Word: limiters
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Environmentalists were ecstatic when the House of Representatives passed the carbon cap-and-trade bill, led by Democratic Representatives Henry Waxman and Edward Markey, in June. Certainly, the legislation to limit national greenhouse-gas emissions could have been stronger, but the very possibility that the House would pass any such bill would have been unimaginable a year ago. And the timing was perfect. With do-or-die climate negotiations set for the U.N.'s global-warming summit in Copenhagen at the end of the year, the U.S. needed to show the world that it was ready to act on carbon...
There is a limit on how big the government's borrowings can get before they start causing problems. But what's the limit? In the early 1980s, many smart people would have told you that deficits topping 3% of GDP would bring economic pain, as government borrowing crowded out private investment and investors demanded higher interest rates on Treasuries to compensate for our country's shakier finances. But during the Reagan presidency, deficits stayed above 4% of GDP for five straight years - and interest rates fell, and the economy boomed. (Hence Cheney's full statement to O'Neill: "Reagan proved...
...Speculators OPEC leaders have repeatedly called for limits on speculation in oil-futures markets, in which investors bet on which way oil prices will go. Oil officials blame speculators for volatile prices, and some financial analysts agree. "It is market psychology which is propping up prices," Morse says. If investors believe that the recession is near an end and that demand will soar, they could pour money into oil futures and drive up world prices. The Commodity Futures Trading Commission in Washington is weighing new rules that would limit how much money a hedge fund or investor can trade...
...because of these eccentricities but rather because of the artfulness with which Hoffmann articulates the smallest events. “Stairwells make us weep,” he says, “And small kitchens. Sometimes you see a fork and you just want to die. There is no limit to the beauty of things.” What might seem overblown out of context is actually the ardent crescendo at the end of a string of meditations. The lull of this rising and falling of register is at times almost powerful enough to obscure the story. Hoffmann marries...
...reality for bin Laden is that even among those dedicated to resisting the U.S. and its allies, his ideology of global jihad against the "far enemy" (the U.S.) has failed to supplant the more pragmatic Islamist movements such as Hamas, Hizballah and Egypt's Muslim Brotherhood, all of whom limit themselves to clearly defined national objectives, eliciting increasingly manic denunciations from al-Qaeda's cave dwellers. (See pictures of the U.S. Marines' new offensive in Afghanistan...