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...carbon-neutral fighting forces would help reduce global greenhouse gas emissions; the British military, for example, only produces 1% of Britain's carbon dioxide output, and that's typical for militaries in developed economies. Instead, the gain could come from harnessing the bright and heavily funded researchers who work either directly for the military (the U.S. Army Corps of Engineers alone has 283 Ph.D.s on staff) or for its numerous suppliers. If the military-industrial complex can design a long-range missile that travels into space and is guided by light from the stars, it has a good chance...
...some finance experts argue that the real answer to problems with ratings agencies is to get rid of the notion that an NRSRO sign-off is the gold standard. To literally delete it from regulations. In other words, to make finance firms and investment vehicles justify - either through their own due diligence or ratings they themselves have paid for - why their holdings meet regulatory requirements...
...Gregg may not be correct and his point of view may make him an outlier. But there is no denying the fact that there has been almost no time spent in the Congressional conversation about what could happen to the budget if either the revenue or expense assumptions at the core of the Administration or CBO analyses are wrong by a substantial margin. The projections of GDP growth only have to be a percent or two too low for deficits to go up by hundreds of billions if not trillions of dollars over the next decade. Not a single page...
...federal fiat. But with cap and trade looking like it may become a victim of the White House's need to prioritize amidst a sea of crises, the EPA's actions could provide a much-needed nudge to Congress. "This is a strong message," says O'Donnell. "Congress either has to face the reality that something has to be done, or the Obama Administration will just do it itself." What's one more item on the world's longest Presidential to-do list...
...hosts are likely to be either England or South Africa, officials say. A final decision could come as early as Monday. To keep the IPL in India, BCCI officials have spent weeks trying to win over state governments and launched a media blitzkrieg that equates holding the IPL with upholding the country's honor. But in the end nothing worked. "Because of the attitude of the government, that they are not ready to spare security forces for the cricket tournament ... We are forced to take the decision to move the event out of India," BCCI president Shashank Manohar told...