Word: focused
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While the $700 billion bailout has been the focus of attention and scrutiny, the Internal Revenue Service and lawmakers have been quietly making changes to the tax code and how it is followed in an effort to further boost the financial strength of ailing companies. At the same time, though, the changes drain billions of dollars of badly needed tax revenue when the federal deficit is mushrooming. Many of the changes may lower corporate-tax revenue for years to come...
Given the large size of these new studies, however, some experts doubt that future research will controvert them. "If the focus is preventing prostate cancer, then there is nothing you can go to the health-food store and get in a bottle," says Dr. Patrick Walsh, a leading prostate-cancer specialist at Johns Hopkins School of Medicine. "Men are fooling themselves if they think that...
...countries are now treating the Bush team like an annoying houseguest that has overstayed his welcome), Obama can't be anything but vague for now. Although he sent observers to the summit, many greens wish he had deployed a high-level representative - like Vice President-elect Joseph Biden - to focus the world's attention on Poznan. As it is, the U.S. vacuum is the perfect excuse to justify the generally slow progress of the talks. Yet once Obama takes over on Jan. 20, he'll have less than a year to get ready for Copenhagen. That's nothing...
...greenhouse-gas reductions may not be possible - as rich nations like Japan, which have struggled to meet their Kyoto obligations, have discovered. Meaningful reductions will require technological advances on energy that have yet to be developed, and the U.N. can't force that process. But it can work to focus the world's attention on climate change and help map out the policy framework - including on issues like tropical deforestation - that will speed the broader social, economic and technological changes that will eventually make a real difference...
This piece ran as part of our focus on Harvard's endowment...