Word: offsets
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...adopts a cap-and-trade system with the same mistake, or if the world agrees to a truly global successor to Kyoto, the blowback could be enormous. As long as biofuels are incorrectly treated as 100% carbon neutral, they'll represent an economical way for companies to offset their greenhouse-gas emissions and comply with a tightening carbon cap. One study estimates that if the world were to meet a 50% "cut" in global greenhouse gases by 2050 under the current calculations, the necessary biofuel-crops expansion would be large enough to displace 59% of the world's natural forest...
...they say, to help keep down the final price tag of the reform bill; they insist it actually costs more than $1.2 trillion over 10 years instead of the less than $900 billion the Congressional Budget Office estimates the Baucus version of the bill will cost, all of it offset by cuts to avoid adding to the deficit. (See 10 players in health-care reform...
...take advantage of the catch-up provision that lets you stash an extra $5,500 in your 401(k) every year. If you are retired, give your nest egg time to replenish by forgoing for five years any distribution increases you had planned to offset inflation. That simple step puts the odds of not outliving your money back in your favor, according to T. Rowe Price. (See 10 big recession surprises...
...table include an extension of the first-time-home-buyer tax credit, which is set to expire on Dec. 1 and has helped stabilize the housing market this year. The White House has said Obama supports extending all three programs, though it remains unclear whether they would be offset with other tax increases...
...Retooling is not impossible. Germany's Volkswagen is converting part of a car-engine plant to produce "green" electrical generators. And if you buy into the great Asian growth story, then there is a chance that spending by wealthier consumers in countries like China and India can offset at least some of the decreased demand in the West. HSBC economist Frederic Neumann said in a September report that some Asian manufacturers have gained back the power to raise prices, implying that the impact of excess capacity in the region might not be as severe as some fear. "What...