Word: markets
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Dates: during 2000-2009
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...environment, Obama’s cap-and-trade proposal is a market-friendly, politically palatable way to reduce carbon emissions. This solution will establish a finite number of pollution permits—and thus a finite cap on pollution—that companies would be required to buy and trade in an open market. Not only will this efficiently reduce carbon emissions, but the administration projects that it would raise $79 billion in revenue. Importantly, the flexibility of cap-and-trade should make it a politically viable alternative to solutions like the gas tax, which has faced undeserved popular...
...total individual subsidies for farmers at $250,000. Combined with other agricultural subsidy cuts, this would reduce farm subsidy expenditures by about $2 billion annually. This potential savings would be a boon for taxpayers. Furthermore, the inefficient subsidies currently create a price floor—a minimum price above market equilibrium—which artificially inflates prices, hurting American consumers...
...walking shoes for a Food Literacy Project-led “Culinary Cambridge Walking Tour” on Saturday. The jaunt was led by FLP Administrator Theresa A. McCulla ’04, and included stops at chef Julia Child’s former home, Savenor’s Market, and locally-owned café, The Biscuit. McCulla said that the purpose of the tour was to introduce students to culinary points of interest in Cambridge. “It’s so easy to just stay on campus without realizing that you can find all this neat stuff...
...surge in small-car sales helped China pass a milestone. For the first time ever, more cars were sold in China (735,000 vehicles) in a month than were sold in the U.S. (657,000). In January at least, China was the world's largest car market. "The tax reduction was an obvious help to our sales," says a sales manager surnamed Feng at the biggest Hyundai dealer in Beijing. "Since the new policy started, sales of our three models with 1.6 liter engines or below have gone up by 30% compared to the same period last year...
...benefit most from Beijing's moves. "Domestic manufacturers mostly focus on the production of automobiles with smaller engine power, and they benefit the most from the tax reduction policy," says Yao Jie, deputy secretary general of China Association of Automobile Manufacturers. While domestic brands accounted for 26% of the market last year, their share climbed to 30% in January, Yao says. Chery Automobile Co, the highest-selling Chinese automaker and manufacturer of the popular QQ compact, says it expects to increase sales by 18% this year...