Word: investers
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...aggressive carbon-reduction targets he promised before the election, beginning with a federal cap-and-trade system that would put the U.S. on course to reduce emissions back to 1990 levels by 2020, then cut them by another 80% by 2050. He also reiterated a campaign promise to invest $15 billion a year in low-carbon energy, including solar, wind, nuclear and next-generation biofuels...
...these far-reaching policies pass under the radar here. The 2002 U.S. Farm Bill supported by the Bush administration, for example, increased agricultural subsidies. The Federal Reserve also decreased interest rates, leading people to invest more in agricultural commodities. Both factors have been cited as reasons for the crisis of world food prices that began last year...
...Obama transition was a quiet one. Indeed, the big news came from neither Chicago nor Washington but from Detroit and Beijing. In Detroit, General Motors - the stupendously clueless automaker - begged for a bailout lest it go bankrupt, thereby raising the question: If our resources are limited, why should we invest in the failed corporate past rather than in the technologies of the future? The obvious answer was to protect jobs. But how long would those jobs last without a significant overhaul of the company's management and priorities? Was it even possible that the Federal Government could demand or supervise...
...mortgage assets is going to be the exception," says Thomas Brown, whose hedge fund, Second Curve Capital, specializes in financial firms. "If it does happen, it will be select purchases." Neel Kashkari, who is heading up TARP, has said that $250 billion will cover the demand for direct investments from banks. And Treasury officials say $40 billion of the money that has been spent was a onetime emergency investment into insurer AIG and should not be counted as part of the $250 billion they plan to invest in banks. Still, the AIG investment depletes the amount of money left...
...possible future home, the Bahamas did express initial willingness to host the former premier when he fled Thailand this summer after his wife was found guilty of tax evasion. Thai media have also reported that the Central African Republic might take Thaksin in if he's willing to invest some of his fortune in one of Africa's poorest countries...