Word: crediteers
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CHART: NOT AVAILABLE CREDIT: Source: FBI's Crime in the United States CAPTION: BLOOD RELATIONS: MURDER IN THE FAMILY
...worker, whose real wages have sunk, by one estimate, to their 1967 level. Yet many Mexican officials feel that their diligence in making sacrifices, and in honoring every debt payment so far, has been insufficiently recognized by creditors abroad. ''Mexico requires special treatment,'' said Angel Gurria, head of foreign credit at the Finance Ministry. ''But bankers balk at setting a precedent.'' Many of those balkers come from Mexico's potential backers to the north. Former U.S. Ambassador John Gavin reportedly urged American bankers to withhold loans from Mexico until the country began to show signs of serious / economic reform...
...renewable credits do expire (Congress, jammed in a partisan gridlock, refuses to renew them), they'll save taxpayers a little money - maybe $1 billion, or less than half a week of the Iraq war. But the cost to the economy - not to mention the fight against climate change - will be far greater. Navigant Consulting, an international firm that studies the energy industry, estimates that the expiration of the renewable tax credit would result in approximately $19 billion in lost investment, and 119,000 lost job opportunities in the U.S. That's because renewables, while getting cheaper all the time, still...
...potential loss of these credits has already impacted development. Acciona, a large Spanish renewable company that launched a major concentrated solar power plant outside Vegas this year, says similar projects will be impossible in the future without an extension of the tax credit. Abengoa, another Spanish company (European companies have dominated this space, largely because their governments provide significantly more generous subsidies to renewables), is planning to build the world's largest solar plant in Arizona, but the CEO of its solar arm told me recently that the project could fall apart if the credit doesn't come through...
...youngest workers are, stunningly, its most pessimistic about the nation's economic future, and half of them are uninsured. Equipping them with tools to bolster their economic security takes on special urgency. In response, an innovative start-up, working with labor organizations, targets health-care counseling, savings, credit and other low-cost, portable products to the needs of these younger workers...