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...argue with results - emissions of SO2 and NO have dropped drastically, as has acid rain. Emissions trading worked because by pricing the air, it helps drive innovation towards pollution control and efficiency, funded in part by the value of the emissions trading market. (Companies that spent to lower their emissions beneath the cap could recoup that investment by selling their excess emissions credits.) Just as importantly, it did so on the cheap, at a cost considerably beneath early estimates...
...unrest--up at night. Sun, the Lehman Brothers economist, says that as manufacturers are pushed to the brink, China's stock markets could see sharp declines. Given that many large, listed Chinese companies pad their profits by investing in stocks themselves, "a big correction could bring [corporate earnings] even lower, and a vicious cycle could result," says...
...tasted the soup,” a homeless man once claimed to me, “and I liked it too.” At the time, however, the event marked what was for many the culmination of the violence and depravity that had plagued Manhattan’s Lower East Side for years. Today’s New York, of course, is nothing like it was 30—or even 15—years ago. For one, Rakowitz simply couldn’t afford to live in his old neighborhood in 2008. Furthermore, the old culture and climate...
...baked apples and homemade apple sauce. According to this philosophy, if cooking returns to its roots and becomes commonplace knowledge among members of a society, the rate of packaged food consumption will decrease dramatically. Along with this sharp decline in processed food, the American population would dramatically lower its intake of sugars, salts, and unhealthy fats, and the obesity epidemic would plateau, if not decline.Eisenberg structured the conference as a pseudo-teaching kitchen, his dream location for the application of this philosophy. Eisenberg sought to structure the workship by creating autonomous departments in which attendees learn everything from...
...financial aid initiative is similar to Harvard Medical School’s decision to cut costs for nearly one third of its students. According to the Yale Daily News, the move aims to reduce debt for middle-income students and curb the attrition of the graduate students who enter lower-paying specialities, estimated to impact up to a fourth of the student body. The initiative will be funded by a $1.1 million increase to the medical school’s budget from the university’s endowment income. Officials from the Harvard Law School, Harvard Medical School, and Yale...