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...House of Representatives has already passed a cap-and-trade bill, but the going will be tougher in the Senate, where supporters will need to get 60 votes to overcome a Republican filibuster. Already, conservative Democrats - especially from the coal-dependent states of the Midwest and South - have made noises about opposing a cap-and-trade bill or perhaps replacing it with a law that would include wider support for clean energy but without the price on carbon. That, however, might not be enough to kick-start scaled-up clean-energy investments. "Without...
...many have noted in recent days, badly trailing the domestic Chinese search company Baidu. But it isn't just that Google has struggled. All of the New Economy western companies in the media and information business have failed to establish themselves in China. Before Google, eBay and Yahoo both made investments of years and millions upon millions of dollars to tap the fast-growing Internet generation in China, and like Google, they could not gain traction. Both companies ended up pulling the plug on their China ventures, with eBay losing out to domestic Chinese auction company Taobao, and Yahoo ceding...
...experience, who are creating home-grown franchises catering to the burgeoning world of the web in China. Baidu, the rival search engine to Google, is most in the news lately; others include web portal and entertainment companies Sina and Netease; on-line, multi-user gaming company Shanda (which recently made an acquisition of an American gaming company and plans to expand to the United States); internet and mobile applications giant Tencent; and a host of others, some public, some still in start-up mode. (See the best business deals...
...financial system [that led to the financial crisis] came from abroad," says Caballero, who is the head of MIT's economics department. "Foreign investors created a demand for assets that was difficult for the U.S. financial sector to produce. All they wanted were safe assets, and [their ensuing purchases] made the U.S. unsafe." (See the financial crisis after one year...
...followed the long list of groves and pumps he'd made for this night, Story chattered by push-to-talk cell phone with his father Vic and brother Matthew, who were operating pumps on other tracts of the family's 5,000 acres (2023 hectares) of oranges, tangerines and grapefruits, which lie across four counties in central Florida. When Matthew radioed in that some of his pump pipes had frozen, a setback that could result in a good deal of lost fruit, Kyle summoned a stoic voice and replied, "We can only do what...