Word: dieting
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...think about cap and trade is as a carbon diet. When utilities or oil refiners are put on the regimen, their annual carbon emissions are measured, and they receive a stack of pollution allowances giving them the right to emit that much carbon in a year. Then the emissions are reduced, year by year. Like all diets, this one's hard to stick to. It's also expensive, since emitters have to invest in technologies to reduce their pollution. But there are incentives. Constraints on carbon boost prices, which means that alternative sources of power become competitive. What's more...
...Francisco? (Alaska Airlines.) Is anyone making money flying direct to India? (American is, Chicago--New Delhi.) Which U.S. carrier will fall next? (ATA shuts days later.) We all gossip a bit about a Los Angeles politician. Everybody laughs, and Branson digs into his Greek salad and Diet Coke...
...That's a question millions of Asians are asking. Across the region, the price of food, from wheat to pork, is increasing at dizzying rates. But it is rice, the foundation of Asia's diet and a potent symbol of its cultures, that is causing the most anxiety. In Thailand, Vietnam, Bangladesh, India, Pakistan and elsewhere, the price of rice has doubled in the past year, a hike that hurts all the more because Asian families often spend half of their weekly budget on food, more than double what Western households spend. In an effort to contain spiraling domestic prices...
...doubtful that The Moment of Truth actually helps anyone (though the payouts could buy a lot of psychotherapy). We don't know if Supernanny improves anyone's long-term parenting, and there are no longitudinal studies to show if The Biggest Loser extends life spans. But like diet books that promise to keep off the fat forever (or until the next diet book, whichever comes first), these shows play off the American ideal of self-reinvention, the confidence that perfection is just one more makeover or 12-step program away...
...first time in Japan's parliament, two parties share majority rule between the Upper and Lower houses. The Liberal Democratic Party (LDP), after holding the reins of the Diet for more than five decades, lost the Upper House to the DPJ during last summer's elections. As a result, the last eight months have been a political tug-of-war that has resulted in many disputes. Playing a central role is Fukuda, who has watched his approval ratings plummet in the past few weeks, with some polls showing as low as 24%. (By contrast, former Prime Minister Shinzo...