Word: offsetting
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...risk from rising seas caused by global warming, President Mohamed Nasheed has announced a plan to make the Maldives the world's first carbon-neutral country. Under the plan, the Maldives would generate electricity with wind turbines and solar panels and buy emissions credits from the E.U. to offset air travel for the estimated 600,000 tourists who visit its islands each year...
...point of view the Spartans' success may actually hurt Detroit. Yes, since a Michigan team is playing in the game, more fans will be crowding Detroit's bars and shops than there otherwise would have been. But since Lansing is a neighbor, a reduction in local hotel stays could offset this revenue. Fewer out-of-towners also means less spending at the airport and on transportation (cabs, rental cars, and so on). Also, it's safe to assume that a portion of the Michigan State basketball fan base would have spent money in Detroit even if the team...
...scheme could produce hundreds of billions of dollars in revenues, since almost every big company in America would need to buy the credits to initially comply with the more stringent standards. But most Republicans and many Democrats are demanding those potential funds be returned directly to consumers to help offset higher energy bills as utilities pass along to them the cost of modernizing. The Obama plan, however, envisions using 20% of these funds to pay for investments in green technologies and green jobs. "My first priority is that the money goes back to help those who will see their costs...
...like other institutions, was making a mint dealing in derivatives tied to the U.S. real estate market. The boom was financed in part by collateralized debt obligations (CDOs), securities based on subprime mortgages that have come to define toxic asset. Companies that held CDOs could offset their risk by buying CDSs from AIG FP. Or they could simply speculate with the instrument. It all worked fine until overbuilding by housing firms and overleveraging by consumers caused the bubble to burst. Which in turn caused the value of CDOs to plunge. Which caused holders of CDSs on such securities to demand...
...Verdict: Junk.* Cabot may fall short of the spirit of some River Houses, and lacks the party reputation that Currier has so carefully cultivated, but it offers a peaceful, reliable shelter from the bustle of Harvard Square proper. Whether that’s enough to offset the many missed shuttles caused by the dining hall’s erratic digital shuttle schedule is a question with which new residents will be forced to grapple?...