans remain conditional until the United States Congress and local planning authorities approve the move. Unlike most of its embassies around the world, the United States does not own outright the land surrounding its British facility; it is currently leased (like much of the rest of the borough) from the Duke of Westminster, one of Britain's richest...
...development had been championed by the likes of South Africa's former President Thabo Mbeki and other veterans of the struggle to end white rule on the continent, Farhan argues that it's precisely because the liberation-era movements are on the wane - as South Africa's African National Congress seemed to be last week, amid a very public schism - that governance is improving. "Those movements used to say, We have the right to stay in power because we are a liberation movement," she says. Across the continent, the liberation movements produced many of the stereotypical African...