Word: moneyitis
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...cash payments to farmers in the Brazilian state of Mato Grosso to stop them destroying the forest for agriculture. But with 120,000 households around Ulu Masen, even a multimillion-dollar sale of carbon credits might amount to only $100 to $200 a year per family, estimates Linkie. The money might be better pooled to build schools, bridges or other projects that would benefit the entire community. However it is distributed, a very clear message must be sent to the local communities, says Linkie: "You're getting this [money] because you're not cutting down the forest...
...that would protect priority areas of deforestation in Indonesia, Congo and the Amazon. A $40 billion - a-year fund "could get us to zero deforestation by 2020 - globally," says Kessler. But will rich nations cough up that much? The U.S., the E.U. and Japan are all "willing to put money on the table" for REDD, he adds. "Just to put it into perspective, $40 billion is about a quarter of what the U.S. gave in bailout funds to one insurance company, AIG. The money is there. It's just a question of political will...
...Indian government matched that optimism with the grandly named Jawaharlal Nehru National Urban Renewal Mission, which has so far allocated more than $11 billion in long-overdue funds to fix India's cities. The money - for roads, sewer lines and mass-transit systems - comes with some very important strings attached. To get the money, state governments have to devolve more power to cities; and city governance would go hyper-local, giving some control over the spending to new, elected neighborhood councils. (See pictures of the tempestuous Nehru-Gandhi dynasty of India...
...adherence to stringent technical, legal and ethical standards. Ignoring the rules can result in losing one's job. Why? Because if these things are constructed poorly, people will get hurt. Since Wall Street is in the business of "engineering" markets in order to make the greatest possible amount of money, why shouldn't they also be licensed and held to similar standards? Mark Revis, Moreno Valley, Calif...
...also shopping to fill up a new apartment, their first home together. For Zhu, the busy Wednesday evening is business as usual. His store's sales have surged about 40% this year. "In the past, people only bought the electronics that they needed," Zhu says. "Now people are spending money just to enjoy it." (See pictures of China...