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...avoided deforestation schemes could flood the trading market with countless cheap carbon credits; after all, there are an estimated 638 billion tons of carbon locked in the world's forests. If even a fraction of those credits are put on the market, it could let developed countries off the hook when it comes to making the hard changes in industry and energy use needed to really dent carbon emissions...
...bank's creditors or trading partners want their money back. That would save Citi from having to write down its assets, which is what would wipe out its equity and send it into bankruptcy. Of course, if the bank does fail, the government could be on the hook for hundreds of billions of dollars of debt...
...Treasury could inject into the firm. Paulson only has $60 billion left of the initial $350 in TARP funds that he can spent without having to face a review from Congress. More importantly, the government does not want to end up owning Citigroup. Then taxpayers would be on the hook for all of the bank's debt. So the most the government could invest in Citigroup would be $20 billion, which is the amount equal to what is held by current shareholders. If Citigroup were to issue shares to the government greater than its current value, taxpayers would be left...
While the policy objectives of the two candidates are not that different, there are points of major contention. One major clash is strategic: Royal calls for a partnership with centrists to recapture national power, while Aubry rejects that in favor of an opposite lean to hook up with Green, Communist and other leftist parties. The more explosive rub involves style. Aubry is staid and wonky, and she prefers more orthodox-sounding leftist pronouncements. Royal has a high-profile-celebrity quotient and a highly personalized communication style focused on modernity and change, frequently featuring frontal attacks on Sarkozy...
...potatoes for much longer. And that could be a boost for domestic green businesses as well: U.S. firms control 98% of the small-wind market, in contrast to large-scale wind and solar, in which foreign manufacturers dominate. "Since the tax credit, our phone has been ringing off the hook," says Andy Kruse, a co-founder of Southwest Windpower, a major small-scale-turbine producer in Flagstaff, Ariz. "It's really exciting to see the market coming...