Word: globalization
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Dates: during 2000-2009
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...priority. Government officials should have assumed that the confidentiality of the data was safe. How would the press ever get its hands on such sensitive information? The same way that it has gotten other classified information - obsessive digging and good contracts inside the Administration. (See pictures of the global financial crisis...
...This deal seems to be yet another sign of how hard the global automotive industry has been hit by the recession. The news of the Porsche-VW merger follows the announcement earlier this week by Italian carmaker Fiat that it wants to acquire U.S. automaker Chrysler, which the U.S. government forced into bankruptcy protection last week, and GM Europe. Fiat wants to merge with Chrysler and GM's Opel to create one of the largest car companies in the world. (See Chrysler's top ten moments...
...With Republicans unanimously opposing the climate change bill in the first House committee to consider it, the haggling is taking place among Democrats. On one side are those trying to pass landmark global warming legislation, and on the other, those seeking concessions in it to ease tough pollution standards on their districts and local industries. The first deal was struck Monday: up to $4,500 as an inducement to trade in gas-guzzlers for new, fuel-efficient vehicles that will emit smaller quantities of warming gases into the atmosphere. (See pictures of the fragile planet...
...passage is no indication that the broader bill will have an easy time of it. A rare win-win for industry and the environment, it didn't require any of the the trade-offs being discussed to pass the "cap and trade" measure at the center of the House global warming bill. Introduced April 1, the measure would require all sources of warming gases - produced by the burning of coal, oil and natural gas - to cap their emissions at 20% of 2005 levels by 2020. If they exceed their limits, polluters can buy credits from cleaner sources...
...spike in household electric bills. They are asking Waxman to grant free pollution credits to those utilities as well as to raise the cap and stretch out the timeline for reduction of warming gases until technology is developed to capture them. Representatives of energy-intensive industries that have global competition - steel, aluminum, concrete, chemical and pulp and paper - are seeking credits if they produce less carbon dioxide per ton of output than the international average for each industry...